Functional Food Ingredient Market Size, Analysis ‚ Segmented by Type (Vitamins, Minerals, Prebiotics, Probiotics, Hydrocolloids, Essential Oils, Omega-3 & 6 Fatty Acids, Carotenoids), Application (Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products), Purpose (Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health) ‚ Growth, Trends and Forecast (2019-2024).

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Functional Food Ingredient Market Insights

The global functional food ingredient market was valued at USD 2.54 billion in 2017 and is projected to reach USD 3.18 billion by 2023, at a CAGR of 6.2%, during the forecast period from 2018 to 2023. Major producers have been engaged in the strategies of focusing on innovation in products, expanding current operations and commencing new ones, and investing in products of other companies, among others.

Functional Food Ingredient Marke Market Dynamics

The rising incidence of chronic diseases is driving the consumers to shift toward healthier food options. Increasing consumer interest, and a better understanding of the immunity enhancing property of proper diet and food habits, are some of the key factors driving the growth of the global functional food ingredients market. Strict legislation imposed by governments across the globe prevents the expansion of the functional food ingredient market. In many countries, strict regulations are imposed on advertisements and labeling of products. Functional food ingredients are not easily available in supermarkets and grocery stores, and often tend to be expensive. Many consumers are unaware of how these products can be incorporated into their daily dietary intake. These factors, collectively, are obstructing the growth of the market.

However, functional food ingredient product sales have been and are expected to continue rising at a brisk rate. The high-rate of innovation in this field can lead to changes in the purpose of the product and re-position the product or, eventually, shift them from one target segment to another.

Functional Food Ingredient Market Segmentation

The global functional food ingredient market is segmented by type into - proteins & amino acids, vitamins, minerals, prebiotics, probiotics, hydrocolloids, essential oil, omega-3 & 6 fatty acids, and flavonoids & carotenoids. The market is segmented into confectionery, fortified dairy products, bakery and cereals, meat, fish & eggs, and others - based on application.

Regional Analysis

North America holds the maximum market share followed by Europe. Asia-Pacific region is growing with a higher rate, Countries, like China and India are driving the growth rate of functional food ingredient market in the region due to the intense economic growth, along with increase in number of working population.  

                                     Functional Food Ingredient Marke

Functional Food Ingredient Market Key Developments

  • June 2017 – Amway opened a new distribution Centre in major Thai market. Amway is a major seller of dietary supplements
  • October 2016 – ADM launched new line of fruit and vegetable functional extracts that can deliver a concentrated dose of the powerful antioxidant compounds beta-carotene and anthocyanins in a variety of food, beverage and supplement applications

Functional Food Ingredient Market Major Players:

  • Amway.
  • Archer Daniels Midland Company.
  • Arla Foods.
  • BASF SE.
  • Cargill Inc.
  • DSM NV.
  • General Mills Inc.
  • Herbalife.
  • Ingredion Incorporated.
  • Kerry Group PLC.
  • Nestlé.
  • Standard Functional Foods Group Inc.
  • Tate & Lyle PLC.

Reasons to Purchase Functional Food Ingredient Market Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  •  Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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                1.1 Research Methodology

                1.2 Market Definition

                1.3 Report Description

2. Functional Food Ingredient Market Overview

                2.1 Market Trends

3. Market Dynamics

                3.1 Functional Food Ingredient Market Drivers

                                3.1.1 Consumers Desiring to Enhance Personal Health

                                3.1.2 Increasing Demand for Functional Dairy Products

                                3.1.3 Growing Demand as an Alternative to Health Supplements

                3.2 Functional Food Ingredient Market Restraints

                                3.2.1 Strict Food Regulations and Safety Concerns

                                3.2.2 Higher Cost in Comparison to Conventional Products

                3.3 Functional Food Ingredient Market Opportunities

                                3.3.1 Growing Demand in Emerging Economies

                                3.3.2 Huge Investments in R&D and Innovation of Functional Food

                3.4 Porter's Five Forces Analysis

                                3.4.1 Bargaining Power of Suppliers

                                3.4.2 Bargaining Power of Buyers

                                3.4.3 Threat of New Entrants

                                3.4.4 Threat of Substitute Products and Services

                                3.4.5 Degree of Competition

4. Functional Food Ingredient Market Segmentation

                4.1 Functional Food Ingredient Market By Type

                                4.1.1 Vitamins

                                4.1.2 Minerals

                                4.1.3 Prebiotics

                                4.1.4 Probiotics

                                4.1.5 Hydrocolloids

                                4.1.6 Essential Oils

                                4.1.7 Omega-3 & 6 Fatty Acids

                                4.1.8 Carotenoids

                                4.1.9 Others

                4.2 Functional Food Ingredient Market By Application

                                4.2.1 Bakery & Cereals

                                4.2.2 Dairy Products

                                4.2.3 Meat, Fish & Eggs

                                4.2.4 Soy Products

                                4.2.5 Others

                4.3 Functional Food Ingredient Market By Purpose

                                4.3.1 Sports Nutrition

                                4.3.2 Weight Management

                                4.3.3 Immunity

                                4.3.4 Digestive Health

                                4.3.5 Clinical Nutrition

                                4.3.6 Cardio Health

                                4.3.7 Others

                4.4 Functional Food Ingredient Market By Geography

                                4.4.1 North America Functional Food Ingredient Market Size (2018-2023)

                                       United States Functional Food Ingredient Market Size (2018-2023)

                                       Canada Functional Food Ingredient Market Size (2018-2023)

                                       Mexico Functional Food Ingredient Market Size (2018-2023)

                                       Rest of North America

                                4.4.2 Europe Functional Food Ingredient Market Size (2018-2023)

                                       United Kingdom Functional Food Ingredient Market Size (2018-2023)

                                       Germany Functional Food Ingredient Market Size (2018-2023)

                                       Spain Functional Food Ingredient Market Size (2018-2023)

                                       Russia Functional Food Ingredient Market Size (2018-2023)

                                       Rest of Europe

                                4.4.3 Asia-Pacific Functional Food Ingredient Market Size (2018-2023)

                                       China Functional Food Ingredient Market Size (2018-2023)

                                       Japan Functional Food Ingredient Market Size (2018-2023)

                                       Rest of APAC

                                4.4.4 South America Functional Food Ingredient Market Size (2018-2023)

                                       Brazil Functional Food Ingredient Market Size (2018-2023)

                                       Argentina Functional Food Ingredient Market Size (2018-2023)

                                       Rest of South America

                                4.4.5 Africa Functional Food Ingredient Market Size (2018-2023)

                                       South Africa

                                       Rest of Africa

5. Functional Food Ingredient Market Competitive Landscape

                5.1 Most Adopted Market Strategies

                5.2 Most Active Companies

                5.3 Market Share Analysis

6. Functional Food Ingredient Market Company Profiles

                6.1 Cargill, Incorporated

                6.2 Tate & Lyle PLC

                6.3 Nestlé

                6.4 Arla Foods 

                6.5 Amway

                6.6 Kerry Group PLC

                6.7 Ingredion Incorporated 

                6.8 DSM NV

                6.9 Archer Daniels Midland Company 

                6.10 Standard Functional Foods Group Inc.

                6.11 BASF SE 

                6.12 Herbalife

                6.13 General Mills Inc.

7. Appendix

                7.1 Sources

                7.2 Disclaimer

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