Global Functional Food Ingredients Market, By Type (Probiotics, Prebiotics, Proteins and Amino Acids, Phytochemical and Plant Extracts, Omega-3 Fatty Acids, Carotenoids, Fibres and Specialty Carbohydrates, Vitamins and Minerals), Source (Natural and Synthetic Source), Application (Food, Beverages), Health Benefit (Gut Health, Heart Health, Bone Health, Immunity, Nutritive Health and Weight Management), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Functional Food Ingredients Market
Data Bridge Market Research analyses that the global functional food ingredients market growing at a CAGR of 6.70% in the forecast period of 2022-2029. The functional food ingredients market is expected to grow due to consumer preferences for nutritional and convenience foods, as well as an increase in demand for fortified food and beverage products.
Functional foods and beverages are those that give the consumer with additional health benefits in addition to basic nutrition. A bioactive molecule that can be used to make functional food items is known as a functional ingredient.
- In emerging markets, the population of health-conscious people is quickly growing, which is fuelling demand for food fortification. The apparent differences in population health among countries are largely due to variances in dietary consumption across areas.
Various factors such as rising chronic diseases and micronutrient deficiencies, the growth of the middle class in emerging economies, new government fortification programmes, the world's ageing population, and rising interest in health and wellness owing to COVID-19, are expected to drive fortified food sales, further driving demand for functional food ingredients.
However, the market is being hampered by government regulations. Consumers are looking for ways to enhance their fitness outside of the traditional gym. One of the obstacles is lack of awareness in the underdeveloped economies.
This functional food ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on functional food ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Functional Food Ingredients Market Scope and Market Size
Functional food ingredients market is segmented on the basis of type, source, health benefits and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on type, functional food ingredients market is segmented into probiotics, prebiotics, proteins and amino acids, phytochemical and plant extracts, omega-3 fatty acids, carotenoids, fibres and specialty carbohydrates, vitamins, minerals.
- Based on source, functional food ingredients market is segmented into natural and synthetic source.
- Based on health benefits, functional food ingredients market is segmented into gut health, heart health, bone health, immunity, nutritive health, and weight management.
- Based on application, functional food ingredients market is segmented into food and beverages.
Functional Food Ingredients Market Country Level Analysis
The functional food ingredients market is analyses and market size, volume information is provided by country, type, source, health benefits and application as referenced above
The countries covered in the functional food ingredients market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America and Europe dominate the functional food ingredients market and will continue to flourish the trend of dominance during the forecast period because of the growing demand for healthy convenience food among consumers due to the busy lives. Rise in demand for functional food ingredients is also due to the problem of heart illnesses and obesity.
The country section of the functional food ingredients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Functional Food Ingredients Market Share Analysis
The functional food ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to functional food ingredients market.
Some of the major players operating in the functional food ingredients market report are BASF SE, ADM, DuPont, Arla Foods amba, Kerry., AJINOMOTO CO., INC., DSM, Ingredion., Tate & Lyle, BENEO, Kemin Industries, Inc., Roquette Frères., Soylent, A&B Ingredients., Golden Grain Group Limited., Zimitech, Inc., Stratum Nutrition, Ashland Inc., Coöperatie Koninklijke Cosun U.A., Associated British Foods plc, Amway, Nestle and DMH Ingredients among others.