PUBLISHER: TechNavio | PRODUCT CODE: 1657146
PUBLISHER: TechNavio | PRODUCT CODE: 1657146
The functional food ingredients market is forecasted to grow by USD 59.1 billion during 2024-2029, accelerating at a CAGR of 7.6% during the forecast period. The report on the functional food ingredients market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for functional food ingredients from probiotics segment, rising health awareness, and rise in demand for new varieties of functional foods.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 7.2% |
CAGR | 7.6% |
Incremental Value | $59.1 bn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's functional food ingredients market is segmented as below:
By Product
By Application
By Source
By Geographical Landscape
This study identifies the increasing demand for food containing omega-3 fatty acids as one of the prime reasons driving the functional food ingredients market growth during the next few years. Also, increase use of natural ingredients and botanicals in functional beverages and growing demand for functional food ingredients in emerging economies will lead to sizable demand in the market.
The report on the functional food ingredients market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading functional food ingredients market vendors that include 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 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 Group, and Tate and Lyle PLC. Also, the functional food ingredients market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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