Global Market for Functional Food Ingredients
Dublin, May 30, 2022 (GLOBE NEWSWIRE) -- The "Functional Food Ingredients - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Functional Food Ingredients Market to Reach $118.4 Billion by 2026
The global market for Functional Food Ingredients estimated at US$75.6 Billion in the year 2020, is projected to reach a revised size of US$118.4 Billion by 2026, growing at a CAGR of 7.6% over the analysis period.
Growth in the global market is being driven by growing consumer consciousness about their health and wellness, and the awareness that safe fortified foods could contribute to an enjoyable and healthy life. In addition, rising incidences of many chronic diseases including high blood pressure and diabetes are driving demand for functional food ingredients, which could help prevent these diseases.
Other factors spurring growth include growing numbers of gym goers and fitness centers; changes in the regulations for the food & beverage sector; increasing consumer demand for wholesome and clean-label food & beverage products with high nutritional content; and product innovations, developments, new investments, and new product launches by many companies.
Natural, one of the segments analyzed in the report, is projected to grow at a 8.1% CAGR to reach US$77.2 Billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic segment is readjusted to a revised 6.8% CAGR for the next 7-year period. This segment currently accounts for a 40.6% share of the global Functional Food Ingredients market.
There is growing demand for natural carotenoids such as lycopene and beta-carotene in their pure form, and these could replace synthetic carotenoids, particularly in the production of dietary supplements, because of their high quality and effectiveness.
The U.S. Market is Estimated at $25.6 Billion in 2021, While China is Forecast to Reach $14.1 Billion by 2026
The Functional Food Ingredients market in the U.S. is estimated at US$25.6 Billion in the year 2021. The country currently accounts for a 30.93% share in the global market.
China, the world second`s largest economy, is forecast to reach an estimated market size of US$14.1 Billion in the year 2026 trailing a CAGR of 10.5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 6.6% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 5.7% CAGR while Rest of European market (as defined in the study) will reach US$15.4 Billion by the end of the analysis period. North America and Europe dominate global market share, driven by increasing health concerns and complications such as diabetes, obesity, and digestive disorders in these regions.
Growth in the Asia-Pacific region is due to the growing population and increasing disposable income of consumers. Moreover, strong government policies supporting the agricultural trade related to functional foods is attracting investments from market players, creating a wide scope for development of the industry in the region.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
COVID-19 Pandemic Leads to Increased Consumer Focus on Health and Wellness Products
From Food Security to Health Security, the Pandemic Sends Functional Foods Cruising Down a New Road of Opportunity
Rising Interest in Functional Foods Drives Functional Food Ingredients Market
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
An Introduction to Functional Food Ingredients
Global Market Prospects & Outlook
Robust Growth in Functional Foods & Drinks to Bolster Demand for Functional Food Ingredients
Probiotics and Prebiotics to Boost Market Prospects
Developed Regions Lead, Developing Economies to Spearhead Market Growth
Regional and Cultural Customization: Important for Success in the Emerging Markets
Strong Research Backup and Media Publicity: Key Product Differentiators
Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 73 Featured)
Ajinomoto Co., Inc.
Associated British Foods plc
CP Kelco U.S., Inc.
DMH Ingredients, Inc.
Fuerst Day Lawson Ltd.
International Flavors & Fragrances Inc.
Kerry Group plc
Koninklijke DSM N.V.
Royal Avebe U.A.
Tate & Lyle plc
3. MARKET TRENDS & DRIVERS
Growing Focus on Healthy Lifestyles Amidst the Ongoing Pandemic Drives Focus onto Functional Foods, Driving Demand for Ingredients
Focus Grows on Natural Foods and Clean Label
Consumers Focus on Less Processed Foods Drives Market Prospects
Increasing Prevalence of Chronic & Lifestyle Diseases Enhances Consumer Spending on Functional Foods & Boosts Demand for Ingredients
Growing Prominence of Functional Foods & Drinks in Weight Management Augurs Well for Market Demand
Plant-Centric Demand to Buoy Functional Foods & Drinks Ingredients Market
Plants in Convenient Formats
Plant Milk for Digestive Wellness
Probiotics Remain the Preferred Ingredient for Gut Health Foods
Role of Probiotics in Management of COVID-19 and Other Diseases
Prebiotics: An Important Ingredient Promoting Gut Health, Brain Health, and Immunity
Potential Role of Prebiotics and Probiotics in Prevention & Treatment of Coronavirus Infections
Manufacturers of Prebiotic Ingredients See Major Opportunities in the Post-COVID-19 World
Growing Role of Prebiotic Ingredients in Functional Foods
Rising Awareness of Brain-Gut Connection and Resultant Focus on Maintaining Gut Health Drive Demand for Prebiotic Ingredients
Dairy Industry: A Major Consumer of Prebiotic Ingredients
Trend towards Higher Fiber Consumption Drives Demand for Prebiotic Fibers
Percentage Prebiotic Fiber Content in Select Foods
Prebiotics and Probiotics: Working Together to Improve Digestive Health
More Natural, Organic and Functional Versions to Drive Energy Drinks Growth
Antioxidants Gain Importance in Functional Beverages
Soy-based Functional Ingredients Become Mainstream
Carotenoids Find Growing Use in Functional Foods & Beverages
Myriad Benefits of Beta Carotene Drive Applications in Health and Functional Foods
Omega-3 Emerges as a Popular Heart-Healthy Ingredient, Driving Demand for Marine Functional Food Ingredients
Alternative Sources of Omega-3
Robust Demand for Nutraceuticals & Supplements Creates a Strong Foundation for the Growth of Astaxanthin
Astaxanthin Finds Role in COVID-19 Management
Protein-Fortified Products Rise in Demand
Rice Protein Emerges as a Latest Functional Ingredient
Dietary Fat Emerges as a New Ingredient for Functional Food & Drinks
High Demand for Functional Ingredients in Snack Foods
Rising Consumer Interest in Fruit-based Functional Ingredients
Rising Demand for Natural Ingredients in Functional Foods
Endurance, Cardiovascular, Bone Health, and Other Wide Ranging Benefits Drive Robust Demand for Protein-Based Products
Mood Enhancers Gain Momentum
Innovations Drive Market Expansion
Nanotechnology Evolves as a Boon for Functional Food Manufacturers
Nanoencapsulation Improves Delivery and Bioavailability
Demographic and Macro Factors Influencing Growth in Functional Food Ingredients Market
Ballooning Global Population
Millennials Focus on Health & Wellness
Focus of Young Working Women on Healthy Living
Complexities and Challenges: Integration and Adulteration of Functional Food Products
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
Functional Food Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
COVID-19 Triggers Interest in Immunity Boosting Diet, Driving Opportunities for Functional Food Ingredients Market
Rising Consumption of Functional Foods & Beverages Boosts Market
Healthy Functional Beverages Find Favor Among Consumers
Demand for Products Promoting Gut and Digestive Health to Fuel Ingredients Market
United States: A Niche yet Important Market for Prebiotics
Inulin: A Major Prebiotics Ingredients
Fiber Polydextrose, Oligofructose and Inulin: Notable Prebiotics for Gut and Digestive Health
Prebiotics Maintain Gut Microbiome and Improve Sleep Patterns
Canada: A Key Supplier for Functional Ingredients and Foods
Healthy Growth of Functional Foods Market to Propel Demand
Rising Consumer Interest in Gut Health Products Drive Market Demand for Prebiotics
Functional Food Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Consumer Focus on Health and Wellness Boosts Growth Prospects
Changing Demographics Propel Market Growth
European Population By Age Group: Percentage Share Breakdown of Age Groups for 2020 & 2040
Health Benefits Drive Adoption of Prebiotic Ingredients
Major Products in Prebiotics Market
Functional Food Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific: A Promising Market for Functional Foods & Beverages
Health and Wellness Trend Drives Strong Market Demand for Prebiotics
For more information about this report visit https://www.researchandmarkets.com/r/dgfd1o
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