Global Functional Food Ingredients Market 2024-2028

Global Functional Food Ingredients Market 2024-2028

The functional food ingredients market is forecasted to grow by USD 53.14 bn during 2023-2028, accelerating at a CAGR of 7.38% during the forecast period. The report on the functional food ingredients market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for functional food ingredients from probiotics segment, rising health awareness, and rise in demand for new varieties of functional foods.

Technavio's functional food ingredients market is segmented as below:

By Product

• Probiotics and prebiotics
• Proteins and amino acid
• Dietary fibers
• Vitamins and minerals
• Others

By Application

• Food and beverages
• Pharmaceuticals
• Others

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the increasing demand for food containing omega-3 fatty acids as one of the prime reasons driving the functional food ingredients market growth during the next few years. Also, increase use of natural ingredients and botanicals in functional beverages and growing demand for functional food ingredients in emerging economies will lead to sizable demand in the market.

The report on the functional food ingredients market covers the following areas:

• Functional food ingredients market sizing
• Functional food ingredients market forecast
• Functional food ingredients market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading functional food ingredients market vendors that include Ajinomoto Co. Inc., AMCO Proteins, Archer Daniels Midland Co., Arla Foods amba, Associated British Foods Plc, BASF SE, Bio Botanica Inc., Cargill Inc., Chr Hansen Holding AS, Cooperatie Koninklijke Cosun UA, Givaudan SA, Ingredion Inc., International Flavors and Fragrances Inc., Kemin Industries Inc., Kerry Group Plc, Koninklijke DSM NV, Omega Protein Corp., Sudzucker AG, Symrise AG, and Tate and Lyle PLC. Also, the functional food ingredients market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.