MARKET OVERVIEW:

The term functional food ingredients are used for ingredients having the capability to add additional cost to food. Global Functional Food Ingredients Market was worth USD 2230.8 million in 2018 and estimated to be growing at a CAGR of 6%, to reach USD 2985.31 million by 2023.

DRIVERS & RESTRAINTS OF THE MARKET:

The growing demand for fortified foods, the ever-increasing food problems associated with modern lifestyles, the prevalence of chronic diseases leading consumers to adopt healthier food products, and the increasing awareness of the fact that diet and eating habits are strengthened are factors driving the growth of the market.
However, market growth is hindered by factors such as strict government legislation, limited availability of ingredients, and high costs.
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REPORT SEGMENTED AS:

Based on Type:

Protein
Vitamin
Mineral
Prebiotic and Probiotic
Hydrocolloid
Essential Oil
Fatty Acid
Carotenoid
Based on Application:

Food
Beverage
Based on Health Benefit:

Gut
Bone
Health
Immunity
Nutrition
Others
GEOGRAPHICAL SEGMENTATION:

Geographically, the Global Functional Food Ingredients Market is segmented into North America, Asia-Pacific, Europe, Latin America and the Middle East and Africa. North America is the market leader owing to the well-established food industry and increasing demand for fortified food products. Asia-Pacific is the fastest growing market due to factors like the ever-increasing population with disposable incomes that increase the affordability of fortified foods and improved economic conditions.

KEY MARKET PLAYERS:

Archer Daniels Midland Company
Cargill Incorporated
Koninklijke DSM N.V.
BASF SE
Arla Foods
Tate and Lyle PLC
Ingredion Incorporated
Kerry Group PLC
I. Du Pont De Nemours and Company
Associated British Foods
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THE SCOPE OF THE REPORT:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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