Functional Food Ingredients Market worth $173.74 billion by 2030, growing at a CAGR of 8.10% - Exclusive Report by 360iResearch

The "Functional Food Ingredients Market by Type (Antioxidants, Carotenoids, Omega-3 Fatty Acids), Source (Natural, Synthetic), Health Benefits, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Functional Food Ingredients Market to grow from USD 100.67 billion in 2023 to USD 173.74 billion by 2030, at a CAGR of 8.10%.

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Functional food ingredients are components typically added to foods to provide health benefits beyond basic nutrition. These ingredients target various health-related concerns, such as enhancing immune function, improving digestive health, reducing the risk of chronic disease, or providing additional energy. The utilization of functional food ingredients in conventional and fortified foods positively influences specific bodily functions or conditions and meets basic nutritional requirements. The rising awareness regarding balanced nutrition and diet in consumers' daily lives boosts the need for functional food ingredients. The growing preference for plant-based and organic foods worldwide also propels the demand for functional food ingredients. However, the difficulties associated with processing these ingredients are a significant concern for the key players operating in the global space. Companies frequently work towards research and development (R&D) activities to maintain their agility within the landscape. Moreover, the recent advancements in the taste profiles of functional food ingredients and ongoing government approvals for these ingredients have created future opportunities for manufacturers and suppliers.

Application: Pertaining use of functional food ingredients in dairy products and dietary supplements promoting digestive health and boosting the immune system

Bakery and confectionery products are often enriched with functional ingredients to cater to health-conscious consumers. Ingredients such as fibers, protein, vitamins, minerals, and certain plant extracts, such as gluten-free products, are incorporated to enhance the nutritional profile and cater to specific dietary needs. Functional beverages include energy drinks, fortified juices, and health drinks that provide various benefits, such as enhanced performance, energy boosts, and improved digestion. Ingredients such as caffeine, antioxidants, dietary fibers, vitamins, and minerals are typical additions to these drinks. Dairy products often incorporate probiotics, prebiotics, vitamins, and omega-3 fatty acids to improve gut health and provide additional nutrients. Dietary supplements, including tablets, capsules, and powders, are fortified with vitamins, minerals, and enzymes to complement a regular diet and improve overall health. Infant formula is designed to closely mimic breast milk and is fortified with a range of functional ingredients, including fatty acids such as DHA, prebiotics, probiotics, and essential vitamins and minerals to support growth and development in infants. Healthier meat options, such as low-sodium sausages, high-protein meats, and omega-3-enriched products, have been made possible through functional ingredients. Functional food ingredients in meat and meat products improve dietary fiber content and reduce fat and cholesterol content.

Type: Availability of varied functional ingredients in preference to their characteristics in food & beverage applications

Antioxidants are critical components in functional food ingredients due to their potential role in health promotion and disease prevention. These compounds help neutralize free radicals, which can prevent oxidative stress, a factor linked to chronic diseases such as cancer, cardiovascular diseases, and neurodegenerative disorders. Omega-3 fatty acids, notably eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), are essential for maintaining cardiovascular health and supporting brain function. Their inclusion in functional foods, such as fortified dairy products, bread, and infant formulas, has been a trend driven by well-substantiated health claims. Prebiotics are non-digestible food components that benefit the host by selectively stimulating the growth and activity of beneficial bacteria in the colon. The rising awareness about gut health and its connection to overall well-being drives the inclusion of prebiotics in functional foods. Prebiotics are increasingly combined with probiotics to create synbiotic products that harness the synergistic effects of both ingredients. Proteins and peptides are gaining traction in the functional food sector for their wide-ranging benefits, including muscle repair, weight management, and satiety. The increasing interest in fitness and healthy lifestyles has elevated the demand for protein-enriched products beyond traditional bodybuilders to a more mainstream audience. Bioactive peptides, often derived from enzymatic hydrolysis of proteins, are emerging as novel ingredients with potential health benefits, including antihypertensive, antioxidant, and antimicrobial properties. Vitamins and minerals are indispensable micronutrients, playing a vital role in various physiological functions essential for overall health. Fortifying foods with these micronutrients is a well-established method to prevent deficiencies in the general population. With an increasing consumer focus on preventative healthcare, there is a marked interest in fortified and enriched foods that provide a host of micronutrients beyond addressing deficiencies.

Health Benefits: Growing preference towards Omega-3 fatty acids and vitamins in daily meals to cater to numerous health concerns

Functional food ingredients play a critical role in bone health by providing calcium and vitamin D, which are well-known for their importance in maintaining bone density and strength. Ingredients rich in these nutrients can help prevent osteoporosis and reduce the risk of fractures. Collagen peptides are another functional ingredient that benefits bone health by supporting bone mineral density and promoting bone formation. On the other hand, probiotics and prebiotics are key functional food ingredients that help enhance gut health. Probiotics, such as lactobacillus and bifidobacterium strains, help maintain a healthy balance of beneficial bacteria in the gut, improving the integrity of the gut barrier, reducing inflammation, and offering relief from gastrointestinal disorders. Omega-3 fatty acids, found in fish oil and flaxseed foods, reduce blood triglyceride levels, lower blood pressure, and decrease the risk of arrhythmias. Plant sterols and stanols can help reduce cholesterol levels, a major risk factor for heart disease. Vitamins A, C, D, and E and zinc and selenium are crucial for optimal immune function. These micronutrients act as antioxidants, support cellular immune response, and maintain the integrity of physical barriers such as the skin and mucosal membranes. Functional food ingredients that help nutrition provide essential vitamins, minerals, amino acids, and other nutrients necessary for the body's various biochemical processes. These include macronutrients such as protein and healthy fats, foundational for building and repairing tissues, and micronutrients contributing to enzyme function and energy metabolism.

Source: Increasing uses of organic food ingredients offering better health outcomes and sustainability

Natural functional food ingredients are derived directly from plants, animals, or other living organisms without significant processing. They are highly sought after due to the growing consumer demand for 'clean label' products perceived as healthier and more environmentally sustainable. These ingredients carry the inherent benefits of their source, such as antioxidants from plants or omega-3 fatty acids from fish. On the other hand, synthetic ingredients ensure consistency and underscore the importance of meeting strict safety regulations to gain consumer trust. Essential amino acids, particularly indispensable for dietary supplementation, can be sourced from animal proteins, chemical synthesis, or microbial fermentation to cater to diverse consumer needs. Carotenoids and phytochemicals, known for their antioxidant properties and health benefits, are sought after in their natural plant-derived form, though synthetic versions offer cost advantages and stability. While, vitamins are imperative for health and can be obtained from whole foods, fermentation, or synthetically, the latter being extensively used in food fortification due to their stability and cost efficiency.

Regional Insights:

In America, countries including the United States and Canada, a growing trend for health and wellness products and the need for natural and organic ingredients in fortified food created a significant demand for functional food ingredients. At the same time, the research and development (R&D) activities by key companies in this region have also propelled the market of functional food ingredients. Similarly, Europe's stringent regulations governing the functional food ingredients market witnessed a strong interest in non-GMO, organic, and sustainably sourced ingredients. Meanwhile, the Middle East and Africa regions present a diverse landscape for functional food ingredients with varying levels of market maturity. In the wealthy Gulf states, there is an increasing demand for premium health products, including those containing functional ingredients. Moreover, in Asia and the Pacific region, countries including China, Japan, and India have exhibited rapid growth in demand for functional food ingredients, influenced by the aging population and rising income levels. Traditional Chinese medicinal ingredients that offer health benefits are increasingly used in functional foods in this country. China's focus on innovation has led to substantial investment in this sector and the implementation of favorable policies to support market growth.

Market Segmentation & Coverage:

This research report categorizes the Functional Food Ingredients Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Antioxidants, Carotenoids, Omega-3 Fatty Acids, Prebiotics, Probiotics, Proteins & Peptides, and Vitamins & Minerals. The Proteins & Peptides commanded largest market share of 20.92% in 2023, followed by Vitamins & Minerals.

Based on Source, market is studied across Natural and Synthetic. The Natural commanded largest market share of 58.55% in 2023, followed by Synthetic.

Based on Health Benefits, market is studied across Bone Health, Gut Health, Heart Health, Immunity, Nutritive Health, and Weight Management. The Immunity commanded largest market share of 30.56% in 2023, followed by Nutritive Health.

Based on Application, market is studied across Bakery & Confectionery, Beverages, Dairy Products, Dietary Supplements, Infant Formula, and Meat & Meat Products. The Dietary Supplements commanded largest market share of 24.68% in 2023, followed by Dairy Products.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.67% in 2023, followed by Europe, Middle East & Africa.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Functional Food Ingredients Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Functional Food Ingredients Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Functional Food Ingredients Market, highlighting leading vendors and their innovative profiles. These include Ajinomoto Co., Inc., Akay Natural Ingredients Private Limited, Amway Corporation, Archer Daniels Midland Company, Arla Foods Group, Associated British Foods PLC, BASF SE, Beneo GmbH, Carbery Food Ingredients Limited, Cargill, Incorporated, Chr. Hansen Holding A/S, Corbion N.V., Evonik Industries AG, Ginkgo Bioworks Holdings, Inc., Glanbia PLC, ICL Group Ltd., Ingredion Incorporated, International Flavors & Fragrances Inc., Kao Corporation, Kemin Industries, Inc., KEMTIA by Productos Aditivos Group, Kerry Group PLC, Koninklijke DSM N.V., Lacto Japan Co., Ltd., Maypro Group, Nuritas Ltd., Paleo B.V., Pellagic Food Ingredients Pvt. Ltd., Sensient Technologies Corporation, Shiru, Inc., Tate & Lyle PLC, Teijin Limited, and The Every Company.

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Functional Food Ingredients Market, by Type
7. Functional Food Ingredients Market, by Source
8. Functional Food Ingredients Market, by Health Benefits
9. Functional Food Ingredients Market, by Application
10. Americas Functional Food Ingredients Market
11. Asia-Pacific Functional Food Ingredients Market
12. Europe, Middle East & Africa Functional Food Ingredients Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Functional Food Ingredients Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Functional Food Ingredients Market?
3. What is the competitive strategic window for opportunities in the Functional Food Ingredients Market?
4. What are the technology trends and regulatory frameworks in the Functional Food Ingredients Market?
5. What is the market share of the leading vendors in the Functional Food Ingredients Market?
6. What modes and strategic moves are considered suitable for entering the Functional Food Ingredients Market?

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