Dublin, March 08, 2023 (GLOBE NEWSWIRE) -- The "Functional Food Ingredients: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Functional Food Ingredients Market to Reach $161 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Functional Food Ingredients estimated at US$90.4 Billion in the year 2022, is projected to reach a revised size of US$161 Billion by 2030, growing at a CAGR of 7.5% over the analysis period 2022-2030.
Natural, one of the segments analyzed in the report, is projected to record 7.9% CAGR and reach US$100 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Synthetic segment is readjusted to a revised 6.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $27.8 Billion, While China is Forecast to Grow at 10.3% CAGR
The Functional Food Ingredients market in the U.S. is estimated at US$27.8 Billion in the year 2022. 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 10.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 6.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel.
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand.
With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 649 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $90.4 Billion |
| Forecasted Market Value (USD) by 2030 | $161 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
MARKET OVERVIEW
- COVID-19 Pandemic Leads to Increased Consumer Focus on Health and Wellness Products
- From Food Security to Health Security, the Pandemic Sends Functional Foods Cruising Down a New Road of Opportunity
- Rising Interest in Functional Foods Drives Functional Food Ingredients Market
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- An Introduction to Functional Food Ingredients
- Global Market Prospects & Outlook
- Robust Growth in Functional Foods & Drinks to Bolster Demand for Functional Food Ingredients
- Probiotics and Prebiotics to Boost Market Prospects
- Developed Regions Lead, Developing Economies to Spearhead Market Growth
- Competition
- Regional and Cultural Customization: Important for Success in the Emerging Markets
- Strong Research Backup and Media Publicity: Key Product Differentiators
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Growing Focus on Healthy Lifestyles Amidst the Ongoing Pandemic Drives Focus onto Functional Foods, Driving Demand for Ingredients
- Focus Grows on Natural Foods and Clean Label
- Consumers Focus on Less Processed Foods Drives Market Prospects
- Increasing Prevalence of Chronic & Lifestyle Diseases Enhances Consumer Spending on Functional Foods & Boosts Demand for Ingredients
- Growing Prominence of Functional Foods & Drinks in Weight Management Augurs Well for Market Demand
- Average Per Capita Annual Health Expenditure (In US$) due to Obesity by Country
- 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 COVID-19 and Other 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 in the Post-COVID-19 World
- 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
- Complexities and Challenges: Integration and Adulteration of Functional Food Products
FOCUS ON SELECT PLAYERS (Total 73 Featured)
- Ajinomoto Co., Inc.
- Amway Corporation
- Archer-Daniels-Midland Company
- Arla Foods
- Ashland Inc.
- Associated British Foods plc
- BASF SE
- Cargill, Inc.
- CP Kelco U.S., Inc.
- DMH Ingredients, Inc.
- Fuerst Day Lawson Ltd.
- Ingredion Inc.
- International Flavors & Fragrances Inc.
- Kerry Group plc
- Koninklijke DSM N.V.
- Royal Avebe U.A.
- Tate & Lyle plc
For more information about this report visit https://www.researchandmarkets.com/r/4jmiwf
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