Functional Food Ingredients Market Trend, Share, Growth, Size and Forecast 2032

Functional Food Ingredients Market: Size

The global functional food ingredients market size was worth around USD 16.52 billion in 2023 and is predicted to grow to around USD 30.58 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.2% between 2024 and 2032.

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The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the functional food ingredients market on a global and regional level.

Functional Food Ingredients Market: Overview

Functional food ingredients are bioactive compounds added to food products to provide health benefits beyond basic nutrition. These ingredients can include vitamins, minerals, probiotics, prebiotics, antioxidants, fibers, proteins, and omega-3 fatty acids, among others. Functional food ingredients aim to improve health and well-being, support disease prevention, and enhance physical and mental performance. They are commonly found in products such as fortified cereals, dairy products, beverages, and dietary supplements, and are formulated to target specific health concerns like digestive health, heart health, immune support, and cognitive function.

The study includes drivers and restraints for the functional food ingredients market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and threats to functional food ingredients market on a global level. 

To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the functional food ingredients market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

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Functional Food Ingredients Market: Growth Factors

Growth factors for the functional food ingredients market include increasing consumer awareness of the link between diet and health, driving demand for foods that offer additional health benefits. The rising prevalence of chronic diseases and lifestyle-related health issues such as obesity, diabetes, and cardiovascular diseases encourages the adoption of functional foods as preventive measures. Advances in food technology and nutritional science enable the development of new and more effective functional ingredients. Additionally, the growing trend toward personalized nutrition, where consumers seek foods tailored to their specific health needs and preferences, supports market growth. Regulatory support and an expanding global middle class with higher disposable incomes also contribute to the increased consumption of functional food ingredients.

Functional Food Ingredients Market: Segmentation

The study provides a decisive view of the functional food ingredients market by segmenting the market based on type, source, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By type, the market is segmented into prebiotics, probiotics, proteins and amino acids, phytochemicals, and plant extracts, minerals, carotenoids, vitamins, omega-3 fatty acids, and fibers and specialty carbohydrates.

By source, the global functional food ingredients market is segmented into natural and synthetic. The natural segment is further segmented as plant, microbial, and animal.

By application, the functional food ingredients market is segmented into food and beverages. Food segment is further classified into bakery products, dairy products, confectionery products, meat and meat products, and infant food. Beverage segment is further classified into energy drinks, health drinks, and juices.

Functional Food Ingredients Market: Report Scope

Functional Food Ingredients Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further segmentation into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil. North America is likely to exhibit potential growth opportunities for functional food ingredients market and hold a major share over the forecast time period. The Asia Pacific functional food ingredients market is projected to hold a noticeable revenue share in the future, particularly the emerging economies of China and India. The growing acceptance of probiotic-based beverages and related food products is predicted to drive the functional food ingredients market in Latin America. Malnutrition and related health concerns among the African population and rise in the launch of innovative products is predicted to propel the growth of the functional food ingredients market in the Middle Eastern and African region.

Functional Food Ingredients Market: Competitive Analysis

Some major players of the global functional food ingredients market are:

• Cargill
• Archer Daniels Midland Company
• Koninklijke DSM N.V.
• Dow Du Pont
• BASF SE
• Arla Foods
• Royal Cosun
• Ingredion Incorporated
• Arla Foods
• Tate & Lyle
• Ajinomoto
• Kerry Group
• BENEO
• Chr. Hansen
• Kemin Industries
• Roquette Frères

This report segments the global functional food ingredients market into:

Global Functional Food Ingredients Market: Type Analysis

• Probiotics
• Proteins and Amino Acids
• Phytochemical and Plant Extracts
• Prebiotics
• Fibers and Specialty Carbohydrates
• Omega-3 Fatty Acids 
• Carotenoids 
• Vitamins 
• Minerals

Global Functional Food Ingredients Market: Source Analysis

• Natural
  • Animal
  • Microbial
  • Plant
• Synthetic

Global Functional Food Ingredients Market: Application Analysis

• Food
  • Dairy Products
  • Bakery Products
  • Confectionery Products
  • Meat and Meat Products 
  • Infant Food
• Beverages
  • Energy Drinks
  • Juices
  • Health Drinks

Global Functional Food Ingredients Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa