In-Depth Exploration of the Functional Food Ingredients Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2024 to 2032.
Report Ocean has recently released a comprehensive research report on the global Functional Food Ingredients Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Functional Food Ingredients Market is valued approximately USD 177.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2020-2027.
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Functional food can be defined as a transformed food that claims to improve health. It does not prevent illnesses, but it aims to reduce the risk of dangerous diseases by supplying vital nutrients and proteins to improve the health of the body. Functional nutritional food adds advantages to human physiological needs. Further, growing appetite for nutritious drinks across the globe is expected to build opportunities for players in the global market for practical food ingredients. Rising health-conscious customers have raised the market for nutritious bars and drinks, increasing the sales of functional food ingredients.
For instance: as per Statista Health food and beverage sales of the “organic” category reached 105 billion U.S. dollars. Furthermore, Consumer intake of protein-rich foods is on the rise. Around the same time, health-conscious customers have decreased their intake of items that are rich in carbohydrates and sweeteners and food with a high fat content. Also, as per Statista organic food category held a share of about five percent of the global health and wellness market in 2017. As a result, high fiber and high protein food intake have risen, raising the need for functional food ingredients from the food industry. However, the higher cost for functional food product impedes the growth of the market over the forecast period of 2020-2027. Also, consumers are deeply interested in understanding more about functional food items would create a lucrative opportunity for Global Functional Food Ingredients Market
The regional analysis of global Functional Food Ingredients market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the urbanization, growing expenditure on health goods and knowledge of the medicinal benefits of functional food are projected to boost functional food market growth in Asia-Pacific. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as change in lifestyle and drastic changes in the food preference would create lucrative growth prospects for the Functional Food Ingredients market across the region.
Major market player included in this report are:
Danone, Glanbia PLC
Hearthside Food Solutions LLC
Meiji Co., Ltd.
Royal frieslandcampina N.V.
Sanitarium Health Food Company
The Kraft Heinz Company.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Proteins & Amino Acids
Prebiotics & Dietary Fibers
Bakery & Cereals
Meat, Fish & Eggs
Fats & Oils
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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This report covers several key questions related to the global Functional Food Ingredients market, including:
- What can be expected for the Functional Food Ingredients market in the next decade?
- What are the primary drivers of growth in the global Functional Food Ingredients market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Functional Food Ingredients market vary based on the size of the end market?
- What is the breakdown of Functional Food Ingredients by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Functional Food Ingredients market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Functional Food Ingredients Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Functional Food Ingredients Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Functional Food Ingredients Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Functional Food Ingredients Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Functional Food Ingredients Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Functional Food Ingredients Market.
Our Functional Food Ingredients Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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