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Global Multifunctional Food Ingredients Market – Industry Trends and Forecast to 2030

Food & Beverage

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Global Multifunctional Food Ingredients Market – Industry Trends and Forecast to 2030

  • Food & Beverage
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Multifunctional Food Ingredients Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 16.43 USD Billion
Diagram Market Size (Forecast Year) USD 28.84 USD Billion
Diagram CAGR %

Major Markets Players

  • DSM
  • BASF SE
  • Lonza Group
  • Glanbia Plc
  • ADM

Global Multifunctional Food Ingredients Market, By Type (Emulsions and Flavours, Hydrocolloids, Fibres, Oat Extracts, Yeast Extracts, Bulking Agents, Others) Application (Bakery and Confectionery Products, Meat and Poultry, Dessert and Toppings, Dairy Products, Processed Food Products, Others) - Industry Trends and Forecast to 2030.

Multifunctional Food Ingredients Market

Multifunctional Food Ingredients Market Analysis and Size

The health and wellness industry has evolved into a dominant lifestyle value among consumers over the years, profoundly changing consumer behaviour toward naturally sourced micronutrients. Due to their multifunctionality and ongoing clean label trend, multifunctional food ingredients are gaining popularity in a variety of end-user industries, including cosmetics, dietary supplements, functional food and beverage, and others.

Data Bridge Market Research analyses that the multifunctional food ingredients market was valued at USD 16.43 billion in 2022 and is expected to reach the value of USD 28.84 billion by 2030, at a CAGR of 7.8% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Multifunctional Food Ingredients Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Emulsions and flavours, Hydrocolloids, fibres, Oat extracts, Yeast extracts, Bulking agents, others) Application (Bakery and confectionery products, Meat and Poultry, Dessert and toppings, Dairy products, Processed food products, others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (U.S.), Farbest Brands (U.S.), SternVitamin GmbH & Co. K.G. (Germany), Adisseo (France), BTSA Biotechnologias Aplicadas S.L. (Spain) and Rabar Pty Ltd (Australia) Novus International (U.S.), Kerry Group plc (Ireland), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Lesaffre (France), AB Mauri (U.K.), Laffort (France), Alltech, (U.S.), Imperial yeast (U.S.), DCL Food Distributors (U.K.), Agrano GmbH & Co. K.G. (Germany), UNIFERM GmbH & Co. K.G. (Germany)

Market Opportunities

  • Manufacturers are employing a variety of marketing strategies to pique the interest of the younger generation
  • The food and beverage industry is expanding, which will create new opportunities

Market Definition

Gums, gluten, fats, and other expensive or unhealthy ingredients are replaced with multifunctional food ingredients. Furthermore, these ingredients contribute to the product's shelf life and help it meet food safety standards.

Multifunctional Food Ingredients Market Dynamics

Drivers

  • A Global Shift towards Healthy Eating and Healthy Alternatives

The market's drivers are a shift in consumer preferences toward healthier foods, population growth, improved cold chain logistics, and the adoption of automation systems and products. Players in the multifunctional food ingredients market are poised to capitalise on this opportunity. Health-conscious consumers have reduced their consumption of sweeteners, carbohydrates, and high-fat foods. Another trend that is expected to grow is the use of new raw materials derived from marine sources which are used due to desirable oil and fibre content.

  • Economic Development in Developing Region is Providing Abundance Growth to Global Market

Economic development is critical to increasing the number of distributors of specialty food ingredients in the developing regions. The key parameters that determine growth in processed food consumption in developing economies are disposable income and population purchasing power parity. Emerging-market GDP growth is expected to drive demand for value-added products and thus distribution. Consumer preferences for functional foods and processed foods are shifting in these emerging markets, where they can also be found in modern retail formats like supermarkets and hypermarkets.

Opportunity

  • Clean Label Ingredients Trend

The clean label ingredients trend represents a significant opportunity for the global multifunctional food ingredients market. As consumers increasingly prioritize transparency and natural, organic components in their food and beverage choices, there is a growing demand for clean label products. Multifunctional food ingredients can play a pivotal role in meeting this demand by enhancing the nutritional profiles and functionality of food and beverage items while maintaining clean label attributes. Manufacturers can leverage this trend by incorporating multifunctional ingredients into their formulations, thereby capturing a larger share of the market driven by health-conscious consumers seeking cleaner and more wholesome options. This trend not only aligns with consumer preferences but also positions multifunctional food ingredients as essential components in the evolving landscape of the food and beverage industry.

Restraint/Challenge

  • Climatic and Environmental Vulnerability

Shifts in weather patterns, extreme weather events, and changing climate conditions can impact crop yields and the availability of key ingredients used in multifunctional food products. Prolonged droughts, floods, or temperature fluctuations can disrupt the supply chain and lead to shortages or reduced quality of raw materials.

Furthermore, environmental concerns, such as soil degradation and water scarcity, can limit the sustainable production of ingredients, which is increasingly important to consumers. Multifunctional food ingredients derived from environmentally sensitive sources may face scrutiny and regulatory challenges.

This multifunctional 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 localized 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 the multifunctional 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.

 Recent Developments

  • In February 2020, DSM, a leading company, decided to invest in a high-tech, fully automated packing line for multifunctional food ingredients production, which will be used to provide customers with improved traceability, reliability, and quality.
  • In October 2019, DSM announced that it would produce multifunctional food ingredients in two locations: Xinghuo, China, and Grenzach, Germany.
  • In June 2019, one of the top key players, ADM, combined a diverse range of animal and human nutrition product lines into a single nutrition business unit used for the company's health and wellness business, including innovative products such as Novatol Vitamin E 1490PH.

Global Multifunctional Food Ingredients Market Scope

The multifunctional food ingredients market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Emulsions and flavours
  • Hydrocolloids
  • Fibres
  • Oat extracts
  • Yeast extracts
  • Bulking agents
  • others

Application

  • Bakery and confectionery products
  • Meat and Poultry
  • Dessert and toppings
  • Dairy products
  • Processed food products
  • others

Multifunctional Food Ingredients Market Regional Analysis/Insights

The multifunctional food ingredients market is analysed and market size insights and trends are provided by type and application as referenced above.

The countries covered in the multifunctional food ingredients market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market because of the adoption of advanced technologies in food manufacturing and increased consumer awareness about food safety. With rising demand for processed and ready-to-eat foods, the multifunctional food ingredients market is expected to grow at a healthy rate.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Multifunctional Food Ingredients Market Share Analysis

The multifunctional 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 company’s focus related to multifunctional food ingredients market.

Some of the major players operating in the multifunctional food ingredients market are:

  • DSM (Netherlands)
  • BASF SE (Germany)
  • Lonza Group (Switzerland)
  • Glanbia Plc (Ireland)
  • ADM (U.S.)
  • Farbest Brands (U.S.)
  • SternVitamin GmbH & Co. KG (Germany)
  • Adisseo (France)
  • BTSA Biotechnologias Aplicadas S.L. (Spain)
  • Rabar Pty Ltd (Australia)
  • Novus International (U.S.)
  • Kerry Group plc (Ireland)
  • Chr. Hansen Holding A/S (Denmark)
  • Lallemand Inc. (Canada)
  • Lesaffre (France)
  • AB Mauri (U.K.)
  • Laffort (France)
  • Alltech, (U.S.)
  • Imperial yeast (U.S.)
  • DCL Food Distributors (U.K.)
  • Agrano GmbH & Co. K.G. (Germany)
  • UNIFERM GmbH & Co. K.G. (Germany)


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FREQUENTLY ASK QUESTIONS

The multifunctional food ingredients market size will be worth USD 28.84 billion by 2030
The growth rate of the multifunctional food ingredients market is 7.8% in the forecast period by 2030.
A global shift towards healthy eating and healthy alternatives & economic development in developing regions is providing an abundance of growth to the global market are the growth drivers of the multifunctional food ingredients market.
Type and application are the factors on which the multifunctional food ingredients market research is based.
Major companies in the multifunctional food ingredients market are DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (U.S.), Farbest Brands (U.S.), SternVitamin GmbH & Co. K.G. (Germany), Adisseo (France), BTSA Biotechnologias Aplicadas S.L. (Spain) and Rabar Pty Ltd (Australia) Novus International (U.S.), Kerry Group plc (Ireland), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Lesaffre (France), AB Mauri (U.K.), Laffort (France), Alltech, (U.S.), Imperial yeast (U.S.), DCL Food Distributors (U.K.), Agrano GmbH & Co. K.G. (Germany), UNIFERM GmbH & Co. K.G. (Germany)
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