According to a new report by Expert Market Research titled, “Global Bioactive Ingredients Market Share, Size, Report and Forecast 2024-2032″, the global bioactive ingredients market size is projected to grow at a CAGR of 7% between 2024 and 2032. Aided by the increasing consumer inclination towards healthier lifestyles and more nutritious dietary choices, the market is expected to grow significantly by 2032.
Bioactive ingredients are compounds typically found in a range of natural sources, such as fruits, vegetables, grains, and meats. These ingredients are essential for promoting better health and are known for their ability to interact positively with bodily processes. They include fibres, vitamins, minerals, omega-3 fatty acids, plant sterols, and probiotics, among others. Their multifaceted benefits, ranging from enhancing nutritional value to preventing chronic diseases, position them as a cornerstone in the realm of functional foods and nutraceuticals.
The burgeoning bioactive ingredients market demand is propelled by the growing awareness and knowledge among consumers regarding the role of nutrition in health and disease prevention. This trend is further augmented by the global rise in health conditions like obesity, diabetes, and cardiovascular diseases, where diet plays a critical role in management and prevention.
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Additionally, the bioactive ingredients market is gaining momentum due to the increasing popularity of functional foods and beverages. These products are enriched with bioactive compounds that offer specific health benefits beyond basic nutrition. As a result, they are becoming an integral part of consumer diets, especially among the health-conscious and the elderly population who are more prone to health issues.
The pharmaceutical sector also significantly contributes to the bioactive ingredients market growth. Given their therapeutic properties, these ingredients are increasingly being incorporated into dietary supplements and nutraceuticals to enhance health benefits and prevent or treat various ailments.
Innovation and technological advancements in extraction and processing techniques have made it more feasible to isolate and incorporate bioactive ingredients into a wide array of products. This progress has enabled the development of novel applications and products in the food and beverage, pharmaceutical, and cosmetic industries, thereby influencing the bioactive ingredients market outlook.
Geographically, North America and Europe have been leading the market, attributed to high consumer awareness and the presence of well-established health and wellness industries. However, the Asia-Pacific region is rapidly emerging as a significant market player due to its growing middle class, increasing disposable incomes, and shifting lifestyle patterns favouring health and wellness.
As per the bioactive ingredients market analysis, environmental sustainability and ethical sourcing of bioactive ingredients are increasingly becoming focal points in the industry. As consumers become more environmentally conscious, there is a growing preference for organically sourced and sustainably produced ingredients, which is influencing market dynamics.
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Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
• Amino Acids
• Carotenoids and Antioxidants
• Fibers and Speciality Carbohydrates
• Minerals
• Omega 3 PUFA
• Probiotics
• Peptides and Proteins
• Plant Extracts
• Vitamins
• Others
Market Breakup by Application
• Dietary Supplements
• Functional Food and Beverages
• Personal Care
• Animal Nutrition
• Pharmaceuticals
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global bioactive ingredients market. Some of the major players explored in the report by Expert Market Research are as follows:
• Cargill Inc.
• BASF SE
• DuPont de Nemours, Inc.
• Archer Daniels Midland Company
• Owen Biosciences, Inc.
• Lonza Group Ltd
• Others
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