Bioactive ingredients in foods or dietary supplements, helps to meet the basic nutritional needs, which are responsible for advancing the health in humans. Bioactive ingredients are important for metabolic activities in the body and offers various health benefits, some examples include fiber, vitamins, omega 3 pufa, plant extracts, minerals, and carotenoids and antioxidants.
Major factors driving growth of the global bioactive ingredients market include increasing demand from food & beverages industry and increasing health awareness among individuals, coupled with increasing disposable income. Increasing adoption in pharmaceuticals industry to treat various chronic diseases and in cosmetic industry for production of personal care products are other factors expected to support growth of this market over the forecast period.
Rising demand for bioactive ingredients in alcoholic beverages manufacturing is another factor further expected to boost growth of this market. However, crucial extracting procedure and various factors such as pollution, soil quality, and attacks by pathogens are factors hampering growth of this market.
The global bioactive ingredients market has been segmented on the basis of product, application, and region. On the basis of products, the bioactive ingredients market has been segmented into fiber, vitamins, omega 3 pufa, plant extracts, minerals, carotenoids & antioxidants, and probiotics. Fiber accounted for major revenue share as compared to other product segments, owing to increasing adoption to treat cardiovascular diseases, and obesity.
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On the basis of region, the global bioactive ingredients market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is estimated to account for highest revenue share, owing to increasing demand for functional food products, hectic lifestyle, increased spending on healthy snacks, food, and beverages in countries in the region. The market in Europe is expected to account for second-highest revenue share, owing to increasing health awareness among consumers and presence of several market players in countries in the region. The market in Europe is followed by North America, Latin America, and Middle East & Africa.
Key players in the global bioactive ingredients market include BASF SE, Cargill Inc., E. I. du Pont de Nemours and Company, The Archer Daniels Midland Company, Ajinomoto Co. Inc., Ingredion Incorporated, Owen Biosciences Inc., FMC Corporation, Arla Foods amba.