Functional Food Ingredients Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

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Functional Food Ingredients Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

Status : December, 2022 | Food and Beverages

Report Digest

Functional Food Ingredients Market: Overview

The expanding demand for clean label foods among a considerable chunk of the populace and the rising awareness about the importance of consuming nutritional foods will bring good growth prospects for the functional food ingredients market during the forecast period of 2020-2030.

Health problems like diabetes and obesity are increasing at a rapid pace over the years due to the changing lifestyle of a substantial number of individuals. Hectic routines, new food habits, liking for junk food, and demographic aspects are leading to a change in diet habits. At the same time, the awareness about the importance of staying fit and healthy is increasing exponentially. Thus, many people are trying to be fit by consuming healthier and clean-label foods. These factors bode well for the growth of the functional food ingredients market.

Functional food ingredients are bioactive compounds that are used for creating functional food products. These ingredients can be obtained from various sources such as microorganisms, marine sources, inorganic raw materials, etc. The associated advantages with functional food ingredients make them a hit among many food manufacturers, ultimately contributing to the growth trajectory of the global market for functional food ingredients.

The overwhelming use of functional food ingredients across applications in pharmaceuticals, food and beverages, animal feed, personal care, and others will bring tremendous growth opportunities. Based on product, the functional food ingredients market can be segmented into polydextrose, maltodextrin, omega-6, omega-3, protein hydrolysate, pectin, probiotics, modified starch, conjugated linoleic acid, and mung bean protein.

Functional food ingredients have a plethora of benefits. They help in prevention of diseases, boost energy levels, and promote good health. In addition, they assist in tackling high postprandial blood glucose and also assist in reducing cholesterol. These problems are common, especially among the elderly. Thus, the growing aging population will accelerate the growth prospects of the functional food ingredients market to a considerable extent.

Functional Food Ingredients Market: Competitive Dimensions

The functional food ingredients market is highly fragmented. Many players in the functional food ingredients market are involved in fierce competition for gaining a prominent position in terms of the consumer base. The players indulge in research and development activities. These activities help in discovering insights that play a crucial role in revenue-generation aspects. All these factors eventually help in increasing the growth rate of the functional food ingredients market.

Strategic collaborations are vital for enhancing the growth structure of the functional food ingredients market. Many players are involved in these activities frequently to increase their influence across the functional food ingredients market.

Some well-entrenched players in the functional food ingredients market are Ingredion Incorporated, Kemin Industries, Inc., Golden Grain Group Limited, Kerry Group, Tate & Lyle PLC, Cargill, Incorporated, and DuPont.

Functional Food Ingredients Market: Key Developments

The functional food ingredients market is full of novel developments. Many developments take place across the global market. Some of them have the power to accelerate the growth opportunities. The prominent ones are as follows:

  • Planterra, a plant-based meat company recently partnered with MycoTechnology, a fermented protein ingredient company to introduce new functional ingredients.
  • Biosearch Life, a biotechnology company, was acquired by the Kerry Group, a pioneer in the functional food ingredients market.

Such developments help in boosting the growth opportunities across the functional food ingredients market.

Functional Food Ingredients Market: Regional Insights

The expanding awareness among consumers regarding the consumption of healthy and clean food across North America will make it a dominant region among others in terms of functional food ingredients market growth. Europe is also stated to observe promising growth due to the rise in prevalence of obesity and other health disorders.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?