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Functional Food Ingredients Market Size to Boost USD 204.84 Billion By 2032 | CAGR 6.9% - Published by Emergen Research
Functional Food Ingredients Market
The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Drivers of the Functional Food Ingredients Market :
Several factors drive the growth of the functional food ingredients market. One significant driver is the increasing consumer awareness and interest in health and wellness, leading to a shift towards preventive healthcare and dietary choices that support overall well-being. As consumers become more health-conscious, there is a growing demand for functional food products fortified with ingredients known to promote specific health benefits, such as digestive health, immune support, heart health, and weight management. Moreover, the aging population and rising prevalence of chronic diseases drive the demand for functional foods targeted at addressing age-related health concerns and improving quality of life.
Restraints and Challenges
Despite its growth prospects, the functional food ingredients market faces certain challenges and restraints. One challenge is the regulatory landscape governing health claims and labeling of functional food products, which varies across different regions and countries. Regulatory complexities and stringent requirements for scientific substantiation of health claims can hinder product innovation and market expansion. Additionally, consumer skepticism towards the efficacy and safety of certain functional ingredients, as well as concerns about allergens and food sensitivities, pose challenges to market growth.
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The report also discusses the key players involved in the market such as:
Cargill, Incorporated, BASF SE, ADM¸ DuPont, Arla Foods Amba, Kerry Group plc, Ajinomoto Co., Inc., DSM, Ingredion, and DSM.
The report provides a thorough estimation of the overall impact of the pandemic on the Functional Food Ingredients Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Functional Food Ingredients Market
Functional Food Ingredients Latest Industry News
On 4 April 2023, Insempra, a biology-powered startup that helps businesses to build better products with nature, announced the launch of its first functional ingredient, a biotechnologically produced, 100% natural Alpha-Ionone taste and fragrance ingredient for food and cosmetics market applications. Alpha-ionone is an aroma molecule found in essential oils extracted mostly from natural sources such as raspberries, almonds, and blackberries.
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Functional Food Ingredients Market Segment Analysis :
For the purpose of this report, Emergen Research has segmented the global functional food ingredients market on the basis of type of ingredient, source, health benefit, application, certifications and labels, distribution channel, and region:
Type of ingredient Outlook (Revenue, USD Billion; 2019-2032)
Probiotics
Proteins & Amino Acids
Phytochemicals & Plant Extracts
Prebiotics
Fiber & Specialty Carbohydrates
Carotenoids
Vitamins
Source Outlook (Revenue, USD Billion; 2019-2032)
Animal
Plant
Microbial
Health Benefit Outlook (Revenue, USD Billion; 2019-2032)
Gut Health
Cardiovascular Health
Immunity
Nutritive Health
Weight Management
Other Health Benefits
Application Outlook (Revenue, USD Billion; 2019-2032)
Food
Infant Food
Dairy Products
Bakery Products
Confectionery Products
Snacks
Other Food Applications
Beverages
Juices
Health Drinks
Certifications and Labels Outlook (Revenue, USD Billion; 2019-2032)
Organic
Non-Genetically Modified Organisms (GMO)
Gluten-Free
Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)
Online
Retail Stores
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Israel
Rest of Middle East & Africa
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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