functional ingredients market size reached USD 67.94 Billion in 2020 and is expected to register a revenue CAGR of 6.3%, during the forecast period, according to latest analysis by Emergen Research. Some of the major factors driving global functional ingredients market revenue growth are rising demand for nutraceuticals for disease risk reduction and increasing demand for functional ingredients in personal care and pharmaceutical industries. Increasing demand for probiotics-based food and beverages is also expected to boost revenue growth of the market going ahead.
Rising demand for nutraceuticals for disease risk reduction is expected to augment market growth in the near future. Nutraceuticals are food-derived products that are taken in tablet, capsule, and liquid forms and offer physiological advantages. Nutraceuticals help maintain good health and reduce the risk of diseases. Increasing demand for functional ingredients in personal care and pharmaceutical industries is expected to boost market revenue growth going ahead. Functional ingredients are used in the pharmaceutical industry as materials for tablet surface coating and in the cosmetics sector for manufacturing of creams as well as other personal care and grooming products. Availability of demographic-specific probiotics, including for different genders and geriatrics, differentiates the probiotics business. Rising demand for probiotic-based foods and beverage products is expected to continue to drive market revenue growth over the forecast period.
Functional Ingredients market that offers key insights about the regional and global scope of the Functional Ingredients market. It offers key details about the recent product launches, technological advancements, supply and demand ratio, and regulatory framework. The report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2021-2028. The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.
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The research report offers details about leading companies in the global Functional Ingredients market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
The report also discusses the key players involved in the market such as Ingredion Incorporated, FMC Corporation, Archer Daniels Midland Company, Golden Grain Group Limited, Cargill Inc., Roquette Freres SA, Omega Protein Corporation, BASF SE, BENEO GmbH, and Zimitech, Inc. (Sugarlogix) as well as new entrants in the market.
Some Key Highlights From the Report
Rice protein segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Customers’ increasing awareness of nutritious foods is expected to boost demand for rice protein in a range of sporting and energy-related nutritional foods, which is expected to boost revenue growth of this segment.
Food & beverages segment is expected to lead in terms of revenue share over the forecast period. Increasing customers interest in functional ingredients that offer additional health and fitness benefits due to rising customer awareness regarding health and wellness and better nutritional health benefits.
North America is expected to account for a larger revenue share than other regional markets over the forecast period because of increased health issues and increased prevalence of diseases including diabetes, obesity, and digestive problems in countries in the region, demand for nutritious foods is increasing.
The report further segments the global Functional Ingredients market on the basis of product types and applications and provides insights into key factors influencing the revenue growth of the segments.
Emergen Research has segmented the global functional ingredients on the basis of product, source, application, and region:
Product Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)
Conjugated Linoleic Acid
Mung Bean Protein
Omega-3 (EPA, DHA, ALA)
Source Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)
Application Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)
Food & Beverages
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
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Functional Ingredients Market Segmentation based on Regions:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
Latin America (Brazil, Rest of Latin America)
Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)
Excerpts from the summary:
Chapter 1: Functional Ingredients Market Overview, Drivers, Restrictions and Opportunities, Segmentation Overview
Chapter 2: Market competition by manufacturers
Chapter 3: Production by regions
Chapter 4: Consumption by Regions
Chapter 5: Production, by types, revenue and market share by types
Chapter 6: Consumption, by applications, market share (%) and growth rate by applications
Chapter 7: Profiling and comprehensive analysis of Producers
Chapter 8: Production Cost Analysis, Raw Material Analysis, Regional Production Expenses.
Chapter 9: Industrial chain, sourcing strategy and downstream buyers
Chapter 10: Marketing strategy analysis, distributors / merchants
Chapter 11: Functional Ingredients Market Effect Factors Analysis
Chapter 12: Market Forecasts
Chapter 13: Functional Ingredients Research findings and conclusions, Appendix, methodology and data source.
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