The Global Functional Food Ingredients Market Report by The Business Research Company covers functional food ingredients market drivers and restraints, functional food ingredients market size, major players, and the impact of COVID-19 on the functional food ingredients market.

The functional food ingredients market consists of sales of functional food ingredients by entities (organizations, sole traders, and partnerships) that are bioactive compounds or ingredients used in manufacturing functional food products. Vitamins, minerals, antioxidants, hydrocolloids, prebiotics, amino acids, plant extracts, and carotenoids are some examples of functional food ingredients. The ingredients in functional foods provide health benefits, and some of them include supplements or other additives.

The global functional food ingredient market is expected to grow from $84.74 billion in 2020 to $93.09 billion in 2021 at a compound annual growth rate (CAGR) of 9.9%. The growth in the functional food ingredients market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The functional food ingredients market is expected to reach $125.65 billion in 2025 at a CAGR of 7.8%.

The rise in demand for fortified food & beverage products is expected to contribute to the growth of the functional food ingredients market. Fortified foods are functional foods that lack natural nutrients; nutrients are added to them. These foods boost nutrition and provide health advantages. Fortified foods are functional foods without natural nutrients in them, nutrients are added to them, and these foods then improve nutrition and add health benefits. Fortified foods and beverage products consumption is increasing due to growing health consciousness in consumers, increasing disease occurrences, increasing consumers’ disposable income. The medicinal properties of these foods in providing healing benefits apart from energy and essential nutrients are motivating consumers to spend more on healthy food products. Therefore, the rise in demand for fortified food & beverage products will drive the functional food ingredients market growth.

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Some functional food ingredients market trends include collaborations and partnerships. Major companies operating in the functional food ingredients sector are focused on partnering or collaborating with other companies to develop innovative solutions for functional food ingredients.

Global functional food ingredients market segments include:

1) By Type: Probiotics And Prebiotics, Carotenoids, Dietary Fibers, Fatty Acids, Vitamins, Minerals, Others

2) By Source: Natural, Synthetic

3) By Application: Beverages, Dairy Products, Infant Food, Bakery And Confectionery, Others

4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Functional Food Ingredients Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides functional food ingredients market overviews, analyzes and forecasts market size, share, functional food ingredients market players, functional food ingredients market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The functional food ingredients identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Functional Food Ingredients Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Cargill, BASF, Archer Daniels Midland, DuPont Nutrition & Biosciences, Arla Foods, Kerry Group, Ajinomoto, DSM, Ingredion Incorporated, Tate & Lyle, Roquette Frères, Nestle, Fuerst Day Lawson, Ashland, A&B Ingredients, and Royal Cosun.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Functional Food Ingredients Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Functional Food Ingredients Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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