Published on : Oct 30, 2019
Different types of ingredients that include vitamins, prebiotic & dietary fiber, carotenoids, omega 3-fatty acids, minerals and probiotics are recognized as functional food ingredients. Manufacturers customize these ingredients for specific use and also provide certifications such as non-GMO, halal and Kosher.
Growth in demand in healthy beverages and nutritional bars in health conscious population has been observed across the globe generating global functional food ingredient market. Key players are leveraging the opportunity to gain greater penetration in market by launching ailment specific products such as diabetes-friendly, cognitive enhancement and digestion enhancement in wellness sector. Functional food ingredients are widely used in dairy, confectionary and bakery products, amongst which dairy products primarily contain prebiotic ingredients.
An intelligence report titled, “Functional Food Ingredients market – Global Industry Analysis, Size, Share, Growth, trends and Forecast, 2019 – 2029” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository
Innovation effects market growth
An array of factors that include rising demand of clean label products, changing regulations of food and beverages industry and consumer awareness drive functional food ingredients market. Functional food ingredients sale is projected to be more than 1900 thousand tons in 2019, with a growth at CAGR of ?7% for the forecast period 2019 – 2029.
Protein –rich food trends in customer segment whereas food with high carbs, sweeteners and fat content are avoided. Healthy snacks consumption is also on rise and protein as ingredient is preferred in developed regions that include North America, Japan and Europe. Product development with innovation and strict regulation influence market growth to great extent.
Some key stake holders profiled in global functional food ingredients market are The Archer Daniels Midland Company, Cargill, Inc., Kerry Group Plc, koninklijke DSM N.V., Fenchem Biotek Ltd., dairy Crest Group plc. and Tate & Lyle Plc.
Functional food ingredients market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Functional food ingredients market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Functional food ingredients market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on functional food ingredients market.
An insightful and deep-dive assessment of the competitive assessment of the Functional food ingredients market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Functional food ingredients market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Functional food ingredients market: Research Methodology
Primary sources and secondary sources propel intelligence report on Functional food ingredients market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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