The Global Bioactive Ingredients Market was worth $24.9 billion in 2016 and estimated to be growing at a CAGR of 7.1%, to reach $35.09 billion by 2021.
Bioactive ingredients improve several metabolic activities and have advantageous effects on many lifestyle related diseases. Bioactive compounds are broadly used due to its superior quality essential for cure of diseases. These mixtures can easily cure chronic or incurable diseases such as diabetes, cancer (at initial stages) and arthritis. Bioactive food categories have been gaining substantial attention due to aforementioned health benefit propositions.
Bioactive industry is continuously expanding because of augmented consumer awareness and health related fears. Factor such as elderly population is creating market opportunities for bioactive ingredients globally. The enhancement in the quality of ingredients with clinically approved ingredients and products arriving into the market is attaining trust of the consumers and is a major factor driving the bioactive ingredients market. In most of the countries, people are not aware of the idea of functional food and beverages which is acting as a restraint for the growth of the market.
Global market for Bioactive Ingredients is segmented by type into Prebiotics, Probiotics, Amino Acids, Peptides and Proteins, Omega 3 & Structured Lipids, Phytochemicals & Plant Extracts, Minerals, Vitamins, Fibers & Specialty Carbohydrates, Carotenoids & Antioxidants and Other Bioactive Ingredients. The bioactive ingredients market is segregated by application into Functional Food, Functional Beverages, Dietary Supplements, Animal Nutrition and Personal Care. Phytochemicals & plant extracts demonstrate to be the most accepted ingredients with the highest probable growth rate while functional beverages segment is attracting the health-conscious people.
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. The Asia-Pacific region is the leading market with growing population, urbanization, and disposable income in countries such as India and China.
Some of the key players functional in bioactive ingredients market consist of Arla Foods, Ingredion Incorporated Koninklijke DSM N.V., BASF SE, Ajinomoto Co. Inc., FMC Corporation, Cargill Incorporated, Archer Daniels Midland Company and Roquette.
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