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PUBLISHER: IMARC | PRODUCT CODE: 1378946
PUBLISHER: IMARC | PRODUCT CODE: 1378946
Functional Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 144 Pages
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Abstract
The global functional ingredients market size reached US$ 92.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 138.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2022-2028.
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.
Key Market Segmentation:
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 2023-2028. Our report has categorized the market based on type, source and application.
Breakup by Type:
Probiotics
Proteins and Amino Acids
Omega-3 and Omega-6 Fatty Acids
Vitamin and Minerals
Prebiotics
Botanical Extracts
Others
Breakup by Source:
Natural
Synthetic
Breakup by Application:
Food and Beverages
Personal Care
Pharmaceuticals
Animal Feed
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
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 Freres and Tate & Lyle plc.
Key Questions Answered in This Report:
- How has the global functional ingredients market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global functional ingredients market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global functional ingredients market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A3489
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Functional Ingredients Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Probiotics
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Proteins and Amino Acids
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Omega-3 and Omega-6 Fatty Acids
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Vitamin and Minerals
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Prebiotics
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Botanical Extracts
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by Source
- 7.1 Natural
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Synthetic
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Food and Beverages
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Personal Care
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Pharmaceuticals
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Animal Feed
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Archer Daniels Midland Company
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Arla Foods amba
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 BASF SE
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Cargill Incorporated
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 SWOT Analysis
- 14.3.5 Chr. Hansen Holding A/S
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Golden Grain Group Limited
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Ingredion Incorporated
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Koninklijke DSM N.V.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 NutriBiotic
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Omega Protein Corporation (Cooke Inc)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Roquette Freres
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Tate & Lyle plc
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 Archer Daniels Midland Company
Product Code: SR112023A3489
List of Figures
- Figure 1: Global: Functional Ingredients Market: Major Drivers and Challenges
- Figure 2: Global: Functional Ingredients Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Functional Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Functional Ingredients Market: Breakup by Type (in %), 2022
- Figure 5: Global: Functional Ingredients Market: Breakup by Source (in %), 2022
- Figure 6: Global: Functional Ingredients Market: Breakup by Application (in %), 2022
- Figure 7: Global: Functional Ingredients Market: Breakup by Region (in %), 2022
- Figure 8: Global: Functional Ingredients (Probiotics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Functional Ingredients (Probiotics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Functional Ingredients (Proteins and Amino Acids) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Functional Ingredients (Proteins and Amino Acids) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Functional Ingredients (Omega-3 and Omega-6 Fatty Acids) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Functional Ingredients (Omega-3 and Omega-6 Fatty Acids) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Functional Ingredients (Vitamin and Minerals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Functional Ingredients (Vitamin and Minerals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Functional Ingredients (Prebiotics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Functional Ingredients (Prebiotics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Functional Ingredients (Botanical Extracts) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Functional Ingredients (Botanical Extracts) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Functional Ingredients (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Functional Ingredients (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Functional Ingredients (Natural) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Functional Ingredients (Natural) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Functional Ingredients (Synthetic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Functional Ingredients (Synthetic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Functional Ingredients (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Functional Ingredients (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Functional Ingredients (Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Functional Ingredients (Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Functional Ingredients (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Functional Ingredients (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Functional Ingredients (Animal Feed) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Functional Ingredients (Animal Feed) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Functional Ingredients (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Functional Ingredients (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: North America: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: North America: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: United States: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: United States: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Canada: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Canada: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Asia-Pacific: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Asia-Pacific: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: China: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: China: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Japan: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Japan: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: India: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: India: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: South Korea: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: South Korea: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Australia: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Australia: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Indonesia: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Indonesia: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Europe: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Europe: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Germany: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Germany: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: France: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: France: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: United Kingdom: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: United Kingdom: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Italy: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Italy: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Spain: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Spain: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Russia: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Russia: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Latin America: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Latin America: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Brazil: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Brazil: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Mexico: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Mexico: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Middle East and Africa: Functional Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Middle East and Africa: Functional Ingredients Market: Breakup by Country (in %), 2022
- Figure 84: Middle East and Africa: Functional Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Global: Functional Ingredients Industry: SWOT Analysis
- Figure 86: Global: Functional Ingredients Industry: Value Chain Analysis
- Figure 87: Global: Functional Ingredients Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Functional Ingredients Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Functional Ingredients Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Functional Ingredients Market Forecast: Breakup by Source (in Million US$), 2023-2028
- Table 4: Global: Functional Ingredients Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Functional Ingredients Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Functional Ingredients Market: Competitive Structure
- Table 7: Global: Functional Ingredients Market: Key Players
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