The wide utilization of raw ingredients from the agroindustry is the latest trend in cosmetic formulations. Additionally, during the last three decades, the vast consumption of herbal medical goods and supplements has increased, with more than 80% of people worldwide depending on them for some aspect of primary healthcare. Bioactive substances are extensively utilized in many sectors, including medicines and nutraceuticals, food and drinks, personal care items, and animal feed.
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Data Bridge Market Research analyses that the Global Bioactive Ingredient Market is expected to reach USD 62,015,806.42 thousand by 2028 from USD 35,232,123.01 thousand in 2020, growing with a substantial CAGR of 7.7% in the forecast period of 2021 to 2028. The increasing demand for bioactive ingredient across the pharmaceutical sector will provide potential opportunities for the market growth in the forecast period.
Increased demand of bioactive ingredients in functional food is expected to drive the market's growth rate
The global demand for bioactive ingredients is increasing with the consumption of functional foods. The wide use of functional foods and beverages has grown because people are becoming more aware of their health and nutritional advantages. This led to a high demand for bio-ingredients, influencing the growth of the global bioactive ingredient market.
For instance,
- Agar is a natural seaweed extract that is obtained from a variety of red algae species, does not add extra calories to food
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Ingredient Type (Prebiotics, Probiotics, Amino Acid, Peptides, Omega 3 And Structured Lipi, Phytochemicals & Plant Extracts, Minerals, Vitamins, Fibers And Specialty Carbohydrates, Carotenoids And Antioxidants And Others), Application (Functional Food, Dietary Supplements, Gummy Supplements, Animal Nutrition, Personal Care And Others) and Source (Plant, Animal And Microbial)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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DSM (Netherlands), BASF SE (Germany), Kerry Group plc (Ireland), DuPont (U.S.), ADM, Global Bio-chem Technology Group Company Limited (Hong Kong), Evonik Industries AG, Cargill, Incorporated.(U.S.), Arla Food Ingredients Group P/S (Denmark), Sunrise Nutrachem Group Co.,LTD (China), Adisseo (China), Chr. Hansen Holding A/S (Denmark), Sabinsa (U.S.), Ajinomoto Co., Inc.(Japan), Novus Animal Nutrition (India) Private Limited (India), Ingredion, Roquette Frères (France), Advanced Animal Nutrition Pty Ltd (France)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
Global bioactive ingredient market is segmented into three notable segments which are based on the ingredient type, application and source.
- On the basis of ingredient type, the global bioactive ingredient market is segmented into prebiotics, probiotics, amino acid, peptides, omega 3 and structured lipi, phytochemicals & plant extracts, minerals, vitamins, fibers, and specialty carbohydrates, carotenoids and antioxidants and others.
The peptides segment of ingredient type is anticipated to dominate the bioactive ingredient market
The peptides segment is expected to dominate global bioactive ingredient market a CAGR of 8.7% in the forecast period of 2021 to 2028 since peptides are more widely used to make different types of healthy food products that increase its demand globally.
- On the basis of application, global bioactive ingredient market is segmented into functional food, dietary supplements, gummy supplements, animal nutrition, personal care and others.
The functional food segment of application type is anticipated to dominate the bioactive ingredient market
The functional food segment is expected to dominate global bioactive ingredient market with a CAGR of 9.6% in the forecast period of 2021 to 2028 because of the benefit of these types of food in providing strength that increases its demand in the region
- On the basis of source, global bioactive ingredient market is segmented into plant, animal and microbial. The plant segment is expected to dominate global bioactive ingredient market with a CAGR of 8.2% in the forecast period of 2021 to 2028 since plant-based products contain a huge amount of water that helps the body to function smoothly.
Major Players
Data Bridge Market Research recognizes the following companies as the major bioactive ingredient market players in bioactive ingredient market are DSM (Netherlands), BASF SE (Germany), Kerry Group plc (Ireland), DuPont (U.S.), ADM, Global Bio-chem Technology Group Company Limited (Hong Kong), Evonik Industries AG, Cargill, Incorporated.(U.S.), Arla Food Ingredients Group P/S (Denmark), Sunrise Nutrachem Group Co.,LTD (China).
Market Development
- In 2021, Chr. Hansen Holding A/S launched a new solution to improve the health and performance of dairy and beef cattle. This will give a flexible probiotic that may be utilized in several feed applications.
- In 2021, DuPont Nutrition & Biosciences launched a new product called HOWARD Calm, targeted at supporting dietary supplement producers in breaking the cycle of customer stress. The implementation was carried out to respond to the market's increasing customer demand
- In 2020, Sabinsa launched a new herbal extract element, 'Curcumins,' that helps to boost the immune system. It was implemented to bring a new solution to the market, especially during COVID-19.
Regional Analysis
Geographically, the countries covered in the bioactive ingredient market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
North America is the dominant region in bioactive ingredient market during the forecast period 2023 to 2030
North America dominates the bioactive ingredient market because of the increasing health supplements in the region. Furthermore, Germany is leading the market due to increasing demand of animal nutrition products
Asia-Pacific is estimated to be the fastest-growing region in bioactive ingredient market the forecast period 2023 to 2030
Asia-Pacific is expected to grow from 2023 to 2030 due to the increasing demand for functional foods. Also. China is leading the growth of the Asia-Pacific market because of the increasing elderly population.
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