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Functional Food Ingredients Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR45930
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Functional Food Ingredients Market Size Functional Food Ingredients Market - 2021-2025

The functional food ingredients market size is expected to reach a value of USD 34.86 billion, at a CAGR of 6.86%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as increased demand for functional food ingredients from the probiotics segment are projected to significantly support market growth during the forecast period. From this market research report, you can gather necessary insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Functional Food Ingredients Market Size

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Functional Food Ingredients Market Market segmentation by region Functional Food Ingredients Market Segments

Every aspect of business improvement planning depends on the understanding of current and potential target customers across segmentations. Our functional food ingredients market analysis report extensively covers product segment (probiotics and prebiotics, proteins and amino acid, dietary fibers, vitamins and minerals, and others) and geography (APAC, North America, Europe, MEA, and South America), wherein you will obtain insights on qualitative and quantitative data that can help in optimizing financial results and seize business opportunities

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This market research report entails a thorough qualitative and quantitative analysis on the post-pandemic functional food ingredients market predictions on demand changes for 2021-2025.

Functional Food Ingredients Market Segmentation Functional Food Ingredients Market Vendors and Competitive Analysis

The functional food ingredients market size report discusses the current market structure in-depth and how it will shape up during the forecast period based on the entry and exit of market players. Our research analysts have also identified and curated the well-thought-out business planning approaches of key players in this report. At present, the functional food ingredients market is fragmented and the vendors are deploying organic and inorganic growth strategies to gain a competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The functional food ingredients market includes all the current COVID-19 impact updates.

The functional food ingredients market report includes detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Functional Food Ingredients Market Vendors

Functional Food Ingredients Market - Region Opportunities 2021-2025

37% of the functional food ingredients market growth will originate from APAC during the forecast period. China and India are the key markets for functional food ingredients market in APAC. The market research report includes exclusive information on potential business locations and understand the demographics of current and prospective customers.

Functional Food Ingredients Market Share by Geography

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APAC has been exhibiting a significant growth rate for functional food ingredients market vendors. Factors such as the presence of many functional food ingredients and food additives manufacturers in the region are accelerating the functional food ingredients market growth in APAC.

The functional food ingredients market share growth in APAC will be faster than the growth of the market in other regions. Our report will help you garner competitive intelligence and regional opportunities in store for vendors.

Functional Food Ingredients Market Insights by Product

Functional Food Ingredients Market Share by Product

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According to our market segmentation data analysis, the probiotics and prebiotics segment is expected to be a significant contributor to the growth of the functional food ingredients market share during the forecast period. The increased demand for probiotics owing to their health benefits is expected to propel the growth of this segment in the global functional food ingredients market. Increased innovation in functional foods, dietary supplements, and beverages segments is being propelled by the growth in consumer awareness about the role of microorganisms in promoting health. Thus, the probiotics and prebiotics segment is anticipated to be the fastest-growing product segment of the global functional food ingredients market during the forecast period. This report provides an accurate prediction of the revenue share of all the segments to the growth of the functional food ingredients market size.

From the functional food ingredients market segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentations will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors. Given the current pandemic impact on various industries across the globe, our report has extensively incorporated updated actionable market insights on post COVID-19 impact on each segment.

Functional Food Ingredients Market Drivers & Trends

Even if the success rate of a business is higher, every factor, including challenges, influencing any market growth needs to be considered to mitigate potential risks at an earlier development stage. One of the key factors impeding the functional food ingredients market growth is high cost of functional foods. After a thorough analysis of this market, we have curated exhaustive insights on the key industry trends, drivers, and challenges in this report, which will help companies evaluate and build growth strategies.

Increased demand for functional food ingredients from probiotics segment is a key driver augmenting the functional food ingredients market growth. Probiotics are the largest product segment in the global functional food ingredients market, and the segment may continue to retain its market share during the forecast period. The probiotics segment of the global functional food ingredients market is gaining traction as consumers prefer a more balanced diet that can not only take care of their appetite but also offer nutritional benefits. Probiotics are microorganisms that provide immunity, nutritional benefits, and vitamin K, which is an essential nutrient for blood clotting. Yogurt, kefir, sauerkraut, tempeh, kimchi, few varieties of cheese, buttermilk, and fermented soybeans are among the probiotic products in high demand.

This functional food ingredients market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

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Functional Food Ingredients Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive functional food ingredients market growth during the next five years
  • Precise estimation of the functional food ingredients market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the functional food ingredients market across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of functional food ingredients market vendors

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Functional Food Ingredients Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.86%

Market growth 2021-2025

$ 34.86 billion

Market structure

Fragmented

YoY growth (%)

6.35

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 37%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Archer Daniels Midland Co., BASF SE, Cargill Inc., Chr. Hansen Holding AS, Givaudan SA, Ingredion Inc., International Flavors and Fragrances Inc., Kanegrade Ltd., Koninklijke DSM NV, and Tate and Lyle Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Probiotics and prebiotics - Market size and forecast 2020-2025
    • Proteins and amino acid - Market size and forecast 2020-2025
    • Dietary fibers - Market size and forecast 2020-2025
    • Vitamins and minerals - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Archer Daniels Midland Co.
      • BASF SE
      • Cargill Inc.
      • Chr. Hansen Holding AS
      • Givaudan SA
      • Ingredion Inc.
      • International Flavors and Fragrances Inc.
      • Kanegrade Ltd.
      • Koninklijke DSM NV
      • Tate and Lyle Plc

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Functional Food Ingredients market growth will increase by $27524.44 million during 2019-2024.
      The functional food ingredients market is expected to grow at a CAGR of 6.65% during 2019-2024.
      Technavio has segmented the functional food ingredients market by product (Probiotics and prebiotics, Proteins and amino acid, Dietary fibers, Vitamins and minerals, and Others) and geographic (North America, APAC, Europe, MEA, and South America).
      Archer Daniels Midland Co., BASF SE, Cargill Inc., Chr. Hansen Holding A/S, DuPont de Nemours Inc., Givaudan SA, Ingredion Inc., Kanegrade Ltd., Koninklijke DSM NV, Tate & Lyle Plc are a few of the key vendors in the functional food ingredients market.
      North America will register the highest growth rate of 33.34% among the other regions. Therefore, the functional food ingredients market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the functional food ingredients market growth are:
      • Increased demand for functional food ingredients from probiotics segment
      The functional food ingredients market vendors should focus on grabbing business opportunities from the probiotics and prebiotics segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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