The Global Functional Food Ingredients Market size is expected to reach USD 180.14 Billion in 2030 and register a revenue CAGR of 7.6% over the forecast period, according to latest report by Reports and Data. Increasing consumer preference for nutritious and fortified food products, rising consumer awareness about health and well-being leading to increased consumption of healthy foods, and growing incidence of chronic diseases are some key factors driving global functional food ingredients market revenue growth.
Functional food ingredients offer unique physiological benefits besides the fundamental nutritional benefits obtained from food and beverages. Functional food ingredients are used to improve gastrointestinal health, lower cholesterol levels, prevent dental cavities, promote bone and gut health, and prevent or cure a variety of ailments. Risks of diseases such cardiovascular disease, cancer, diabetes, high blood pressure, rickets, and osteoporosis have been found to reduce considerably due to comsumption of functional food ingredients regularly.
Consumption of protein-rich food is becoming more popular among customers around the world since it is considered 'anti-fat' and 'anti-sugar', and is also a good source of quick energy. It is associated with weight control, better athletic performance, or maintaining a lean and strong body. Customers are increasingly looking for protein ingredients in food and beverage products, which is likely to drive global functional food ingredients market growth.
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The Functional Food Ingredients market investigation report assesses the global market for the Functional Food Ingredients industry and provides revenue and capability forecasts for the projected period of 2023-2030. The factors that drive the industry's growth are highlighted in the report. The report divides the Functional Food Ingredients market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Cargill,
- ,
- The Archer-Daniels-Midland Company,
- Koninklijke DSM N.V.,
- BASF SE,
- Tate Lyle,
- DuPont de Nemours, Inc.,
- Ajinomoto Co., Inc.,
- Arla Foods amba,
- Kerry Group,
- Ingredion Incorporated
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
By Product Origin Outlook
- Natural
- Synthetic
By Application Outlook
- Dairy Products
- Meat, Fish, and Eggs
- Soy Products
- Fats and Oils
- Bakery, Confectionery, and Cereals
- Others
By Type Outlook
- Prebiotics
- Probiotics
- Vitamins
- Minerals
- Omega Fatty Acids
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Functional Food Ingredients market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Functional Food Ingredients market.
The Global Functional Food Ingredients Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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