Functional Ingredients Market is expected to reach USD 124.92 Bn. by 2029, at a CAGR of 7.02% during the forecast period

Functional Ingredients Market Report Scope:

The Functional Ingredients Market encompasses the realm of functional foods - a category of food that integrates ingredients to offer nutritional benefits beyond the basics of regular diets. These specialized food items are enriched with functional food ingredients that aid in preventing diseases, boosting immunity, and enhancing overall health and well-being. The market's growth trajectory is attributed to escalating urbanization and the escalating consumer preference for processed foods.

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Functional Ingredients Market Dynamics:

The market's expansion is driven by factors such as growing urbanization and a burgeoning demand for processed foods among consumers. However, an awareness of the potential negative impact of food additives on product nutrition has led to a demand for safe, high-quality, and longer-lasting food items. Consumers are increasingly conscious of the use of artificial ingredients and high trans-fat content in processed foods, leading to a push for anti-nutritious product alternatives.

Moreover, mounting awareness about the adverse effects of excessive salt consumption, evolving lifestyles, changing food consumption patterns, and a burgeoning workforce are fueling the demand for processed and ready-to-use food products. This trend is expected to bolster market growth over the forecast period. Innovations in Research and Development (R&D) in food processing and the widespread adoption of products in emerging markets are poised to contribute positively to the Functional Ingredients Market.

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Functional Ingredients Market Segmentation:

by Type

Probiotics
Proteins & amino acids
Phytochemical & plant extracts
Prebiotics
Fibers & specialty carbohydrates
Omega-3 fatty acids
Carotenoids
Vitamins
Minerals

by Source

Natural
Synthetic

by Application

Food
Beverages

Type, source, application, and region are the segments used to divide the functional ingredients market. Carotenoids, essential oils, vitamins, minerals, probiotics, omega 3 and 6 fatty acids, prebiotics and dietary fiber, hydrocolloids, soy protein, protein, and amino acids have all been grouped into the global market for functional food ingredients. Over the coming years, the global demand for functional foods and beverages is anticipated to boost market growth for functional ingredients.

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Functional Ingredients Market Key Players:

1. Cargill (US)
2. Archer Daniels Midland Company (US)
3. Koninklijke DSM N.V. (Netherlands)
4. DowDuPont (US)
5. BASF SE (Germany)
6. Arla Foods (Denmark)
7. Royal Cosun (Netherlands)
8. Ingredion Incorporated (US)
9. Arla Foods (Denmark)
10.Tate & Lyle (US)
11.Ajinomoto (Japan)
12.Kerry Group (Ireland)
13.BENEO (Germany)
14.Chr. Hansen (Denmark)
15.Kemin Industries (US)
16.Roquette Frères (France)
17.Ingredion Incorporated
18.Golden Grain Group Limited
19.FMC Corporation
20.Omega Protein Corporation
21.NutriBiotic

Table of content for the Functional Ingredients Market includes:

1. Global Functional Ingredients Market: Research Methodology

2. Global Functional Ingredients Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Global Functional Ingredients Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4. Global Functional Ingredients Market Segmentation

• Global Functional Ingredients Market, by Type (2022-2029)
• Global Functional Ingredients Market, by Source (2022-2029)
• Global Functional Ingredients Market, by Application (2022-2029)

5. Regional Functional Ingredients Market (2022-2029)

• Regional Functional Ingredients Market, by Type (2022-2029)
• Regional Functional Ingredients Market, by Source (2022-2029)
• Regional Functional Ingredients Market, by Application (2022-2029)
• Regional Functional Ingredients Market, by Country (2022-2029)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

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Regional Insights:

Geographically, the North American market is anticipated to secure a substantial share of the market through 2023. This projection is attributed to increased consumer spending and a surge in the consumption of low-fat, low-calorie content foods. Manufacturers in the United States are adopting innovative approaches to enhance food processing techniques, leading to products with added nutritional benefits and further propelling the Functional Ingredients Market.

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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