The global FunctionalIngredients Market size is expected to value at USD 96.1 billion by 2026. The market is subject to witness a substantial growth due to the rising health consciousness along with the growing need for healthy and comfort foods. Functional ingredients are commonly termed as natural ingredients that consists of energy boosters, health enriching elements, and disease averting characteristics.
Such
advantages of functional ingredients are generating massive demand in food and
beverage industry, thus boosting growth of the industry in coming years.
Additionally, growing preference towards latest trends involving packaged food
containing high content of vitamins, minerals, and natural extracts is
augmenting growth of the market by creating a suitable environment for their
regular use in foods and beverages industry. Globally, the functional
ingredients market is predicted to grow at CAGR of 5.9% in forecast period,
providing numerous opportunity for market players to invest for research and development
in the market.
Rising
health awareness among consumers and changing food patterns across the globe
are some of the key factors driving demand for the high nutrient content diet.
Other factors responsible for driving growth of the functional ingredients
industry are increasing personal expenditure, rise in urbanization and
preference for fortified convenience foods with high nutritional content.
Shifting focus towards food products with high nutritional content by younger
population in their regular diet routine is propelling growth the market over
the forecast period. Functional ingredients are proved to be vital for the
treatment of obesity management.
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Applications
of the functional ingredients further extends to pharmaceutical sector as a
coating material due to properties such as lower viscosity, large solid
content, and higher water solubility. With substantial growth of the
pharmaceutical sector across the globe is expected drive demand of the
functional ingredients over the forecast period. Probiotics is considered as
one of the key segment showcasing highest growth in the functional ingredients
industry in coming years.
Increasing
occurrence of health disorders like diabetes, obesity, and digestive disorders
among geriatric population across the globe is further propelling growth of the
market in recent years. With the recent developments of innovative products and
rising capital funding by major producers are fueling demand of the functional
ingredients market across different industry verticals. Furthermore, rise in
need for premium personal care products consisting of organic and herbal
variants are further contributing to the expansion of the market in upcoming
years. Application of the functional ingredients is further extending to sports
sectors as increasing demand for rice protein and high nutritional diet is on
the rise.
The
functional ingredients are typically termed as a bio-active compound that are
utilized during production of functional food products. The functional
ingredients are mainly obtained from various sources similar to primary
harvest, marine resources, microorganisms and inorganic base materials.
Functional ingredients are also produced from food processing waste with high
nutritional value offering excess financial benefits to food and beverages
industry. Applications of the functional ingredients also involves production
of nutraceuticals.
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Functional Ingredients Product
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2026)
• Maltodextrin
• Probiotics
• Polydextrose
• Modified starch
• Pectin
• Omega-3 (EPA, DHA, ALA)
• Omega-6
• Conjugated linoleic acid
• Rice protein
• Protein hydrolysate
• Mung bean protein
Functional
Ingredients Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014
- 2026)
• Food & beverages
• Personal care
• Pharmaceuticals
• Animal feed
• Others
Functional
Ingredients Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 -
2026)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Thailand
• Central & South America
• Brazil
• Middle East & Africa
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