Functional Food Ingredients Market: Demand for Functional Foods to Remain High from Functional Beverages Segment
The increasing demand for health benefitting foods that is needed beyond basic nutrition to promote optimal health is currently the cornerstone of the development of functional food ingredients market. The growing awareness among a large population demographic regarding the consumption of nutritive food rather than only satisfying taste and appeal considerations is providing a strong basis for the growth of players in the market. As a result, consumers are opting for nutritive convenience foods and nutritionally fortified foods in place of traditional convenience and junk foods. In particular, in developed economies, the changing perception of food cabinet as a medical cabinet is leading to an increasing number of consumers stocking up on wholesome foods. Hence, functional foods are increasingly becoming a commonality in the kitchens of health-savvy consumers.
Download ToC: https://www.transparencymarketresearch.com/report-toc/10751
Increasing product innovations complemented with the development of novel chemicals to enhance the taste and appeal of functional food is further giving an impetus to the functional food ingredients market. Furthermore, the easy availability of a large variety of functional foods is favoring the growth of this market.
However, the market is challenged by stringent regulatory agencies that have a lengthy approval process before food is available for commercial sales. These mandates are based on the safety norms in place for foods to be suitable for consumption for varied social demographics and varied age groups. Accredited agencies such as the UN’s FAO and FDA are constantly monitoring the use of colors and chemicals in foods, especially for new markets such as the global functional food ingredients market. As such, product manufacturers are under pressure to obtain approvals prior to manufacture and distribution, which adds up to the time taken for the final product to be available for commercial sales.
In terms of revenue, the global market for functional food ingredients is projected to be worth US$32.4 bn by 2024 increasing from US$19.38 bn in 2015 at a CAGR of 6.0% between 2016 and 2024.
Browse Full Report at: https://www.transparencymarketresearch.com/multifunctional-food-ingredients-market.html
Rising Disposable Incomes and Increasing Spending on Health Benefitting Foods to Boost Functional Food Ingredients Market in Asia Pacific and Latin America
North America stood as the largest market for functional food in 2015 accounting for US$6.99 bn revenue of the overall market. The region is displaying a robust demand for functional foods in comparison to functional beverages due to their increasing availability in restaurants and eating joints.
However, the emerging economies of Asia Pacific and Latin America are currently offering tremendous growth opportunities for players in the functional food ingredients market. Countries such as China, India, Brazil, and other nations that are in similar state of intense economic growth have a large working class population with disposable incomes and are spending heftily on healthy foods and nutritional supplements. This is expected to translate into great opportunities for manufacturers of functional food ingredients and also due to relatively relaxed regulations in Latin America and Asia Pacific.
Demand for Functional Foods to Remain High from Functional Beverages Segment
The demand for functional foods is expected to outdo the demand for functional beverages. Although beverages have been popular due to ease of manufacturing and can be modified to myriad tastes, functional foods are displaying a greater demand for health reasons.
Some of the leading players operating in the global functional food ingredients market are Associated British Foods PLC, Cargill Incorporated, Archer Daniels Midland Company, BASF SE, DMH Ingredients, Ajinomoto Co. Inc., Kerry Group PLC, Ingredion Incorporated, E.l. Du Pont De Nemours and Company, Arla Foods, and Koninklijke Dsm N.V.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Functional Food Ingredients Market: Demand for Functional Foods to Remain High from Functional Beverages Segment here
News-ID: 788550 • Views: 368
More Releases from Transparency Market Research
Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals
More Releases for Food
Norway Baby food 2018
The Norway Baby Food Markets research report introduces a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry- approved market data. Within the near future, the Norway Baby Food Market is expected to lead in terms of rate of growth. The report shows a detailed picture of the market by way of study, synthesis, and summation of information from multiple sources. The report
Organic Baby Food
Future Market Insights (FMI) has released a new report titled, “Organic Baby Food Market - BRIC Industry Analysis and Opportunity Assessment 2015-2020”. According to the report, the global organic baby food market is expected to account for US$ 5.6 Bn by 2020, registering a CAGR of 10.5% during the forecast period. On the other hand, the BRIC organic baby food market is projected to reach US$ 3,528.7 Mn at a
Food Marketing Conference 2018
Earlier nutrition market was concentrated of products for treatment of malnutrition condition but now due to innovations in the healthcare sector and due rising awareness among the people the market for nutritional products like healthy supplements, organic food and functional food has increased. The transitional change in the lifestyle of people and due to the rising number of people suffering from various chronic ailments has led the public to intake
Organic baby food
WELCOME TO BUB’S DELIGHT 100% ORGANIC FOOD FOR YOUR BABY OR TODDLER – FREE DELIVERY – Bub’s Delight was passionately founded by French chef Julien Audibert, who recognised a need for fresh, organic food for babies and toddlers in a market unfortunately flooded with ‘quick fix’ meals containing often low nutrition values for the good ones, and chemicals and nasties for the others. The idea that we feed our young children, food that we
Milk Food Limited
"Milk Food Limited - Company Profile & Financial Analysis" contains in depth information and data about the company and its operations. You will find information on the business structure, areas of operation, products and services offered by the company. It also comprises SWOT analysis, key ratios, historical financial data and insider’s view on financial stability and industrial ranking with financial forecasts for two- year period. This report is a decisive resource
Packaged Food in Croatia
Packaged food has never been much influenced by the economy given its essential nature. But, just as consumers have been reluctant to sharply reduce their purchases of packaged food during the hardest economic times, they are inert in increasing their consumption now that disposable income is rising. Consumer habits are hard to change when it comes to food, because food is a basic household necessity. Euromonitor International’s Packaged Food in Croatia