NEW YORK, Nov. 29, 2022 /PRNewswire/ -- The functional food ingredients market size is estimated to grow by USD 48.06 billion. The growth momentum of the market will accelerate at a CAGR of 7.16% during the forecast period, according to Technavio. APAC held 37% of the global functional food ingredients market in 2022. The market in the region is estimated to grow at the fastest pace during the forecast period. The presence of many manufacturers of functional food ingredients and food additives in this region will facilitate the functional food ingredients market growth in APAC over the forecast period.
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Functional food ingredients market: Segmentation analysis
Technavio has segmented the functional food ingredients market based on product (probiotics and prebiotics, proteins and amino acid, dietary fibers, vitamins and minerals, and others), application (food and beverages, pharmaceuticals, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The report provides a comprehensive analysis on growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market.
- The probiotics and prebiotics segment will grow at the highest rate during the forecast period. The health benefits associated with the consumption of prebiotics and probiotics will drive the growth of this segment during the forecast period. For example, the consumption of prebiotics helps in reducing the risk of cancer and increasing the absorption of calcium and magnesium.
Key factor driving market growth
- The increasing demand for functional food ingredients from the probiotics segment is driving the global functional food ingredients market growth.
- The probiotics segment is gaining traction, as consumers prefer a balanced diet. Probiotics provide immunity, nutritional benefits, and vitamin K.
- The demand for probiotic products, such as yogurt, kefir, sauerkraut, tempeh, kimchi, some varieties of cheese, buttermilk, and fermented soybeans, is high.
- Thus, the increasing demand for probiotic products will propel the growth of the global functional food ingredients market significantly during the forecast period.
Leading trends influencing the market
- The growth of the packaged food and beverage industry is a key trend in the global functional food ingredients market.
- The rise in disposable income and changes in food habits of consumers have increased the demand for packaged food products, especially in North America and Europe.
- Natural functional food ingredients prevent packaged food products from becoming stale and enhance their foam structure and stability.
- Thus, the growth of the packaged food and beverage sector will support the growth of the market significantly during the forecast period.
Drivers and trends are the factors of market dynamics that state about consequences and sustainability of businesses. Find insights from a free sample report!
Competitive analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Buy the report
What are the key data covered in this functional food ingredients market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the functional food ingredients market between 2022 and 2026
- Precise estimation of the size of the functional food ingredients market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the functional food ingredients market across APAC, North America, Europe, Middle East and Africa, and South America
- Thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis 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 |
2022 |
Historical year |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.16% |
Market growth 2023-2027 |
USD 48.06 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.52 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 37% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, market positioning of vendors, competitive strategies, and industry risks |
Companies profiled |
Ajinomoto Co. Inc., AMCO Proteins, American International Chemical LLC, Arla Foods amba, Associated British Foods Plc, BASF SE, Beneo GmbH, Bio Botanica Inc., Cargill Inc., Chr Hansen Holding AS, Cooperatie Koninklijke Cosun UA, Diana Food SAS, Givaudan SA, Ingredion Inc., International Flavors & Fragrances, Kemin Industries Inc., Kerry Group Plc, Koninklijke DSM NV, Tate & Lyle Plc, and Archer Daniels Midland Co. |
Market Dynamics |
Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period |
Customization purview |
If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments. |
Browse for Technavio "materials market" research reports
Table of Content
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 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global functional food ingredients market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global functional food ingredients market 2017 - 2021 ($ billion)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
- 4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 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 2022-2027
- Exhibit 34: Chart on Probiotics and prebiotics - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Probiotics and prebiotics - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Probiotics and prebiotics - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Probiotics and prebiotics - Year-over-year growth 2022-2027 (%)
- 6.4 Proteins and amino acid - Market size and forecast 2022-2027
- Exhibit 38: Chart on Proteins and amino acid - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Proteins and amino acid - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Proteins and amino acid - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Proteins and amino acid - Year-over-year growth 2022-2027 (%)
- 6.5 Dietary fibers - Market size and forecast 2022-2027
- Exhibit 42: Chart on Dietary fibers - Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Data Table on Dietary fibers - Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Chart on Dietary fibers - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Dietary fibers - Year-over-year growth 2022-2027 (%)
- 6.6 Vitamins and minerals - Market size and forecast 2022-2027
- Exhibit 46: Chart on Vitamins and minerals - Market size and forecast 2022-2027 ($ billion)
- Exhibit 47: Data Table on Vitamins and minerals - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Chart on Vitamins and minerals - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Vitamins and minerals - Year-over-year growth 2022-2027 (%)
- 6.7 Others - Market size and forecast 2022-2027
- Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by Product
- Exhibit 54: Market opportunity by Product ($ billion)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 55: Chart on Application - Market share 2022-2027 (%)
- Exhibit 56: Data Table on Application - Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 57: Chart on Comparison by Application
- Exhibit 58: Data Table on Comparison by Application
- 7.3 Food and beverages - Market size and forecast 2022-2027
- Exhibit 59: Chart on Food and beverages - Market size and forecast 2022-2027 ($ billion)
- Exhibit 60: Data Table on Food and beverages - Market size and forecast 2022-2027 ($ billion)
- Exhibit 61: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)
- 7.4 Pharmaceuticals - Market size and forecast 2022-2027
- Exhibit 63: Chart on Pharmaceuticals - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Data Table on Pharmaceuticals - Market size and forecast 2022-2027 ($ billion)
- Exhibit 65: Chart on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
- 7.5 Others - Market size and forecast 2022-2027
- Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Application
- Exhibit 71: Market opportunity by Application ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 73: Chart on Market share by geography 2022-2027 (%)
- Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 75: Chart on Geographic comparison
- Exhibit 76: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 India - Market size and forecast 2022-2027
- Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 UK - Market size and forecast 2022-2027
- Exhibit 113: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 114: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 115: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 116: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 117: 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 118: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 120: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 121: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 122: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 123: Matrix on vendor position and classification
- 12.3 Ajinomoto Co. Inc.
- Exhibit 124: Ajinomoto Co. Inc. - Overview
- Exhibit 125: Ajinomoto Co. Inc. - Business segments
- Exhibit 126: Ajinomoto Co. Inc. - Key news
- Exhibit 127: Ajinomoto Co. Inc. - Key offerings
- Exhibit 128: Ajinomoto Co. Inc. - Segment focus
- 12.4 AMCO Proteins
- Exhibit 129: AMCO Proteins - Overview
- Exhibit 130: AMCO Proteins - Product / Service
- Exhibit 131: AMCO Proteins - Key offerings
- 12.5 American International Chemical LLC
- Exhibit 132: American International Chemical LLC - Overview
- Exhibit 133: American International Chemical LLC - Product / Service
- Exhibit 134: American International Chemical LLC - Key offerings
- 12.6 Archer Daniels Midland Co.
- Exhibit 135: Archer Daniels Midland Co. - Overview
- Exhibit 136: Archer Daniels Midland Co. - Business segments
- Exhibit 137: Archer Daniels Midland Co. - Key offerings
- Exhibit 138: Archer Daniels Midland Co. - Segment focus
- 12.7 Arla Foods amba
- Exhibit 139: Arla Foods amba - Overview
- Exhibit 140: Arla Foods amba - Business segments
- Exhibit 141: Arla Foods amba - Key offerings
- Exhibit 142: Arla Foods amba - Segment focus
- 12.8 Associated British Foods Plc
- Exhibit 143: Associated British Foods Plc - Overview
- Exhibit 144: Associated British Foods Plc - Business segments
- Exhibit 145: Associated British Foods Plc - Key offerings
- Exhibit 146: Associated British Foods Plc - Segment focus
- 12.9 BASF SE
- Exhibit 147: BASF SE - Overview
- Exhibit 148: BASF SE - Business segments
- Exhibit 149: BASF SE - Key news
- Exhibit 150: BASF SE - Key offerings
- Exhibit 151: BASF SE - Segment focus
- 12.10 Cargill Inc.
- Exhibit 152: Cargill Inc. - Overview
- Exhibit 153: Cargill Inc. - Product / Service
- Exhibit 154: Cargill Inc. - Key news
- Exhibit 155: Cargill Inc. - Key offerings
- 12.11 Chr Hansen Holding AS
- Exhibit 156: Chr Hansen Holding AS - Overview
- Exhibit 157: Chr Hansen Holding AS - Business segments
- Exhibit 158: Chr Hansen Holding AS - Key news
- Exhibit 159: Chr Hansen Holding AS - Key offerings
- Exhibit 160: Chr Hansen Holding AS - Segment focus
- 12.12 Givaudan SA
- Exhibit 161: Givaudan SA - Overview
- Exhibit 162: Givaudan SA - Business segments
- Exhibit 163: Givaudan SA - Key offerings
- Exhibit 164: Givaudan SA - Segment focus
- 12.13 Ingredion Inc.
- Exhibit 165: Ingredion Inc. - Overview
- Exhibit 166: Ingredion Inc. - Business segments
- Exhibit 167: Ingredion Inc. - Key news
- Exhibit 168: Ingredion Inc. - Key offerings
- Exhibit 169: Ingredion Inc. - Segment focus
- 12.14 International Flavors and Fragrances
- Exhibit 170: International Flavors and Fragrances - Overview
- Exhibit 171: International Flavors and Fragrances - Business segments
- Exhibit 172: International Flavors and Fragrances - Key news
- Exhibit 173: International Flavors and Fragrances - Key offerings
- Exhibit 174: International Flavors and Fragrances - Segment focus
- 12.15 Kemin Industries Inc.
- Exhibit 175: Kemin Industries Inc. - Overview
- Exhibit 176: Kemin Industries Inc. - Product / Service
- Exhibit 177: Kemin Industries Inc. - Key news
- Exhibit 178: Kemin Industries Inc. - Key offerings
- 12.16 Koninklijke DSM NV
- Exhibit 179: Koninklijke DSM NV - Overview
- Exhibit 180: Koninklijke DSM NV - Business segments
- Exhibit 181: Koninklijke DSM NV - Key news
- Exhibit 182: Koninklijke DSM NV - Key offerings
- Exhibit 183: Koninklijke DSM NV - Segment focus
- 12.17 Tate and Lyle Plc
- Exhibit 184: Tate and Lyle Plc - Overview
- Exhibit 185: Tate and Lyle Plc - Business segments
- Exhibit 186: Tate and Lyle Plc - Key news
- Exhibit 187: Tate and Lyle Plc - Key offerings
- Exhibit 188: Tate and Lyle Plc - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 189: Inclusions checklist
- Exhibit 190: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 191: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 192: Research methodology
- Exhibit 193: Validation techniques employed for market sizing
- Exhibit 194: Information sources
- 13.5 List of abbreviations
- Exhibit 195: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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