Global Functional Food Ingredients Market by Ingredients, Product Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global functional food ingredients market was valued at USD 174 billion in 2019 and is expected to reach USD 290 billion by 2026, expanding at a CAGR of around 7.9 % during the forecast period, 2020–2026. The growth of the market is attributed to increasing health and fitness awareness and rising prevalence of chronic diseases.
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Functional food refers to additional ingredient added to food for extra nutrients and health benefits. The products are often consumed to promote healthy lifestyle or prevent chronic disease. Usually some edible plants or exotic vegetables are added to food to enrich the quality of the food and ability to provide vital proteins and carbohydrates.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing awareness regarding benefits of fatty acids, fish oil to prevent cardiovascular diseases is driving the growth of the business.
- Expanding network for retail business and rising population is steering the growth of the market.
- Growing preference towards healthy food options and higher disposable income is fueling the growth of the market.
- Concerns regarding processed food instead of fresh natural options is hampering the market growth.
- Evolution and advancement in wellness foods is expected to foster the growth of the market in forecasted period.
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Competitive Landscape:
Major companies in global functional food ingredients market includes Amway, The Archer Daniels Midland Company, Arla Foods amba, BASF SE, Cargill Inc, Koninklijke DSM N.V, General Mills Inc, Herbalife Nutrition, Ingredion Incorporated, Kerry Group plc, Nestlé S.A, Standard Functional Foods Group Inc, and Tate & Lyle PLC. The market players are involved in making fusion products which are nutritious, cost effective and natural to to amplify their market share and gain traction in global market place. The companies are engaging in making strategic decision such as product launches, R&D, agreements, and collaborations to gain market share.
The global functional food ingredients market has been segmented on the basis of
Ingredients
- Carotenoids
- Dietary Fibers
- Fatty Acids
- Minerals
- Prebiotics & Probiotics
- Vitamins
- Others
Product Types
- Bakery & Cereals
- Dairy Products
- Meat
- Fish & Eggs
- Soy Products
- Fats & Oils
- Others
Applications
- Sports Nutrition
- Weight Management
- Immunity
- Digestive Health
- Clinical Nutrition
- Cardio Health
- Others
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Functional Food Ingredients Market Overview
- Global Functional Food Ingredients Market Analysis and Forecast by Type
- Global Functional Food Ingredients Market Analysis and Forecast by Application
- Global Functional Food Ingredients Market Analysis and Forecast by Sales Channel
- Global Functional Food Ingredients Market Analysis and Forecast by Region
- North Functional Food Ingredients Market Analysis and Forecast
- Latin Functional Food Ingredients Market Analysis and Forecast
- Europe Functional Food Ingredients Market Analysis and Forecast
- Asia Pacific Functional Food Ingredients Market Analysis and Forecast
- Middle East & Africa Functional Food Ingredients Market Analysis and Forecast
- Competition Landscape
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