Functional Food Ingredients Market Top Companies, Sales, Revenue, Forecast And Detailed Analysis By 2030
The
Global Functional Food Ingredients Market
report published by Reports and Data is an all-inclusive document explaining
current and future scenario of the global Functional
Food Ingredients industry. The report has been
formulated through extensive primary and secondary research and offers in-depth
information about the Functional Food
Ingredients market. The report also analyzes key
market players along with distributors and overall industrial chain structure.
The report also provides an assessment of the factors and parameters that have
the potential to influence the revenue growth of the market.
The
global Functional Food Ingredients Market size is expected to reach
USD 180.14 Billion in 2030 and register a revenue CAGR of 7.6% over the
forecast period, according to latest report by Reports and Data. Increasing
consumer preference for nutritious and fortified food products, rising consumer
awareness about health and well-being leading to increased consumption of
healthy foods, and growing incidence of chronic diseases are some key factors
driving global functional food ingredients market revenue growth.
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Market Overview:
The food and beverage industry is involved in
transforming raw food materials into consumer food products. The sector
includes groceries, oils and fats, food additives, functional foods and
beverages, canned food, packaged foods, health and natural foods, baby food,
animal food, syrup, baked food, soft drinks, alcoholic and non-alcoholic
drinks, energy drinks, and packaging. The companies in this industry are
looking for innovations in food that meet the changing consumer’s preferences in
terms of global flavors, and varieties. The touchless transactions, open kitchen concept, ghost
kitchens and e-commerce trends (especially during Covid 19) are reshaping the
food and beverage sector.
Some
Key Highlights From the Report:
- Carotenoids
segment accounted for largest revenue share in 2020. Carotenoids are
protective nutrients and are naturally occurring pigments present in most
plants. They are found primarily in algae, plants, and photosynthetic
bacteria. However, animals and humans must rely on food to obtain these
ingredients. Dietary carotenoids provide health benefits such as reduction
in disease risks, mainly eye diseases and certain cancers.
- Natural
segment is expected to register a significant revenue growth rate over the
forecast period. Food items in their natural form are widely used due to
growing consumer demand for natural components. Additionally, the market
for functional food ingredients is being driven by increased health
benefits associated with ingredients produced from natural sources.
- Infant food
enhances a child's healthy growth and development. Inclusion of functional
food ingredients in infant formula ensures that babies get enough
proteins, lipids, vitamins, and minerals during their growing years.
- The market in
North America is expected to account for largest revenue share in the
global functional food ingredients market over the forecast period.
Prevalence of chronic diseases as a result of busy lifestyles, as well as
growing consumer awareness about health benefits of functional foods, is
driving market revenue growth in the region.
Key Players:
Companies
profiled in the market report are Cargill, Inc., BASF SE,
Archer-Daniels-Midland Company, Arla Foods amba, Kerry Group plc, Ajinomoto
Co., Inc., Blattmann Schweiz AG, Ingredion Incorporated, Tate & Lyle PLC, and
Euroduna Food Ingredients GmbH.
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Regional
Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East
& Africa
Market
Segmentation:
For
this report, Reports and Data has segmented the global functional food
ingredients market based on type, source, health benefits, application, and
region:
Product
Origin Outlook (Revenue, USD Billion; 2019-2030)
- Natural
- Synthetic
Application
Outlook (Revenue, USD Billion; 2019-2030)
- Dairy
Products
- Meat, Fish,
and Eggs
- Soy Products
- Fats and Oils
- Bakery,
Confectionery, and Cereals
- Others
Type
Outlook (Revenue, USD Billion; 2019-2030)
- Prebiotics
- Probiotics
- Vitamins
- Minerals
- Omega Fatty
Acids
- Hydrocolloids
- Carotenoids
- Essential
Oils
- Others
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Ingredients Market Report:
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