The Functional Food Ingredients Market research report offers in-depth information to acknowledge the imperative parts of the market that align demand, raw materials, and capacity; this helps make strategic decisions. In addition, the analysis provides demands for the future, besides the available opportunities for an individual. The study focuses on industry chain analysis, upstream and downstream raw material suppliers, key players, production process analysis, cost analysis, market distribution channels, and major downstream buyers.
Functional Food Ingredients Market by Type (Probiotics, Prebiotics, Proteins & Amino Acids, Phytochemicals & Plant Extracts, Omega-3 Fatty Acids, Carotenoids, and Fibers & Specialty Carbohydrates), Source, Application, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Functional Food Ingredients Market Overview
The global functional food ingredients market size is estimated to be valued at USD 98.9 billion in 2021, recording a CAGR of 7.9% during the forecast period.
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Functional ingredients are those ingredients that have disease-preventing, energy-boosting, and health-promoting advantages. The elements that will be added to the end product are expected to be an extract from a natural source of the active ingredient.
The inclination toward nutritional and convenience food and the rise in demand for fortified food & beverage products are some of the factors that have supported long-term expansion for Functional Food Ingredients Market.
The prices of raw materials are projected to increase due to trade barriers, disruptions in the supply of raw materials, and inefficient distribution channels due to COVID-19. The non-availability and high cost of raw materials and high production costs are likely to create challenges for the growth of the global functional food ingredients market.
Functional Food Ingredients Market Regional Analysis
The North American region dominates the market in 2020. This dominance is driven by the prevalence of chronic diseases due to hectic lifestyles and increasing awareness among consumers regarding the health benefits of functional foods. In addition, the region has the highest prevalence of obesity.
Functional Food Ingredients Market Competitive Landscape
Key Players
• Archer Daniels Midland Co.
• Ashland Inc.
• Cargill
• CP Kelco
• EI DuPont De Nemours & Co.
• Fuerest Day Lawson Ltd.
• Ingredion Inc.
• Kerry Inc.
• Tate & Lyle PLC
• TIC Gums Inc.
• Associated British Foods
• Amway
• Nestle
• DMH Ingredients
• Ajinomoto Co. Inc.Market
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Recent Developments in The Functional Food Ingredients Market
• In May 2021, Cargill launched a new probiotic product named EpiCor, which is a dried yeast fermentate clinically shown in dietary supplement trials to beneficially modulate the gut microbiota and provide immune system support.
• In February 2021, Cargill and Manna Tree invested in Evolve BioSystems, Inc., which would help the company continue commercializing next-generation probiotics capable of addressing a widespread deficiency in the infant gut microbiome.
Reasons to Acquire Functional Food Ingredients Market Report
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Functional Food Ingredients Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Functional Food Ingredients Market is segmented into type, health benefits, application, source and region.
On the basis of Type
Probiotics
Proteins & amino acids
Phytochemicals & plant extracts
Prebiotics
Fibers & specialty carbohydrates
Omega-3 fatty acids
Carotenoids
Vitamins
Minerals
On the basis of Health Benefits
Gut health
Cardiovascular health
Bone health
Immunity
Nutritive health
Weight management
On the basis of Application
Food
Beverages
On the basis of Source
Natural
Synthetic
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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