Kenneth Research, in its repository of market research reports, have recently added a report on Functional Food Ingredients Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
Global Functional Food Ingredients Industry was valued at USD 67.8 Billion in the year 2018. Global Functional Food Ingredients Industry is further estimated to grow at a CAGR of 6.5% from 2018 to reach USD 105.17 Billion by the year 2025. The North America region holds the highest Industry share in 2018 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.
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The Global Functional Food Ingredients Industry is segmented as By Type, Source, Application, and Region. The Type segment is divided into Probiotics, Proteins & amino acids, Phytochemical & plant extracts, Prebiotics, Fibers & specialty carbohydrates, Omega-3 fatty acids, Carotenoids, Vitamins and Minerals in which the prebiotics is expected to grow at a moderate CAGR of XX% in the coming years. Prebiotics help in increased mineral absorption as well as increased bone strength and immunity, other than improving gut health. They are rapidly growing in popularity within the functional food Industry due to their vast applications in dairy products, health drinks, nutrition bars, breakfast cereals, beverages, bakery products, meat products, mineral supplements, weight-loss products, green foods, infant food, and pet food. By Source, it is segmented into natural and synthetic in which the natural segment accounts for the largest Industry share. A majority of functional food ingredients are sourced through natural means. The growing consumer awareness about the related health benefits associated with ingredients sourced from natural sources fuels the growth of the natural segment.
The Application segment is divided into food and beverages in which the food segment dominates the Industry. The Industry for functional food is growing as consumers prefer balanced diets and food that not only satisfy their hunger but also take health into consideration. By Health Benefit, it is divided into Gut Health, Heart Health, Bone Health, Immunity Nutritive Health and Weight Management in which weight management accounts for the largest Industry share.
Major Market players in Functional Food Ingredients Industry are Cargill, BASF SE, Dowdupont, Archer Daniels Midland Company, Arla Foods, Ajinomoto, Koninklijke DSM N.V., Ingredion Incorporated, Tate & Lyle, Roquette Frères, and Other 9 more companies information is provided in the report.
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SWOT analysis of Functional Food Ingredients Industry
Strength:
Increase in Consumption of Nutritive Convenience Food and Fortified Food
Weakness:
Higher Cost for Functional Food Products
Opportunities:
Alternative Sources to Obtain Omega-3
Threats:
Complexities Related to the Integration and Adulteration
Functional Food Ingredients Industry Segmentation:
Functional Food Ingredients Industry Overview, By Type
• Probiotics
• Proteins & amino acids
• Phytochemical & plant extracts
• Prebiotics
• Fibers & specialty carbohydrates
• Omega-3 fatty acids
• Carotenoids
• Vitamins
• Minerals
Functional Food Ingredients Industry Overview, By Source
• Natural
• Synthetic
Functional Food Ingredients Industry Overview, By Application
• Food
• Beverages
Functional Food Ingredients Industry Overview, By Health Benefit
• Gut Health
• Heart Health
• Bone Health
• Immunity
• Nutritive Health
• Weight Management
Functional Food Ingredients Industry Overview, By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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