The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global functional ingredients market size reached US$ 86.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 132.8 Billion by 2027, exhibiting a growth rate (CAGR) of 7.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Functional ingredients are bioactive compounds used for delivering various health benefits. They include nutritionally fortified components that are added to food and beverages to improve energy levels, digestion, concentration, memory and vision. Some of the commonly used functional ingredients include proteins, vitamins, probiotics, prebiotics, omega-3 and hydrocolloids. They are added to milk, bread, pasta, cereal, granola, cheeses, yoghurt, tea and coffee. These ingredients also aid in preventing nutritional deficiencies, promote optimum growth in children and adults and minimize the risks of developing diseases.
The growing food and beverage industry across the globe represents one of the key factors creating a positive outlook for the market. Furthermore, increasing health consciousness among the masses, along with the widespread adoption of functional food products, is also driving the market growth. Due to the sedentary lifestyles and hectic schedules, there is an increasing prevalence of various medical ailments. This has led to a growing preference for food products fortified with functional ingredients to obtain a nutrient-rich diet. Additionally, aggressive promotional activities of these products by various food and beverage manufacturers through social media platforms to reach a wider consumer base are acting as another growth-inducing factor. They are also collaborating with celebrities and sports personalities to create more awareness among the consumers, especially millennials. Other factors, including rising healthcare expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global functional ingredients market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, source and application.
Breakup by Type:
Breakup by Source:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer Daniels Midland Company, Arla Foods amba, BASF SE, Cargill Incorporated, Chr. Hansen Holding A/S, Golden Grain Group Limited, Ingredion Incorporated, Koninklijke DSM N.V., NutriBiotic, Omega Protein Corporation (Cooke Inc), Roquette Frères and Tate & Lyle plc.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Source, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Archer Daniels Midland Company, Arla Foods amba, BASF SE, Cargill Incorporated, Chr. Hansen Holding A/S, Golden Grain Group Limited, Ingredion Incorporated, Koninklijke DSM N.V., NutriBiotic, Omega Protein Corporation (Cooke Inc), Roquette Frères and Tate & Lyle plc|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at