Top Functional Food Ingredients Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Functional Food Ingredients Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Functional Food Ingredients industry players.

Functional Food Ingredients Market Competitive Landscape

Functional food ingredient manufacturers are slated to invest in ensuring compliance with stringent mandates to maximize their sales potential. Raising awareness regarding the health benefits of functional foods is also slated to be a key strategy for functional food ingredient suppliers in the long run. Functional food ingredient companies can capitalize on the growing popularity of clean-label and plant-based food products through 2031 and beyond.

Top Player’s Company Profiles

  • Archer Daniels Midland Company
  • Ingredion Incorporated
  • Golden Grain Group Limited
  • FMC Corporation
  • Arla Foods amba
  • Omega Protein Corporation
  • NutriBiotic
  • Kerry Group
  • Beneo
  • Cargill Incorporated
  • Tate & Lyle plc
  • BASF SE
  • Roquette Frères

Recent Developments

  • In October 2022, Teijin, a renowned Japanese multinational organization announced the launch of a new institute for functional foods. Teijin Meguro Institute was launched to help strengthen the research and development of probiotics for use in functional foods.
  • In November 2022, Geno, a leading provider of sustainable and plant-based materials announced its foray into the functional ingredients market. The company launched a new sugar-free ingredient called Avela™ natural (R)-1,3-Butanediol.
  • In December 2022, Merit Functional Foods, a provider of functional ingredients announced the launch of USDA Certified Organic pea protein ingredient. Organic Peazazz C850 was launched to satisfy the surging demand for alternative protein sources around the world.

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Functional Food Ingredients Market size was valued at USD 118.02 Billion in 2024 and is poised to grow from USD 126.4 Billion in 2025 to USD 218.81 Billion by 2033, growing at a CAGR of 7.1% during the forecast period (2026–2033).

Functional food ingredient manufacturers are slated to invest in ensuring compliance with stringent mandates to maximize their sales potential. Raising awareness regarding the health benefits of functional foods is also slated to be a key strategy for functional food ingredient suppliers in the long run. Functional food ingredient companies can capitalize on the growing popularity of clean-label and plant-based food products through 2031 and beyond. 'Givaudan (Switzerland)', 'Glanbia (Ireland) ', 'Corbion (Netherlands) ', 'Kerry Group (Ireland) ', 'Bachem Holding (Switzerland) ', 'DSM-Firmenich (Netherlands) ', 'Tate & Lyle (United Kingdom) ', 'Ingredion Incorporated (United States) ', 'Archer Daniels Midland Company (United States) ', 'Cargill (United States) ', 'BASF SE (Germany) ', 'DuPont Nutrition & Biosciences (United States) ', 'Roquette Freres (France) ', 'Ajinomoto Co., Inc. (Japan) ', 'Lonza Group (Switzerland) ', 'Novozymes (Denmark) ', 'FMC Corporation (United States) ', 'Sensient Technologies Corporation (United States) ', 'IFF (International Flavors & Fragrances) (United States)'

Increasing health consciousness and awareness regarding diet and nutrition among people around the world is expected to bolster the global functional food ingredients market growth in the future. Consumers are actively seeking products fortified with vitamins, minerals, probiotics, and antioxidants to address specific health concerns like immunity, digestion, and heart health.

Focusing on Veganism and Plant-based Foods: Functional food ingredient companies can focus on developing and launching new plant-based functional ingredients to maximize their business scope. Growing popularity of veganism is expected to push more people to opt for plant-based diets thereby also favoring the demand for plant-based functional food ingredients as well.

North America is expected to secure the top spot in terms of the global functional food ingredients market size going forward. High consumer spending potential and high awareness regarding functional ingredient benefits are slated to help this region bring in the most revenue of all regions. Growing prevalence of chronic diseases, rising incidence of obesity, and increasing interest in improving fitness and nutrition of American consumers helps this region lead the global functional food ingredient demand outlook. Canada and the United States are forecasted to emerge as the most opportune markets for functional food ingredients vendors operating in the North American region.

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Global Functional Food Ingredients Market
Functional Food Ingredients Market

Report ID: SQMIG30B2054

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