Functional Food Ingredients Market to grow by USD 53.14 billion between 2024-2028
According to a research report “ Functional Food Ingredients Market” by Product (Probiotics and prebiotics, Proteins and amino acid, Dietary fibers, Vitamins and minerals, Others) Application (Food and beverages, Pharmaceuticals, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 53.14 billion at a CAGR of almost 7.38% during the forecast period. The functional food ingredients market's leading segment is probiotics, expected to maintain market dominance throughout the forecast period. This segment's growth is driven by consumer preferences for balanced diets that support both appetite management and nutritional enhancement. Probiotics, as live microorganisms, offer immunity support, nutritional benefits, and vitamin K, an essential nutrient for blood clotting. Popular probiotic products include yogurt, kefir, sauerkraut, tempeh, kimchi, certain cheeses, buttermilk, and fermented soybeans..
Browse market data tables, figures, and in-depth TOC on “Functional Food Ingredients Market” by Product (Probiotics and prebiotics, Proteins and amino acid, Dietary fibers, Vitamins and minerals, Others) Application (Food and beverages, Pharmaceuticals, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028.
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By Product, the Probiotics and prebiotics segment is projected to dominate the market size in 2024.
The functional food ingredients market's largest segment in 2022 is food and beverages, driven by the global trend towards healthier consumption. Consumers' growing preference for nutrient-rich items has fueled demand for high-nutrition products. Athletes and sportspersons specifically seek protein-rich diets to optimize muscle function and performance. Protein sources include nutrition bars, protein shakes, energy drinks, and supplements. Essential amino acids cannot be injected and must be obtained through dietary intake. Food supplements serve as concentrated nutrient sources.
By Application, Food and beverages segment is expected to hold the largest market size for the year 2024.
In the functional food ingredients market, probiotics and prebiotics hold the largest market share in 2023. Probiotics, comprised of live microorganisms like Lactobacillus, Bifidobacterium, and Enterococcus, are predominantly found in fermented dairy products such as yogurt, buttermilk, and Greek yogurt. Prebiotics, non-digestible fibers, serve as nourishment for probiotic bacteria, fostering their growth. The escalating demand for probiotics due to their health benefits is driving the expansion of this segment. Innovation in functional foods, dietary supplements, and beverages is fueled by heightened consumer awareness regarding the role of microorganisms in enhancing health.
APAC is forecasted to hold the largest market size by region in 2024.
The APAC region dominates the global functional food ingredients market, driven by a substantial presence of manufacturers in China, Japan, India, and South Korea. Factors such as changing lifestyles, rising disposable income, and increasing health awareness have fueled market growth. Key trends include the growing preference for packaged food products and the increasing demand for probiotics, vitamins, and minerals as food supplements. These factors collectively contribute to the APAC region's continued leadership in the functional food ingredients market during the forecast period.
The Functional Food Ingredients Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Functional Food Ingredients Market encompasses a wide range of components, including Anthocyanidins, Catechins, Kaempferol, Quercetin, Zeaxanthin, Lutein, Beta-carotene, Conjugated linolenic acid, Flavonoids, Vitamins, Fiber, Minerals, and various other micronutrients. These ingredients are subject to international food regulations and legislative conditions. Probiotic strains are also gaining popularity in the market. Technological advancements, such as supercritical fluids, radio-frequency drying, pulsed electric field, microwave-assisted extraction, and ultrasound-assisted extraction, are used to optimize the production and utilization of these functional food ingredients. High-hydrostatic pressure is another technique employed to preserve the nutritional value and extend the shelf life of these ingredients. The middle class population's increasing awareness of micronutrient deficiencies and the associated chronic diseases has fueled the demand for fortified food products. Government fortification programs play a crucial role in ensuring the availability and accessibility of these functional food ingredients to the masses.
Market Research Overview
The Functional Food Ingredients Market encompasses a wide range of components, including Vitamin D and Omega-3 supplements, that cater to the Lifestyle and health needs of consumers with varying Genetic makeup. Precision medicine and Personalization are key trends driving market growth in the Pharmaceutical segment. Nutritional value improvement and Calorie content reduction are major factors fueling the demand for Fat-free and Low-fat products, as well as for Fat replacers in Baked goods, Frozen desserts, Gravies, Soups, and Sauces. Functional food ingredients serve as Texturizing, Binding, and Thickening agents, contributing to Quality and Stability improvement in various food applications. Modified starches, E-commerce platforms, Plant-based products, Organic food, and Clean labels are current market trends. Allergies to specific ingredients, such as Kefir, Yogurt, and Probiotic supplements, necessitate the development of alternative sources for Immune system and Gut health support. Technological advancements in the Animal feed industry and Dietary supplements, including Amino acids, Fibers, and Health-conscious consumers' preferences for Branch-chained amino acids, Creatine, and Sports drinks, further expand the market landscape. Functional food ingredients also offer benefits for Cognitive function improvement, Cancer risk reduction, and address various Chronic diseases through Fortified food and Carotenoids. International food regulations, Probiotic strains, Legislative regulations, and Technological conditions influence market growth. Government fortification programs targeting Middle class populations and addressing Micronutrient deficiencies further boost market potential. Functional food ingredients also include Anthocyanidins, Catechins, Kaempferol, Quercetin, Zeaxanthin, Lutein, Beta-carotene, Conjugated linolenic acid, Flavonoids, and various Vitamins and Minerals. Supercritical fluids, Radio-frequency drying, Pulsed electric field, Microwave-assisted extraction, and Ultrasound-assisted extraction are essential technologies used in the production of functional food ingredients. Diabetes, Alzheimer's disease, and Obesity are major health concerns addressed by functional food ingredients. Nutrigenomics and Probiotics, including Prebiotics, are emerging areas of research and development in the functional food ingredients market.
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