Nourishing Growth: Exploring the Dynamics of the Global Functional Food Ingredients Market

The Functional Food Ingredients market, valued at USD 98.9 billion in 2021, is projected to reach USD 137.1 billion by 2026, with a robust compound annual growth rate (CAGR) of 6.8%. The utilization of functional food ingredients in the creation of health-promoting products is witnessing substantial demand, driven by nutritive benefits, disease prevention, and energy-boosting properties.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=9242020

Health Awareness and Market Influence

Rising health awareness globally is a significant catalyst for the increasing demand for functional food ingredients. These ingredients go beyond basic nutritional value, providing additional health benefits. The market is witnessing diverse applications, including fortifying food and beverage products, reflecting the industry's response to the growing focus on health and wellness.

Dominance of Probiotics and Natural Sourcing

The Probiotics segment holds a major share in the functional food ingredients market, driven by the increasing interest in probiotics' use in food applications. Meanwhile, the natural sourcing of functional food ingredients, particularly plant-based options, is experiencing rapid growth due to heightened consumer awareness of health benefits associated with natural sources.

Role of Plant-Sourced Ingredients

Plant-sourced natural functional food ingredients are registering the fastest growth, attributed to their high nutritional profiles, low carbon footprint, and cost-effectiveness. Consumer preferences for natural ingredients, despite the lower production costs of synthetic alternatives, are driving the growth of the natural segment in the market.

Market Drivers - Cost-Effective Nutritional Benefits

Cost-effective food products with high nutritional benefits are propelling market growth. Consumers, driven by increased health awareness, are seeking balanced diets and functional foods that offer both satisfaction and immune-boosting properties. Product innovations in flavors and variants further contribute to the market's growth.

North America's Rising Health-Conscious Market

Increasing health-consciousness is a key driver of the North American functional food ingredients market. Consumers in North America are paying closer attention to food labels, driving the demand for health-promoting ingredients. The region's dominance in the market is fueled by a growing awareness of health benefits and a higher prevalence of chronic diseases.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=9242020

Key Players and Investments

Major players in the North American functional food ingredients industry, such as Cargill, Archer Daniels Midland Company, and DuPont, are investing in research and development. Notable investments include Cargill's USD 146 million expansion of its protein production facility in Tennessee and ADM's introduction of Onavita DHA algal oil.

Conclusion: Shaping a Healthier Future

The global functional food ingredients market is evolving to meet the demands of health-conscious consumers. With a focus on probiotics, natural sourcing, and cost-effective nutritional benefits, the industry is poised for sustained growth, supported by continuous research and development efforts.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/functional-food-ingredients-market-9242020.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.