Emergen Research has published its latest report titled “Functional Ingredients Market By Product (Probiotics, Maltodextrin, Polydextrose, Pectin, Modified Starch, and Others), By Source (Natural, Synthetic), By Application (Pharmaceuticals, Food & Beverages, Animal Feed, Personal Care, Others), and By Region Forecast to 2028”
According to Emergen Research, the global functional ingredients market size was USD 67.94 Billion in 2020 and is expected to reach USD 109.22 Billion in 2028 and register a revenue CAGR of 6.3% during the forecast period, 2021-2028.
Market Dynamics:
Functional ingredients include protein, probiotics and prebiotics, botanical extracts, minerals, and fatty acids that offers health and wellness benefits to individuals. People, especially the sports and gym enthusiast are looking for the products that help in weight management, muscle gain, cognitive health, digestive health, immune health, and cardiovascular health. These include nutritional bars, yogurt, ready-to-drink fruits beverages and protein powders. Protein is the common functional ingredient that help to prevent chronic diseases, address obesity issues, as well as address muscle loss. Increasing awareness regarding the benefits of functional ingredients in a healthy diet is a major factor expected to boost market revenue growth over the forecast period.
In addition, ongoing trends of health and fitness among individuals, rapid advancements in food technology, increasing focus on preventive healthcare are other factors drive revenue growth of the market over the forecast period. Further, increasing number of clinical studies on food ingredients to evaluate the effects of food on health drive market growth. However, lack of awareness about prebiotics and related functional ingredients, high costs of research and development activities, and stringent government regulatory approvals are factors that can restrain market revenue growth during the forecast period.
Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/781
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Natural Segment Revenue to Expand at a Rapid CAGR:
Natural segment is expected to register a rapid revenue CAGR over the forecast period attributed to growing vegan population globally, and development of plant-based dairy alternatives. Plant-based protein has a number of advantages, including increased fibre consumption, a lower risk of cardiovascular disease and certain types of cancer, and weight management benefits, which is expected to further contribute to revenue growth of the segment.
Food & Beverages Segment to Register Significant Revenue Growth:
Food & beverages segment is expected to register significant revenue growth over the forecast period owing to nutritional health benefits, growing popularity of nutrient-enriched foods and drinks in restaurants and cafes, increasing prevalence of lifestyle diseases among geriatric population and rising government initiatives on programs promoting healthy lifestyles among people.
North America to Account for Largest Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period due to increasing research and development activities in food technology, rising prevalence of chronic diseases such as diabetes and growing awareness regarding health and wellness among consumers. Further, presence of key players and growing consumption of processed foods are some other factors expected to contribute to market growth in the region.
Make Payment [Buy your Exclusive copy]@ https://www.emergenresearch.com/select-license/781
Major Companies in the Market Include:
- Ingredion Incorporated
- FMC Corporation
- Archer Daniels Midland Company
- Golden Grain Group Limited
- Cargill Inc.
- Roquette Freres SA
- Omega Protein Corporation
- BASF SE
- BENEO GmbH
- Zimitech, Inc. (Sugarlogix)
For the purpose of this report, Emergen Research has segmented the global functional ingredients on the basis of product, source, application, and region:
Product Outlook (Volume, Tons; Revenue, USD Billion; 2018–2028)
- Probiotics
- Maltodextrin
- Polydextrose
- Pectin
- Modified Starch
- Conjugated Linoleic Acid
- Protein Hydrolysate
- Rice Protein
- Mung Bean Protein
- Omega-3 (EPA, DHA, ALA)
- Omega-6
Source Outlook (Volume, Tons; Revenue, USD Billion; 2018–2028)
- Natural
- Plant
- Animal
- Microbial
- Synthetic
Application Outlook (Volume, Tons; Revenue, USD Billion; 2018–2028)
- Pharmaceuticals
- Food & Beverages
- Animal Feed
- Personal Care
- Others
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/functional-ingredients-market
Regional Outlook (Volume, Tons; Revenue, USD Billion; 2018–2028)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- France
- K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Turkey
- Rest of MEA
Explore Similar Reports offered by Emergen Research:
The Global Dietary Supplements Market size was valued at USD 150.80 Billion in 2019 and is forecasted to reach USD 235.87 Billion by 2027 at a CAGR of 6.2%. The market is mainly driven by growing health concerns and changing dietary habits among consumers.
The global Ultra High Temperature (UHT) milk market size reached USD 61.56 Billion in 2020, and is expected to register a revenue CAGR of 8.1% during the forecast period. Market revenue growth is primarily driven by rising demand for UHT processed and aseptically packaged dairy foods.
The global food enzymes market size is expected to reach USD 3,309.9 Million in 2028, and register a revenue CAGR of 6.1% during the forecast period. Steady market revenue growth can be attributed to rising demand for convenience food.
The global food thickeners market size reached USD 13.61 Billion in 2020 and is expected to register a revenue CAGR of 5.6% during the forecast period. Increasing changes in food preference among consumers is a major factor expected to drive market revenue growth over the forecast period.
The global Cannabis Market size was valued at USD 8.26 billion in 2019 and is anticipated to reach USD 48.29 billion by 2027 at a CAGR of 24.6%. Increasing beliefs and proven studies that suggest the cannabis to be a favorable plant for usage in multiple medications treatments, have been remarkably helping in the market growth.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkdIn | Twitter | Blogs
Full Press Release@ https://www.emergenresearch.com/press-release/global-functional-ingredients-market