Leading Functional Food Ingredients Application Markets Databank
The Functional Food Ingredients market was valued at $87,626.2 Million in 2020, and is projected to reach $130,226.1 Million by 2029 growing at a CAGR of 4.55% from 2021 to 2029. Food segment is expected to be the highest contributor to this market, with $59,230.6 Million in 2020, and is anticipated to reach $85,000.0 Million by 2029, registering a CAGR of 4.15%. Beverages segment is anticipated to reach $45,226.1 Million by 2029 with the highest CAGR of 5.36%. Beverages and Food segments are expected to witness significant growth rates at a CAGR of 5.36% and 4.15% respectively, during the forecast period.
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