Functional Food Ingredients: Global Market Outlook to 2023 - Development of Different Techniques to Create High-Value Natural Carotenoids
DUBLIN, July 19, 2018 /PRNewswire/ --
The "Functional Food Ingredients Market by Type (Probiotics, Prebiotics, Proteins & Amino Acids, Phytochemical & Plant Extracts, Omega-3 Fatty Acids, Carotenoids, Fibers & Specialty Carbohydrates), Application, Source & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The functional food ingredients market is estimated to be valued at USD 68.6 billion in 2018 and is projected to reach USD 94.21 billion by 2023, at a CAGR of 6.6% during the forecast period.
The increase in consumption of nutritive convenience food and fortified food and the rising health awareness among consumers are leading to increased consumption of healthier diets, thereby driving this market. Food safety concerns and adherence to stringent international quality standards & regulations restrain the growth of the functional food ingredients market.
Segments Analyzed
The functional food ingredients market, based on type, has been segmented into probiotics, proteins & amino acids, phytochemical & plant extracts, prebiotics, fibers & specialty carbohydrates, omega-3 fatty acids, carotenoids, vitamins, and minerals. The prebiotics segment is projected to grow at the highest CAGR during the forecast period. Prebiotics help in increased mineral absorption as well as increased bone strength and immunity, other than improving gut health. They are rapidly growing in popularity within the functional food market due to their vast applications in dairy products, health drinks, nutrition bars, breakfast cereals, beverages, bakery products, meat products, mineral supplements, weight-loss products, green foods, infant food, and pet food.
The functional food ingredients market, by source, has been segmented into natural and synthetic. The natural segment is estimated to dominate the market in 2018 and is projected to grow at a higher CAGR by 2023. A majority of functional food ingredients are sourced through natural means. The growing consumer awareness about the related health benefits associated with ingredients sourced from natural sources fuels the growth of the natural segment.
The functional food ingredients market, by application, has been segmented into food and beverages. It was dominated by the food segment in 2018. With the increasing awareness among consumers, the market for functional food is growing as consumers prefer balanced diets and food that not only satisfy their hunger but also take health into consideration. Therefore, the growing market for functional food is opening up opportunities for the development of applications in the functional food ingredients market.
The North American market is estimated to account for the largest share in 2018. This market is projected to be driven by the increase in consumer demand for healthy convenience food due to their busy lifestyles. Further, increasing occurrences of obesity and cardiac diseases have led consumers to demand functional food products, thereby driving the market for functional food ingredients.
The South American market is projected to grow at the highest CAGR from 2018 to 2023. The growing food processing industry in the region, along with the growing health consciousness, has a direct impact on the functional food ingredients industry in the region owing to the use of functional food ingredients in energy drinks & bars, dairy products, and infant nutrition products. This is the key reason for the high-growth rates of all types of functional food ingredients in this region.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Functional Food Ingredients Market: Geographic Segmentation
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Functional Food Ingredients Market
4.2 Functional Food Ingredients Market, By Key Country
4.3 Europe: Functional Food Ingredients Market, By Type & Key Country
4.4 Functional Food Ingredients Market, By Application & Region
4.5 Functional Food Ingredients Market, By Source & Region
5 Market Overview
5.1 Introduction
5.2 Market Insights
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increase in Consumption of Nutritive Convenience Food and Fortified Food
5.3.1.2 Growth in Health Awareness Among Consumers Leading to an Increased Consumption of Healthier Diets
5.3.1.3 Growth in Incidences of Chronic Diseases
5.3.1.4 Growth in Need for Food Enrichment Due to High Processing Levels of Food Products
5.3.1.5 Research & Development and Expansion of Production Capacity to Enhance Applicability & Accelerate Growth
5.3.2 Restraints
5.3.2.1 Higher Cost for Functional Food Products Due to the Inclusion of Healthier or Naturally Sourced Ingredients
5.3.3 Opportunities
5.3.3.1 Development of Different Techniques to Create High-Value Natural Carotenoids
5.3.3.2 Alternative Sources to Obtain Omega-3
5.3.4 Challenges
5.3.4.1 Complexities Related to the Integration and Adulteration of Functional Food Products
5.4 Value Chain
6 Functional Food Ingredients Market, By Type
6.1 Introduction
6.2 Probiotics
6.3 Proteins & Amino Acids
6.4 Phytochemical & Plant Extracts
6.5 Prebiotics
6.6 Fibers & Specialty Carbohydrates
6.7 Omega-3 Fatty Acids
6.8 Carotenoids
6.9 Vitamins
6.1 Minerals
6.10.1 Macro Minerals
6.10.2 Micro Minerals
7 Functional Food Ingredients Market, By Source
7.1 Introduction
7.2 Natural Source
7.2.1 Animal
7.2.1.1 Protein
7.2.1.2 Omega-3 Fatty Acids
7.2.2 Microbial
7.2.2.1 Probiotics
7.2.2.2 Carotenoids
7.2.3 Plant
7.2.3.1 Prebiotics
7.2.3.2 Protein
7.2.3.3 Amino Acids
7.2.3.4 Omega-3 Fatty Acids
7.2.3.5 Phytochemicals
7.2.3.6 Fiber
7.2.3.7 Vitamins
7.2.3.8 Carotenoids
7.3 Synthetic Source
7.3.1 Vitamins
7.3.2 Phytochemicals
7.3.3 Amino Acids
7.3.4 Carotenoids
8 Functional Food Ingredients Market, By Application
8.1 Introduction
8.2 Food
8.2.1 Infant Food
8.2.2 Dairy Products
8.2.3 Bakery Products
8.2.4 Confectionery Products
8.2.5 Snacks
8.2.6 Meat & Meat Products
8.2.7 Others
8.3 Beverages
8.3.1 Energy Drinks
8.3.2 Juices
8.3.3 Health Drinks
9 Functional Food Ingredients Market, By Health Benefit
9.1 Introduction
9.2 Gut Health
9.3 Heart Health
9.4 Bone Health
9.5 Immunity
9.6 Nutritive Health
9.7 Weight Management
10 Functional Food Ingredients Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 France
10.3.3 Germany
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Australia
10.4.5 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South America
10.6 Rest of the World (RoW)
10.6.1 Middle East
10.6.2 Africa
11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.3 Market Ranking Analysis
11.4 Acquisitions
11.5 Expansions & Investments
11.6 New Product Launches
11.7 Agreements, Partnerships, and Joint Ventures
12 Company Profiles
12.1 Cargill
12.2 BASF SE
12.3 Dowdupont
12.4 Archer Daniels Midland Company
12.5 Arla Foods
12.6 Kerry Group
12.7 Ajinomoto
12.8 Koninklijke DSM N.V.
12.9 Ingredion Incorporated
12.10 Tate & Lyle
12.11 Roquette Frres
12.12 CHR. Hansen
12.13 Kemin Industries
12.14 Beneo
12.15 Royal Cosun
For more information about this report visit https://www.researchandmarkets.com/research/qng5v3/functional_food?w=5
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