Bioactive Ingredients Market Report
RA04847
Bioactive Ingredients Market by Product (Fiber, Vitamins, Omega 3 PUFA, Plant Extracts, Minerals, Carotenoids & Antioxidants, Probiotics, and Other Ingredients), Application (Functional Food & Beverages, Dietary Supplements, Clinical Nutrition, Personal Care, and Other Applications), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Bioactive Ingredients Overview
Bioactive ingredients are a broad range of substances that are either naturally occurring or synthesized and can be found in a variety of foods, plants, and other sources. These substances have shown the ability to have distinct and beneficial effects on human health and well-being. Vitamins, minerals, antioxidants, polyphenols, flavonoids, probiotics, omega-3 fatty acids, and other physiologically active molecules can all be found in these nutrients, which are also known as phytochemicals or bioactive compounds. The ability of bioactive substances to improve physiological processes, strengthen immune system responses, lower the risk of chronic diseases, and increase general vitality is widely acknowledged.
Global Bioactive Ingredients Market Analysis
The global bioactive ingredients market size was $176.3 billion in 2022 and is predicted to grow with a CAGR of 8.0%, by generating a revenue of $371.1 billion by 2032.
COVID-19 Impact on Global Bioactive Ingredients Market
The global market for bioactive ingredients has been greatly impacted by the COVID-19 pandemic, creating a complex interplay of obstacles and opportunities. Production and dissemination of bioactive substances sourced from numerous sources, such as plants, animals, and microorganisms, were hampered in the early stages of the pandemic by broad supply chain interruptions, logistical challenges, and labor shortages. The need for functional and health-improving ingredients to fortify diets increased as a result of a shift in consumer behavior towards home-cooked meals caused by the closure of restaurants, cafes, and foodservice outlets. The demand for bioactive components known for their potential health advantages, such as vitamins, antioxidants, and herbal extracts, surged as health and immune issues became critical, prompting study and innovation in this field.
However, the economic crisis brought on by the pandemic affected consumer spending habits, causing a preference for necessities over high-end goods. International trade was also hampered by changing rules and safety concerns, which had an effect on both the export of goods and the purchase of raw materials. In addition, the industry has seen a rise in demand for personalized nutrition as people preferred solutions that are specifically designed to improve their health. Despite the fact that the COVID-19 pandemic initially presented difficulties for the market for bioactive ingredients, changes in consumer priorities and the search for improved well-being opened up new possibilities for market expansion.
Increasing Awareness Among the Consumers Regarding Healthy Lifestyle to Drive the Market Growth
The rising consumer knowledge regarding the connection between diet, health, and general well-being is one of the main driving forces. Demand for functional foods and dietary supplements with bioactive substances, which have been demonstrated to provide health advantages beyond basic nutrition is rising as people become more health conscious. In addition, the need for bioactive substances with potential preventive and therapeutic characteristics has increased due to the rising prevalence of chronic diseases and a fast aging global population, speeding research and innovation. Improvements in extraction, purification, and formulation methods have increased the variety of available bioactive compounds by enabling the use of bioactive substances from many sources, including plants, marine species, and microorganisms. Manufacturers have been compelled to use bioactive components obtained from natural sources due to the growing popularity of clean label and natural products, which is driving market expansion. Consumer confidence has increased as a result of cooperative efforts between regulatory agencies, industry, and academics to prove these chemicals' efficacy and safety, which has helped the market expand.
Safety Concerns and Economic Factors to Hamper the Growth of the Bioactive Ingredients Market
The clearance, labelling, and safety assessment of bioactive compounds are subject to strict and constantly changing regulations that create a considerable barrier to product development and market access. High R&D expenditures are a barrier to market expansion as the identification and validation of bioactive chemicals necessitate a significant financial investment. In addition, supply chain vulnerabilities due to inconsistent procurement and extraction of bioactive compounds from natural sources impair the availability and quality of products. As businesses compete for distinction and the protection of their ideas while navigating potential legal disputes, the competitive environment and intellectual property challenges can restrict the market growth. Therefore, these factors are projected to hamper the bioactive ingredients market growth in the upcoming years.
Advancements in Technology to Drive Excellent Opportunities
The exact manipulation and synthesis of bioactive substances has been made possible by advances in biotechnology, such as genetic engineering and synthetic biology, leading to the manufacture of improved and innovative ingredients with specialized functions. The identification and optimization of bioactive molecules have been accelerated through the integration of high-throughput screening techniques, computational modelling, and artificial intelligence. This has streamlined the drug discovery process and increased the variety of ingredients for pharmaceuticals, nutraceuticals, and functional foods. The efficiency of collecting bioactive from natural sources while maintaining their bioactivity has also increased with the development of new extraction techniques including supercritical fluid extraction and enzyme-assisted extraction. By improving the bioavailability and targeted distribution of bioactive chemicals, nanotechnology has also played a crucial role in opening up new opportunities for personalized medicine and therapeutic applications.
Global Bioactive Ingredients Market Share, by Product, 2022
The fiber sub-segment accounted for the highest market share in 2022. Fiber plays a crucial and diverse role in the dynamic landscape of the bioactive ingredients market. Bioactive substances produced from diverse sources, notably fibers, have significantly gained popularity as understanding of the critical connection between nutrition and health keeps increasing. Fibers, which include soluble, insoluble, and functional varieties, are becoming more well-known for their wide range of health advantages, including the improvement of digestive health, control of body weight, control of blood sugar levels, and lowering of cholesterol. Their incorporation into a variety of food & beverages, nutraceutical, and nutritional supplement items has been accelerated by this. Fibers solve health issues naturally and are in line with the growing trend towards minimally processed, clean-label products. In addition, the focus on preventative healthcare and holistic well-being has encouraged innovation and product differentiation by resulting in the inclusion of fibers in formulations that target particular health outcomes.
Global Bioactive Ingredients Market Share, by Application, 2022
The functional food & beverages sub-segment accounted for the highest market share in 2022. The ability of bioactive components, which include a wide variety of substances originating from natural sources, to provide health advantages beyond basic nutrition is becoming more widely acknowledged. Utilizing these bioactive components, the functional food & beverages sector creates goods that actively promote wellbeing and address particular health issues. The incorporation of bioactive substances into food and drink, from fortified beverages to functional snacks, not only improves nutritional profiles but also complies with changing consumer demands for goods that encourage a better lifestyle. The functional food & beverages industry, which adopts partnerships between food technologists, nutritionists, and researchers to deliver innovative, scientifically supported products, continues to influence the trajectory of the bioactive ingredients market as demand for personalized nutrition and preventive health measures increases.
Global Bioactive Ingredients Market, by Region, 2022
The Asia-Pacific bioactive ingredients market generated the highest revenue in 2022. Asia-Pacific has a considerable impact on the growth and development of the global market for bioactive ingredients. This region is known for its abundant biodiversity, which includes a large variety of plant and marine species that are sources of many bioactive chemicals. Strong herbal medicine and natural remedy traditions in countries like China, India, Japan, and South Korea have initiated substantial research into and use of bioactive components for a range of health & wellness purposes. The demand for bioactive substances in foods, dietary supplements, cosmetics, and pharmaceuticals across the region is further increased by rising consumer knowledge of and desire for natural and functional components. In addition, the region is a prominent player in the production of goods based on bioactive ingredients due to its manufacturing capabilities and proficiency in extraction, purification, and formulation techniques.
Competitive Scenario in the Global Bioactive Ingredients Market
Investment and agreement are common strategies followed by major market players. In August 2022, Benson Hill, Inc., a food technology company, and Archer Daniels Midland (ADM) Company, a global leader in alternative protein and nutrition products and solutions, announced a long-term strategic partnership to scale innovative soy ingredients that will help meet the rapidly increasing demand for plant-based proteins. Through the relationship, ADM will use an exclusive North American licensing arrangement to produce and promote a variety of patented components developed from Benson Hill ultra-high protein (UHP) soybeans.
Some of the leading bioactive ingredients market players are Sabinsa, Archer Daniels Midland Company (ADM), BASF SE, Cargill, Ingredion, Ajinomoto Co, Inc., Owen Biosciences, Inc., Mazza Innovation Ltd., Nuritas, and DuPont.
| Aspect | Particulars |
| Historical Market Estimations | 2020-2021 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Product |
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| Segmentation by Application |
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| Key Companies Profiled |
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Q1. What is the size of the global bioactive ingredients market?
A. The size of the global bioactive ingredients market was over $176.3 billion in 2022 and is projected to reach $371.1 billion by 2032.
Q2. Which are the major companies in the bioactive ingredients market?
A. Sabinsa and Archer Daniels Midland Company (ADM) are some of the key players in the global bioactive ingredients market.
Q3. Which region, among others, possesses greater investment opportunities in the future?
A. Asia-Pacific possesses great investment opportunities for investors in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Agreement and investment are the two key strategies opted by the operating companies in this market.
Q5. Which companies are investing more on R&D practices?
A. BASF SE, Cargill, Ingredion, and Ajinomoto Co, Inc. are the companies investing more on R&D activities for developing new products and technologies.
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1. RESEARCH METHODOLOGY
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
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2. REPORT SCOPE
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on Global Bioactive Ingredients Market
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on Bioactive Ingredients Market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
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5. Bioactive Ingredients Market, By Product
5.1. Overview
5.2 Fiber
5.2.1 Definition, key trends, growth factors, and opportunities
5.2.2 Market size analysis, by region, 2020-2027
5.2.3 Market share analysis, by country, 2020-2027
5.3 Vitamin
5.3.1 Definition, key trends, growth factors, and opportunities
5.3.2 Market size analysis, by region, 2020-2027
5.3.3 Market share analysis, by country, 2020-2027
5.4 Omega 3 PUFA
5.4.1 Definition, key trends, growth factors, and opportunities
5.4.2 Market size analysis, by region, 2020-2027
5.4.3 Market share analysis, by country, 2020-2027
5.5 Plant Extract
5.5.1 Definition, key trends, growth factors, and opportunities
5.5.2 Market size analysis, by region, 2020-2027
5.5.3 Market share analysis, by country, 2020-2027
5.6 Minerals
5.6.1 Definition, key trends, growth factors, and opportunities
5.6.2 Market size analysis, by region, 2020-2027
5.6.3 Market share analysis, by country, 2020-2027
5.7 Carotenoids & Antioxidants
5.7.1 Definition, key trends, growth factors, and opportunities
5.7.2 Market size analysis, by region, 2020-2027
5.7.3 Market share analysis, by country, 2020-2027
5.8 Probiotics
5.8.1 Definition, key trends, growth factors, and opportunities
5.8.2 Market size analysis, by region, 2020-2027
5.8.3 Market share analysis, by country, 2020-2027
5.9 Research Dive Exclusive Insights
5.9.1 Market attractiveness
5.9.2 Competition heatmap
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6. Bioactive Ingredients Market, By Raw Material
6.1. Overview
6.2 Functional Food & Beverages
6.2.1 Definition, key trends, growth factors, and opportunities
6.2.2 Market size analysis, by region, 2020-2027
6.2.3 Market share analysis, by country, 2020-2027
6.3 Dietary Supplements
6.3.1 Definition, key trends, growth factors, and opportunities
6.3.2 Market size analysis, by region, 2020-2027
6.3.3 Market share analysis, by country, 2020-2027
6.4 Clinical Nutrition
6.4.1 Definition, key trends, growth factors, and opportunities
6.4.2 Market size analysis, by region, 2020-2027
6.4.3 Market share analysis, by country, 2020-2027
6.5 Personal Care
6.5.1 Definition, key trends, growth factors, and opportunities
6.5.2 Market size analysis, by region, 2020-2027
6.5.3 Market share analysis, by country, 2020-2027
6.6 Research Dive Exclusive Insights
6.6.1 Market attractiveness
6.6.2 Competition heatmap
7. Bioactive Ingredients Market, By Region
7.1 North America
7.1.1 U.S
7.1.1.1 Market size analysis, By Product, 2020-2027
7.1.1.2 Market size analysis, By Raw Material, 2020-2027
7.1.2 Canada
7.1.2.1 Market size analysis, By Product, 2020-2027
7.1.2.2 Market size analysis, By Raw Material, 2020-2027
7.1.3 Mexico
7.1.3.1 Market size analysis, By Product, 2020-2027
7.1.3.2 Market size analysis, By Raw Material, 2020-2027
7.1.4 Research Dive Exclusive Insights
7.1.4.1 Market attractiveness
7.1.4.2 Competition heatmap
7.2 Europe
7.2.1 Germany
7.2.1.1 Market size analysis, By Product, 2020-2027
7.2.1.2 Market size analysis, By Raw Material, 2020-2027
7.2.2 UK
7.2.2.1 Market size analysis, By Product, 2020-2027
7.2.2.2 Market size analysis, By Raw Material, 2020-2027
7.2.3 France
7.2.3.1 Market size analysis, By Product, 2020-2027
7.2.3.2 Market size analysis, By Raw Material, 2020-2027
7.2.4 Spain
7.2.4.1 Market size analysis, By Product, 2020-2027
7.2.4.2 Market size analysis, By Raw Material, 2020-2027
7.2.5 Italy
7.2.5.1 Market size analysis, By Product, 2020-2027
7.2.5.2 Market size analysis, By Raw Material, 2020-2027
7.2.6 Rest of Europe
7.2.6.1 Market size analysis, By Product, 2020-2027
7.2.6.2 Market size analysis, By Raw Material, 2020-2027
7.2.7 Research Dive Exclusive Insights
7.2.7.1 Market attractiveness
7.2.7.2 Competition heatmap
7.3 Asia-Pacific
7.3.1 China
7.3.1.1 Market size analysis, By Product, 2020-2027
7.3.1.2 Market size analysis, By Raw Material, 2020-2027
7.3.2 Japan
7.3.2.1 Market size analysis, By Product, 2020-2027
7.3.2.2 Market size analysis, By Raw Material, 2020-2027
7.3.3 India
7.3.3.1 Market size analysis, By Product, 2020-2027
7.3.3.2 Market size analysis, By Raw Material, 2020-2027
7.3.4 Australia
7.3.4.1 Market size analysis, By Product, 2020-2027
7.3.4.2 Market size analysis, By Raw Material, 2020-2027
7.3.5 South Korea
7.3.5.1 Market size analysis, By Product, 2020-2027
7.3.5.2 Market size analysis, By Raw Material, 2020-2027
7.3.6 Rest of Asia-Pacific
7.3.6.1 Market size analysis, By Product, 2020-2027
7.3.6.2 Market size analysis, By Raw Material, 2020-2027
7.3.7 Research Dive Exclusive Insights
7.3.7.1 Market attractiveness
7.3.7.2 Competition heatmap
7.4 LAMEA
7.4.1 Brazil
7.4.1.1 Market size analysis, By Product, 2020-2027
7.4.1.2 Market size analysis, By Raw Material, 2020-2027
7.4.2 Saudi Arabia
7.4.2.1 Market size analysis, By Product, 2020-2027
7.4.2.2 Market size analysis, By Raw Material, 2020-2027
7.4.3 UAE
7.4.3.1 Market size analysis, By Product, 2020-2027
7.4.3.2 Market size analysis, By Raw Material, 2020-2027
7.4.4 South Africa
7.4.4.1 Market size analysis, By Product, 2020-2027
7.4.4.2 Market size analysis, By Raw Material, 2020-2027
7.4.5 Rest of LAMEA
7.4.5.1 Market size analysis, By Product, 2020-2027
7.4.5.2 Market size analysis, By Raw Material, 2020-2027
7.4.6 Research Dive Exclusive Insights
7.4.6.1 Market attractiveness
7.4.6.2 Competition heatmap
8. Competitive Landscape
8.1 Top winning strategies, 2020-2027
8.1.1 By strategy
8.1.2 By year
8.2 Strategic overview
8.3 Market share analysis, 2020-2027
9. Company Profiles
9.1 BASF
9.1.1 Overview
9.1.2 Business segments
9.1.3 Product portfolio
9.1.4 Financial performance
9.1.5 Recent developments
9.1.6 SWOT analysis
9.2 Cargill Inc.
9.2.1 Overview
9.2.2 Business segments
9.2.3 Product portfolio
9.2.4 Financial performance
9.2.5 Recent developments
9.2.6 SWOT analysis
9.3 DuPont
9.3.1 Overview
9.3.2 Business segments
9.3.3 Product portfolio
9.3.4 Financial performance
9.3.5 Recent developments
9.3.6 SWOT analysis
9.4 Archer Daniels Misland Company
9.4.1 Overview
9.4.2 Business segments
9.4.3 Product portfolio
9.4.4 Financial performance
9.4.5 Recent developments
9.4.6 SWOT analysis
9.5 Ajinomoto Co. Inc.
9.5.1 Overview
9.5.2 Business segments
9.5.3 Product portfolio
9.5.4 Financial performance
9.5.5 Recent developments
9.5.6 SWOT analysis
9.6 Ingredion Incorporated
9.6.1 Overview
9.6.2 Business segments
9.6.3 Product portfolio
9.6.4 Financial performance
9.6.5 Recent developments
9.6.6 SWOT analysis
9.7 and Owen Biosciences Inc.
9.7.1 Overview
9.7.2 Business segments
9.7.3 Product portfolio
9.7.4 Financial performance
9.7.5 Recent developments
9.7.6 SWOT analysis
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