The global functional food ingredients market size was worth around USD 16.52 billion in 2023 and is predicted to grow to around USD 30.58 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.2% between 2024 and 2032.
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Market overview of functional food ingredients
Added to food items to offer health advantages beyond simple nutrition, functional food additives are bioactive molecules. Among others, these components can be vitamins, minerals, probiotics, prebiotics, antioxidants, fibers, proteins, and omega-3 fatty acids. Functional food components seek to assist illness prevention, improve health and well-being, and increase physical and mental performance. Common goods include fortified cereals, dairy products, beverages, and dietary supplements feature them; they are developed to address particular health issues like digestive health, heart health, immune support, and cognitive performance.
Along with the effects on demand during the projection period, the study covers drivers and restraints for the functional food ingredient market. The paper also looks at worldwide chances and hazards to functional food ingredients market.
Furthermore included is a study of Porter’s Five Forces model for the functional food components industry in order to grasp the competitive scene in the sector. The study includes a market attractiveness analysis in which every segment is benchmarked in line with their market size, growth rate, and general appeal.
Market for Functional Food Ingredients: Developmental Agents
Rising consumer knowledge of the link between nutrition and health will help to drive demand for foods with extra health advantages, therefore supporting the functional food component market. The growing frequency of chronic diseases and lifestyle-related health problems including obesity, diabetes, and cardiovascular diseases motivates the acceptance of functional foods as preventive actions. New and more successful functional ingredients are made possible by developments in food technology and nutritional research.
Furthermore supporting market expansion is the growing trend toward personalized nutrition, in which people search for foods catered to their particular health requirements and tastes. Furthermore driving functional food component usage are regulatory backing and a growing global middle class with rising spending incomes.
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The Global Functional Food Ingredients Market is segmented based on product, application and region
Global Functional Food Ingredients Market: Product Segment Analysis
● Probiotics
● Proteins and Amino Acids
● Phytochemical and Plant Extracts
● Prebiotics
● Fibers and Specialty Carbohydrates
● Omega-3 Fatty Acids
● Carotenoids
● Vitamins
● Minerals
Global Functional Food Ingredients Market: Application Segment Analysis
● Dairy Products
● Bakery Products
● Confectionery Products
● Meat and Meat Products
● Infant Food
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The Global Functional Food Ingredients market profiles key players such as:
● Cargill
● Archer Daniels Midland Company
● Koninklijke DSM N.V.
● Dow Du Pont
● BASF SE
● Arla Foods
● Royal Cosun
● Ingredion Incorporated
● Arla Foods
● Tate & Lyle
● Ajinomoto
● Kerry Group
● BENEO
● Chr. Hansen
● Kemin Industries
Market for Functional Food Ingredients: Regional Analysis
With its further segmentation into major countries such the U.S., Germany, France, UK, China, Japan, India, and Brazil, the regional segmentation comprises the current and anticipated demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is probably going to hold a significant share over the next projection period and provide chances for functional food ingredients market development. Particularly the developing nations of China and India, the Asia Pacific functional food ingredients market is expected to have a clear revenue share in the future.
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