Global Functional Food Ingredients Market Comprehensive Study : Forecasted Market Size And Growth Rate | Cargill Incorporated, Nestle, Archer Daniels Midland Company, BASF SE, Arla Foods amba, Koninklijke DSM NV, Ajinomoto

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The Business Research Company offers in-depth market insights through Functional Food Ingredients Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The functional food ingredients market size has grown strongly in recent years. It will grow from $110.61 billion in 2023 to $120.27 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing health consciousness, rising incidence of lifestyle-related diseases, consumer demand for natural and clean label products, research and development in nutraceuticals, collaboration between food and pharmaceutical industries.

The functional food ingredients market size is expected to see strong growth in the next few years. It will grow to $175.25 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to personalized nutrition and customization, integration of functional ingredients in conventional foods, focus on mental and cognitive health, expansion of the senior population, e-commerce and direct-to-consumer trends. Major trends in the forecast period include advancements in food biotechnology, advancements in food science and technology, rising demand for plant-based ingredients, focus on gut health ingredients, emergence of adaptogens.

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Market Segmentation:
The functional food ingredients market covered in this report is segmented -

1) By Type: Probiotics And Prebiotics, Carotenoids, Dietary Fibers, Fatty Acids, Vitamins, Minerals, Others
2) By Source: Natural Synthetic
3) By Application: Beverages, Dairy Products, Infant Food, Bakery And Confectionery, Others

Major Driver - The Surging Demand For Fortified Food & Beverage Products In Driving The Functional Food Ingredients Market
The rise in demand for fortified food & beverage products is expected to contribute to the growth of the functional food ingredients market. Fortified foods are functional foods that lack natural nutrients; nutrients are added to them. These foods boost nutrition and provide health advantages. Fortified foods are functional foods without natural nutrients in them, nutrients are added to them, and these foods improve nutrition, add health benefits. Fortified foods & beverage products consumption is increasing due to growing health consciousness in consumers, increasing disease occurrences, increasing consumer's disposable income. The medicinal properties of these foods in providing healing benefits apart from energy and essential nutrients are motivating consumers to spend more on healthy food products. For instance, in April 2022, according to a report shared by Common Thread Collective, a US-based e-commerce growth agency, in 2021, global food and beverage sales were $435.3 billion, and in 2022 it was $506 billion. It is expected to reach $857 billion by 2025. Therefore, the rise in demand for fortified food & beverage products will drive the functional food ingredients market growth.

Competitive Landscape:
Major companies operating in the functional food ingredients market report are Cargill Incorporated, Nestle, Archer Daniels Midland Company, BASF SE, Arla Foods amba, Koninklijke DSM NV, Ajinomoto, Kerry Group, Ingredion Incorporated, Glanbia plc, DuPont Nutrition & Biosciences, FMC Corporation, Roquette Frères, Royal Cosun, Ashland, Tate & Lyle PLC, Corbion N.V., Brevel, Chr. Hansen Holding A/S, Kemin Industries Inc., Ginkgo BioWorks, Naturex, Beneo, Fuerest Day Lawson, The Every Company, Nuritas, Foodchem International Corporation, Global Specialty Ingredients (GSI), A&B Ingredients, Shiru Inc., Native Pet, Sophie's Bionutrients Pte. Ltd., Clean Food Group, Paragon Pure, Canomiks

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Top Trend - Innovative Probiotic Starter Cultures For Improved Yogurt Quality And Extended Shelf Life
Major companies operating in the functional food ingredients market are focusing on innovative products such as probiotic starter cultures to drive revenues in their market. Probiotic starter cultures usually contain a variety of yeast strains and lactic acid bacteria (LAB) that aid in fermentation and produce a range of metabolites that enhance the end product's quality attributes. For instance, in September 2023, Royal DSM N.V. a Netherlands-based science-based company launched delvo fresh pioneer. These cultures are proven to retain an exceptionally stable pH for up to 60 days in cold storage, making them perfect for high-value recipes such as mild, reduced-sugar yogurts and smooth, creamy yogurts. Delvo fresh pioneer is a new generation of starting cultures that offers remarkable ph stability throughout processing and shelf life. With noticeable and quantifiable decreases in post-acidification, the delvo fresh pioneer cultures provide contemporary dairy producers with exceptional versatility to guarantee a tasty, creamy, and smooth yogurt for the duration of its life.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Functional Food Ingredients Market Characteristics
3. Functional Food Ingredients Market Trends And Strategies
4. Functional Food Ingredients Market - Macro Economic Scenario
5. Functional Food Ingredients Market Size And Growth
…..
27. Functional Food Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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