Functional Food Ingredients Market - Trends Forecast Till 2028

Market Overview

The global functional food ingredients market size is estimated to be valued at USD 98.9 billion in 2021, recording a CAGR of 7.9% during the forecast period.

Functional ingredients are those ingredients that have disease-preventing, energy-boosting, and health-promoting advantages. The elements that will be added to the end product are expected to be an extract from a natural source of the active ingredient.

The inclination toward nutritional and convenience food and the rise in demand for fortified food & beverage products are some of the factors that have supported long-term expansion for Functional Food Ingredients Market.

The prices of raw materials are projected to increase due to trade barriers, disruptions in the supply of raw materials, and inefficient distribution channels due to COVID-19. The non-availability and high cost of raw materials and high production costs are likely to create challenges for the growth of the global functional food ingredients market.

Regional Analysis

The North American region dominates the market in 2020. This dominance is driven by the prevalence of chronic diseases due to hectic lifestyles and increasing awareness among consumers regarding the health benefits of functional foods. In addition, the region has the highest prevalence of obesity.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Archer Daniels Midland Co.
• Ashland Inc.
• Cargill
• CP Kelco
• EI DuPont De Nemours & Co.
• Fuerest Day Lawson Ltd.
• Ingredion Inc.
• Kerry Inc.
• Tate & Lyle PLC
• TIC Gums Inc.
• Associated British Foods
• Amway
• Nestle
• DMH Ingredients
• Ajinomoto Co. Inc.Market

Recent Developments

• In May 2021, Cargill launched a new probiotic product named EpiCor, which is a dried yeast fermentate clinically shown in dietary supplement trials to beneficially modulate the gut microbiota and provide immune system support.
• In February 2021, Cargill and Manna Tree invested in Evolve BioSystems, Inc., which would help the company continue commercializing next-generation probiotics capable of addressing a widespread deficiency in the infant gut microbiome.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Functional Food Ingredients Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope