Global Bioactive Ingredients Market Size 2024, Forecast To 2033

The bioactive ingredients market has witnessed robust growth in recent years, with projections indicating an increase from $45.28 billion in 2023 to $48.8 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.8%. This growth in the historical period can be attributed to heightened health consciousness among consumers, the rising incidence of chronic diseases prompting the adoption of preventive health measures, expansion of the aging population demographic, increased demand for natural products with health benefits, and the growing popularity of functional foods and beverages. Moving forward, the bioactive ingredients market is expected to sustain strong growth in the coming years, projected to reach $66.19 billion by 2028, maintaining a compound annual growth rate (CAGR) of 7.9%. The anticipated growth drivers include the increasing focus on immune health bolstered by recent health crises, rising consumer demand for plant-based products perceived as healthier alternatives, expansion of the beauty and cosmetics industry incorporating bioactive ingredients, growth of the nutraceuticals and functional supplements market, and the global emphasis on sustainable and ethical practices across industries. Major trends expected in the forecast period encompass rising consumer awareness and demand for functional foods enriched with bioactive ingredients, expanding applications in nutraceuticals and dietary supplements targeting health and wellness, the focus on natural and plant-based sources for bioactive compounds, ongoing innovations in extraction and processing technologies to enhance bioavailability, and the integration of health and wellness as a lifestyle choice shaping consumer preferences.