Global Functional Food Ingredients Market, By Type (Probiotics, Prebiotics, Proteins & Amino Acids, Phytochemical & Plant Extracts, Omega-3 Fatty Acids, Carotenoids, Fibers & Specialty Carbohydrates, Vitamins, Minerals), Source (Natural Source, Synthetic Source), Application(Food, Beverages), Health Benefit(Gut Health, Heart Health, Bone Health, Immunity , Nutritive Health , Weight Management), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025.
Market Analysis: Global Functional Food Ingredients Market
The Global Functional Food Ingredients Market is expected to reach USD 110 billion by 2025, from USD 67 billion in 2017 growing at a CAGR of 6.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Functional Food Ingredients Market
Functional foods are that which potentially effect on health beyond basic nutrition in a positive way. Functional foods promote optimal health and reduce the risk of any disease. According to food and drug administration the increasing demand for health benefitting foods that is needed beyond basic nutrition to promote optimal health is currently the cornerstone of the development of functional food ingredients market. The growing awareness among a large population about the consumption of nutritive food rather than only satisfying taste and appeal considerations is providing a strong basis for the growth of players in the market. As a result, consumers are opting for nutritive convenience foods and nutritionally fortified foods in place of traditional convenience and junk foods. In particular, in developed economies, the changing perception of food cabinet as a medical cabinet is leading to an increasing number of consumers stocking up on wholesome foods. Hence, functional foods are increasingly becoming a commonality in the kitchens of health-savvy consumers. Increasing product innovations complemented with the development of novel chemicals to enhance the taste and appeal of functional food is further giving an impetus to the functional food ingredients market. Furthermore, the easy availability of a large variety of functional foods is favouring the growth of this market. According to DuPont annual report June 14, 2017 DuPont Nutrition & Health had present on the emerging science of the microbiome and how it might potentially provide solutions to address the growing problem of antimicrobial resistance at AgriVision 2017.
- Increase in consumption of nutritive convenience food and fortified food
- Growth in incidences of chronic diseases
- Growth in need for food enrichment due to high processing levels of food products
- Higher cost for functional food products due to the inclusion of healthier or naturally sourced ingredients
Segmentation: Global Functional Food Ingredients Market
- Proteins & Amino Acids
- Phytochemical & Plant Extracts
- Fibers & Specialty Carbohydrates
- Omega-3 Fatty Acids
- Macro Minerals
- Micro Minerals
- Natural Source
- Synthetic Source
By Health Benefit
- Gut Health
- Heart Health
- Bone Health
- Nutritive Health
- Weight Management
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of south America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Analysis: Global Functional Food Ingredients Market
The global functional food ingredients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Functional Food Ingredients market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In October, 2017 Cargill makes its first animal feed company acquisition in Brazil the acquisition of privately owned integral nutrias animal, announced on Friday is Cargill’s first purchase of a company in food ingredients segment in Latin America’s largest economy.
Cargill has been looking to diversify into new businesses as global grain traders face a margin squeeze because of a glut of the crops.
Key Market Competitors: Global Functional Food Ingredients Market
The key players operating in the global functional food ingredients market are –
- BASF SE
- Archer Daniels Midland Company
- Arla Foods
The other players in the market are Kerry Group, Ajinomoto, Koninklijke DSM N.V., Ingredion Incorporated, Tate & Lyle, Biocatalysts, Roquette Freres, and CHR. Hansen and Kemin Industries, Beneo, Miller, Royal Cosun, A B Miller Plc, Anheuser-usch InBev, Carlsberg Group among other.
Research Methodology: Global Functional Food Ingredients Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global functional food ingredients market.
- Analyze and forecast functional food ingredients market on the basis of type, application, source, form and process
- Trends of key regional and country-level markets for type, application, source, form and process
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.