PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250735
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250735
According to Stratistics MRC, the Global Bioactive Ingredients Market is accounted for $27 billion in 2022 and is expected to reach $45 billion by 2028 growing at a CAGR of 9.1% during the forecast period. The elements that might reinstate, assistance, and nurture the inner workings of the skin are called bioactive ingredients, which can be found in the forms of thiolated as well as hydrogenated, esterified, and glycosylated. Bioactive ingredients are created using cutting-edge innovation, proven research techniques, and sound science. The bioactive compounds are good for several metabolic processes and have positive benefits in the treatment of coronary heart disease, hypertension, cancers, and macular degeneration. They are also safer for consumption and healthier for the environment. Moreover, bioactive compounds can treat disorders like starvation, rickets, and anaemia that are brought on by a lack of a balanced diet and inadequate nutrient intake.
According to data provided by the UN, around 55% of the world's population resided in urban regions in 2018, and it is anticipated that this percentage would increase throughout the course of the anticipated time.
Rising healthcare costs and increasing consumer health awareness
Due to increased spending on healthcare and consumer health awareness, the market for bioactive chemicals is growing. Due to greater consumer knowledge of health issues, increasing concentration on athleticism, increased subjective incomes, and the urbanisation of developing countries, the market for bioactive chemicals is rising. Progressive a tendency that has affected wellness viewpoints for decades is that consumers who are interested in their healthcare and very well are seeking alternatives to information that is based on fear. Consumers view sincerity, authenticity, and awareness as the three foundational elements of convergence.
Complex extraction and manufacturing processes
The international demand for bioactive products and ingredients is constrained by stringent regulations on rising administration costs, therapeutic health consequences, and governing body approval of new goods. Some elements that are anticipated to obstruct the expansion of the worldwide bioactive ingredient market during the projection period include complex extraction and manufacturing procedures.
Technological advancements
Technical advancements in bioactive chemical extraction are being made in the industry. Several cutting-edge techniques, such as high pressure extraction, sub - critical and supersonic extraction methods, microwave- as well as ultrasound-assisted extractions, etc., are used to extract bioactive chemicals from natural sources. Pressurized-liquid extraction has supplanted the conventional solvent extraction approach. Examples of high pressure extraction include pressured and accelerated solvent at extreme heat of 50 to 200 C and 1450 to 2175 psi. It enables rapid and efficient extraction of bioactive substances using less solvents.
High cost of functional food and beverages
The natural components used to make the food products are more expensive than those used to make other types of food and beverages. As instance, dry beverage mixtures are inexpensive to travel and give high nutrition, removing the need for functional liquids. On the opposite hand, the production and marketing aspects of foods and beverages are extremely difficult, unreliable, and expensive.
Due to increased efforts to conduct research and development for bioactive components for COVID-19 therapy, administration, and prevention, as well as a rise in the number of people affected by the disease globally, the COVID-19 pandemic has significantly boosted the market for bioactive components. Moreover, natural bioactive compounds produced from plants are helpful in the fight against SARS and the Middle East Respiratory Disease (MERS) (MERS). Emodin, flavonoids, isoflavones, polysaccharides, lectin, thymoquinone, sterols, saponins, gallic acid, quercitin, and other compounds are among the most promising natural bioactives against the COVID-19 infection.
The Probiotics segment is expected to be the largest during the forecast period
The Probiotics segment is estimated to have a lucrative growth. Yeast and bacteria known as probiotics help humans and other animals maintain a balanced microbial ecosystem in their digestive tracts. Optimal digestion is ensured by the probiotics component, which supports the body's natural digestive juices and enzymes. They can be ingested or taken as supplements. The growing inclination of consumers for natural and organic goods is the key factor driving the market expansion. Probiotics are growing in popularity as consumers' worries about preventative healthcare and the benefits of probiotic microorganisms on health grow.
The animal nutrition segment is expected to have the highest CAGR during the forecast period
The animal nutrition segment is anticipated to witness the fastest CAGR growth during the forecast period. Animal nutrition, which comprises vitamin, macros, mineral elements, amino, enzymes, and eubiotics, is necessary for efficient production of milk and meat, good bone formation, and reproduction. High-quality animal-based food items like milk, eggs, and meat are produced as a result of the amino acid replenishment required for protein synthesis, transport, and storage of other nutrients. The animal nutrition segment is being interrupted as a result of dairy operations expanding their use amino acids to suit the immediate needs.
Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing urbanisation, rising disposable income, and shifting consumer preferences towards a healthy diet. The availability of biotech processes like biomass conversion, microorganisms fermentation, as well as plant tissue culture is facilitating the transformation of the flavourings of the food as well as vegetables to the flavours that have nutrient benefit because of the rising consumption among the population for nutritional supplements and functional food ingredients as the majority of the residents of the geographical area are particularly worried about the intake of nutritious nutrients.
Europe is projected to have the highest CAGR over the forecast period, owing to due to rising health care costs, a rise in lifestyle diseases, and a growing preference among consumers for natural and organic ingredients over synthetic ones. Some of the key factors influencing the growth of the bioactive ingredient market in the region include inadequate nutrition uptake caused by the current hectic lifestyle and a rise in the co-prescribing of bioactive ingredients with the normal drugs.
Some of the key players profiled in the Bioactive Ingredients Market include DuPont de Nemours, Inc., Sabinsa , Mazza Innovation Ltd , Archer-Daniels-Midland Company, Owen Biosciences Inc., Cargill, Incorporated, BASF SE, Lonza Group Ltd., Koninklijke DSM NV, Nestle SA, Roquette Freres SA, Herbalife Nutrition Ltd., Clariant AG and Evonik Industries AG.
In Oct 2022, Cargill signed an agreement with Unitec Foods, a Japan-based food formulator, and Fuji Nihon Seito Corporation, a company engaged in sugar manufacturing. Under this agreement, companies would enhance innovation and go-to-market for food ingredients solutions across Japan and Asia Pacific region. Moreover, this agreement would improve available business relationships by enhancing the specialization and strength of the three enterprises.
In Jun 2022, Cargill signed an agreement to acquire Delacon, the expert in plant-based phytogenics additives. Through this acquisition, Cargill's animal health technologies would be integrated with Delacon's phytogenics to offer better animal productivity and wholesome, sustainable food production.
In Feb 2022, Sabinsa launched CurCousin, a turmeric extract. The product consists of bioactive Calebin A, a curcumin analog present naturally in Curcuma caesia and Curcuma longa. The product helps in balancing cholesterol and supports healthy blood circulation and blood sugar levels.
In Jan 2022, BASF introduced Peptovitae, a series of four patented peptides including Peptovitae™ Matrix, Peptovitae™ Bright, Peptovitae™ Clear, and Peptovitae™ Derma, that shows the latest generation of scientifically developed biomimetic peptides. The series addresses a vast spectrum of sin concerns that are traditionally related to the usage of peptides.
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