Functional Food Ingredients Market

Functional Food Ingredients Market Size, Share, Growth Analysis, By Type(Probiotics, Proteins & amino acids), By Source(Natural, Animal), By Product(Maltodextrin, Probiotics), By Health Benefits(Gut health, Cardiovascular health), By Application(Food, Infant food), By Geography(North America, U.S.) - Industry Forecast 2024-2031


Report ID: UCMIG30C2045 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Functional Food Ingredients Market Insights

Market Overview:

In 2021, the global functional food ingredients market achieved a significant value of USD 103.4 billion, highlighting the increasing demand for foods that offer specific health benefits beyond basic nutrition. This valuation underscores the growing awareness among consumers about the role of functional ingredients in promoting well-being and addressing health concerns. As we look forward, the market's trajectory indicates substantial growth, with estimations projecting a potential value of approximately USD 167.5 billion by 2030. This growth is underpinned by a steady Compound Annual Growth Rate (CAGR) of 5.51%, anticipated during the period from 2022 to 2030. The ascent of the functional food ingredients market reflects the evolving preferences of consumers towards proactive health management, and as a result, the food industry continues to innovate to cater to this demand, creating a broad range of products fortified with functional ingredients to support various health goals.

Functional Food Ingredients Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Food Retail by segment aggregation, the contribution of the Food Retail in Food & Staples Retailing and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Functional Food Ingredients was estimated to be valued at US$ XX Mn in 2021.

The Functional Food Ingredients Market is estimated to grow at a CAGR of XX% by 2028.

The Functional Food Ingredients Market is segmented on the basis of Type, Source, Product, Health Benefits, Application, Geography.

Based on region, the Functional Food Ingredients Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Functional Food Ingredients Market are Archer Daniels Midland Company, Ingredion Incorporated, Golden Grain Group Limited, FMC Corporation, Omega Protein Corporation, NutriBiotic, Cargill Incorporated, Tate & Lyle plc, Roquette Frères.

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Functional Food Ingredients Market

Product ID: UCMIG30C2045

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