Functional food ingredients help in proper weight management, improves infant health, and helps in preventing conditions such as high blood pressure. Functional food ingredient is becoming increasingly popular among the younger section of the population who are becoming conscious about health and wellness.
The functional food ingredients market report provides analysis for the period from 2016 to 2026, where 2018 to 2026 is the forecast period with 2018 as the base year. This report on functional food ingredient covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the coming years.
The global functional food ingredient market has been segmented on the basis of different type, source, and applications. On the basis of different types, the market is segmented into probiotics, prebiotics, proteins & amino acids, phytochemicals & plant extracts, fibres & specialty carbohydrates, vitamins, minerals, and others. By different forms, the market is segmented into animal and plant source. By different applications, the market is segmented into food and beverages. The food segment has been further segmented into dairy products, infant food, bakery & confectionery products, snacks and others. The beverage segment is further segmented into juices, energy drinks, and health drinks.
Probiotic segment dominated the market in 2018 and is expected to display a similar trend in the coming years
In terms of different types, the probiotic segment dominated the market in 2018. Probiotics refers to the group of micro-organisms which when added to food products offer health benefit to the consumers. They offer several nutritional benefits besides providing basic nutritional value, resulting in the dominance of probiotics in the functional food ingredients market.
The food segment witnessed fastest growth rate during the forecast period
There is an increasing preference towards healthier diet that not only takes care of appetite but also enhances the immunity. In addition to this, product innovation in terms of variant offerings and flavours generate significant opportunities for the growth of applications in the functional food ingredients market.
The naturals segment dominated the market in 2018 and expected to display similar trend in the coming years
Preference towards food ingredients in natural form are widely used owing to the rising consumer demand for natural ingredients. In addition to this, increasing health benefits associated with ingredients sourced from natural sources are also driving the overall market of the functional food ingredients.
The Asia-Pacific region is expected to witness the fastest growth rate during the forecast period
In terms of different regions, the Asia Pacific functional food ingredient market is expected to witness the fastest growth during the forecast period. This is mainly due to the rising trend towards the consumption of food and beverage products having probiotics. Consumers prefer to buy beverage products that offers digestive benefits to children and elderly people.
Europe’s functional food ingredients market is expected to witness a significant growth rate during the forecast period
The consumers in Europe prefer healthy diets owing to the growing health concerns due to stress, overwork, insomnia, degeneration, and depression, among others. In addition to this, concerns related to genetically modified foods are resulting in a rise in demand for the substitute of vegetable protein. Therefore, this is resulting in an increase in demand for functional food ingredients over the years.
The major players operating in the global functional food ingredients market are Archer Daniels Midland Company, Cargill Incorporated, BASF SE, E.I. DuPont de Nemours and Company, Koninklijke DSM N.V., Ingredion Incorporated, Tate & Lyle, Associated British Foods, New Asia Ingredients Pvt Ltd. among others. The players have stepped up new product innovations and new product launches in order to gain more attention from the customers.
Moreover, the functional food ingredients market growth is attributed to strategic mergers & acquisitions, geographical expansions, and joint ventures & partnerships, in order to ensure long-term sustenance in the market. Companies such as Cargill Inc., Archer Daniels Midland (ADM) Company are focusing upon new product launches in order to grab more customer attention. For instance, ADM has introduced plant-based soft drinks in order to grab greater customer attention.
Summary:
Get latest Market Research Reports on Functional Food Ingredients. Industry analysis & Market Report on Functional Food Ingredients is a syndicated market report, published as Global Functional Food Ingredients Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026. It is complete Research Study and Industry Analysis of Functional Food Ingredients market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.