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Global Functional Food Ingredients Market: By Type (Minerals, Probiotics, Vitamins, Prebiotics, Essential Oils, Carotenoids, Hydrocolloids, Omega-3 & 6 Fatty Acids, and Others), By Health Benefits (Clinical Nutrition, Cardio Health, Sports Nutrition, Immunity, Digestive Health, and Others), By Application (Sports/Nutrition Bars, Convenience Beverage, Baby Food, Meat Alternatives, Dairy Alternatives, and Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Functional Food Ingredients Market Projected To Be Valued Around US$ 3.0 Bn By 2024 And Expected To Grow At XX% Compound Annual Growth Rate (CAGR) Over 2018 To 2024
Market Outline: Functional Food Ingredients Market
Functional food ingredients are the ingredients which provide specific properties to the food such as taste, texture and flowability. They are generally considered as fortified, and enhanced food which delivers numerous health benefits when consumed at a regular basis. The functional ingredients are produced in various ways such as chemical or enzymatic hydrolysis, pressing, emulsification, and heat treatment.
Growing awareness among the people regarding the health benefits of the functional food ingredients is anticipated to drive the growth of the functional food ingredients market. The rising health consciousness and change in lifestyle and dietary habits are anticipated to enhance the growth of the functional food ingredients. Increase in the research and development activities are adding a scope for the launch of a new product which is likely to provide an opportunity to the manufacturer in the market expansion. However, the stringent government regulations for food safety are hampering the growth of the functional food ingredients market.
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Market Scope: Functional Food Ingredients Market
Functional food ingredients market is segmented based on the type, health benefits, and application.
Based on the type, the market is segmented into the following:
Omega-3 & 6 Fatty Acids
Based on the health benefits, the market is segmented into the following:
Based on the application, the market is segmented into the following:
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Regional Analysis: Functional Food Ingredients Market
Geographically, global functional food ingredients market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America functional food ingredients market is the largest market when compared with that of the other regional markets. Owing to its intense economic growth, the North America functional food ingredients market to keep the top spot in the global functional food ingredients market. Europe is another thriving market. Europe functional food ingredients market holds the second largest share in the global market. The Asia Pacific functional food ingredients market is expected to grow exponentially over the forecast period owing to its emerging economies such as China and India, which are of high-growth markets for the players.
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Competition Assessment: Functional Food Ingredients Market
Some of the players in the global functional food ingredients market include:
Tate & Lyle PLC (U.K)
Associated British Food plc (U.K)
E.I. du Pont de Nemours & Company (U.S)
Cargill, Incorporated (U.S.)
Koninklijke DSM N.V. (The Netherlands)
Associated British Food plc (U.K.)
Notable Market Developments: Functional Food Ingredients Market
In July 2017, Apotex has launched Oviit, a new range of vitamins and minerals
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