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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

Functional food ingredients can be defined as ingredients 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 comprise biologically active constituents, which propose the potential for enhanced health benefits. Some functional foods consist of foods that contain specific vitamins, minerals, fiber, fatty acids, phytochemicals, and others.

Rising consumer awareness related to health and increasing demand for fortified foods, as well as the number of fitness centers and gym goers, are anticipated to expand the growth of the functional food ingredients market over the period 2016–2023.

Increasing health consciousness, as well as the escalating incidence of different chronic diseases such as diabetes, high blood pressure, and other related diseases, have 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, healthy, and tasty is anticipated to foster demand for the 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.

Changes in lifestyle, along with increased consumption of fortified food products, are expected to drive the growth of the global functional food ingredients market over the forecast period. The increasing production of food, as well as changes in lifestyle, are expected to intensify the growth of the functional food ingredients market over the forecast period.

The advantages being offered by the consumption of functional foods as compared to other foods are anticipated to favorably impact the growth of the functional food ingredients market between 2016 and 2023.

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

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 to 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 and Buyers
  • Product Suppliers and Buyers
  • Research Institutes

On the basis of health benefts, the functional food ingredients market is categorized into the following types:

  • Bone health
  • Heart health
  • Immunity
  • Nutrition
  • Other

Increasing consumption of processed food in developing economies such as China and India has intensified the demand for functional food ingredients all across the globe. Apart from this, a significant increase in the number of baby boomers, along with a change in lifestyle, is anticipated to intensify the functional food ingredient market over the period 2016–2026.

The functional food ingredients market is segmented on the basis of health benefits, which include bone health, heart health, immunity, nutrition, and others. The bone health segment contributed significantly to the total functional food ingredients market in 2015. The rising number of cardiovascular diseases all over the world is likely to expand the growth of the heart health segment over the forecast period.

On the basis of type, the functional food ingredients market is categorized into the following types:

  • Vitamin
  • Protein
  • Mineral
  • Probiotics and prebiotics
  • Fatty Acid
  • Others

The significant demand for functional food products all over the world has intensified the demand for functional food ingredients. The functional food ingredients market is segmented on the basis of type, which includes minerals, vitamins, proteins, probiotics and prebiotics, fatty acids, and others.

The vitamins segment contributed the largest revenue share to the total functional food ingredients market in 2015. Rising health consciousness has intensified the demand for the segment over the past few years. Rising demand for functional drinks is anticipated to expand the probiotic and prebiotic segments' growth over the forecast period.

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

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

Inclination towards health consciousness and a changing mindset of consumers towards healthy foods are anticipated to bolster the growth of the functional food ingredients market over the period 2016–2023.

Geographically, the global market for functional food ingredients is divided. North America contributed the highest revenue share in the total functional food ingredients market, with a contribution of more than 30% in 2015.

Following that, Europe finished second in the same year. Rising urbanization, higher health awareness, and higher population spending in these developed regions are anticipated to contribute to the double-digit growth rate of these regions during the projected period. The booming food and beverage sector in the Middle East and Africa, as well as in Latin American countries, is anticipated to spur the growth of the functional food ingredients market in these regions over the period 2016–2023.

Frequently Asked Question:

The market for Functional Food Ingredients Market is expected to reach USD$ 3,442.9 Mn in 2023.

The Functional Food Ingredients Market is expected to see significant CAGR growth over the coming years, at 6.7%.

The report is forecasted from 2016 -2023.

The base year of this report is 2015.

Cargill Incorporated, DSM, BASF SE, Tate and Lyle Plc., Ingredion Incorporated. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Dec 2016
Category:  Food & Beverage
Report ID:   58282
Report Format:   PDF
Pages:   120
Rating:    4.3 (65)
Delivery Time: 24 Hours to 48 Hours   
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