PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346930
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346930
The global bioactive ingredients market size is expected to reach USD 179.93 billion by 2032, according to a new study by Polaris Market Research. The report "Bioactive Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Vitamins, Minerals, Amino Acids, Probiotics and Prebiotics, Omega-3 Fatty Acids, Plant Extracts, Others); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The bioactive ingredients market has grown substantially due to rising consumer demand for natural and healthy products. These ingredients, derived from natural sources, are used in various industries, such as food and beverages, pharmaceuticals, cosmetics, and dietary supplements. They provide nutritional benefits, improve flavor, extend shelf life, and offer health advantages.
The COVID-19 pandemic had a significant impact on the market. Initially, disruptions occurred due to supply chain challenges and reduced manufacturing activities. The closure of food service establishments also led to a decline in demand. However, the pandemic also increased consumer focus on health, increasing interest in natural and functional foods. This created opportunities for bioactive ingredients as consumers sought immune-boosting products.
Additionally, the pharmaceutical industry witnessed increased demand for bioactive ingredients, particularly those with antiviral and immune-boosting properties. Research and development activities in this sector have accelerated, exploring the potential of bioactive ingredients for novel drugs and therapies. Overall, the market has faced challenges but also benefited from the changing consumer landscape and increased health and wellness awareness.
Functional food and beverage applications dominated the industry due to the rising interest in preventive healthcare and diverse product offerings.
Asia-Pacific led the global bioactive ingredients market due to increased nutrition and health awareness, especially during the pandemic.
The global key market players include: Ajinomoto Co., Inc., FMC Corporation, Koninklijke DSM N.V., Arla Foods amba, BASF SE, Cargill Inc., E. I. du Pont de Nemours and Company, Mazza Innovation Ltd, Ingredion Incorporated, Archer Daniels Midland Company, Sabinsa Corporation, and Roquette Freres.
Polaris Market Research has segmented the Bioactive Ingredients market report based on type, application, and region: