Functional Food Ingredients Market || DataM Intelligence

The Global Functional Food Ingredients Market was valued at US$ 85.4 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 147.8 billion by 2030. The market is expected to exhibit a CAGR of 7.1% during the forecast period (2023-2030).

Key players such as Amway Corporation, Arla Foods, Archer-Daniels-Midland Company, Associated British Foods plc, DMH Ingredients, Inc., Ingredion Inc., International Flavors & Fragrances Inc., Tate & Lyle plc, Kerry Group plc, and Koninklijke DSM N.V. are continuously innovating and launching new products in the market. North America region accounted for approximately 36% market share in the global functional food ingredients market, followed by Europe and Asia-Pacific.

Functional Food Ingredients Market – Opportunities

The emergence of non-traditional fitness activities such as yoga and aerobics is expected to provide significant growth opportunities for the market in the near future.

According to recent estimations, around US$ 27 billion was spent in 2017 on yoga products in the US, and the spending on yoga products in the country has increased by more than 85% in the last five years.

Key Developments in the Functional Food Ingredients Market

In May 2023, Beneo, a provider of functional ingredients, introduced Beneo-scL85, a fiber made from beetroot sugar, to help producers meet rising customer demand for low-sugar goods. A prebiotic called beneo-scL85 is a short-chain fructooligosaccharide that is not broken down in the small intestine. It has good solubility, a pleasantly sweet flavor, and natural qualities that can enhance flavor and texture. This ingredient can also be utilized as bulking in products including cereals, dairy products, and baked goods.

In October 2022, Arla Foods Ingredients, a company based in Denmark, introduced the concept functional drink to help with recuperation and rehydration. The Lacprodan SP-9213 whey protein isolate, which the manufacturer claims can maintain its functionality when combined with electrolytes, is a component of the RTD sports nutrition solution. The new beverage attempts to replenish lost fluids and accompanying electrolytes and promote muscle recovery, which the business describes as two of the most important objectives in sports nutrition.

In October 2022, to advance its research and production of probiotics for inclusion in functional foods, Teijin Limited established the Teijin Meguro Institute Co., Ltd.

To get more insights into the Functional Food Ingredients Market Report – Click here

Functional Food Ingredients Market Overview

Functional food ingredients are added to food and beverages to provide additional health benefits beyond basic nutrition. These ingredients are carefully selected for their specific properties and functionalities to support various aspects of health and well-being.

Functional food ingredients can be natural or synthetic and come in different forms such as vitamins, minerals, probiotics, prebiotics, antioxidants, fibers, fatty acids, plant extracts, and bioactive compounds.

Functional Food Ingredients Market Dynamics

Probiotics, prebiotics, essential oils, hydrocolloids, and postbiotics are among the microbiome elements that customers are now looking for in customized food and beverage items, which can be related to consumers’ growing health awareness regarding convenient, wholesome foods. Due to this factor, food and beverage producers are looking for functional food ingredients, which is expected to drive market growth over the forecast period.

However, stringent regulations are hindering market growth. Players in the global functional foods and beverages market face issues complying with the stringent rules and regulations imposed by the authorities in the countries they operate in.

The United States is the largest market for functional food ingredients among all other countries. It holds nearly 26% of the global market. Moreover, the Asia Pacific functional food ingredients market is growing at a faster pace as compared to other regions.

Functional Food Ingredients Market Assessment

Functional Food Ingredients Market Segmentation

By  Type: Vitamins, Minerals, Prebiotics, Omega-3 & 6 Fatty Acids, Essential Oils, Hydrocolloids, and Others

By  Application: Confectionaries, Dairy Products, Soy Products, and Fruits & Vegetables

By Region: North America, Latin America, Europe, Asia Pacific, Middle East, And Africa

Porter’s Five Forces Analysis, PESTEL Analysis, Case Studies, & Voice of Customers (VOC) 

Related Reports

Omega-3 PUFA Market Insight, Competitive Landscape, and Market Forecast – 2023-2030 report delivers an in-depth understanding of market trends, drivers, restraints and key players such as Cargill, Incorporated, Royal DSM, Omega Protein Corporation, FMC Corporation, Croda International PLC, Polaris, Denemoga, G.C. Rieber, Arista Industries Inc., and Pharma Marine USA LLC., among others.

EPA & DHA Competitive Landscape – 2023-2030 report delivers an in-depth understanding of market trends, drivers, restraints and key players such as Koninklijke DSM NV, Corbion N.V., BASF SE, The Archer Daniels Midland Company, Croda International Plc, KD Pharma Group, Lonza Group Ltd., Omega Protein Corporation, GC Rieber Oils AS, and Polaris, among others.

Omega-3 Supplements Market Insight, Epidemiology, and Market Forecast – 2023-2030 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key players such as Nordic Naturals Inc, Reckitt Benckiser Group plc (RB), Aker BioMarine, DSM, NOW Foods, Pharmavite LLC, Carlson Labs, Coromega LLC, NutriGold Inc, and Barlean’s Organic Oils LLC., among others.

Media Contact
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Send Email
Phone: 08774414866
Address:DATAM INTELLIGENCE 4MARKET RESEARCH LLP Ground floor, DSL Abacus IT Park, Industrial Development Area, Uppal, Hyderabad, Telangana 500039
City: HYDERABAD
State: Telangana
Country: India
Website: https://www.datamintelligence.com/research-report/functional-food-ingredients-market