Selbyville, Delaware, March 04, 2021 (GLOBE NEWSWIRE) -- Global functional food ingredients market, according to seasoned analysts, had reached a valuation of USD 177.7 billion in the year 2019 and is likely to reach the USD 298.54 billion mark by 2027, recording a CAGR of 6.7% during the estimated timeframe. This rapid expansion can be attributed to increasing health awareness and proliferating sales of functional food ingredients.
The document also offers crucial insights pertaining to the different market segmentations and their relevant impact towards the remuneration scale of this industry vertical. It also offers a broad perspective of the competitive arena of this business domain, highlighting the business-centric strategies adopted by industry participants to acquire a prominent market share.
For those unversed, functional foods are basically transformed food that apparently offer better health and nutrition. Although it does not prevent illnesses, functional foods can help in reducing the risk of acquiring infections by offering vital proteins and nutrients to improve the body health.
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Thus, improving cognizance regarding the benefits associated with functional food ingredients coupled with growing demand for nutritious drinks are augmenting the overall market size.
Increasing consumption of protein-rich foods coupled with shifting preferences towards avoiding carbohydrates and sweeteners-rich foods are stimulating global functional food ingredients industry outlook. On the contrary, high costs associated with the products could potentially hamper the industry remuneration in the upcoming years.
Summarizing the market segmentations
Worldwide functional food ingredients market is classified on the basis of ingredient type, product variety, application scope, and regional terrain.
Speaking of ingredient type, the market is further split into vitamins, prebiotics & dietary fibers, proteins & amino acids, minerals, probiotics, and others. The product landscape of global functional food ingredients industry consists of fats & oils, soy products, fish & eggs, meat, dairy products, bakery & cereals and others.
Elaborating on the application spectrum, the market is bifurcated into cardio health, weight management, clinical nutrition, sports nutrition, and others.
From the regional point of view
Global functional foods ingredients industry is fragmented into Latin America, North America, Asia-Pacific, Europe, and the rest of the world.
Among these, Asia-Pacific currently holds the largest market share and is reckoned to continue with is dominance in the upcoming years. Rapid urbanization, escalating healthcare expenditure and improving awareness regarding the medicinal benefits of functional foods are favoring the regional market outlook.
North America, meanwhile, is set to record a robust compound annual growth rate during the estimated timespan, owing to changing consumer lifestyle and collective inclination towards consuming healthy foods.
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Global Functional Food Ingredients Market by Ingredients (Revenue, USD Billion, 2017-2027)
- Vitamins
- Prebiotics & Dietary Fibers
- Proteins & Amino Acids
- Minerals
- Probiotics
- Others
Global Functional Food Ingredients Market Product Varieties (Revenue, USD Billion, 2017-2027)
- Fats & Oils
- Soy Products
- Fish & Eggs
- Meat
- Dairy Products
- Bakery & Cereals
- Others
Global Functional Food Ingredients Market Application Terrain (Revenue, USD Billion, 2017-2027)
- Cardio Health
- Weight Management
- Clinical Nutrition
- Sports Nutrition
- Others
Global Functional Food Ingredients Market Regional Outlook (Revenue, USD Billion, 2017-2027)
North America
- United States
- Canada
Europe
- Germany
- France
- Spain
- Italy
- United Kingdom
- Rest of Europe
Asia-Pacific
- Australia
- South Korea
- India
- China
- Japan
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
Rest of the World
Global Functional Food Ingredients Market Competitive Arena (Revenue, USD Billion, 2017-2027)
- The Kraft Heinz Company
- Sanitarium Health and Wellbeing Company
- Royal FrieslandCampina N.V.
- Raisio Oyj
- Nestlé S.A.
- Meiji Dairies Corporation
- Mars Incorporated
- Hearthside Food Solutions LLC
- Glanbia plc
- Danone S.A.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Functional Food Ingredients Market, by Region, 2018-2027 (USD Billion)
1.2.2. Functional Food Ingredients Market, by Ingredient, 2018-2027 (USD Billion)
1.2.3. Functional Food Ingredients Market, by Product, 2018-2027 (USD Billion)
1.2.4. Functional Food Ingredients Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Functional Food Ingredients Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Functional Food Ingredients Market Dynamics
3.1. Functional Food Ingredients Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Functional Food Ingredients Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Functional Food Ingredients Market, by Ingredient
5.1. Market Snapshot
5.2. Global Functional Food Ingredients Market by Ingredient, Performance - Potential Analysis
5.3. Global Functional Food Ingredients Market Estimates & Forecasts by Ingredient 2017-2027 (USD Billion)
5.4. Functional Food Ingredients Market, Sub Segment Analysis
5.4.1. Probiotics
5.4.2. Minerals
5.4.3. Proteins & Amino Acids
5.4.4. Prebiotics & Dietary Fibers
5.4.5. Vitamins
5.4.6. Others
Chapter 6. Global Functional Food Ingredients Market, by Product
6.1. Market Snapshot
6.2. Global Functional Food Ingredients Market by Product, Performance - Potential Analysis
6.3. Global Functional Food Ingredients Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
6.4. Functional Food Ingredients Market, Sub Segment Analysis
6.4.1. Bakery & Cereals
6.4.2. Dairy Products
6.4.3. Meat, Fish & Eggs
6.4.4. Soy Products
6.4.5. Fats & Oils
6.4.6. Others
Chapter 7. Global Functional Food Ingredients Market, by Application
7.1. Market Snapshot
7.2. Global Functional Food Ingredients Market by Application, Performance - Potential Analysis
7.3. Global Functional Food Ingredients Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
7.4. Functional Food Ingredients Market, Sub Segment Analysis
7.4.1. Sports Nutrition
7.4.2. Weight Management
7.4.3. Clinical Nutrition
7.4.4. Cardio Health
7.4.5. Others
Chapter 8. Global Functional Food Ingredients Market, Regional Analysis
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Protein ingredients market size to grow at over 7.5% CAGR between 2020 and 2026, as per new research report. Growing consumer demand for plant-based protein alternatives with growing consumer interest in foods that promote health and well-being will spur market demand. With the growing momentum of the health and wellness trend, the demand for protein products is expected to go up tremendously over the coming years. From a regional reference frame, the LATAM protein ingredients market is expected to clock in tremendous revenue gains as increasing demand for natural ingredients in cosmetics and anti-aging cosmetics is augment the adoption of protein ingredients in the regional market.
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