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Functional Food Ingredients Market worth $137.1 billion by 2026

by Mit K. SEO

The global functional food ingredients market is projected to reach USD 137.1 billion by 2026, from USD 98.9 billion in 2021, at a CAGR of 6.8% during the forecast period. Functional food ingredients are used to enhance certain physiological functions such as improve gastrointestinal health, reduce cholesterol levels, prevent dental caries, and improve bone & and gut health to prevent or cure various diseases. Regular consumption of functional food ingredients reduces the risk of several chronic diseases such as cardiovascular diseases, cancer, diabetes, high blood pressure, rickets, and osteoporosis.

The growing awareness about the health benefits of carotenoids such as beta-carotene, lutein, and zeaxanthin, the demand for carotenoids is expected to increase in the coming years

Carotenoids are protective nutrients and are naturally occurring pigments present in most plants. They are mainly found in plants, algae, and photosynthetic bacteria; however, humans and animals have to rely on food as a source of these compounds. Some flavonoids include quercetin, kaempferol, catechins, and anthocyanidins. Flavonoids are known for their antioxidant and anti-inflammatory health benefits as well as their role in the strengthening of cardiovascular and nervous systems. Carotenoids are a widely distributed group of naturally occurring pigments synthesized by plants, algae, and photosynthetic bacteria. They are extensively used as safe, natural colorants for food, feed, and cosmetics. They are known to be essential for plant growth and photosynthesis and are a main dietary source of vitamin A in humans. They reduce the risk of several chronic health disorders, heart disease, and eye degeneration.

Plant source is projected to be the fastest-growing segment in the natural source segment from 2021 to 2026

Prebiotics, proteins, omega-3 fatty acids, minerals, fibers, phytochemicals, and plant extracts are the major types of functional food ingredients derived from plant sources. Plant-based proteins are a major source of protein for vegetarians and vegans. Their high nutritional profile, low carbon footprint, and low price are driving their consumption. Soy, corn, pulses, millet, sorghum, sunflower seeds, wheat, groundnuts, barley, and beans are some of the major plant-based sources that are rich in amino acid content. The growing inclination of consumers toward natural and plant-based products has been fueling the demand for plant-based food amino acids over the last few years. Phytochemicals are also derived from plant sources such as fruits & vegetables, nuts & seeds, and spices & herbs, among others.

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The energy drinks segment in the beverages application is projected to grow at the highest CAGR during the forecast period

Functional food ingredients such as vitamins, minerals, and proteins are used in energy drinks. Many energy drinks have been developed by companies to provide specific medical or health benefits, such as promoting heart health, improving immunity, and helping to boost energy. With the broadening range of functional applications being sought by consumers, suppliers are looking to utilize new ingredients that better meet the functional goals of consumers. In the sports drink field, suppliers are expanding their choice of ingredients to enhance sports nutrition benefits. Drinks with creatines and branch-chained amino acids are growing in popularity.

China dominated the Asia Pacific market for functional food ingredients with a share of about 32.9% in 2020

China is one of the most robustly growing markets in Asia Pacific. The demand for functional food ingredients in China is increasing due to the changing lifestyles of consumers and preference for fortified food & beverage products. The increasing purchasing power of consumers due to the economic development in China has also led to an increase in the demand for high-quality processed foods. Additionally, consumer awareness about the health benefits of functional foods, due to the increased consumption of convenience products is also expected to drive the demand for functional food & beverage products in the country.

Key players in this market include Cargill, Incorporated (US), BASF SE (Germany), Archer Daniels Midland Company (US), DuPont (US), Arla Foods (Denmark), Kerry Group (Ireland), Ajinomoto Co., Inc. (Japan), Koninklijke DSM N.V. (Netherlands), Ingredion Incorporated (US), and Tate & Lyle PLC (UK). Some of the other players include Chr. Hansen Holding A/S (Denmark), Kemin Industries, Inc. (US), BENEO (Germany), Royal Cosun (Netherland), Roquette Frères (France), Soylent (US), A&B Ingredients (US), Golden Grain Group Limited (China), Sugarlogix (US), and Stratum Nutrition (US).


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About Mit K. Committed   SEO

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Joined APSense since, August 8th, 2019, From Northbrook, United States.

Created on Sep 16th 2021 06:51. Viewed 232 times.

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