Functional Food Ingredients Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | BASF SE, Arla Foods amba, Ajinomoto, Kerry Group, FMC Corporation

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Functional Food Ingredients Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $175.25 billion In 2028 At A CAGR Of 9.9% :

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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Functional Food Ingredients Market Major Segments
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

Key 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.

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Prominent Trend - Innovative Dietary Supplements Enhances Growth In The Functional Food Ingredients Market

Major companies operating in the functional food ingredients market are focused on innovating new products such as dietary supplements to sustain their position in the market. Dietary supplements are products intended to supplement the diet and provide additional nutrients that may be missing or insufficient in one's regular food intake. For instance, in November 2021, The Nature's Bounty Co. a US-based brand of health and wellness products, including vitamins and supplements launched jelly bean vitamin line. These fruit-flavored, vegetarian jelly bean vitamins don't use gelatin or artificial sweeteners. They are made to offer both adults and children a tasty and entertaining method to promote many elements of wellness. These jelly bean vitamins are free of artificial sweeteners and tastes and are designed to assist the entire body on a regular basis. The purpose of these jelly bean vitamins is to offer vital vitamins and nutrients that promote general health, immunological function, vitality, and sleep.

Functional Food Ingredients Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the functional food ingredients market in 2023. Europe was the second-largest market in the functional food ingredients market. The regions covered in the functional food ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Functional Food Ingredients Market Report Structure
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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