Functional Food Ingredients Market Insights and Projections by 2026
The functional food ingredients market, estimated at USD 98.9 billion in 2021, is poised for a 6.8% CAGR growth, reaching USD 137.1 billion by 2026. This growth is attributed to the rising preference for nutritional and convenient foods, coupled with increased demand for fortified food and beverage products. Despite these positive trends, challenges such as the need to comply with international quality standards and limited awareness of functional ingredients, like prebiotics and probiotics in developing countries, hinder market growth.
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