NEW
YORK, May 20, 2024 /PRNewswire/ -- The
global functional food ingredients market size is
estimated to grow by USD 53.14 bn
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of almost 7.38% during the forecast
period.
For more insights on the forecast market size and
historic data (2018 - 2022) - Download
Free sample report in a minutes
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Probiotics and
prebiotics, Proteins and amino acid, Dietary fibers, Vitamins and
minerals, and Others), Application (Food and beverages,
Pharmaceuticals, and Others), and Geography (APAC, North America,
Europe, Middle East and Africa, and South America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
Ajinomoto Co. Inc.,
AMCO Proteins, Archer Daniels Midland Co., Arla Foods amba,
Associated British Foods Plc, BASF SE, Bio Botanica Inc., Cargill
Inc., Chr Hansen Holding AS, Cooperatie Koninklijke Cosun UA,
Givaudan SA, Ingredion Inc., International Flavors and Fragrances
Inc., Kemin Industries Inc., Kerry Group Plc, Koninklijke DSM NV,
Omega Protein Corp., Sudzucker AG, Symrise AG, and Tate and Lyle
PLC
|
Key Market Trends Fueling Growth
The global functional food ingredients market is driven by the
rising demand for omega-3 fatty acids, with sources shifting from
fish to algae, krill, and GM plants. Omega-3 aids in disease
prevention and FDA approval of alternative sources fuels growth.
Key trends include organic food, plant-based products, e-commerce,
texture and stability improvement, and nutritional value
enhancement. Applications span sauces, soups, baked goods, and
pharmaceuticals. Technologies like high-pressure processing and
microwave extraction are used for production. Other trends include
vitamin D supplements, prebiotics, probiotics, and nutrigenomics
for various health conditions.
Market Challenges
- The global functional food ingredients market growth is
challenged by high costs of functional foods,
including nutraceuticals and medical foods. Prices are
30%-500% higher due to distribution, storage, and transportation
expenses, complex extraction processes. Key trends include demand
from chronic diseases, micronutrient deficiencies, and
health-conscious consumers for ingredients like antioxidants,
probiotics, fibers, vitamins, and minerals. Regulations,
technological advancements, and the animal feed industry also
impact the market.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Segment Overview
This functional food ingredients market report extensively
covers market segmentation by
- Product
- 1.1 Probiotics and prebiotics
- 1.2 Proteins and amino acid
- 1.3 Dietary fibers
- 1.4 Vitamins and minerals
- 1.5 Others
- Application
- 2.1 Food and beverages
- 2.2 Pharmaceuticals
- 2.3 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Probiotics and prebiotics- The functional food
ingredients market in 2023 is primarily driven by the probiotics
and prebiotics segment, with chronic diseases and micronutrient
deficiencies fueling the demand. The middle class and government
fortification programs are key consumers, while technological
conditions and legislative regulations shape market trends.
Probiotic strains like Lactobacillus, Bifidobacterium, and
Enterococcus, found in yogurt, buttermilk, and Greek yogurt, are in
focus due to their health benefits. International food regulations
ensure safety and quality of minerals, fiber, vitamins, flavonoids,
and other nutrients, including conjugated linolenic acid,
beta-carotene, lutein, zeaxanthin, quercetin, kaempferol,
catechins, and anthocyanidins. Antioxidant and anti-inflammatory
properties are sought after for energy drinks, proteins in sports
drinks, and creatine, branch-chained amino acids for
health-conscious consumers. Fibers, amino acids, and probiotic
ingredients are essential for the dietary supplements and animal
feed industries. Technology advances in probiotic strains improve
gut health, immune system, and cognitive function. Probiotic
supplements and clean labels are consumer preferences. Allergies
and plant-based proteins are also market considerations.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Functional Food Ingredients Market encompasses a wide range
of components derived from High-hydrostatic pressure,
Ultrasound-assisted extraction, Microwave-assisted extraction,
Pulsed electric field, and Supercritical fluids. These techniques
are employed to extract Carotenoids, such as Beta-carotene, Lutein,
and Zeaxanthin, as well as Minerals, Fiber, Vitamins, Flavonoids
like Quercetin, Kaempferol, Catechins, and Anthocyanidins, and
Conjugated linolenic acid. These ingredients play a crucial role in
addressing Chronic diseases and Micronutrient deficiencies,
particularly among the Middle class. Government fortification
programs and Technological conditions facilitate the production and
distribution of Fortified food. However, Legislative regulations
and International food regulations must be adhered to ensure safety
and efficacy. Probiotic strains are also gaining popularity in the
market for their health benefits.
Market Research Overview
The Functional Food Ingredients Market encompasses a wide range
of products derived from various sources, including probiotics,
proteins, and carbohydrates. These ingredients offer numerous
health benefits, such as improving digestive health, enhancing
muscle growth, and reducing inflammation. Nutrients like
carotenoids, flavonoids, and omega-3 fatty acids are also integral
to this market. Cardiovascular health is a significant focus, with
fibers and antioxidants playing crucial roles. The market is driven
by consumer preferences for healthier options and the increasing
awareness of the connection between diet and overall wellness.
Ultrasonic processing, fermentation, and other advanced
technologies are used to extract and preserve these functional
ingredients, ensuring their efficacy and bioavailability. The
market is expected to grow significantly due to the rising demand
for functional foods and beverages, as well as the increasing
acceptance of natural and organic products.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Probiotics And Prebiotics
- Proteins And Amino Acid
- Dietary Fibers
- Vitamins And Minerals
- Others
- Application
-
- Food And Beverages
- Pharmaceuticals
- Others
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides 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
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio