The global functional ingredients market size reached USD 67.94 Billion in 2020 and is expected to register a revenue CAGR of 6.3%, during the forecast period, according to latest analysis by Emergen Research. Some of the major factors driving global functional ingredients market revenue growth are rising demand for nutraceuticals for disease risk reduction and increasing demand for functional ingredients in personal care and pharmaceutical industries.
The main goal of this Functional Ingredients Market research is to give industry information and to assist our clients in achieving natural growth in their domains. To assist readers in making educated decisions regarding market developments, the research gives a realistic overview of the worldwide market and its changing environment. This study focuses on the market’s potential possibilities, which allow it to extend its operations in current markets. In addition, the report provides actionable insights into the market’s future growth based on input from industry experts to assist readers in developing successful strategies.
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The report also tracks product and services demand growth forecasts for the market. There is also to the study approach a detailed segmental review. A regional study of the global Functional Ingredients industry is also carried out in North America, Latin America, Asia-Pacific, Europe, and the Near East & Africa. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
Key Players Profiled in the Report are:
Ingredion Incorporated, FMC Corporation, Archer Daniels Midland Company, Golden Grain Group Limited, Cargill Inc., Roquette Freres SA, Omega Protein Corporation, BASF SE, BENEO GmbH, and Zimitech, Inc. (Sugarlogix)
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The market research covers all sectors of the Functional Ingredients Market. Its goal is to determine the market’s size and growth potential across several areas, such as application, vertical, and geography. It contains a detailed competition analysis of the market’s major competitors, as well as company profiles, significant insights about product and business offerings, recent developments, and key market strategies.
Some Key Highlights
- Rice protein segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Customers’ increasing awareness of nutritious foods is expected to boost demand for rice protein in a range of sporting and energy-related nutritional foods, which is expected to boost revenue growth of this segment.
- Food & beverages segment is expected to lead in terms of revenue share over the forecast period. Increasing customers interest in functional ingredients that offer additional health and fitness benefits due to rising customer awareness regarding health and wellness and better nutritional health benefits.
- North America is expected to account for a larger revenue share than other regional markets over the forecast period because of increased health issues and increased prevalence of diseases including diabetes, obesity, and digestive problems in countries in the region, demand for nutritious foods is increasing.
Furthermore, the report provides a comprehensive overview of the Functional Ingredients market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
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Emergen Research has segmented the global functional ingredients on the basis of product, source, application, and region:
Product Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)
- Modified Starch
- Conjugated Linoleic Acid
- Protein Hydrolysate
- Rice Protein
- Mung Bean Protein
- Omega-3 (EPA, DHA, ALA)
Source Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)
Application Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)
- Food & Beverages
- Animal Feed
- Personal Care
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Functional Ingredients market expected to boost the growth of the industry in the coming years.
Key Questions Answered in the Report:
What is the growth rate of the Functional Ingredients market? What is the anticipated market valuation of Functional Ingredients industry by 2028?
What are the key growth driving and restraining factors of the Functional Ingredients market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Functional Ingredients industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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