The bioactive ingredients market is undergoing significant transformations, reflecting the changing dynamics of industries such as food and beverages, pharmaceuticals, and cosmetics. Bioactive ingredients are compounds derived from natural sources that exert a positive impact on health when consumed or applied. One prevailing trend in the bioactive ingredients market is the increasing consumer awareness and demand for health and wellness products. As individuals become more conscious of their well-being, there is a growing interest in products enriched with bioactive ingredients known for their health-promoting properties. This trend is particularly evident in the food and beverage industry, where products fortified with bioactive compounds, such as antioxidants, probiotics, and omega-3 fatty acids, are gaining popularity.
In the pharmaceutical sector, bioactive ingredients are playing a crucial role in drug development and disease prevention. Researchers are exploring the therapeutic potential of various bioactive compounds in addressing chronic diseases, inflammation, and metabolic disorders. This trend signifies a shift towards a more holistic approach to healthcare, with a focus on preventive and natural remedies. The pharmaceutical industry's increasing interest in bioactive ingredients is driving innovation and contributing to the development of novel drugs and treatments.
Furthermore, the cosmetic and personal care industry is witnessing a surge in the use of bioactive ingredients in skincare and beauty products. Consumers are seeking natural and sustainable alternatives, leading cosmetic manufacturers to incorporate bioactive compounds known for their skin-rejuvenating and anti-aging properties. Bioactive ingredients like vitamins, peptides, and botanical extracts are becoming key components in formulations designed to enhance skin health and appearance. This trend aligns with the broader movement towards clean and green beauty, where consumers prioritize products that are not only effective but also environmentally friendly.
In addition to the health and wellness focus, sustainability is emerging as a significant trend in the bioactive ingredients market. Consumers are increasingly mindful of the environmental impact of their choices, prompting industries to adopt more sustainable practices. This has led to a rise in the demand for bioactive ingredients sourced from renewable and eco-friendly raw materials. Manufacturers are exploring innovative extraction methods and investing in sustainable sourcing to meet the growing consumer demand for environmentally conscious products. This sustainability trend is reshaping the bioactive ingredients market and influencing the entire supply chain, from ingredient sourcing to product packaging.
Moreover, the market is witnessing a shift towards personalized nutrition and functional foods. As consumers seek products tailored to their individual health needs and preferences, the bioactive ingredients market is responding with a variety of personalized nutrition offerings. This includes functional foods and dietary supplements formulated with specific bioactive compounds to address targeted health concerns. The customization trend reflects the increasing recognition that individuals have unique nutritional requirements, and bioactive ingredients can play a role in meeting these specific needs.
Bioactive Ingredients Market is expected to grow at a considerable rate of 7.3 percent, reaching a market value of USD 51.73 billion. Bioactive chemicals are protected from undesired interactions and oxidation using recent technical breakthroughs such as microencapsulation. Manufacturers are increasingly looking for solutions to increase productivity while maintaining appropriate product quality. Swelling use of bioactive compounds by pharmaceutical and nutraceutical firms to treat various chronic conditions is likely to drive market expansion over the forecast period. Due to their capacity to enhance skin and hair, bioactive components are also employed in various weight reduction programs as nutritional supplements and beauty products such as herbal lotions, shampoos, and soaps.
The extraction of these bioactive compounds from their natural sources opens up a plethora of possibilities for adding value to food products while also improving the dietary habits of today's consumers. Â Apart from the growing usage of health and wellness food product lines, the change in supply from synthetic to natural beta-carotene, as well as the growing adoption of natural and organic ingredients, as well as the ongoing trend of veganism, are some other main determinants that will drive market growth over the forecast period.
The global bioactive ingredients market has been segmented based on ingredient type, application, source, and region.
By ingredient type, the global bioactive ingredients market has been classified as a probiotic, prebiotic & amino acid, omega three fatty acids, phytoextract, carotenoids, and others.
Based on application, the global bioactive ingredients market has been classified as food & beverages, pharmaceuticals & nutraceuticals, personal care, animal feed, and others.
By source, the global bioactive ingredients market has been classified as a plant, animal, and microbial.
The global bioactive ingredients market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American bioactive ingredients market has further been segmented into the US, Canada, and Mexico. The European bioactive ingredients market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The bioactive ingredients market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The bioactive ingredients market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Bioactive Ingredients Market Share (%), by Region, 2018 Â
Source: Secondary Sources and MRFR Analysis
Asia-Pacific is expected to dominate the bioactive ingredients market during the forecast period owing to increasing consumer awareness and high inclination towards healthy products. People are turning towards healthy food that fulfill the requirement of essential nutrients in the body. Animal feed manufacturers tend to attain more output from animals when nutritious ingredients are used in animal feed, which is further escalating the growth of the bioactive ingredients market in the region. Also, increasing awareness about bioactive ingredients among healthcare professionals, and a flourishing personal care industry using bioactive ingredients in their products are some other vital factors affirming the growth of global bioactive ingredients market.
However, Europe is expected to register the highest growth rate during the forecast period due to rising health care expenditure, an increase of lifestyle diseases, and increasing consumer’s preference for natural and organic ingredients over synthetic ingredients. Inadequate nutrition uptake due to the current hectic lifestyle and increased co-prescription of bioactive ingredient with the regular drug are some of the major drivers for the bioactive ingredient market growth in the region. Furthermore, the existence of established pharmaceutical and nutraceutical industries is estimated to boost the regional market share.
Recent Development
Mar 2022 Demetrix, a biotechnology business that makes bioactive chemicals, announced its commercial manufacturing campaign for cannabigerol in 2022. (CBG). Initial global clients in the personal care and nutrition industries have agreed to buy over 70% of our total output this year, generating multi-million-dollar revenue in 2022. This is the first of several successful commercial productions runs Demetrix will accomplish to service a growing external customer base this year.
Mar 2022 Prodalim Resources Ltd will demonstrate prototypes of their Capsoil FoodTech platform, which converts bioactive oil molecules into water-soluble powders, such as fat-soluble vitamins, nutritious oils, and lipid-based minerals. Oil-based substances may be transformed into an ultra-fine, water-soluble,self-emulsifying powder using the Capsoil FoodTech platform, making them easier to incorporate into a wide range of foods, drinks, and expanded forms of nutritional supplements.
Intended Audience
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