The global functional food ingredients market size was USD 105.60 Billion in 2022 and is expected to register a rapid revenue CAGR of 6.9% during the forecast period. Rising prevalence of chronic diseases is primary key factor driving market revenue growth. Functional meals provide the human body with essential nutrients that aid in prevention of chronic diseases as these are high in antioxidants, which help to neutralize free radicals that damage healthy cells and reduce the risk of chronic diseases including heart disease, cancer, and diabetes. In addition, high-fiber diets help to prevent illnesses such as obesity, heart disease, stroke, and Gastrointestinal (GI) disorders is another key factor driving revenue growth of the market. According to the World Health Organization (WHO), 41 million people every year die due to chronic diseases globally, among which cardiovascular illnesses accounted for majority of death i.e., 17.9 million people per year, followed by malignancies 9.3 million individuals, chronic respiratory diseases 4.1 million individuals, and diabetes-related kidney disease around 2.0 million people per year. Functional foods are fortified, enriched, and improved foods that give health advantages in addition to basic nutrients, such as vitamins and minerals, when ingested in effective amounts on a regular basis. Functional food ingredients prevent nutritional deficiencies and stimulates growth and development. For instance, oats are high in beta-glucan, a type of fiber that reduces inflammation, promotes immunological function, and improves cardiac health.
The Global Functional Food Ingredients Market Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Functional Food Ingredients Market market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.
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Effect of COVID-19 on the global market for Functional Food Ingredients Market
The COVID-19 pandemic had a significant negative influence on the market for Functional Food Ingredients Market in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Functional Food Ingredients Market were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Functional Food Ingredients Market in 2020. Additionally, demand for Functional Food Ingredients Market decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Functional Food Ingredients Market market : Competitive Landscape
The prominent players operating in the Functional Food Ingredients Market market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Functional Food Ingredients Market market .
Cargill, Incorporated, BASF SE, ADM¸ DuPont, Arla Foods Amba, Kerry Group plc, Ajinomoto Co., Inc., DSM, Ingredion, and DSM
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the Global Functional Food Ingredients Market Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.
Based on types, the market is segmented into
Type of Ingredient Outlook (Revenue, USD Billion; 2019–2032)
- Probiotics
- Proteins Amino Acids
- Phytochemicals Plant Extracts
- Prebiotics
- Fiber Specialty Carbohydrates
- Carotenoids
- Vitamins
Source Outlook (Revenue, USD Billion; 2019–2032)
- Animal
- Plant
- Microbial
Health Benefit Outlook (Revenue, USD Billion; 2019–2032)
- Gut Health
- Cardiovascular Health
- Immunity
- Nutritive Health
- Weight Management
- Other Health Benefits
Regional Outlook :
The growth of the Functional Food Ingredients Market Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.
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