Functional Food Ingredients Global Strategic Business Report 2024: Plant-Centric Demand to Buoy Functional Foods & Drinks Ingredients Market


Dublin, May 16, 2024 (GLOBE NEWSWIRE) -- The "Functional Food Ingredients - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Functional Food Ingredients estimated at US$96.4 Billion in the year 2023, is projected to reach a revised size of US$161 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2023-2030.

Natural Functional Food Ingredients, one of the segments analyzed in the report, is projected to record 7% CAGR and reach US$100 Billion by the end of the analysis period. Growth in the Synthetic Functional Food Ingredients segment is estimated at 6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $29.5 Billion, While China is Forecast to Grow at 9% CAGR

The Functional Food Ingredients market in the U.S. is estimated at US$29.5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$21.3 Billion by the year 2030 trailing a CAGR of 9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 5.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

Key Market Trends & Drivers

  • Focus Grows on Natural Foods and Clean Label
  • Consumers Focus on Less Processed Foods Drives Market Prospects
  • Increasing Prevalence of Chronic & Lifestyle Diseases Enhances Consumer Spending on Functional Foods & Boosts Demand for Ingredients
  • Growing Prominence of Functional Foods & Drinks in Weight Management Augurs Well for Market Demand
  • Plant-Centric Demand to Buoy Functional Foods & Drinks Ingredients Market
  • Plants in Convenient Formats
  • Plant Milk for Digestive Wellness
  • Probiotics Remain the Preferred Ingredient for Gut Health Foods
  • Role of Probiotics in Management of Diseases
  • Prebiotics: An Important Ingredient Promoting Gut Health, Brain Health, and Immunity
  • Potential Role of Prebiotics and Probiotics in Prevention & Treatment of Coronavirus Infections
  • Manufacturers of Prebiotic Ingredients See Major Opportunities
  • Growing Role of Prebiotic Ingredients in Functional Foods
  • Rising Awareness of Brain-Gut Connection and Resultant Focus on Maintaining Gut Health Drive Demand for Prebiotic Ingredients
  • Dairy Industry: A Major Consumer of Prebiotic Ingredients
  • Trend towards Higher Fiber Consumption Drives Demand for Prebiotic Fibers
  • Percentage Prebiotic Fiber Content in Select Foods
  • Prebiotics and Probiotics: Working Together to Improve Digestive Health
  • More Natural, Organic and Functional Versions to Drive Energy Drinks Growth
  • Antioxidants Gain Importance in Functional Beverages
  • Soy-based Functional Ingredients Become Mainstream
  • Carotenoids Find Growing Use in Functional Foods & Beverages
  • Myriad Benefits of Beta Carotene Drive Applications in Health and Functional Foods
  • Omega-3 Emerges as a Popular Heart-Healthy Ingredient, Driving Demand for Marine Functional Food Ingredients
  • Alternative Sources of Omega-3
  • Robust Demand for Nutraceuticals & Supplements Creates a Strong Foundation for the Growth of Astaxanthin
  • Astaxanthin Finds Role in COVID-19 Management
  • Protein-Fortified Products Rise in Demand
  • Rice Protein Emerges as a Latest Functional Ingredient
  • Dietary Fat Emerges as a New Ingredient for Functional Food & Drinks
  • High Demand for Functional Ingredients in Snack Foods
  • Rising Consumer Interest in Fruit-based Functional Ingredients
  • Rising Demand for Natural Ingredients in Functional Foods
  • Endurance, Cardiovascular, Bone Health, and Other Wide Ranging Benefits Drive Robust Demand for Protein-Based Products
  • Mood Enhancers Gain Momentum
  • Innovations Drive Market Expansion
  • Nanotechnology Evolves as a Boon for Functional Food Manufacturers
  • Nanoencapsulation Improves Delivery and Bioavailability
  • Demographic and Macro Factors Influencing Growth in Functional Food Ingredients Market
  • Ballooning Global Population
  • Millennials Focus on Health & Wellness
  • Focus of Young Working Women on Healthy Living
  • Urbanization Trend
  • Burgeoning Middle Class Population
  • Complexities and Challenges: Integration and Adulteration of Functional Food Products

Company Coverage:

  • BASF
  • Cargill, Inc.
  • Archer Daniels Midland Company
  • Ashland Global Holdings, Inc.
  • Associated British Foods PLC
  • Chr. Hansen Holding A/S
  • Corbion NV
  • Arla Foods Ingredients Group P/S
  • Avebe Group
  • Biocatalysts Ltd.
  • Bio Actives Japan Corporation
  • DMH Ingredients, Inc.
  • AmTech Ingredients LLC
  • Bioseutica
  • ANAGENIX

Key Attributes:

Report AttributeDetails
No. of Pages649
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$96.4 Billion
Forecasted Market Value (USD) by 2030$161 Billion
Compound Annual Growth Rate7.6%
Regions CoveredGlobal

For more information about this report visit https://www.researchandmarkets.com/r/6u6z50

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Functional Food Ingredients Market

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