Albany, NY -- (SBWire) -- 12/06/2017 --Global Functional Food Ingredients Market: Overview
This report covers the analysis and forecast of the functional food ingredients market on a global and regional level. The study provides historic data of 2015 along with forecast for the period between 2016 and 2024 based on volume (Kilo Tons) and revenue (US$ Bn).
The study provides a decisive view of the functional food ingredients market by segmenting it based on ingredients type, health benefits, application, and regional demand. Application segments have been analyzed based on current trends and future potential. The market has been estimated from 2016 to 2024 in terms of volume (Kilo Tons) and revenue (US$ Bn). Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These have been further sub-segmented into countries and regions with relevance to the market. The segmentation also includes demand for individual applications in all regions.
The study covers the drivers and restraints governing the dynamics of the market along with their impact on demand during the forecast period. Additionally, the report includes potential opportunities in the functional food ingredients market on the global and regional level.
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Global Functional Food Ingredients Market: Scope of the Study
The study encompasses market attractiveness analysis, wherein applications have been benchmarked based on their market size, growth rate, and general attractiveness for future growth.
The market has been forecast based on constant currency rates. Prices of functional food ingredients vary in each region and are a result of the demand-supply scenario in the region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. Individual pricing of functional food ingredients for each application has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down the market into segments in each region.
Global Functional Food Ingredients Market: Research Methodology
The report provides the size of the functional food ingredients market in 2015 and the forecast for the next nine years up to 2024. The size of the global functional food ingredients market is provided in terms of both volume and revenue. Market volume is defined in Kilo Tons, while market revenue for regions is in US$ Bn. The market size and forecast for each product segment is provided in the context of global and regional markets. Numbers provided in this report are derived based on demand generated from different applications and types of raw materials.
Market estimates for this study have been based on volume, with revenue being derived through regional pricing trends. The price for commonly utilized grades of functional food ingredients in each application has been considered, and customized product pricing has not been included. Demand for functional food ingredients has been derived by analyzing the global and regional demand for functional food ingredients in each application. The global functional food ingredients market has been analyzed based on expected demand. Market data for each segment is based on volume and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers based on manufacturers' feedback. Forecasts have been based on the expected demand from functional food ingredients. We have used the top-down approach to estimate the global functional food ingredients market, split into regions.
The product type split of the market has been derived using a top-down approach for each regional market separately, with the global product type segment split being an integration of regional estimates. Companies were considered for the market share analysis based on their product portfolio, revenue, and manufacturing capacity. In the absence of specific data related to the sales of functional food ingredients of several privately held companies, calculated assumptions have been made in view of the company's product portfolio and regional presence along with the demand for products in its portfolio.
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Global Functional Food Ingredients Market: Competition Analysis
The report covers a detailed competitive outlook that includes market share and company profiles of key players operating in the global market. Key players profiled in the report include Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Kerry Group PLC (Ireland), Associated British Foods PLC (U.K.), E. I. Du Pont De Nemours and Company (U.S.), Arla Foods (Denmark), BASF SE (Germany), Koninklijke Dsm N.V. (Netherlands), DMH Ingredients (U.S.), Ajinomoto Co., Inc. (Japan).
The global functional food ingredients market has been segmented into:
Global Functional Food Ingredients Market: By Ingredients Type
Vitamins
Proteins and Amino Acids
Minerals
Probiotics
Prebiotics and Dietary Fibre
Carotenoids
Omega 3 and 6 fatty acids
Essential Oils
Soy Protein
Hydrocolloids
Others
Global Functional Food Ingredients Market: By Health Benefits
Nutrition
Bone Health
Heart Health
Weight Management
Gut Health
Immunity
Others
Global Functional Food Ingredients Market: By Application
Baby Food
Sports/Nutrition Bars
Dairy Alternatives
Meat Alternatives
Convenience Beverage
Others
Global Functional Food Ingredients Market: By Geography
North America
U.S.
Rest of North America
Europe
U.K.
France
Italy
Germany
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East and Africa (MEA)
UAE
South Africa
Rest of MEA
Latin America (LATAM)
Brazil
Argentina
Rest of LATAM
Functional Food Ingredients Market: Growing Health Awareness to Fuel Growth
In terms of revenue, the global market for functional food ingredients is projected to be worth US$32.4 bn by 2024 with a CAGR of 6.0% between 2016 and 2024.