Latest Research Report on Functional Ingredients Market begins with a deep introduction and then delves broad into specific segments such as raw material, application, end user, and region, policy study, value chain structure, and upcoming trends in particular segments or regions. The report on Functional Ingredients prepare a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
The global Functional Ingredients Market size is expected
to value at USD 96.1 billion by 2026. The market is subject to witness a
substantial growth due to the rising health consciousness along with the
growing need for healthy and comfort foods. Functional ingredients are commonly
termed as natural ingredients that consists of energy boosters, health enriching
elements, and disease averting characteristics.
Such advantages of functional ingredients are generating
massive demand in food and beverage industry, thus boosting growth of the
industry in coming years. Additionally, growing preference towards latest
trends involving packaged food containing high content of vitamins, minerals,
and natural extracts is augmenting growth of the market by creating a suitable
environment for their regular use in foods and beverages industry. Globally,
the functional ingredients market is predicted to grow at CAGR of 5.9% in
forecast period, providing numerous opportunities for market players to invest
for research and development in the market.
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Rising health awareness among consumers and changing food
patterns across the globe are some of the key factors driving demand for the
high nutrient content diet. Other factors responsible for driving growth of the
functional ingredients industry are increasing personal expenditure, rise in
urbanization and preference for fortified convenience foods with high
nutritional content. Shifting focus towards food products with high nutritional
content by younger population in their regular diet routine is propelling
growth the market over the forecast period. Functional ingredients are proved
to be vital for the treatment of obesity management.
Applications of the functional ingredients further
extends to pharmaceutical sector as a coating material due to properties such
as lower viscosity, large solid content, and higher water solubility. With
substantial growth of the pharmaceutical sector across the globe is expected
drive demand of the functional ingredients over the forecast period. Probiotics
is considered as one of the key segment showcasing highest growth in the
functional ingredients industry in coming years.
Increasing occurrence of health disorders like diabetes,
obesity, and digestive disorders among geriatric population across the globe is
further propelling growth of the market in recent years. With the recent
developments of innovative products and rising capital funding by major
producers are fueling demand of the functional ingredients market across
different industry verticals. Furthermore, rise in need for premium personal
care products consisting of organic and herbal variants are further
contributing to the expansion of the market in upcoming years. Application of
the functional ingredients is further extending to sports sectors as increasing
demand for rice protein and high nutritional diet is on the rise.
The functional ingredients industry is divided into
regional market segment such as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rising health concerns and growing health problems similar to diabetes,
obesity, and digestive diseases coupled with presence of prominent industry
players in the region.
Asia-Pacific region is predicted to hold major market
share in the functional ingredients market with massive growth in forecast
period. Countries such as India, China and South Korea are leading the
Asia-Pacific market with favorable government regulations to encourage adoption
of functional foods and increasing investment by industry players considering
potential market opportunities in the region. The key players in the functional
ingredients industry are Archer Daniels Midland Company, Ingredion Inc., Golden
Grain Group Ltd., FMC Co., Omega Protein Co., NutriBiotic, Cargill Inc.
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