Functional Food Ingredients Market

Functional Food Ingredients Market

Global Market Study on Functional Food Ingredients: Plant-based Ingredients Witnessing Rapidly Rising Demand

  • XPLREP5789

  • September, 2020

  • 280 Pages

  • Food

 

Longing for Nutrition to drive the functional food ingredients market

As per a report available on XploreMR, the global functional food ingredients market is expected to witness ebullience between 2020 and 2030.

The functional food ingredients market is getting driven by the growing trend emphasizing on intake of the foods containing mineral, vitamin, carotenoids, omega-3 fatty acids, prebiotic & dietary fiber, and herbal extracts.

The consumers are also drawn towards probiotics, which helps in preventive healthcare in concurrence with expansion of proper probiotic strains. As far as revenue generation is concerned, rice proteins are expected to lead the market, as rice is being extensively utilized in nutritional beverages, baked food products, desserts, confectioneries, and nutritional bars.

What More Could Be Taken from Functional Food Ingredients Market?

The IFIC (International Food Information Council) states that biscuits, cereals, sports drinks, juices, probiotic yogurt, energy drinks, and milk formula are amongst the top-performing fortified food products. Health consciousness amongst people is at an all-time high. They desire to age healthy. This factor is amongst the key growth drivers to functional food ingredients market.

Also, the fact that healthcare expenditure is increasing in developed as well as developing nations calls for increasing intake of functional food ingredients, as they are being propagated big time. Also, the players are going ga-ga over provision of certifications for some claims like non-GMO, organic, Halal, Kosher, and more.

At the same time, the consciousness towards health has lessened on use of products high on sweeteners, fats, and carbohydrates. As such, intake of high proteins and fibers has increased, which is holding the hope high for functional food ingredients market.

Additionally, people have moved towards healthy snacking. Manufacturers are coming up with products that contain functional food ingredients. Though they are expensive, health benefits in the long run prompt people to go for them.

Covid-19 Impact

The ongoing pandemic has busted the bubble of stability. In other words, since Mar 2020, there has been no certainty regarding the supply of functional food ingredients. This could be reasoned with the partial/total lockdown inflicted all across. The demand on their part is steady, in fact, has increased in the bygone months as the WHO also calls for development of immunity. This topsy-turvy situation is expected to continue till mid-2021 (till Covid-19 vaccine is in place).

Region-wise Analysis

The global functional food ingredients market constitutes North America (Canada, US), Eastern Europe (Russia and Poland), Western Europe (Luxembourg, The Netherlands, Belgium, Nordic countries, Italy, Spain, France, UK, Germany), Asia-Pacific (New Zealand, Australia, ASEAN, Japan, India, China), MEA (North Africa, Southern Africa, GCC), and Latin America (Chile, Peru, Brazil, Mexico, and others).

Asia-Pacific is expected to grow at the fastest pace in the forecast period due to noteworthy expansions across Japan, China, and India, in food and beverage sector in particular. North America and Europe are already at the saturation stage in this regard.

Competitive Landscape

The key players in the functional food ingredients market include Archer Daniels Midland Company, Chr. Hansen, Cargill, BASF SE, Arla Foods, Tate & Lyle Plc, Fenchem Biotek Ltd., Ingredion Inc., Corbion N.V., and not to forget – research institutes. The regulatory authorities playing a vital role herein include EFSA (European Food Safety Authority), FDA (Food and Drug Administration), and USDA (US Department of Agriculture). 

Functional Food Ingredients Market: Report Scope

A latest market report by XploreMR on the global functional food ingredients market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global functional food ingredients market for the forecast period of 2020-2030. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global functional food ingredients market. This market study contains exclusive insights into how the global functional food ingredients market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global functional food ingredients market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with functional food ingredients. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to compound annual growth rate (CAGR) for overall forecasts, to enable readers better understand the analysis and evaluation of the global functional food ingredients market, and discover lucrative opportunities in the market.

This report also provides an estimate of the global functional food ingredients market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the functional food ingredients market. Furthermore, new and emerging players in the global functional food ingredients market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global functional food ingredients market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global functional food ingredients market. All stakeholders in the global functional food ingredients market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in XploreMR’s report.

Key Segments of Global Functional Food Ingredients Market

XploreMR’s report on the global functional food ingredients market offers information divided into three segments - type, end use, and region.

Type

End Use

Region

  • Vitamins
  • Beverages
  • North America
  • Minerals
  • Dairy & Dairy-based Products
  • Latin America
  • Prebiotics & Dietary Fibers
  • Infant Food
  • Europe
  • Probiotics
  • Bakery & Confectionery
  • South Asia
  • Carotenoids

 

  • East Asia
  • Proteins

 

  • Oceania
  • Omega-3 Fatty Acids

 

  • Middle East & Africa

Key Questions Answered in XploreMR’s Global Functional Food Ingredients Market

  • Which region will hold the highest market share in the global functional food ingredients market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global functional food ingredients market?
  • What are the global trends impacting the functional food ingredients market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the functional food ingredients market?
  • What is the market structure of the global functional food ingredients market?

Global Functional Food Ingredients Market: Research Methodology

XploreMR is committed to providing unbiased market research solutions to its clients. XploreMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global functional food ingredients market, and reach conclusions about the future growth factors of the market. XploreMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which XploreMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at the regional level, aggregated at the same level, and then synthesized at a worldwide level, to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research
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Global Market Study on Functional Food Ingredients: Plant-based Ingredients Witnessing Rapidly Rising Demand
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Functional Food Ingredients Market

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