The global Bioactive Ingredients Market is expected to reach USD 52 billion by 2025, recording a CAGR of about 7% during the outlook period.
Bioactive ingredients are a type of biomolecule that is added to food and ingredients, which aid in metabolic processes for immediate health. This also plays an important role in solving the problems of inadequate nutritious food intake and the inability to maintain a balanced diet. The results of various studies have established an important relationship between certain bioactive compounds and their effects on various chronic diseases such as cancer, diabetes, high blood pressure and heart disease.
- In April 2019, Lonza launched the H2O Bio Bioactive ingredient which is used as skin rejuvenation.
Market Drivers and Restrains:
The global market for bioactive ingredients and products is expected to expand due to growing health concerns and ongoing research and development in the field of bioactive ingredients, leading to innovative products. Growing health awareness coupled with increasing interest in health among consumers is expected to drive sales across the industry. Consumers are also aware of their health, treatment, and disease prevention. People are very conscious of maintaining a balanced diet with adequate content of essential nutrients. The incidence of various chronic diseases such as cancer, diabetes and high blood pressure is also expected to lead the market for bioactive ingredients and products, as doctors prescribe bioactive foods to patients suffering from the chronic conditions mentioned above. An aging population around the world is also expected to lead the market. Older people are more susceptible to a variety of chronic diseases, so eating a healthy diet is advisable. In addition, the increasing consumer preference for the consumption of functional foods and beverages is expected to increase the increase in bioactive components during the forecast period. The high initial cost and the lack of a regulatory framework to validate the health claims are factors that influence the growth of this market. Rising treatment costs, therapeutic side effects, and strict regulations on the approval of new products by government agencies are some of the limitations in the global bioactive ingredients market.
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Report is segmented as:
The global Bioactive Ingredients market can be segmented based on type and application. In terms of type, the global market can be segmented into minerals and vitamins, amino acids, phytochemicals and plant extracts, prebiotics and probiotics, carotenoids and antioxidants, omega 3 and structured lipids, etc. By application, the global market can be segmented into dietary supplements, functional foods and beverages, personal care, clinical nutrition, and others.
Asia Pacific is the largest producer and consumer of bioactive ingredients which is due to increasing disposable income coupled with demand for dietary supplements and functional foods and beverages is expected to contribute to market growth. In recent years, advances have also been made in the biosynthesis of bioactive components of Chinese medicinal plants. North America and Europe follow this area. Dietary supplements based on bioactive ingredients have the largest market share, while functional drinks based on bioactive ingredients are expected to show the highest growth rates in the future.
Key market players:
Key industry players are Sabinsa Corporation, Mazza Innovation Ltd., Ingredion Incorporated, Cargill Inc, BASF, Archer Daniel Midland Company, Ajinomoto Co and DuPont.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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