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Global Functional Food Ingredients Market share continue to grow by 2016-2024
Global Functional Food Ingredients Market: Overview
A type of food that has well characterized dietary supplement ingredients to provide nutrition beyond basic diet is termed as the functional food. The ingredients that are added in this functional food to prevent disease, increase immunity and promote the health and fitness are called as functional food ingredients. Functional foods are majorly used to reap the physiological benefits and reduce the risk of chronic disease.
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Global Functional Food Ingredients Market: Segmentation
The global functional food ingredients market is broadly segmented by the various type, applications, and various health benefits. Based on the type of ingredients present in functional foods are bifurcated as flavonoids, hydrocolloids, minerals, essential oil, omega 3 & 6 fatty acids, protein, acidulates, vitamins, probiotics, prebiotics. Further, based on the health benefits it segmented as Gut health, Bone health, Heart health, Nutrition, and Immunity. In addition, it is also sub-segmented based on the end user applications which include food, digestive health products, sports nutrition, and beverages. Moreover, geographically, global functional food ingredients market is segmented into various regions which include North America, Europe, Asia-Pacific, Middle East, Africa and Rest of the World.
Global Functional Food Ingredients Market: Growth Factors
Increasing demand, awareness among the people about the intake benefits, and growing disposable income are one of the factors responsible for the growth of functional food ingredients market. Changing modern lifestyles and dietary patterns is also fostering the growth of the global market. Augmenting beverage and dairy industries and growing demand for bakery products are also some factors responsible for the growth of the global functional food ingredients market. Rising population and people getting more health conscious is also fueling the demand for the functional food ingredients. Consumer inclining towards preventive methods to avoid the forthcoming disease rather than treating it post illness and young generation focusing more on their fitness are also some of the development factor enhancing the growth of the global functional food ingredients market. Government introducing stringent regulations for food safety is hindering the global market till some extent.
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Global Functional Food Ingredients Market: Regional Analysis
Asia-Pacific region is leading the global functional food ingredients market and it is expected to grow and sustain its influence in coming period due to rising demand, consciousness among people about consumption benefits, and growing disposable income in emerging nations like India and China.
Global Functional Food Ingredients Market: Competitive Players
Prominent players dominating the global functional food ingredients market include Koninklijke Dsm N.V., Kerry Group PLC, Arla Foods, Tate & Lyle PLC, Associated British Foods PLC, Archer Daniels Midland Company, Cargill, Incorporated, BASF SE, Ingredion Incorporated, and E. I. Du Pont De Nemours and Company.
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Functional Food Ingredients Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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