Functional Ingredients Market to Surpass $186.75 Billion by 2030

[Redding, California, February 16, 2024] - Meticulous Research®, a premier global market research company, announces the publication of its latest report titled "Functional Ingredients Market by Type (Vitamins, Protein, Amino Acid, Probiotics), Source (Natural), and Application (Food and Beverage [Dairy Products, Bakery & Confectionery, Energy Drinks], Pharmaceuticals, Animal Nutrition) - Global Forecast to 2030." This comprehensive analysis forecasts the global functional ingredients market to attain a staggering valuation of $186.75 billion by 2030, boasting a robust Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period spanning from 2023 to 2030.

Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5645

Driving Factors:
The growth trajectory of the functional ingredients market is fueled by an array of factors including the escalating demand for functional ingredients within the food and beverage sector, burgeoning health and wellness trends, a paradigm shift towards healthier and nutrition-rich diets, evolving lifestyles, surging incidences of chronic diseases, and the burgeoning demand for compound feed. Despite these advancements, stringent government regulations and the high prices of functional ingredients pose challenges to market expansion. However, the increasing investments by vendors in the functional food and beverages industry present lucrative growth opportunities for stakeholders in this domain. Additionally, the soaring demand for natural, organic, and clean-label ingredients emerges as a significant trend in the global functional ingredients market.

Key Market Players:
Archer-Daniels-Midland Company, Arla Foods amba, BASF SE, Chr. Hansen Holding A/S, Cargill, Incorporated, International Flavors & Fragrances Inc., Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., Glanbia plc., Roquette Frères S.A., and Tate & Lyle Plc. are among the notable entities spearheading innovation and driving transformative progress within the global functional ingredients market.

Browse in depth @ https://www.meticulousresearch.com/product/functional-ingredients-market-5645

The global functional ingredients market is segmented by type (vitamins, proteins and amino acids, minerals, probiotics, prebiotics, botanical extracts, omega-3 & 6 fatty acids, fibers & specialty carbohydrates, and other functional ingredients), by source (naturally-sourced functional ingredients and synthetic-sourced functional ingredients), by application (food and beverage [food {dairy products, bakery & confectionery, snacks, infant food, and other food applications}, beverage [energy drinks, sports drinks, fortified juices, dairy-based beverages, and other beverages}}, pharmaceuticals, animal nutrition, and other applications), and by geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses the regional and country-level markets.

Based on type, the global functional ingredients market is segmented into vitamins, proteins and amino acids, minerals, probiotics, prebiotics, botanical extracts, omega-3 & 6 fatty acids, fibers & specialty carbohydrates, and other functional ingredients. The vitamins segment is expected to account for the largest share of the global functional ingredients market in 2023 owing to the growing demand for vitamins for fortification of food and beverages, animal feed, healthcare, and personal care products, increasing aging population, and rising prevalence of vitamin deficiencies. In addition, the rising consumer awareness regarding the importance of maintaining a healthy lifestyle and the benefits of incorporating vitamins into their daily routines have also contributed to the growth of this segment. Furthermore, the expansion of the e-commerce sector and the ease of availability of vitamin-based supplements and products are further supporting the growth of this market across the globe.

Speck to our analyst @ https://www.meticulousresearch.com/speak-to-analyst/cp_id=5645

Based on source, the global functional ingredients market is segmented into naturally-sourced functional ingredients and synthetic-sourced functional ingredients. The naturally-sourced functional ingredients segment is expected to account for the larger share of the global functional ingredients market in 2023 owing to the increasing consumer preferences for health-conscious and sustainable products and their concern about possible health risks and side effects associated with artificial food and synthetic chemicals. Moreover, this naturally-sourced functional ingredients segment is further projected to register the highest CAGR during the forecast period owing to the rising imposition of stringent regulations and guidelines from regulatory bodies regarding the use of synthetic-sourced functional ingredients.

Based on application, the global functional ingredients market is segmented into food and beverage (food {dairy products, bakery & confectionery, snacks, infant food, and other food applications}, beverage {energy drinks, sports drinks, fortified juices, dairy-based beverages, and other beverages}), pharmaceuticals, animal nutrition, and other applications. The food and beverage segment is expected to account for the largest share of the global functional ingredients market in 2023 owing to the growing demand for nutritional and fortifying food products and increasing consumer preferences for foods and beverages with functional ingredients to lower the risk of specific health concerns, such as obesity, weight loss, diabetes, and cardiovascular diseases.

Quick Buy - Functional Ingredients Market - Global Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/63195095

Based on geography, the functional ingredients market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the global functional ingredients market, followed by Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The large share of this market is primarily attributed to the increased awareness of the health benefits of functional ingredients, the well-established food and beverage industry, the presence of a large number of major food and beverage players, increasing demand for clean-label foods, and advancements in nutrition and food technology. In addition, the growing trend of personalized nutrition and the rising prevalence of chronic diseases in the region is further expected to drive the demand for functional ingredients in North America during the forecast period.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

This release was published on openPR.