NEW YORK, Oct. 27, 2023 /PRNewswire/ — The functional food ingredients market is expected to grow by USD 48.06 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 7.16% during the forecast period, according to Technavio. Increased demand for functional food ingredients from the probiotics segment is notably driving the functional food ingredients market. However, factors such as the High cost of functional foods may impede market growth. The market is segmented by application (food and beverages, pharmaceuticals, and others), product (probiotics and prebiotics, proteins and amino acid, dietary fibers, vitamins and minerals, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.
Technavio has announced its latest market research report titled Global Functional Food Ingredients Market
We provide a detailed analysis of 20 companies operating in the functional food ingredients market including Ajinomoto Co. Inc., AMCO Proteins, American International Chemical LLC, Arla Foods amba, Associated British Foods Plc, BASF SE, Beneo GmbH, Bio Botanica Inc., Cargill Inc., Chr Hansen Holding AS, Cooperatie Koninklijke Cosun UA, Diana Food SAS, Givaudan SA, Ingredion Inc., International Flavors and Fragrances, Kemin Industries Inc., Kerry Group Plc, Koninklijke DSM NV, Tate and Lyle Plc, and Archer Daniels Midland Co.
Functional Food Ingredients Market 2023-2027: Company Analysis
Ajinomoto- The company offers functional food ingredients, namely AJI-NO-MOTO.
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Functional Food Ingredients Market 2023-2027: Segmentation
Product
The market share growth by the probiotics and prebiotics segment will be significant during the forecast period. Probiotics, which are found extensively in yogurt, buttermilk, Greek yogurt, and other fermented dairy products, are live organisms, such as Lactobacillus, Bifidobacterium, and Enterococcus. Functional food ingredients such as prebiotics, present in many fruits and vegetables, are considered to offer significant benefits.
Application (food and beverages, pharmaceuticals, and others)
Geography
APAC is projected to contribute 37% by 2027. The presence of a large number of functional food ingredient and food additives manufacturers in the Asia Pacific region can be attributed to market growth. The key revenue-producing countries in the region are China, Japan, India, and South Korea.
North America, Europe, Middle East and Africa, and South America
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Nutraceutical Ingredients Market size is estimated to grow by USD 11.16 billion between 2022 and 2027 accelerating at a CAGR of 4.48% during the forecast period.
The starch derivatives market size is estimated to grow at a CAGR of 4.66% between 2022 and 2027. The market size is forecast to increase by USD 57.08 billion.
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Functional Food Ingredients Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.16% |
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Market growth 2023-2027 |
USD 48.06 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
6.52 |
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Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
APAC at 37% |
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Key countries |
US, China, India, Germany, and the UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ajinomoto Co. Inc., AMCO Proteins, American International Chemical LLC, Arla Foods amba, Associated British Foods Plc, BASF SE, Beneo GmbH, Bio Botanica Inc., Cargill Inc., Chr Hansen Holding AS, Cooperatie Koninklijke Cosun UA, Diana Food SAS, Givaudan SA, Ingredion Inc., International Flavors and Fragrances, Kemin Industries Inc., Kerry Group Plc, Koninklijke DSM NV, Tate and Lyle Plc, and Archer Daniels Midland Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
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SOURCE Technavio