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Functional Food Ingredients Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
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Functional Food Ingredients Market
1. Functional Food Ingredients Market Overview
The ever-changing food and beverage industry has seen the rise of functional food ingredients in recent years. Consumer awareness about the importance of diet and nutrition has led to the demand for foods that offer more health benefits than just basic sustenance. This has created opportunities for manufacturers to develop products that are not only nutritious, but also provide additional benefits such as improved digestion, better mental clarity, and increased energy levels.

There are a wide variety of functional food ingredients available on the market, each with its own unique benefits. Some of the most popular functional food ingredients include probiotics, prebiotics, omega-3 fatty acids, fiber, and vitamins and minerals. These ingredients can be added to a wide range of food and beverage products, including breakfast cereals, snacks, soups, and even desserts.

Probiotics are live microorganisms that are similar to the beneficial bacteria found in the human gut. These microorganisms can help improve digestive health, boost immunity, and even reduce the risk of some chronic diseases. Probiotics are often found in yogurt and other fermented foods, as well as in dietary supplements.

Prebiotics are nondigestible fibers that promote the growth of beneficial bacteria in the gut. These fibers can be found in a variety of foods, including onions, garlic, bananas, and whole grains.

Omega-3 fatty acids are a type of polyunsaturated fat that has been shown to have numerous health benefits. These fatty acids can improve heart health, cognitive function, and joint pain. Omega-3 fatty acids are found in fish, nuts, and seeds, as well as in some fortified foods and supplements.

Fiber is a type of carbohydrate that the body cannot digest. However, fiber is an important part of a healthy diet as it helps promote regularity, maintain blood sugar levels, and lower cholesterol. Fiber is found in a variety of foods, including fruits, vegetables, whole grains, and legumes.

Vitamins and minerals are essential nutrients that the body needs for a variety of functions. These nutrients can be found in a variety of foods, including fruits, vegetables, meat, and dairy products. They can also be added to fortified foods and supplements

2. Functional Food Ingredients Market Growth Drivers
The global functional food ingredients market is expected to grow at a CAGR of 6.5% from 2019 to 2024. The market is driven by the growing awareness of the health benefits of functional foods and the increasing demand for functional foods in the Asia-Pacific region.

Functional foods are foods that have been fortified with nutrients or other ingredients that offer health benefits beyond the basic nutritional value of the food. Functional foods can be found in all food categories, including dairy, cereals, snacks, and beverages.

The Asia-Pacific region is the fastest-growing market for functional food ingredients, due to the growing awareness of the health benefits of functional foods and the increasing demand for functional foods in the region. The region is expected to grow at a CAGR of 8.5% from 2019 to 2024.

The functional food ingredients market is driven by the following factors:

1. The growing awareness of the health benefits of functional foods

Functional foods are gaining popularity due to the growing awareness of the health benefits of functional foods. Functional foods are rich in nutrients and offer health benefits beyond the basic nutritional value of the food. The growing awareness of the health benefits of functional foods is driving the growth of the functional food ingredients market.

2. The increasing demand for functional foods in the Asia-Pacific region

The Asia-Pacific region is the fastest-growing market for functional food ingredients, due to the growing awareness of the health benefits of functional foods and the increasing demand for functional foods in the region. The region is expected to grow at a CAGR of 8.5% from 2019 to 2024.

3. The increasing demand for healthy and natural food

The increasing demand for healthy and natural food is another factor driving the growth of the functional food ingredients market. Consumers are becoming more health-conscious and are looking for healthy and natural food options. This is driving the demand for functional food ingredients, as they are considered to be more healthy and natural than other food ingredients.

4. The increasing number of product launches

The functional food ingredients market is witnessing a significant increase in the number of product launches. Manufacturers are launching new products to meet the growing

3. Functional Food Ingredients Market Challenges
The functional food ingredients market is expected to grow significantly in the next decade. However, there are several challenges that need to be addressed in order for the market to reach its potential.

1. Lack of awareness about functional food ingredients

There is a lack of awareness about functional food ingredients among consumers. This is a major challenge for the market growth as most consumers are not aware of the benefits of these ingredients.

2. High costs

Another challenge for the functional food ingredients market is the high costs associated with these ingredients. The cost of production is high and this is passed on to the consumers.

3. Stringent regulations

The functional food ingredients market is subject to stringent regulations. This is because these ingredients are used in food products and need to meet the safety standards set by the authorities.

4. Functional Food Ingredients Market Opportunities
Functional food ingredients are those ingredients which are added to the food to improve its nutritional value or to provide some other health benefit. Some of the functional food ingredients which are gaining popularity these days are omega-3 fatty acids, prebiotics, and probiotics.

There is a growing trend of health-consciousness among consumers these days, which is one of the major factors driving the demand for functional food ingredients. Moreover, the rising prevalence of chronic diseases such as obesity, diabetes, and heart diseases is also fuelling the growth of the functional food ingredients market.

With the growing demand for functional food ingredients, there are immense opportunities for market players to capitalize on. Some of the key functional food ingredients market opportunities are discussed below.

1. Plant-based functional food ingredients: Plant-based functional food ingredients are gaining popularity due to the growing trend of veganism and vegetarianism. Moreover, these ingredients are also preferred by consumers due to the health benefits they offer. Some of the popular plant-based functional food ingredients include flaxseeds, chia seeds, quinoa, and spirulina.

2. Probiotics: Probiotics are live microorganisms which offer various health benefits such as improved digestion, stronger immunity, and better gut health. Probiotics are available in the form of supplements as well as functional foods such as yogurt, kefir, and kimchi. With the growing awareness about the health benefits of probiotics, there is a huge potential for market growth.

3. Omega-3 fatty acids: Omega-3 fatty acids are a type of polyunsaturated fat which is known to offer various health benefits such as reduced inflammation, lower blood pressure, and reduced risk of heart diseases. Omega-3 fatty acids are found in fish oil, flaxseeds, chia seeds, and walnuts. The growing awareness about the health benefits of omega-3 fatty acids is expected to drive the demand for these ingredients in the future.

4. Prebiotics: Prebiotics are non-digestible carbohydrates which promote the growth of beneficial bacteria in the gut. Some of the popular prebiotics include inulin, oligofructose, and poly

5. Functional Food Ingredients Market Future Outlook
The future of functional food ingredients market looks quite promising with the rising health consciousness among people and the ever-growing demand for healthy and nutritious food products. The market is expected to grow at a healthy CAGR during the forecast period (2019-2025).

Some of the key factors driving the growth of the market are the increasing prevalence of chronic diseases, the growing demand for fortified and healthy foods, and the changing lifestyle of people. The rising awareness about the importance of a healthy diet and the need for nutrient-rich food is also fuelling the growth of the market.

The functional food ingredients market is segmented on the basis of type, application, and region. On the basis of type, the market is further classified into vitamins, minerals, proteins, omega-3 fatty acids, probiotics, and others. Among these, the vitamins and minerals segment is expected to grow at the highest CAGR during the forecast period.

On the basis of application, the market is classified into functional foods, functional beverages, and dietary supplements. The functional foods segment is further sub-segmented into bakery & confectionery, dairy & frozen desserts, infant food, snacks & bars, and others. Among all, the functional foods segment is expected to grow at the highest CAGR during the forecast period.

On the basis of region, the market is classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The increasing awareness about the importance of a healthy diet and the growing demand for healthy and nutritious food products in the region are the major factors driving the growth of the market.

Some of the key players operating in the global functional food ingredients market are Archer Daniels Midland Company, BASF SE, Cargill Inc., Chr. Hansen Holding A/S, Danone, DSM, General Mills, Inc., Ingredion Incorporated, Kerry Group, and Nestle SA.

KEY PLAYERS COVERED

Some of the key companies that are present in the global functional food ingredients market are Cargill, BASF SE, Archer Daniels Midland Company, Kerry Group, Ingredion Incorporated, Beneo, and Global Specialty Ingredients (GSI). Capacity expansion and consequent increase in the product portfolio remains one of the preferred strategies of companies operating in the global functional food ingredients market.

SEGMENTATION

 

 SEGMENTATION

 

 

DETAILS

 

 

By Type

 

 

·      Vitamins

·      Minerals

·      Prebiotics

·      Probiotics

·      Hydrocolloids

·      Essential Oils

·      Omega Fatty Acids

·      Carotenoids

·      Others

 

By Purpose

 

 

·      Weight Management

·      Digestive Health

·      Cardio Health

·      Others

 

By Application

 

 

·      Beverages

·      Bakery

·      Dairy

·      Snacks

·      Others

 

By Geography

 

 

·      North America (U.S., Canada, and Mexico)

·      Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

·      Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

·      South America (Brazil, Argentina, and Rest of South America)

·      Middle East & Africa (South Africa and Rest of ME&A)

 

 

By Type

 

 

·      Vitamins

·      Minerals

·      Prebiotics

·      Probiotics

·      Hydrocolloids

·      Essential Oils

·      Omega Fatty Acids

·      Carotenoids

·      Others

 

By Purpose

 

 

·      Weight Management

·      Digestive Health

·      Cardio Health

·      Others

 

By Application

 

 

·      Beverages

·      Bakery

·      Dairy

·      Snacks

·      Others

Cargill, BASF SE, Archer Daniels Midland Company, Kerry Group, Ingredion Incorporated, Beneo, and Global Specialty Ingredients (GSI).

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