The Bioactive Ingredients Global Market Report 2023, provides comprehensive information on the bioactive ingredients market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global bioactive ingredients market size is expected to grow from $41.97 billion in 2022 to $45.28 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bioactive ingredients market size is expected to reach $60.6 billion in 2027 at a CAGR of 7.6%.
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Product innovations are a key trend gaining popularity in the bioactive ingredients market. Major companies operating in bioactive ingredients are developing innovative products to sustain their position in the market. For instance, in April 2022, Demetrix, Inc., a US-based biotechnology business that specializes in developing and manufacturing bioactive compounds, announced the commercial-scale launch of a novel bioactive component, Arete-G, which is the company’s proprietary CBG and a rare cannabinoid present in the cannabis sativa plant. In vitro experiments using the Chorioallantoic Membrane Vascular Assay (CAMVA) and the Bovine Corneal Opacity and Permeability (BCOP) assay were used to assess CBG for eye discomfort. Neither of the CBG formulations examined (1% CBG cream or 10% CBG in caprylic/capric triglyceride) was found to be an irritant in the BCOP assay or CAMVA.
The bioactive ingredients market is segmented:
1) By Product: Fiber, Vitamins, Omega 3 PUFA, Plant Extracts, Minerals, Carotenoids And Antioxidants, Probiotics, Other Products
2) By Source: Plant, Animal, Microbial
3) By Application: Functional Food And Beverage, Dietary Supplements, Clinical Nutrition, Personal Care, Other Applications
North America was the largest region in the bioactive ingredients market in 2022.
The table of contents in TBRC’s bioactive ingredients market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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