Global Functional Food Ingredients Market Trends And Strategies Of Major Players In The Functional Food Ingredients Market 2021-2030

5 Oct, 2021

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.

Global Functional Food Ingredients Market Size And Drivers:

The global functional food ingredient market is expected to grow from $84.74 billion in 2020 to $93.09 billion in 2021 at a compound annual growth rate (CAGR) of 9.9%. The growth in the functional food ingredients market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The functional food ingredients market is expected to reach $125.65 billion in 2025 at a CAGR of 7.8%. The rise in demand for fortified food & beverage products is expected to contribute to the growth of the functional food ingredients market

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Trends In The Global Functional Food Ingredients Market

Collaborations and partnerships are are key trends gaining popularity in shaping the functional food ingredients market. Major companies operating in the functional food ingredients sector are focused on partnering or collaborating with other companies to develop innovative solutions for functional food ingredients. For instance, in December 2019, Cargill, a US-based food company, and Renmatix, a US-based plant ingredient innovations company, signed a joint development agreement (JDA) to explore a novel approach for making functional food ingredients from unutilized plant material. This agreement was to manufacture highly functional food ingredients. The companies will use Renmatix’s Plantrose Process, which is a proprietary water-based technology, and Cargill’s preferred feedstocks.

Global Functional Food Ingredients Market Segments:
The global functional food ingredients market is further 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 global functional food ingredients market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American functional food ingredients market accounts for the largest share in the global functional food ingredients market.

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Functional Food Ingredients Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides functional food ingredients market overviews, analyzes and forecasts market size and growth for the global functional food ingredients market, functional food ingredients market share, functional food ingredients market players, functional food ingredients market segments and geographies, functional food ingredients market’s leading competitors’ revenues, profiles and market shares. The functional food ingredients market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.