Global Functional Ingredients Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global functional ingredients market in its upcoming report titled, “Global Functional Ingredients Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global functional ingredients market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global functional ingredients market report has been segmented on the basis of product, application, and region.

Functional ingredients include health-promoting ingredients or natural components found in conventional, fortified, or enhanced foods. Consumption of functional ingredients offer many potential health benefits such as energy boosting, health promoting, and disease preventing properties. Some examples of functional ingredients include modified starch, probiotics, protein hydrolysate, omega 3, and others.

Increasing adoption of functional ingredients in food and beverages especially in dairy & baked products owing to its tremendous health benefits offered by these ingredients is a major factor driving growth of the global functional ingredients market. Increasing demand for functional ingredients in pharmaceuticals industry as coating material for production of tablets and in cosmetic industry for manufacturing creams and other personal care products are other factors expected to fuel growth of the global functional ingredients market over the forecast period.

Rising disposable income in developing and developed countries, changing lifestyle, growing urbanization, and low-calorie and high nutritional content of functional food are other factors anticipated to support growth of the global functional ingredients market. Increasing demand for functional ingredients from animal feed industry which helps provide proper nutrients to animals and promote health of poultry and other animals are other major factor anticipated to boost growth of this market.

However, high consumption of functional ingredients leads to various side effects such as gastrointestinal diseases, vomiting, fever, etc. which is a major factor restraining growth of the functional ingredients market. Comparatively high prices of some functional ingredients and easy availability of substitutes by local manufacturers is another factor expected to hamper growth of this market over the forecast period.

The market in North America is expected to dominate the global functional ingredients market by accounting for highest share in terms of revenue, owing to rising health concerns and increasing prevalence of diseases such as diabetes, obesity, and digestive disorders in countries in the region. The market in Asia Pacific is expected to account for second-highest revenue share in terms of revenue, owing to changing life style, rising disposable income, and high demand for functional ingredients from emerging economics such as China and India. The market in Asia Pacific is followed by market in Europe, Latin America, Middle East & Africa.

Global functional ingredients market segmentation:

Segmentation by product:

• Maltodextrin
• Probiotics
• Polydextrose
• Modified starch
• Pectin
• Omega-3 (EPA, DHA, ALA)
• Omega-6
• Conjugated linoleic acid
• Rice protein
• Protein hydrolysate
• Mung bean protein

Segmentation by application:

• Food & beverages
• Personal care
• Pharmaceuticals
• Animal feed
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa