Functional Food Ingredients Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, India, Germany, UK - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 187 SKU: IRTNTR45930

Functional Food Ingredients Market Size 2024-2028

The functional food ingredients market size is estimated to grow by USD 53.14 billion at a CAGR of 7.38% between 2023 and 2028. The market's growth hinges on several factors, including the heightened demand for functional food ingredients, particularly in the probiotics segment, driven by a growing health consciousness among consumers. This trend is further fueled by an increasing preference for new varieties of functional foods that offer added health benefits. As consumers become more aware of the impact of their dietary choices on overall well-being, there is a rising interest in products that promote health and wellness. This shift in consumer behavior is propelling the demand for functional food ingredients, driving market growth. Additionally, advancements in food technology and research are leading to the development of innovative functional food products, further contributing to market expansion.

What will be the  Market Size During the Forecast Period?

Request Free Sample in PDF

Market Segmentation

The report offers extensive research analysis on the market, with a categorization based on Product, including probiotics and prebiotics, proteins and amino acid, dietary fibers, vitamins and minerals, and others. It further segments the market by Application, encompassing food and beverages, pharmaceuticals, and others. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.

By Product

The probiotics and prebiotics segment is estimated to witness significant growth during the forecast period. The probiotics segment comprises live microorganisms, such as Lactobacillus, Bifidobacterium, and Enterococcus, which are found extensively in yogurt, buttermilk, Greek yogurt, and other fermented dairy products. However, prebiotics are non-digestible fibers that provide nourishment for probiotic bacteria in the body and promote their growth.

Get a glance at the market contribution of the End User  segment Request Free Sample

The probiotics and prebiotics segment was the largest segment and was valued at USD 30.63 billion in 2018. Moreover, the increased demand for probiotics owing to their health benefits is expected to propel the growth of the probiotics and prebiotics segment in the global functional food ingredients market. In addition, increased innovation in functional foods, dietary supplements, and beverages segments is propelled by the growth in consumer awareness about the role of microorganisms in promoting health. For instance, Pineapple Paradise is the new flavor that Wildwonder, the first sparkling prebiotic + probiotic beverage for gut health, launched in June 2023. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

By Application

Based on the application, the segment is classified into food and beverage, pharmaceuticals, and others. The food and beverage segment is the largest segment of the global functional food ingredients. Factors such as the rising health consciousness among people have increased the demand for nutrient-rich food items, therefore leading to an increase in demand for products with high nutrition. In addition, sportspersons and athletes prefer protein-rich diets to improve muscle movements and enhance their performance. Moreover, food supplements are concentrated sources of nutrients. Furthermore, the main purpose of food supplements is to complement the normal diet. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

By Region 

APAC is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions Request Free Sample

Some of the main factors that are contributing to the growth of the functional food ingredients market in APAC include the presence of many functional food ingredients and food additives manufacturers in this region. In addition, China, Japan, India, and South Korea are the key revenue-generating countries in APAC. Moreover, changing lifestyle and growing disposable income has increased the demand for a healthy diet, and the increasing preference for packaged food products will propel the demand for functional food ingredients. In addition, rising health awareness, growing demand for probiotics, and the increasing use of nutritious food supplements containing vitamins and minerals will augment market growth. Hence, such factors are driving the market growth in APAC during the forecast period.

Market Definition 

The market refers to the industry that deals with the production, distribution, and marketing of ingredients that are used in functional food products. Functional foods are defined as those that provide additional health benefits beyond basic nutrition, such as improving heart health, enhancing digestion, boosting immunity, and managing weight. Functional food ingredients can include a wide range of substances, such as vitamins, minerals, probiotics, prebiotics, omega-3 fatty acids, antioxidants, fibers, proteins, and plant-based extracts. These ingredients are added to various food and beverage products to enhance their nutritional value and health-promoting properties.

To Know more about the Market Report  Request Free Sample

Market Dynamics

The market is driven by advancements in R&D, leading to innovative extraction techniques like high-hydrostatic pressure, ultrasound-assisted extraction, and microwave-assisted extraction. Other methods such as pulsed electric field and radio-frequency drying are also gaining traction. These technologies enhance the extraction of beneficial compounds like carotenoids, crucial for fortified food production, addressing micronutrient deficiencies and combating chronic diseases. With a growing middle class and government fortification programs, the market witnesses increasing sales of fortified foods. Adherence to legislative regulations and meeting consumer demand for probiotic strains, fiber, and various antioxidants like flavonoids, beta-carotene, and others drives the market, ensuring compliance with international food regulations.

Key Market Driver

One of the key factors driving the market growth is the increased demand for functional food ingredients from the probiotics segment. There is growing traction for the probiotics segment of the market as consumers prefer a more balanced diet that can not only take care of their appetite but also offer nutritional benefits. In addition, probiotics are microorganisms that provide immunity, nutritional benefits, and vitamin K, which is an essential nutrient for blood clotting.

Moreover, yogurt, kefir, sauerkraut, tempeh, kimchi, a few varieties of cheese, buttermilk, and fermented soybeans are among the probiotic products in high demand. Furthermore, Lactobacillus, Bifidobacterium, and Enterococcus are mainly used in food products such as dairy products, dietary supplements, drugs, medical foods, and feed additives. Therefore, the increased demand for probiotic products will significantly drive the growth of the market during the forecast period.

Significant Market Trends

A key factor shaping the market is the increased use of natural ingredients and botanicals in functional beverages. There is an increase in the launch of functional drinks containing natural ingredients in the global market. In addition, several players in the market are experimenting with unique ingredients and are introducing numerous assortments of natural functional drinks.

For instance, Scheckter's Organic Energy is a 100% organic energy drink. In addition, it contains organic Brazilian guarana, organic raw Brazilian coffee seed, ginkgo Biloba, organic pomegranate juice, organic ginseng, organic elderberry, organic lemon juice, organic raw fair trade sugar, and natural spring water. Hence, such product launches are positively impacting the market which in turn drives the market growth during the forecast period.

Major Market Challenge

The high cost of functional foods is one of the key challenges hindering the market growth. The high cost of functional foods will negatively impact the growth of the market. Even though the sales of functional food products are anticipated to grow at a brisk rate, economic factors have severely impacted the growth of the market.

Moreover, the high prices of nutraceuticals and medical foods will limit the adoption of functional foods globally. In addition, functional foods are expensive owing to their distribution cost, storage cost, and transportation parameters. Furthermore, the complex extraction process adds to the cost. Hence, such factors are hindering the market growth during the forecast period.

Key Market Companies

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

Ajinomoto Co. Inc: The company offers functional food ingredients applications such as Soups, Beverages, Bakery, Dairy, and others.

The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including: 

  • AMCO Proteins
  • Archer Daniels Midland Co.
  • Arla Foods amba
  • Associated British Foods Plc
  • BASF SE
  • Bio Botanica Inc.
  • Cargill Inc.
  • Chr Hansen Holding AS
  • Cooperatie Koninklijke Cosun UA
  • Givaudan SA
  • Ingredion Inc.
  • International Flavors and Fragrances Inc.
  • Kemin Industries Inc.
  • Kerry Group Plc
  • Koninklijke DSM NV
  • Omega Protein Corp.
  • Sudzucker AG
  • Symrise AG
  • Tate and Lyle PLC

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2017 to 2021 for the following segments

  • Product Outlook 
    • Probiotics and prebiotics
    • Proteins and amino acid
    • Dietary fibers
    • Vitamins and minerals
    • Others
  • Application Outlook
    • Food and beverages
    • Pharmaceuticals
    • Others
  • Geography Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing significant growth due to increasing interest in nutrigenomics and the rising prevalence of lifestyle-related diseases like cardiovascular disease, obesity, Alzheimer's disease, and diabetes. Technologies like high voltage electrical discharge and supercritical fluids are facilitating the development of innovative ingredients like conjugated linolenic acid, lutein, zeaxanthin, quercetin, kaempferol, catechins, and anthocyanidins known for their antioxidant and anti-inflammatory properties. These ingredients are widely used in energy drinks, sports drinks, and supplements to cater to health-conscious consumers.

The market also sees demand from the food and beverage and animal feed industries for products promoting cancer risk reduction, cognitive function improvement, and immune system support. Consumers seek plant-based proteins, probiotic ingredients, and omega-3 supplements for their personalization and nutritional value improvement benefits. The market is driven by innovations in research and development and the growth of e-commerce platforms offering a wide range of clean label, organic, and plant-based products. Ingredients like modified starch act as texture, stability, and quality improvers in various applications, including sauces, gravies, frozen desserts, and baked goods, enabling the production of low-fat and fat-free products with reduced calorie content.

Market Scope

Report Coverage

Details

Page number

187

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.38%

Market Growth 2024-2028

USD 53.14 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

6.94

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 37%

Key countries

US, China, India, Germany, and the UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Ajinomoto Co. Inc., AMCO Proteins, Archer Daniels Midland Co., Arla Foods amba, Associated British Foods Plc, BASF SE, Bio Botanica Inc., Cargill Inc., Chr Hansen Holding AS, Cooperatie Koninklijke Cosun UA, Givaudan SA, Ingredion Inc., International Flavors and Fragrances Inc., Kemin Industries Inc., Kerry Group Plc, Koninklijke DSM NV, Omega Protein Corp., Sudzucker AG, Symrise AG, and Tate and Lyle PLC

Market dynamics

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

Customization purview

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

Request Free Sample

What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global functional food ingredients market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global functional food ingredients market 2018 - 2022 ($ billion)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Probiotics and prebiotics - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Probiotics and prebiotics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Probiotics and prebiotics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Probiotics and prebiotics - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Probiotics and prebiotics - Year-over-year growth 2023-2028 (%)
    • 6.4 Proteins and amino acid - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Proteins and amino acid - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Proteins and amino acid - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Proteins and amino acid - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Proteins and amino acid - Year-over-year growth 2023-2028 (%)
    • 6.5 Dietary fibers - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Dietary fibers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Dietary fibers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Dietary fibers - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Dietary fibers - Year-over-year growth 2023-2028 (%)
    • 6.6 Vitamins and minerals - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Vitamins and minerals - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Vitamins and minerals - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Vitamins and minerals - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Vitamins and minerals - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 56: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 58: Chart on Comparison by Application
      • Exhibit 59: Data Table on Comparison by Application
    • 7.3 Food and beverages - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Food and beverages - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Food and beverages - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
    • 7.4 Pharmaceuticals - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Pharmaceuticals - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Pharmaceuticals - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
    • 7.5 Others - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 72: Market opportunity by Application ($ billion)
      • Exhibit 73: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 76: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 115: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ billion)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Ajinomoto Co. Inc.
              • Exhibit 127: Ajinomoto Co. Inc. - Overview
              • Exhibit 128: Ajinomoto Co. Inc. - Business segments
              • Exhibit 129: Ajinomoto Co. Inc. - Key offerings
              • Exhibit 130: Ajinomoto Co. Inc. - Segment focus
            • 12.4 AMCO Proteins
              • Exhibit 131: AMCO Proteins - Overview
              • Exhibit 132: AMCO Proteins - Product / Service
              • Exhibit 133: AMCO Proteins - Key offerings
            • 12.5 Archer Daniels Midland Co.
              • Exhibit 134: Archer Daniels Midland Co. - Overview
              • Exhibit 135: Archer Daniels Midland Co. - Business segments
              • Exhibit 136: Archer Daniels Midland Co. - Key offerings
              • Exhibit 137: Archer Daniels Midland Co. - Segment focus
            • 12.6 Arla Foods amba
              • Exhibit 138: Arla Foods amba - Overview
              • Exhibit 139: Arla Foods amba - Business segments
              • Exhibit 140: Arla Foods amba - Key offerings
              • Exhibit 141: Arla Foods amba - Segment focus
            • 12.7 Associated British Foods Plc
              • Exhibit 142: Associated British Foods Plc - Overview
              • Exhibit 143: Associated British Foods Plc - Business segments
              • Exhibit 144: Associated British Foods Plc - Key offerings
              • Exhibit 145: Associated British Foods Plc - Segment focus
            • 12.8 BASF SE
              • Exhibit 146: BASF SE - Overview
              • Exhibit 147: BASF SE - Business segments
              • Exhibit 148: BASF SE - Key news
              • Exhibit 149: BASF SE - Key offerings
              • Exhibit 150: BASF SE - Segment focus
            • 12.9 Cargill Inc.
              • Exhibit 151: Cargill Inc. - Overview
              • Exhibit 152: Cargill Inc. - Product / Service
              • Exhibit 153: Cargill Inc. - Key news
              • Exhibit 154: Cargill Inc. - Key offerings
            • 12.10 Chr Hansen Holding AS
              • Exhibit 155: Chr Hansen Holding AS - Overview
              • Exhibit 156: Chr Hansen Holding AS - Business segments
              • Exhibit 157: Chr Hansen Holding AS - Key news
              • Exhibit 158: Chr Hansen Holding AS - Key offerings
              • Exhibit 159: Chr Hansen Holding AS - Segment focus
            • 12.11 Givaudan SA
              • Exhibit 160: Givaudan SA - Overview
              • Exhibit 161: Givaudan SA - Business segments
              • Exhibit 162: Givaudan SA - Key offerings
              • Exhibit 163: Givaudan SA - Segment focus
            • 12.12 Ingredion Inc.
              • Exhibit 164: Ingredion Inc. - Overview
              • Exhibit 165: Ingredion Inc. - Business segments
              • Exhibit 166: Ingredion Inc. - Key news
              • Exhibit 167: Ingredion Inc. - Key offerings
              • Exhibit 168: Ingredion Inc. - Segment focus
            • 12.13 International Flavors and Fragrances Inc.
              • Exhibit 169: International Flavors and Fragrances Inc. - Overview
              • Exhibit 170: International Flavors and Fragrances Inc. - Business segments
              • Exhibit 171: International Flavors and Fragrances Inc. - Key news
              • Exhibit 172: International Flavors and Fragrances Inc. - Key offerings
              • Exhibit 173: International Flavors and Fragrances Inc. - Segment focus
            • 12.14 Kemin Industries Inc.
              • Exhibit 174: Kemin Industries Inc. - Overview
              • Exhibit 175: Kemin Industries Inc. - Product / Service
              • Exhibit 176: Kemin Industries Inc. - Key offerings
            • 12.15 Koninklijke DSM NV
              • Exhibit 177: Koninklijke DSM NV - Overview
              • Exhibit 178: Koninklijke DSM NV - Business segments
              • Exhibit 179: Koninklijke DSM NV - Key news
              • Exhibit 180: Koninklijke DSM NV - Key offerings
              • Exhibit 181: Koninklijke DSM NV - Segment focus
            • 12.16 Symrise AG
              • Exhibit 182: Symrise AG - Overview
              • Exhibit 183: Symrise AG - Business segments
              • Exhibit 184: Symrise AG - Key offerings
              • Exhibit 185: Symrise AG - Segment focus
            • 12.17 Tate and Lyle PLC
              • Exhibit 186: Tate and Lyle PLC - Overview
              • Exhibit 187: Tate and Lyle PLC - Business segments
              • Exhibit 188: Tate and Lyle PLC - Key news
              • Exhibit 189: Tate and Lyle PLC - Key offerings
              • Exhibit 190: Tate and Lyle PLC - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 191: Inclusions checklist
                • Exhibit 192: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 193: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 194: Research methodology
                • Exhibit 195: Validation techniques employed for market sizing
                • Exhibit 196: Information sources
              • 13.5 List of abbreviations
                • Exhibit 197: 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.

              INFORMATION 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

              DATA 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

              REPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              functional food ingredients market market

              QUICK BUY

              Key Questions Answered

              • 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?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis