Functional Ingredients Market is valued at USD 106.14 Million in 2021 and expected to reach USD 180.73 Million by 2028 with a CAGR of 7.90% over the forecast period
Functional Ingredients Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. Growing health awareness among the people coupled with increasing consumption of healthy diet owing to its nutritive value and increasing prevalence of chronic diseases such as obesity, digestive disorder and diabetes are some important factors driving the growth of functional ingredients market.
Functional Ingredients are bioactive compounds present in plants or food stuffs which undergo appropriate processing method to deliver physiological health benefits beyond fulfilling basic nutritional requirements. Functional ingredient can be used in the manufacture of functional food products, cosmetics, animal feed and medicine in pharmaceutical industry. Most common functional ingredients are vitamin, mineral, probiotics, omega-3 fatty acid, carotenoids, rice protein and others. Probiotics plays important role in animal feed, it improves health of animal and productivity as well as it shows beneficial results in animal performance, digestion and immune system. Omega-3 fatty acid is widely used in cosmetics for skin protection. It increases skin hydration, promote healthy insulin level, prevents burning of skin. Rice protein is also used as dietary supplements it is use for weight loss and provides high-quality protein to human body. In food industry functional ingredients are used in production of bakery products, dairy products, beverages, confectionary products. Benefits of functional ingredients are it promote health, boost energy, and prevent diseases.
Functional ingredients market is segmented into type, source, application, region and country. On the basis of type, functional ingredients market is segmented into probiotics, rice protein, omega-3 fatty acid, vitamin, mineral, carotenoids and others. Based on the source, functional ingredients market is segmented into natural and synthetic. On the basis of application, functional ingredients market is segmented into food & beverage, animal feed, cosmetics, pharmaceuticals and others.
The regions covered in global functional ingredients market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global functional ingredients market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
DSM has acquired Biocare Copenhagen to expand gut health ingredients portfolio with probiotics.
News: 22 Dec 2017- Royal DSM a leading player in health, nutrition and materials has acquired Biocare Copenhagen based in Denmark. This acquisition helps DSM to expand its product portfolio in gut health ingredients with probiotics. The company offers high-quality white label probiotic supplements and complete product concepts with strong consumer appeal with proven health benefits, targeting gastrointestinal disorders, metabolic disorders, infections, and immunity.
Functional Ingredients Market Dynamics-
The key factor for the growth of functional ingredients market is increasing prevalence of chronic diseases such as obesity, diabetes and digestive disorder across the globe as several functional ingredients helps to prevents diseases. According World Health Organization (WHO), in 2020, approx. 463 million people suffering from diabetes and by 2045, this will rise to 700 million. Furthermore, rising consumption of functional ingredients owing to its nutritional value is driving the growth of functional ingredients market. In addition, growing health awareness among consumer owing to rise in awareness about various diseases, nutritional deficiency is driving the growth of functional ingredients market. Additionally, rising demand for omega-3 fatty acid in cosmetics industry due to its benefits such as it promote healthy insulin level and prevents burning of skin. However, the factors which restrict the growth of functional ingredients market is high price of functional ingredients. Moreover, new innovation in ingredients will create huge opportunity in functional ingredients market.
Functional Ingredients Market Regional Analysis-
North-America is expected to dominate the growth of functional ingredients market due to increasing prevalence of diseases such as obesity, digestive disorder in this region. According to, Centers for Disease Control and prevention (CDC) the disease of obesity affects about 78 million Americans. Furthermore, increasing consumption of healthy diet supplements owing to health benefits in this region this drives functional ingredients market. Nearly 17% of US consumers supplement their diet with omega-3.
Asia-Pacific is projected to grow at faster pace due to rapid urbanisation, hectic lifestyle and changing preferences of the people towards healthy diet in countries such as China, India. Furthermore, increasing demand for functional ingredients in food and beverages due to introduction of innovative functional foods in the market in this region is driving the growth of functional ingredients market.
Europe is anticipated to grow due to growing health awareness among people coupled with rising consumption of healthy food in this region. In addition, increasing usage of functional ingredients in cosmetics industry owing to its anti-oxidants properties this drives functional ingredients market.
Key Benefits for Functional Ingredients Market Reports –
Global functional ingredients market report covers in depth historical and forecast analysis.
Global functional ingredients Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global functional ingredients market report helps to identify opportunities in market place.
Global functional ingredients market report covers extensive analysis of emerging trends and competitive landscape.
By Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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