Global functional food ingredients market expected to reach approximately USD 99,975 million by 2025, at a CAGR of around 6.74% between 2019 and 2025. The increased consumption of functional foods and beverages with changing consumer behavior is estimated to propel the functional food ingredients market growth in the upcoming years.
Sarasota, FL -- (SBWIRE) -- 04/10/2019 -- Zion Market Research has published a new report titled "Functional Food Ingredients Market By Type (Prebiotics, Probiotics, Proteins & Amino Acids, Phytochemical & Plant Extracts, Minerals, Carotenoids, Vitamins, Omega-3 Fatty Acids, and Fibers & Specialty Carbohydrates), By Source (Natural Source (Animal, Microbial, and Plant) and Synthetic Source), and By Application (Food (Bakery Products, Dairy Products, Confectionery Products, Meat & Meat Products, and Infant Food) and Beverages (Health Drinks, Juices, and Energy Drinks): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025". According to the report, the global functional food ingredients market was valued at around USD 64,871 million in 2018 and is expected to reach approximately USD 99,975 million by 2025, at a CAGR of around 6.74% between 2019 and 2025.
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Functional food ingredients are used in functional foods that offer more than just basic nutrition. These functional foods include supplements and beverages, among other related food products. These ingredients could be natural or synthetic in nature. There are several potential benefits offered by functional food ingredients. These ingredients play an important role in improving health and reducing the risk of various diseases, such as acute and chronic diseases.
The increased consumption of functional foods and beverages with changing consumer behavior is estimated to propel the functional food ingredients market growth in the upcoming years. Additionally, the constant expansion and developments of the end-user industries, such as confectionery, bakery, dairy, infant food, and meat products, are projected to further enhance this market's growth over the forecast timeline. Constantly developing techniques of food processing with a wide focus on food enrichment is demanding extensive R&D operations related to bioactive ingredients. Increased production capacity and applications of these ingredients are also estimated to boost this market's popularity over the forecast time period.
By type, the market is segmented into prebiotics, probiotics, proteins and amino acids, phytochemicals, and plant extracts, minerals, carotenoids, vitamins, omega-3 fatty acids, and fibers and specialty carbohydrates. Probiotics are widely used in various applications, such as dairy and confectionery industry, owing to the rising access to probiotic products and the availability of a varied range of brands. The increasing incorporation of protein-rich and healthy breakfast to overcome certain lifestyle-related diseases is anticipated to boost the demand for amino acids and proteins in the upcoming years. Omega-3 fatty acids, vitamins, and minerals segment are projected to expand substantially within the forecast period, owing to the escalating awareness about their health benefits. By source, the global functional food ingredients market is segmented into natural and synthetic. The natural segment is further segmented as plant, microbial, and animal. The natural sources segment is estimated to hold a major share over the forecast time period, owing to high consumer preference for nature-based food products. By application, the functional food ingredients market is segmented into food and beverages. Food segment is further classified into bakery products, dairy products, confectionery products, meat and meat products, and infant food. Beverage segment is further classified into energy drinks, health drinks, and juices. A growing number of new entrants in the field of infant food formulation is estimated to fuel this segment over the estimated time period. The growing trend of consuming flavored and premium beverages among youngsters is estimated to increase the demand for biotic ingredients in the beverages industry in the future.
By region, the global market is classified into North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. North America is likely to exhibit potential growth opportunities for functional food ingredients market and hold a major share over the forecast time period. The Asia Pacific functional food ingredients market is projected to hold a noticeable revenue share in the future, particularly the emerging economies of China and India. The growing acceptance of probiotic-based beverages and related food products is predicted to drive the functional food ingredients market in Latin America. Malnutrition and related health concerns among the African population and rise in the launch of innovative products is predicted to propel the growth of the functional food ingredients market in the Middle Eastern and African region.
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Some major players of the global functional food ingredients market are Cargill, Archer Daniels Midland Company, Koninklijke DSM N.V., Dow Du Pont, BASF SE, Arla Foods, Royal Cosun, Ingredion Incorporated, Arla Foods, Tate & Lyle, Ajinomoto, Kerry Group, BENEO, Chr. Hansen, Kemin Industries, and Roquette Frères.
This report segments the global functional food ingredients market into:
Global Functional Food Ingredients Market: Type Analysis
Proteins and Amino Acids
Phytochemical and Plant Extracts
Fibers and Specialty Carbohydrates
Omega-3 Fatty Acids
Global Functional Food Ingredients Market: Source Analysis
Global Functional Food Ingredients Market: Application Analysis
Meat and Meat Products
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Global Functional Food Ingredients Market: Regional Analysis
The Middle East and Africa