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 |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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.
