Leading Functional Food Ingredients Country 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. Asia-Pacific is expected to be the highest contributor to this market, with $29,880.5 Million in 2020, and is anticipated to reach $49,406.7 Million by 2029, registering a CAGR of 5.80%. Asia-Pacific and North America collectively expected to account for about 62.7% share of the Functional Food Ingredients market in 2020, with the former constituting around 34.1% share. Asia-Pacific and North America are expected to witness significant growth rates at a CAGR of 5.80% and 3.23% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 62.7% in the overall Functional Food Ingredients market in 2020, and is anticipated to reach 63.5% by 2029.
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