Functional Food Ingredients Market By Health Benefits (Bone Health, Heart Health Immunity, Nutrition), By Type (Vitamin, Protein, Mineral, Probiotic And Prebiotic, Fatty Acid) - Growth, Future Prospects, Competitive Analysis And Forecast, 2016 - 2023

The functional food ingredients can be defined as an ingredient that have the capability to add various advantages to the end product. Functional food ingredients are usually stated as such ingredients that are most likely to be consumed as a part of a standard diet and that comprises of biologically active constituents, which proposes the potential of enhanced health benefits. Some of the functional food comprises of food that comprises exact vitamins, minerals, fiber, fatty acids, phytochemicals, and others. Rising consumer awareness related to health, increasing demand for fortified foods as well as number of fitness centers and number of gym goers is anticipated to expand the growth of functional foods ingredients market over the period 2016-2023. Increasing health consciousness as well as escalating different chronic diseases such as diabetes, blood pressure, and other related diseases has intensified the demand for functional food ingredients in order to bolster the production of functional foods. Apart from this, rising demand for fortified foods that are enjoyable, safe and healthy and tasty is anticipated to foster the demand for functional food ingredients market over the forecast period. Apart from this, escalating demand for snack bars especially for heart health is likely to intensify the functional food ingredients market over the forecast period.

Change in lifestyle along with increased consumption of fortified food products is expected to drive the growth of global functional food ingredients market over the forecast period. The increasing production of food as well as change in lifestyle is expected to intensify the growth of functional food ingredients market over the forecast period. The advantages being offered by consumption of functional food as compared to other foods is anticipated to favorably impact the growth of functional food ingredients market between 2016 and 2023.

Functional food ingredients market has been estimated to be valued at US$ 2,182.7 Mn by the end of 2016 and is expected to attain revenue of US$ 3,442.9 Mn by 2023, expanding at a CAGR of 6.7% during the forecast period 2016-2023.

Functional Food Ingredients Market

Purpose of the Report

The purpose of this strategic research study titled “Global Functional Food Ingredients Market - Growth, Future Prospects, and Competitive Analysis 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global functional food ingredients market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Functional Food Ingredients Market - Growth, Future Prospects, and Competitive Analysis 2016 – 2023” offers strategic insights into the global functional food ingredients market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on type and health benefits and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading functional food ingredients vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within functional food ingredients industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 3-Year market size data (2013 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global functional food ingredients market, of growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

On the basis of geography, the global functional food ingredients market is segmented into following categories,

  • North America
    • U.S.
    • Canada
  • Europe
    • EU
    • CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America

Functional Food Ingredients Market

Inclination towards health consciousness and changing mindset of consumer towards healthy foods is anticipated to bolster the growth of functional food ingredients market over the period 2016-2023. The global functional food ingredients market is segment on the basis of geography. North America contributed the highest revenue share in total functional food ingredients market with a contribution of more than 30% in 2015. Followed by it, Europe stood at second position in the same year. Rising urbanization, higher health awareness and consciousness along with high population spending in these developed regions is anticipated to contribute for double digit growth rate of these regions during the projected period. The booming food and beverage sector in Middle East and Africa as well as Latin American countries is anticipated to spur the growth of functional food ingredients market in these regions over the period 2016-2023.

Choose License Type
Published Date:  Dec 2016
Category:  Food & Beverage
Report ID:   58282
Report Format:   PDF
Pages:   120
Rating:    4.3 (65)
Connect With Us
+1-408-641-3282
24/7 Research Support