Bioactive ingredients or compounds are extra nutritional constituents typically found in small amounts in plants and certain foods such as fruits, vegetables, nuts, oils, and whole grains. Bioactive ingredients have actions in the body that induce better health. Bioactive ingredients are said to be functional food in chronic diseases, promote bone health, and have neuroprotective effects.
Bioactive ingredients comprise of organic acids, omega-3 fatty acids, polyphenols, carotenoids, vitamins, nucleosides and nucleotides, and phytosterols. Bioactive ingredients are gaining increased popularity because of their numerous medicinal properties and rising exploitation in various commercial sectors such as food, chemical, cosmetics, and pharmaceutical industries. So, increased awareness and rising health concerns are primarily driving the growth of the bioactive ingredients market.
Health-Conscious Behavior of Consumers to Increase the Demand for Bioactive Ingredients
Consumers are inclining towards quality and healthy food that satisfies the necessity of nutritional supplements in the body. With expanding literacy, individuals are acquiring awareness in regards to the kinds of food and refreshments that assist in keeping a fair eating regimen and legitimate wellbeing. Producers are likewise contemplating the comfort and convenience factor for individuals and giving them nutritional food and beverages.
Rising Prevalence of Chronic Diseases to Induce the Growth of the Bioactive Ingredients Market
The health concerns generated in consumers due to the rising prevalence of chronic diseases and the ability of bioactive ingredients to help with it are going to increase the demand for these ingredients. The prevalence of diabetes mellitus (DM), a metabolic disturbance disease characterized by chronic hyperglycemia, has risen rapidly globally. Currently, a global population of 382 million people has been diagnosed with diabetes mellitus and this number is predicted to increase to 592 million by 2035. And, medicines for the treatment of diabetes are regarded with the high cost and adverse side effects making it increasingly important to find alternative agents for the treatment of diabetes and its complications having lower costs and fewer side effects.
Hence, consumers are now moving their dietary patterns from hunger fulfillment to the adoption of nutritional food to either satisfy the nutritional inadequacy in the body or to forestall the deficiency of significant nutrients. Moreover, the inclining adoption of bioactive ingredients for the treatment of various chronic diseases like obesity, insulin resistance, hypertension, chronic inflammation, dyslipidemia, and oxidative stress by pharmaceuticals and nutraceuticals companies is predicted to induce the growth of the bioactive ingredients market during the forecast period.
Increasing Utilization Across Various Industries to Drive the Growth of the Market
Bioactive ingredients are being increasingly utilized in various industries leading to the growth in the market size of bioactive ingredients. Owing to their ability to enhance skin and hair, bioactive ingredients are being increasingly used by the cosmetic industry in personal care products such as herbal creams, shampoos, and soaps. As a result, cosmeceuticals, which combine bioactive with personal care, are being widely used. In India, as per the Ministry of Economy and industry, the premium herbal segment of cosmetics is rising at 6.3%, as compared to 1.1% for the mass market. Bioactive ingredients are also utilized as a dietary supplement in various weight loss programs. Fuelled by the increasing demand for high-quality milk and meat, bioactive ingredients are used as animal feed for the proper growth and development of animals. Even though bioactive ingredients are naturally available in numerous different foods, they are being utilized as an additive and a processing aid too.
Bioactive ingredients, for the enhancement of their health-promoting properties, are generally added to foods or food products. Like, carotenoids, anthocyanins, and curcumin are the most widely used coloring bioactive ingredients. To prevent oxidation, ascorbic acid is one of the commonly used food additives. So, the increasing utilization of bioactive ingredients across various industries is expected to propel the growth of the market further in the forecast period.
Complex Extraction and Manufacturing Process to Restrain the Market Growth
However, the complex extraction and manufacturing procedure is the key factor predicted to restrain the growth of the bioactive ingredients market over the forecast period. That said, scientists are in search of the development of a standard single method for extracting bioactive ingredients from biological materials due to the major concern of researchers on minimizing the interference of unwanted materials that might coextract with the focused bioactive compounds. So, advances in extraction technologies are being researched for the isolation and purification of bioactive compounds from biological materials.
Asia-Pacific Region to Dominate the Market
Asia-Pacific is predicted to have the largest share of the bioactive ingredients market during the forecast period attributing to expanding buyer mindfulness and a high tendency of adoption towards nutritional products. Individuals are inclining towards healthy and balanced food that satisfies the prerequisite of fundamental nutrients in the body. Animal feed makers in these predominantly agriculture-based economies in the region will in general achieve more yield from animals when nutritious fixings are utilized in animal feed, which is further heightening the development of the bioactive ingredients market there. Additionally, inclining awareness and adoption of bioactive ingredients among medical care experts, and a prospering personal care industry utilizing bioactive ingredients in their items are some other imperative elements attesting to the development of the bioactive ingredients market in the Asia-Pacific region.
Europe Predicted to Register a Significant Growth Rate
However, Europe is predicted to enlist the most elevated growth rate during the forecast period owing to the rising medical administration expenditure, an increment in the prevalence of chronic illnesses, and expanding customer's inclination for natural and organic ingredients over synthetic and engineered ingredients. Lacking nutritional take-up because of the ebb and flow chaotic way of life and expanded co-solution of bioactive ingredients with the ordinary medications are key factors propelling the growth of the bioactive ingredients market in the European region. Moreover, the presence of major drug and nutraceutical market players is assessed to help drive the demand for bioactive ingredients further.