Leading Functional Food Ingredients Type 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. Probiotics segment is expected to be the highest contributor to this market, with $27,539.6 Million in 2020, and is anticipated to reach $38,548.4 Million by 2029, registering a CAGR of 3.86%. Minerals segment is anticipated to reach $1,190.4 Million by 2029 with the highest CAGR of 6.63%. Probiotics and Proteins & amino acids segments collectively expected to account for about 61.0% share of the Functional Food Ingredients market in 2020, with the former constituting around 31.4% share. Minerals and Vitamins segments are expected to witness significant growth rates at a CAGR of 6.63% and 5.93% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 5.1% in the overall Functional Food Ingredients market in 2020, and is anticipated to reach 5.8% by 2029.
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