The global functional food ingredients market size is expected to grow from $93.09 billion in 2021 to $101.27 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The global functional food ingredient market size is expected to grow to $137.30 billion in 2026 at a CAGR of 7.9%.
What is the Global Functional Food Ingredients Market?
The functional food ingredients market consists of sales of functional food ingredients by entities (organizations, sole traders, and partnerships) that are bioactive compounds or ingredients used in manufacturing functional food products. Vitamins, minerals, antioxidants, hydrocolloids, prebiotics, amino acids, plant extracts, and carotenoids are some examples of functional food ingredients. The ingredients in functional foods provide health benefits, and some of them include supplements or other additives.
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What drives the Global Functional Food Ingredients Market?
The rise in demand for fortified food & beverage products is expected to contribute to the growth of the functional food ingredients market. Fortified foods are functional foods that lack natural nutrients; nutrients are added to them. These foods boost nutrition and provide health advantages. Fortified foods are functional foods without natural nutrients in them, nutrients are added to them, and these foods improve nutrition, add health benefits. Fortified foods & beverage products consumption is increasing due to growing health consciousness in consumers, increasing disease occurrences, increasing consumer’s disposable income. The medicinal properties of these foods in providing healing benefits apart from energy and essential nutrients are motivating consumers to spend more on healthy food products. According to the Kerry Group study, in 2019, 65% of consumers seek functional benefits in their food & beverages, and apple cider vinegar sales as a grown-up by 86% for its digestive and blood sugar managing properties. Therefore, the rise in demand for fortified food & beverage products will drive the functional food ingredients market growth.
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Global Functional Food Ingredients Market Segments
The global functional food ingredients market is segmented:
By Type: Probiotics and Prebiotics, Carotenoids, Dietary Fibers, Fatty Acids, Vitamins, Minerals, Others
By Source: Natural Synthetic
By Application: Beverages, Dairy Products, Infant Food, Bakery and Confectionery, Others
By Geography: The regions covered in the functional food ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Functional Food Ingredients Global Market Report 2022provides market size and growth forecasts for the global functional food ingredients market, global functional food ingredients market share, functional food ingredients market segments and geographies, functional food ingredients market competitive landscape including leading competitors’ revenues, profiles and market shares. The functional food ingredients global market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Functional Food Ingredients Industry Playersinclude Cargill, BASF, Archer Daniels Midland, DuPont Nutrition & Biosciences, Arla Foods, Kerry Group, Ajinomoto, DSM, Ingredion Incorporated, Tate & Lyle, Roquette Frères, Nestle, Fuerst Day Lawson, Ashland, A&B Ingredients, and Royal Cosun. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
