Functional Food Ingredients Market by Type, Source, Health Benefits, Application

Description

List of Tables

[190 Pages Report] The Functional Food Ingredients Market size was estimated at USD 100.67 billion in 2023 and expected to reach USD 108.25 billion in 2024, at a CAGR 8.10% to reach USD 173.74 billion by 2030.

Global Functional Food Ingredients Market

KEY MARKET STATISTICS
Base Year [2023]	USD 100.67 billion
Estimated Year [2024]	USD 108.25 billion
Forecast Year [2030]	USD 173.74 billion
CAGR (%)	8.10%

Functional Food Ingredients Market - IMG1

Functional food ingredients are components typically added to foods to provide health benefits beyond basic nutrition. These ingredients target various health-related concerns, such as enhancing immune function, improving digestive health, reducing the risk of chronic disease, or providing additional energy. The utilization of functional food ingredients in conventional and fortified foods positively influences specific bodily functions or conditions and meets basic nutritional requirements. The rising awareness regarding balanced nutrition and diet in consumers' daily lives boosts the need for functional food ingredients. The growing preference for plant-based and organic foods worldwide also propels the demand for functional food ingredients. However, the difficulties associated with processing these ingredients are a significant concern for the key players operating in the global space. Companies frequently work towards research and development (R&D) activities to maintain their agility within the landscape. Moreover, the recent advancements in the taste profiles of functional food ingredients and ongoing government approvals for these ingredients have created future opportunities for manufacturers and suppliers.

Regional Insights

In America, countries including the United States and Canada, a growing trend for health and wellness products and the need for natural and organic ingredients in fortified food created a significant demand for functional food ingredients. At the same time, the research and development (R&D) activities by key companies in this region have also propelled the market of functional food ingredients. Similarly, Europe's stringent regulations governing the functional food ingredients market witnessed a strong interest in non-GMO, organic, and sustainably sourced ingredients. Meanwhile, the Middle East and Africa regions present a diverse landscape for functional food ingredients with varying levels of market maturity. In the wealthy Gulf states, there is an increasing demand for premium health products, including those containing functional ingredients. Moreover, in Asia and the Pacific region, countries including China, Japan, and India have exhibited rapid growth in demand for functional food ingredients, influenced by the aging population and rising income levels. Traditional Chinese medicinal ingredients that offer health benefits are increasingly used in functional foods in this country. China's focus on innovation has led to substantial investment in this sector and the implementation of favorable policies to support market growth.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Functional Food Ingredients Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Functional Food Ingredients Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Functional Food Ingredients Market, highlighting leading vendors and their innovative profiles. These include Aarkay Food Products Ltd., Ajinomoto Co., Inc., Akay Natural Ingredients Private Limited, Amway Corporation, Archer Daniels Midland Company, Arla Foods Group, Associated British Foods PLC, BASF SE, Beneo GmbH, Carbery Food Ingredients Limited, Cargill, Incorporated, Chr. Hansen Holding A/S, Corbion N.V., Evonik Industries AG, Ginkgo Bioworks Holdings, Inc., Glanbia PLC, ICL Group Ltd., Ingredion Incorporated, International Flavors & Fragrances Inc., Kao Corporation, Kemin Industries, Inc., KEMTIA by Productos Aditivos Group, Kerry Group PLC, Koninklijke DSM N.V., Lacto Japan Co., Ltd., Maypro Group, Nuritas Ltd., Paleo B.V., Pellagic Food Ingredients Pvt. Ltd., Sensient Technologies Corporation, Shiru, Inc., Tate & Lyle PLC, Teijin Limited, and The Every Company.

Market Segmentation & Coverage

This research report categorizes the Functional Food Ingredients Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Antioxidants
- Carotenoids
- Omega-3 Fatty Acids
- Prebiotics
- Probiotics
- Proteins & Peptides
- Vitamins & Minerals
Source
- Natural
- Synthetic
Health Benefits
- Bone Health
- Gut Health
- Heart Health
- Immunity
- Nutritive Health
- Weight Management
Application
- Bakery & Confectionery
- Beverages
- Dairy Products
- Dietary Supplements
- Infant Formula
- Meat & Meat Products
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Functional Food Ingredients Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Functional Food Ingredients Market?

3. What are the technology trends and regulatory frameworks in the Functional Food Ingredients Market?

4. What is the market share of the leading vendors in the Functional Food Ingredients Market?

5. Which modes and strategic moves are suitable for entering the Functional Food Ingredients Market?

Product Code: MRR-430D3EB72A61

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Functional Food Ingredients Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing awareness about the need to maintain balanced nutrition and diet
  - 5.1.1.2. Preference for plant-based and organic functional foods
  - 5.1.1.3. Rising availability of functional foods in restaurants and cafes
- 5.1.2. Restraints
  - 5.1.2.1. Low palatability and adverse product recalls of certain functional foods
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements to optimize taste profiles and production of functional food ingredients
  - 5.1.3.2. Ongoing government approvals and certifications for functional food ingredients
- 5.1.4. Challenges
  - 5.1.4.1. Difficulties in processing and production of functional food ingredients
5.2. Market Segmentation Analysis
- 5.2.1. Type: Availability of varied functional ingredients in preference to their characteristics in food & beverage applications
- 5.2.2. Source: Increasing uses of organic food ingredients offering better health outcomes and sustainability
- 5.2.3. Health Benefits: Growing preference towards Omega-3 fatty acids and vitamins in daily meals to cater to numerous health concerns
- 5.2.4. Application: Pertaining use of functional food ingredients in dairy products and dietary supplements promoting digestive health and boosting the immune system
5.3. Market Trend Analysis
- 5.3.1. Presence of well-established vendors characterized by technological advancement and stringent regulation prioritize functional food ingredient availability in Americas
- 5.3.2. Significantly growing landscape in APAC region backed by increased spending on preventive healthcare and rising demand of functional food products from old age population
- 5.3.3. Strong shift toward functional food consumption in EMEA backed by the presence of large-scale ingredient manufacturers with extensive product portfolios
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Functional Food Ingredients Market, by Type

6.1. Introduction
6.2. Antioxidants
6.3. Carotenoids
6.4. Omega-3 Fatty Acids
6.5. Prebiotics
6.6. Probiotics
6.7. Proteins & Peptides
6.8. Vitamins & Minerals

7. Functional Food Ingredients Market, by Source

7.1. Introduction
7.2. Natural
7.3. Synthetic

8. Functional Food Ingredients Market, by Health Benefits

8.1. Introduction
8.2. Bone Health
8.3. Gut Health
8.4. Heart Health
8.5. Immunity
8.6. Nutritive Health
8.7. Weight Management

9. Functional Food Ingredients Market, by Application

9.1. Introduction
9.2. Bakery & Confectionery
9.3. Beverages
9.4. Dairy Products
9.5. Dietary Supplements
9.6. Infant Formula
9.7. Meat & Meat Products

10. Americas Functional Food Ingredients Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Functional Food Ingredients Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Functional Food Ingredients Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
  - 13.3.1.1. ADM Adds to Flavors Portfolio with Deal for FDL
  - 13.3.1.2. Kerry to Acquire the Lactase Enzymes Business of Chr. Hansen and Novozymes
  - 13.3.1.3. SK Capital Announces the Acquisition of J&K Ingredients
- 13.3.2. Agreement, Collaboration, & Partnership
  - 13.3.2.1. Lactocore and Ingredia Collaborate on Innovative Functional Food Ingredients Relieving Mood Disorders in Humans and Animals
  - 13.3.2.2. Evonik Partners with Safic-Alcan to Boost Offering of Advanced Food Ingredients
  - 13.3.2.3. Cargill Partners with Food Tech Company for Ingredient Development
  - 13.3.2.4. Univar Solutions Expands Food Ingredients Portfolio Through Distribution Agreement with Leprino Foods Company
- 13.3.3. New Product Launch & Enhancement
  - 13.3.3.1. BASF Aroma Ingredients Expands its Isobionics Portfolio with New Natural Flavors
  - 13.3.3.2. Ingredion Launches First Functional Native, Clean Label Gelling Starch for Use in Dairy and Savory Applications
  - 13.3.3.3. Nuritas Creates Clinically Tested Anti-Aging Peptide Discovered by AI
  - 13.3.3.4. Shiru Commercializes Food Ingredient Based on AI-Powered Discovery Platform
  - 13.3.3.5. Kirin and Kellogg Partner to Launch Functional Food Product
- 13.3.4. Investment & Funding
  - 13.3.4.1. Ingredion Announces Strategic Investments Expanding into High-value Pharma Ingredients
  - 13.3.4.2. ICL Invests in Breakthrough Sustainable Protein Ingredients Startup Arkeon
- 13.3.5. Award, Recognition, & Expansion
  - 13.3.5.1. Corbion Announces Completion of its New Circular Lactic Acid Plant in Thailand

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. Aarkay Food Products Ltd.
- 14.1.2. Ajinomoto Co., Inc.
- 14.1.3. Akay Natural Ingredients Private Limited
- 14.1.4. Amway Corporation
- 14.1.5. Archer Daniels Midland Company
- 14.1.6. Arla Foods Group
- 14.1.7. Associated British Foods PLC
- 14.1.8. BASF SE
- 14.1.9. Beneo GmbH
- 14.1.10. Carbery Food Ingredients Limited
- 14.1.11. Cargill, Incorporated
- 14.1.12. Chr. Hansen Holding A/S
- 14.1.13. Corbion N.V.
- 14.1.14. Evonik Industries AG
- 14.1.15. Ginkgo Bioworks Holdings, Inc.
- 14.1.16. Glanbia PLC
- 14.1.17. ICL Group Ltd.
- 14.1.18. Ingredion Incorporated
- 14.1.19. International Flavors & Fragrances Inc.
- 14.1.20. Kao Corporation
- 14.1.21. Kemin Industries, Inc.
- 14.1.22. KEMTIA by Productos Aditivos Group
- 14.1.23. Kerry Group PLC
- 14.1.24. Koninklijke DSM N.V.
- 14.1.25. Lacto Japan Co., Ltd.
- 14.1.26. Maypro Group
- 14.1.27. Nuritas Ltd.
- 14.1.28. Paleo B.V.
- 14.1.29. Pellagic Food Ingredients Pvt. Ltd.
- 14.1.30. Sensient Technologies Corporation
- 14.1.31. Shiru, Inc.
- 14.1.32. Tate & Lyle PLC
- 14.1.33. Teijin Limited
- 14.1.34. The Every Company
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing