Global Bioactive Ingredients Market Report and Forecast 2024-2032

Global Bioactive Ingredients Market Outlook

The global bioactive ingredients market reached a value of almost USD 42.88 billion in 2023 and is expected to grow at a CAGR of 7% over the forecast period of 2024-2032.

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Rising Health Consciousness to Bolster the Market Growth of Bioactive Ingredients

The global market for bioactive ingredients is being driven by the rising health awareness among consumers coupled with the growing consumption of bioactive ingredients for various applications. The fibres segment, among other ingredients types, accounted for one of the largest shares in the industry owing to the various health benefits offered by the product. Further, the dietary supplements segment, among other applications of bioactive ingredients, accounts for one of the largest shares in the global industry, along with functional beverages. The increased preference for dietary supplements among consumers with rising health awareness is leading to the growth of this segment, thus, aiding the overall industry growth.

Growing Food Fortification Programmes in the Asia Pacific to Aid the Growth of the Bioactive Ingredients Industry

Region-wise, the Asia Pacific is expected to account for a significant share in the global market owing to the presence of a large population, and increased consumption of bioactive ingredients for various applications in the region. Within the Asia Pacific, in countries like China and India, various food fortification programmes are taking place supported by government organisations in order to promote consumers’ health in the region, which is driving the industry growth.

Bioactive Ingredients: Market Segmentation

Bioactive ingredients refer to bioactive compounds that are present in foods of humans, animals, or plants, which promote better health. For instance, caffeine can be considered a bioactive compound of coffee. These compounds can modulate one or more metabolic processes, thus, resulting in enhanced health conditions.

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The various types of bioactive ingredients are:

• Amino Acids
• Carotenoids and Antioxidants
• Fibres and Speciality Carbohydrates
• Minerals
• Omega 3 PUFA 
• Probiotics
• Peptides and Proteins
• Plant Extracts
• Vitamins
• Others

On the basis of application, the industry can be divided into:

• Dietary Supplements
• Functional Food and Beverages
• Personal Care
• Animal Nutrition
• Others

The report also covers the regional markets for bioactive ingredients like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Consumption of Bioactive Ingredients in the Food and Beverage Industry to Propel the Market Forward

The global market for bioactive ingredients is being driven by its growing consumption in the food and beverage sector owing to the rising awareness regarding health among consumers. With a considerable shift in lifestyle and dietary habits of people, the demand for products with great taste as well as high nutrient content has increased. The gradual shift towards functional foods and beverages, which provide optimal nutrition and are promoted as beneficial basic nutrition, is driving the demand for bioactive ingredients globally.

The growing incidences of lifestyle diseases coupled with the increased expenditure by the ageing population on dietary supplements is providing further impetus to the bioactive ingredients industry. As various diseases and disorders can be prevented with the proper intake of dietary supplements that include vitamins and minerals, its demand is increasing, especially among the geriatric population. Further, manufacturers are increasingly focusing on the development of specialised supplements for age-related disorders and supplements for heart and bones, aiming to target this consumer segment. Thus, the increased demand for enriched and fortified dietary supplements is expected to fuel the growth of the bioactive ingredients industry over the forecast period.

The key players in the industry are investing heavily in the research and development of bioactive ingredients-based products. Thus, new product innovations, coupled with aggressive campaigning and unique brand positioning strategies, are expected to provide a further boost to the industry growth.

Moreover, governments across the nations are taking several initiatives to promote healthy eating habits among people and encourage the intake of healthy ingredients. In developing nations, such as China and India, various schemes and programmes are introduced in order to increase the consumption of fortified food and beverages among the consumers in the region. The rising awareness regarding the fortified food and beverage with ingredients that offer several health benefits without many alternations in the taste will drive the demand for the product in the region. Thus, this will help the global bioactive ingredients industry record a significant growth over the forecast period.

Key Industry Players in the Global Solar Bioactive Ingredients Market

The report gives a detailed analysis of the following key players in the global bioactive ingredients market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Cargill Inc.
• BASF SE 
• DuPont de Nemours, Inc.
• Archer Daniels Midland Company
• Owen Biosciences, Inc.
• Lonza Group Ltd
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report