Global Functional Food Ingredient Market – Growth, Trends and Forecasts (2017 - 2022)
The global market for functional food ingredients was valued at USD 2.75 billion in 2015 and is estimated to reach USD XX billion by 2022 at a CAGR of 6% over 2017 to 2022 (the forecast period).
The report provides a detailed analysis of the global functional food ingredient market, which is segmented by type into - proteins & amino acids, vitamins, minerals, prebiotics, probiotics, hydrocolloids, essential oil, omega-3 & 6 fatty acids, and flavonoids & carotenoids. The market is segmented into confectionery, fortified dairy products, bakery and cereals, meat, fish & eggs, and others - based on application.
Functional food ingredients have multiple health benefits, and their end use include - sports, nutrition, weight management, immunity, digestive health, clinical nutrition, management of cardiovascular health-related problems, and others. Depending on the purpose for which functional food ingredients are used, they improve - gut health, heart health, bone health, immunity, weight management, etc.
The rising incidence of chronic diseases, is driving the consumers to shift toward healthier food options. Increasing consumer interest, and a better understanding of the immunity enhancing property of proper diet and food habits, are some of the key factors driving the growth of the global functional food ingredients market. Other forces driving the consumption of functional food ingredients in the global market include:
High number of intensive marketing campaigns,
Involvement of retail networks, which are the most effective points of sale,
Better customer attitude toward their well-being and health-consciousness, and
Symptoms of obesity and functional malnutrition.
Strict legislation imposed by governments across the globe prevents the expansion of the functional food ingredient market. In many countries, strict regulations are imposed on advertisements and labeling of products. Functional food ingredients are not easily available in supermarkets and grocery stores, and often tend to be expensive. Many consumers are unaware of how these products can be incorporated into their daily dietary intake. These factors, collectively, are obstructing the growth of the market.
However, functional food ingredient product sales have been and are expected to continue rising at a brisk rate. The high-rate of innovation in this field can lead to changes in the purpose of the product and re-position the product or, eventually, shift them from one target segment to another.
Browse Full Report with TOC: https://www.mordorintelligence.com/industry-reports/functional-food-ingredient-market
The report covers the will answer the following key factors:
The major manufacturers of global functional food market.
The types and applications of global functional food ingredients and the market share of each type and application.
The key market trends driving the growth of the global market for functional food ingredients.
Challenges that restrict the growth of the global functional food ingredients market.
The global functional food ingredients market opportunities and threats faced by the vendors in the global market.
Objective of Studies:
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global functional food ingredient market.
To provide insights about factors affecting the market growth. To analyze the global functional food ingredient market based on various factors like - price analysis, supply chain analysis, Porter’s five forces analysis etc.
To provide geographical revenues of the market segments and sub-segments with respect to regions - North America, Europe, Asia-Pacific, and Rest of the World.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and R&D in the global functional food ingredients market.
About Mordor Intelligence
Mordor Intelligence is a market intelligence and business advisory firm. The company operates in the business of industry analysis & consulting, in over 16 verticals. In today’s fast-paced and competitive business environment, every customer has unique information requirement. Having understood this, Mordor offers custom market intelligence and advisory services, along with syndicated reports, to help them gain an edge over the competition. The company has successfully catered to over 500 (40% of fortune 500) clients since 2013.
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