Authored By: Sarah
14 Sep 2021

Functional Food Ingredients Market: Key Geographies that will Drive Growth

Regional Growth Analysis and Market Trends 2021-2025

The functional food ingredients market is set to post an incremental growth of $ 34.86 bn, accelerating at a CAGR of almost 6.86% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.


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Functional Food Ingredients Market: APAC to lead market growth during the forecast period

  • APAC emerged as the leading geographical segment in recent years and is expected to contribute 37% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the functional food ingredients market size.
  • Increased demand for functional food ingredients from probiotics segment will be a significant factor in driving the growth of the functional food ingredients market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
  • The functional food ingredients market is segmented by Product (Probiotics and prebiotics, Proteins and amino acid, Dietary fibers, Vitamins and minerals, and Others) and Geography (APAC, North America, Europe, MEA, and South America). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

Functional Food Ingredients Market to Post Incremental Growth of $ 34.86 bn During 2021-2025 | Key Geographies that will Drive Growth

Functional Food Ingredients Market: Vendor Landscape

Some of the leading vendors in this market are Archer Daniels Midland Co., BASF SE, Cargill Inc., Chr. Hansen Holding AS, Givaudan SA, Ingredion Inc., International Flavors and Fragrances Inc., Kanegrade Ltd., Koninklijke DSM NV, and Tate and Lyle Plc. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 6.86%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.86 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Increased demand for functional food ingredients from probiotics segment will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, MEA, and South America are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    37% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are Archer Daniels Midland Co., BASF SE, Cargill Inc., Chr. Hansen Holding AS, Givaudan SA, Ingredion Inc., International Flavors and Fragrances Inc., Kanegrade Ltd., Koninklijke DSM NV, and Tate and Lyle Plc
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Probiotics and prebiotics, Proteins and amino acid, Dietary fibers, Vitamins and minerals, and Others) and Geography (APAC, North America, Europe, MEA, and South America).

Market Segmentation by Product

    • Functional Food Ingredients Market Split by Product
      • Probiotics and prebiotics
      • Proteins and amino acid
      • Dietary fibers
      • Vitamins and minerals
      • Others
    • Functional Food Ingredients Market Split by Geography
      • APAC
      • North America
      • Europe
      • MEA
      • South America

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Archer Daniels Midland Co.
  • BASF SE
  • Cargill Inc.
  • Chr. Hansen Holding AS
  • Givaudan SA
  • Ingredion Inc.
  • International Flavors and Fragrances Inc.
  • Kanegrade Ltd.
  • Koninklijke DSM NV
  • Tate and Lyle Plc

Functional Food Ingredients Market Size to Grow by USD 27.52 bn through 2020-2024 | Forecast and Trend Analysis

Technavio has been monitoring the functional food ingredients market and it is expected to grow by USD 27.52 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Functional Food Ingredients Market: Emerging Trends to Impact Market Growth

Wide range of applications to emerge as a key trend in the industrial functional food ingredients market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Functional Food Ingredients Market to Post Incremental Growth of $ 34.86 bn During 2021-2025 | Key Geographies that will Drive Growth

Functional Food Ingredients Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Archer Daniels Midland Co., BASF SE, Cargill Inc., Chr. Hansen Holding A/S, DuPont de Nemours Inc., Givaudan SA, Ingredion Inc., Kanegrade Ltd., Koninklijke DSM NV, and Tate & Lyle Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

Technavio has been monitoring the Global Functional Food Ingredients Market and it is expected to grow by USD 27.52 billion, progressing at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

North America: Consumer preference for healthy convenience food to drive growth

North America to dominate market growth during the forecast period. The US is a key market for functional food ingredients in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America. One of the prime factors that will facilitate the functional food ingredients market growth in North America is the consumer preference for healthy convenience food. An increase in home cooking as a result of the pandemic has also led to the growth of  the funtional food ingredients market.

The increased demand for probiotics owing to its health benefits is expected to propel the growth of the probiotics and prebiotics segment in the functional food ingredients market. Growing consumer awareness about the role of microorganisms in promoting health has led to increased innovation in functional foods, dietary supplements, and beverages segments across the industry.

Functional Food Ingredients Market to Post Incremental Growth of $ 34.86 bn During 2021-2025 | Key Geographies that will Drive Growth

Functional Food Ingredients Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Archer Daniels Midland Co., BASF SE, Cargill Inc., Chr. Hansen Holding A/S, DuPont de Nemours Inc., Givaudan SA, Ingredion Inc., Kanegrade Ltd., Koninklijke DSM NV, and Tate & Lyle Plcare some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Functional Food Ingredients Market to Post Incremental Growth of $ 34.86 bn During 2021-2025 | Key Geographies that will Drive Growth

Functional Food Ingredients Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive Functional Food Ingredients Market growth during the next five years
  • Precise estimation of the Functional Food Ingredients Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the functional food ingredients industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Functional Food Ingredients Market vendors
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