Market Size of Global Bioactive Ingredients Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 147.64 Billion |
| Market Size (2029) | USD 221.03 Billion |
| CAGR (2024 - 2029) | 8.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bioactive Ingredients Market Analysis
The Global Bioactive Ingredients Market size is estimated at USD 147.64 billion in 2024, and is expected to reach USD 221.03 billion by 2029, growing at a CAGR of 8.40% during the forecast period (2024-2029).
- Over recent years, consumers have increasingly become concerned about the quality of ingredients used in foods and beverages. In addition, the growing prevalence of risk factors, such as obesity, diabetes, stress, and high blood pressure, has increased awareness about the need for a healthy diet to stay fit. These factors encourage vendors to introduce innovative products with high nutritional value, thereby fueling the market growth of bio ingredients.
- The consumer demand for functional food is also increasing worldwide owing to consumers' changing lifestyles. Due to this, ingredients like probiotics, vitamins, minerals, and plant extracts are added to the food to increase its functionality and benefits. For instance, in January 2022, BASF launched Peptovitae, a series of four patented peptides developed by partnering with Korea-based biomimetic peptide R&D company Caregen.
- Apart from the growing adoption of health and wellness food products, the shift in demand from synthetic to natural beta-carotene and the increasing adoption of organic and natural ingredients, followed by ongoing veganism, are other major factors that will boost the market growth over the medium term. Thus, the key market players are actively adopting various strategies to penetrate the plant extract segment, as it is perceived to be a promising market in the future.
- For instance, in May 2022, Leaven Essentials, an India-based start-up, launched herbal and botanical extracts for nutraceuticals, food and beverages, and the pharmaceutical sector. The plant extracts include curcumin, ashwagandha, Boswellia, and green tea. Over the long term, the demand for bioactive ingredients will increase due to the increasing demand for nutraceuticals and functional food.
Bioactive Ingredients Industry Segmentation
Bioactive ingredients are the constituents of food or dietary supplements that are consumed other than for basic nutritional needs. Bioactive ingredients provide extra nutrition and health after consumption'.
The bioactive ingredients market is segmented by ingredient type, application, and geography. By ingredient, the market is segmented into probiotics and prebiotics, omega-3 fatty acids, vitamins, carotenoids, plant extracts, minerals, amino acids, proteins, and peptides. Vitamins are further segmented into vitamins A, B, C, and others. Based on application, the market studied is segmented into food and beverage, dietary supplement, animal nutrition, personal and beauty care, and pharmaceutical. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
For each segment, the market sizing and forecasts have been done based on value (in USD million).
| Ingredient Type | ||||||
| Probiotics and Prebiotics | ||||||
| Omega-3 Fatty Acids | ||||||
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| Carotenoids | ||||||
| Plant Extracts | ||||||
| Minerals | ||||||
| Amino Acids, Proteins, and Peptides |
| Application | |
| Food and Beverages | |
| Dietary Supplements | |
| Animal Nutrition | |
| Personal and Beauty Care | |
| Pharmaceutical |
| Geography | ||||||||
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Global Bioactive Ingredients Market Size Summary
The bioactive ingredients market is experiencing significant growth, driven by increasing consumer awareness about the quality of food and beverage ingredients and the rising prevalence of health issues such as obesity, diabetes, and high blood pressure. This awareness has led to a demand for functional foods enriched with probiotics, vitamins, minerals, and plant extracts, which are perceived to offer enhanced health benefits. The market is further bolstered by a shift from synthetic to natural ingredients, with a growing preference for organic and vegan options. Key players in the industry are actively innovating and expanding their product offerings, such as BASF's launch of Peptovitae and Leaven Essentials' introduction of herbal extracts, to cater to this evolving consumer demand.
The demand for bioactive ingredients is also fueled by the increasing popularity of dietary supplements, particularly in regions with aging populations like Japan and China, where there is a rising need for health-conscious products. The market is characterized by a fragmented landscape with both regional and global players, including prominent companies like Archer Daniels Midland, BASF, and DuPont. These companies are engaging in strategic partnerships and acquisitions to enhance their product portfolios and meet the growing demand for plant-based and sustainable ingredients. Initiatives such as FrieslandCampina's collaboration with Triplebar Bio Inc. and ADM's partnership with Benson Hill highlight the industry's focus on innovation and sustainability in response to changing consumer preferences.
Global Bioactive Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Ingredient Type
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2.1.1 Probiotics and Prebiotics
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2.1.2 Omega-3 Fatty Acids
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2.1.3 Vitamins
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2.1.3.1 Vitamin A
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2.1.3.2 Vitamin B
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2.1.3.3 Vitamin C
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2.1.3.4 Others
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2.1.4 Carotenoids
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2.1.5 Plant Extracts
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2.1.6 Minerals
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2.1.7 Amino Acids, Proteins, and Peptides
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2.2 Application
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2.2.1 Food and Beverages
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2.2.2 Dietary Supplements
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2.2.3 Animal Nutrition
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2.2.4 Personal and Beauty Care
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2.2.5 Pharmaceutical
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East & Africa
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Global Bioactive Ingredients Market Size FAQs
How big is the Global Bioactive Ingredients Market?
The Global Bioactive Ingredients Market size is expected to reach USD 147.64 billion in 2024 and grow at a CAGR of 8.40% to reach USD 221.03 billion by 2029.
What is the current Global Bioactive Ingredients Market size?
In 2024, the Global Bioactive Ingredients Market size is expected to reach USD 147.64 billion.
