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MarketResearch.biz, in its upcoming report titled, “Global Functional Food Ingredients Market Trends, Applications, Analysis, Growth, and Forecast to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global functional food ingredients market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global functional food ingredients market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The functional food ingredients market is estimated to exhibit a XX.X% CAGR in terms of value during the forecast period 2018–2027. The global market report has been segmented on the basis of product, application, and region.
Functional food ingredients are those to be consumed as a part of the normal diet and contain biologically active compounds. Functional food ingredients have potential to enhance health and reduce the risk of diseases. Functional food ingredients contain minerals, vitamins, dietary fiber, antioxidants, and probiotics.
Growing consumer awareness regarding health and diet is estimated to drive the market over the forecast period. Changing dietary patterns due to changing lifestyles and rise in disposable incomes of the people. Modern lifestyles have led to chronic diseases namely diabetes, cancer, obesity, and heart diseases are most common diseases. The rise in these chronical diseases is anticipated to fuel the market over the period.
The factors contributing towards the growth of the functional food ingredients markets is the advantages of functional foods over regular foods and conventional diets. Rise in awareness and concern over the health, the consumers are moving towards healthy food that contains high-value nutrition than conventional and junk foods. consumers are now stocking up healthy functional foods because of high-nutritive value.
Stringent regulations and strict scrutiny of the food industry is a challenge for the overall growth of the global functional food ingredients market. Regulatory bodies such as United Nations’ Food and Agriculture Organization, Food and Drug Administration are constantly monitoring the use of chemicals in food. Due to these regulations the manufacturers has to get approvals for production and distribution of the products thereby delaying the whole process.
North America market is expected to dominated the market over the forecasted period. Europe is estimated to be the second largest market. Developing countries namely India, China, and Brazil are high value region to most of the players in the market. Intense economic growth along with expanding working class populations due to which there is rise in disposable income of the people is anticipated to fuel the market. Relaxed rules and regulations in the regions of Asia Pacific and Central & South America is anticipated to boost the market over the forecasted period.
Market segmentation and key players operating in the Global Functional Food Ingredients Market:
Global functional food ingredients market segmentation by type:
- Essential oils
Global functional food ingredients market segmentation by application:
Global functional food ingredients market segmentation by region:
- North America
- Asia Pacific
- Latin America
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- Cargill, Inc.
- Archer Daniels Midland Company
- Tate and Lyle Plc.
- Kerry Group PLC
- Arla Foods
- New Asia Ingredients Pvt Ltd.
- Shandong Yuwang Industrial Co. Ltd
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