World over, bioactive ingredients and products has been generating vast interest among health-conscious population for their beneficial effects on the metabolic processes of organisms. The rising demand for phytochemicals on promoting the health in humans is a key factor driving the global market. The growing application of various bioactive compounds in the food and beverages manufacturing industry is a notable factor accentuating the growth of the market. A report by Transparency Market Research (TMR) titled “Bioactive Ingredients & Product Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025”, offers a broad overview of various such trends and assesses the influence of key dynamics on the growth of the market in the years to come.
The growth of the bioactive ingredients and products market is catalyzed by the recent body of research establishing a positive link for key metabolic processes such as antioxidant activity, enzyme activity, and gene functioning. The use of bioactive compounds found in certain foods, fruits, and vegetables as promising candidates in treating diabetes, cancer, hypertension, and cardiovascular ailments is propelling the growth of the market. In this regard, the rising prevalence of chronic diseases among an elderly population world over is favoring the rapid expansion of the market.
The rising usage of bioactive compounds to increase agricultural yield is boosting the market. The role played by bioactive compounds sourced in enhancing the color, aroma, and flavor of the crop augurs well for the demand. The rising application of these bioactive products in making functional foods and beverages is also fueling the growth of the market. Substantial research in increasing the bioavailability of these compounds such as polyphenols, anthocyanins, prebiotics, flavonoids, carotenoids, and carnitine, are helping in the swift expansion of the market.
The growing usage of bioactive ingredients and products for making a variety of personal care products and in animal nutritional products is a notable factor boosting the market. Industry initiatives to enhance the sensory properties of various bioactive ingredients and to increase their bioavailability will bolster its application in food and beverages industry in the year to come.
However, the growth of the market is also hindered by few setbacks. The high cost of processing and treatment of bioactive compounds and protracted approval of new products are factors impeding the market.
Regionally, bioactive ingredients and their products are expected to witness substantial uptake in several economies of North America, Asia Pacific, and Europe. The growing awareness among the regional populations about the positive effect of the metabolic processes of bioactive ingredients is fueling the demand in these regions.
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Some of the prominent players operating in the bioactive ingredients and products market are Archer Daniels Midland Co., Cargill Inc., Ingredion Inc., FMC Corporation, Ajinomoto Co. Inc., DSM, Granarolo Group, Alpro UK Ltd, and Vitasoy.