Functional Ingredients Market by Product and Solution Technology Application and End User - Global Forecast to 2028
Rising demand for nutraceuticals for disease risk reduction and for functional ingredients in personal care and pharmaceutical industries are some key factors driving market growth
The Functional Ingredients Market research provides in-depth details on market revenue growth, market share, market size, market growth factors, market drivers, and market challenges. Additionally, the study offers details on many segments, including top firms, product kinds, applications, and regional division. The study is well-presented utilising a variety of pictorial presentations, including tables, graphs, charts, and figures. It is curated using primary and secondary research that has been carefully reviewed by industry specialists.
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. Increasing demand for probiotics-based food and beverages is also expected to boost revenue growth of the market going ahead.
Rising demand for nutraceuticals for disease risk reduction is expected to augment market growth in the near future. Nutraceuticals are food-derived products that are taken in tablet, capsule, and liquid forms and offer physiological advantages. Nutraceuticals help maintain good health and reduce the risk of diseases. Increasing demand for functional ingredients in personal care and pharmaceutical industries is expected to boost market revenue growth going ahead. Functional ingredients are used in the pharmaceutical industry as materials for tablet surface coating and in the cosmetics sector for manufacturing of creams as well as other personal care and grooming products. Availability of demographic-specific probiotics, including for different genders and geriatrics, differentiates the probiotics business. Rising demand for probiotic-based foods and beverage products is expected to continue to drive market revenue growth over the forecast period.
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The leading market contenders listed 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)
Key reasons to buy the Global Functional Ingredients Market report:
- The latest report comprehensively studies the global Functional Ingredients market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Segments Covered in this report are:
-
Product Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)
- Probiotics
- Maltodextrin
- Polydextrose
- Pectin
- Modified Starch
- Conjugated Linoleic Acid
- Protein Hydrolysate
- Rice Protein
- Mung Bean Protein
- Omega-3 (EPA, DHA, ALA)
- Omega-6
-
Source Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)
- Natural
- Plant
- Animal
- Microbial
- Synthetic
- Natural
-
Application Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)
- Pharmaceuticals
- Food & Beverages
- Animal Feed
- Personal Care
- Others
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Regional Outlook of the Functional Ingredients Market
The global Functional Ingredients market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Functional Ingredients market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Functional Ingredients Market report:
- The latest report comprehensively studies the global Functional Ingredients market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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