Functional Food Ingredients Market by Type (Probiotics, Prebiotics, Proteins & Amino Acids, Phytochemical & Plant Extracts, Omega-3 Fatty Acids, Carotenoids, Fibers & Specialty Carbohydrates), Application, Source & Region - Global Forecast to 2023

  • ID: 4592385
  • Report
  • Region: Global
  • 176 Pages
  • Markets and Markets
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The functional food ingredients market is estimated to be valued at USD 68.60 billion in 2018 and is projected to reach USD 94.21 billion by 2023, at a CAGR of 6.6%.

FEATURED COMPANIES

  • Ajinomoto
  • BASF SE
  • Cargill
  • Dowdupont
  • Kemin Industries
  • Koninklijke DSM N.V.
  • MORE

“The functional food ingredients market is projected to grow at a CAGR of 6.6%.”

The functional food ingredients market is estimated to be valued at USD 68.60 billion in 2018 and is projected to reach USD 94.21 billion by 2023, at a CAGR of 6.6%. Functional food ingredients play an important role in demonstrating specific physiological benefits, apart from the main nutritional benefits that are derived from food & beverages. The use of functional food ingredients in the manufacturing of functional food & beverage products is expected to provide nutritive health benefits, prevent/resist chronic diseases, or act as energy boosters. Functional food ingredients are used to enhance certain physiological functions such as improve gastrointestinal health, reduce cholesterol levels, prevent dental caries, and improve bone & gut health to prevent or cure various diseases. Regular consumption of functional food ingredients reduces the risk of several chronic diseases such as cardiovascular diseases, cancer, diabetes, high blood pressure, rickets, and osteoporosis. The growth in the functional food ingredients market is attributed to the growing health awareness among consumers, leading to an increase in the adoption of healthier diets. Food safety concerns and adherence to stringent international quality standards & regulations restrain the growth of the functional food ingredients market.

“Prebiotics projected to be the fastest-growing segment, by type, for functional food ingredients from 2018 to 2023.”

The prebiotics segment is projected to grow at the highest CAGR during the forecast period. Prebiotic ingredients improve the activity of good bacteria that are already present in the human or animal intestine. There are various prebiotic food products that claim to help manage weight, sharpen mental faculties, and improve infant health.

“The food segment is projected to be faster-growing for functional food ingredients from 2018 to 2023.”

The functional food ingredients market, by application, is estimated to be dominated by the food segment in 2018. It is also projected to be faster-growing through 2023. On a global level, the market for functional food is increasing as consumers prefer balanced diets and food that not only takes care of their appetite but also helps enhance their immunity. This, along with product innovations in terms of flavors and variant offerings, presents significant opportunities for the growth of applications in the functional food ingredients market. Factors that are further fueling consumer interest in functional foods are the rapid advances in science & technology, increase in health care costs, aging, and growth in interest in attaining wellness through diet.

“North America is set to lead the functional food ingredients market with the largest share in 2018.”

The North American market is estimated to be the largest in 2018. The market in the region is driven by increasing potential for the consumption of functional food ingredients and is expected to play an important role in the global market. This dominance is driven by the prevalence of chronic diseases due to hectic lifestyles and increasing awareness among consumers regarding the health benefits of functional foods. The functional food ingredient manufacturers focus on investing more in research programs with an aim to introduce new ingredients to address the diversified demands of potential customers in the region. The South American market is projected to grow at the highest CAGR from 2018 to 2023. The growth in demand for health & wellness products and increase in income levels in emerging countries, such as Brazil and Argentina, are the key factors that drive the functional food ingredients market growth in the region.

The breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study, is as follows:

  • By Company Type: Tier 1: 23%, Tier 2: 30%, and Tier 3: 47%
  • By Designation: C-level: 24%, D-level: 36%, and Others: 40%
  • By Region: North America: 20%, Europe: 30%, Asia Pacific: 45%, and RoW: 5%

The key functional food ingredient manufacturing players include the following:

  • Cargill (US)
  • Archer Daniels Midland Company (US)
  • Koninklijke DSM N.V. (Netherlands)
  • DowDuPont (US)
  • BASF SE (Germany)
  • Royal Cosun (Netherlands)
  • Ingredion Incorporated (US)
  • Arla Foods (Denmark)
  • Tate & Lyle (US)
  • Ajinomoto (Japan)
  • Kerry Group (Ireland)
  • BENEO (Germany)
  • Chr. Hansen (Denmark)
  • Kemin Industries (US)
  • Roquette Frères (France)

The key players in the functional food ingredients market adopted expansion & investments as their key growth strategy to expand and develop new innovative products to capture the market share and make profits. New product launches are the second-most important growth strategy to be adopted by market players.

Research Coverage

The report analyzes the functional food ingredients market across different types and regions. It aims at estimating the size and future growth potential of this market across different segments such as type, application, source, and region. The report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

Reasons to Buy This Report

  • To get a comprehensive overview of the global functional food ingredients market
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
  • To gain insights of the major countries/regions in which the functional food ingredients market is flourishing
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FEATURED COMPANIES

  • Ajinomoto
  • BASF SE
  • Cargill
  • Dowdupont
  • Kemin Industries
  • Koninklijke DSM N.V.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Functional Food Ingredients Market: Geographic Segmentation
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Functional Food Ingredients Market
4.2 Functional Food Ingredients Market, By Key Country
4.3 Europe: Functional Food Ingredients Market, By Type & Key Country
4.4 Functional Food Ingredients Market, By Application & Region
4.5 Functional Food Ingredients Market, By Source & Region

5 Market Overview
5.1 Introduction
5.2 Market Insights
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increase in Consumption of Nutritive Convenience Food and Fortified Food
5.3.1.2 Growth in Health Awareness Among Consumers Leading to an Increased Consumption of Healthier Diets
5.3.1.3 Growth in Incidences of Chronic Diseases
5.3.1.4 Growth in Need for Food Enrichment Due to High Processing Levels of Food Products
5.3.1.5 Research & Development and Expansion of Production Capacity to Enhance Applicability & Accelerate Growth
5.3.2 Restraints
5.3.2.1 Higher Cost for Functional Food Products Due to the Inclusion of Healthier Or Naturally Sourced Ingredients
5.3.3 Opportunities
5.3.3.1 Development of Different Techniques to Create High-Value Natural Carotenoids
5.3.3.2 Alternative Sources to Obtain Omega-3
5.3.4 Challenges
5.3.4.1 Complexities Related to the Integration and Adulteration of Functional Food Products
5.4 Value Chain

6 Functional Food Ingredients Market, By Type
6.1 Introduction
6.2 Probiotics
6.3 Proteins & Amino Acids
6.4 Phytochemical & Plant Extracts
6.5 Prebiotics
6.6 Fibers & Specialty Carbohydrates
6.7 Omega-3 Fatty Acids
6.8 Carotenoids
6.9 Vitamins
6.1 Minerals
6.10.1 Macro Minerals
6.10.2 Micro Minerals

7 Functional Food Ingredients Market, By Source
7.1 Introduction
7.2 Natural Source
7.2.1 Animal
7.2.1.1 Protein
7.2.1.2 Omega-3 Fatty Acids
7.2.2 Microbial
7.2.2.1 Probiotics
7.2.2.2 Carotenoids
7.2.3 Plant
7.2.3.1 Prebiotics
7.2.3.2 Protein
7.2.3.3 Amino Acids
7.2.3.4 Omega-3 Fatty Acids
7.2.3.5 Phytochemicals
7.2.3.6 Fiber
7.2.3.7 Vitamins
7.2.3.8 Carotenoids
7.3 Synthetic Source
7.3.1 Vitamins
7.3.2 Phytochemicals
7.3.3 Amino Acids
7.3.4 Carotenoids

8 Functional Food Ingredients Market, By Application
8.1 Introduction
8.2 Food
8.2.1 Infant Food
8.2.2 Dairy Products
8.2.3 Bakery Products
8.2.4 Confectionery Products
8.2.5 Snacks
8.2.6 Meat & Meat Products
8.2.7 Others
8.3 Beverages
8.3.1 Energy Drinks
8.3.2 Juices
8.3.3 Health Drinks

9 Functional Food Ingredients Market, By Health Benefit
9.1 Introduction
9.2 Gut Health
9.3 Heart Health
9.4 Bone Health
9.5 Immunity
9.6 Nutritive Health
9.7 Weight Management

10 Functional Food Ingredients Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 France
10.3.3 Germany
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Australia
10.4.5 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South America
10.6 Rest of the World (RoW)
10.6.1 Middle East
10.6.2 Africa

11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.3 Market Ranking Analysis
11.4 Acquisitions
11.5 Expansions & Investments
11.6 New Product Launches
11.7 Agreements, Partnerships, and Joint Ventures

12 Company Profiles
12.1 Cargill
12.2 BASF SE
12.3 Dowdupont
12.4 Archer Daniels Midland Company
12.5 Arla Foods
12.6 Kerry Group
12.7 Ajinomoto
12.8 Koninklijke DSM N.V.
12.9 Ingredion Incorporated
12.10 Tate & Lyle
12.11 Roquette Frères
12.12 CHR. Hansen
12.13 Kemin Industries
12.14 Beneo
12.15 Royal Cosun

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables
Table 1 US Dollar Exchange Rate Considered for the Study, 2013–2017
Table 2 Functional Food Ingredients Market Snapshot, 2018 vs 2023
Table 3 Processed Food Consumption Statistics
Table 4 Upcoming Alternative Sources for Omega-3 Fatty Acids
Table 5 Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 6 Probiotic Components & Their Benefits
Table 7 Probiotics in Functional Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 8 Recommended Dietary Allowances (RDA) for Proteins in Different Age Groups
Table 9 Functions of Protein
Table 10 Proteins & Amino Acids Market Size, By Region, 2016–2023 (USD Million)
Table 11 Phytochemical & Plant Extracts Market Size, By Region, 2016–2023 (USD Million)
Table 12 Prebiotics Market Size, By Region, 2016–2023 (USD Million)
Table 13 Prebiotic Components & Their Benefits
Table 14 Prebiotics Market Size, By Type, 2016–2023 (USD Million)
Table 15 Fibers & Specialty Carbohydrates Market Size, By Region, 2016–2023 (USD Million)
Table 16 Omega-3 Fatty Acids Market Size, By Region, 2016–2023 (USD Million)
Table 17 Common Dietary Sources of Carotenoids in Vegetable Foods (?g/100 Fresh Weight)
Table 18 Carotenoids: Market Size, By Region, 2016–2023 (USD Million)
Table 19 Carotenoids Market Size, By Type, 2016–2023 (USD Million)
Table 20 Vitamins Classified as Micronutrients
Table 21 Fat-Soluble & Water-Soluble Vitamins
Table 22 Vitamins Market Size, By Region, 2016–2023 (USD Million)
Table 23 Macro Minerals & Their Functions
Table 24 Micro Minerals & Their Functions
Table 25 Minerals Market Size, By Region, 2016–2023 (USD Million)
Table 26 Functional Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 27 Natural Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 28 Natural Functional Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 29 Synthetic Functional Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 30 Functional Food Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 31 Functional Food Ingredients Market Size in Food, By Subapplication, 2016–2023 (USD Million)
Table 32 Functional Food Ingredients Market Size in Food, By Region, 2016–2023 (USD Million)
Table 33 Functional Food Ingredients Market Size in Beverages, By Subapplication, 2016–2023 (USD Million)
Table 34 Functional Food Ingredients Market Size in Beverages, By Region, 2016–2023 (USD Million)
Table 35 Bone-Building Nutrients & Their Therapeutic Range
Table 36 Functional Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 37 North America: Functional Food Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 38 North America: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 39 North America: Functional Food Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 40 North America: Functional Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 41 US: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 42 Canada: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 43 Mexico: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 44 Europe: Functional Food Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 45 Europe: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 46 Europe: Functional Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 47 Europe: Functional Food Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 48 UK: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 49 France: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 50 Germany: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 51 Italy: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 52 Spain: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 53 Russia: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 54 Rest of Europe: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 55 Asia Pacific: Functional Food Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 56 Asia Pacific: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 57 Asia Pacific: Functional Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 58 Asia Pacific: Functional Food Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 59 China: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 60 Japan: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 61 India: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million))
Table 62 Australia: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 63 Rest of Asia Pacific: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 64 South America: Functional Food Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 65 South America: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 66 South America: Functional Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 67 South America: Functional Food Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 68 Brazil: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 69 Argentina: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 70 Rest of South America: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 71 RoW: Functional Food Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 72 RoW: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 73 RoW: Functional Food Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 74 RoW: Functional Food Ingredients Market Size, By Source, 2016–2023 (USD Million)
Table 75 Middle East: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 76 Africa: Functional Food Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 77 Acquisitions, 2013–2018
Table 78 Expansions & Investments, 2013–2018
Table 79 New Product Launches, 2013–2018
Table 80 Agreements, Partnerships, and Joint Ventures, 2013–2018

List of Figures
Figure 1 Functional Food Ingredients Market Snapshot
Figure 2 Functional Food Ingredients Market, By Region
Figure 3 Functional Food Ingredients Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Research Assumptions
Figure 8 Research Limitations
Figure 9 Functional Food Ingredients Market Size, By Type, 2018 vs 2023 (USD Million)
Figure 10 Functional Food Ingredients Market Size, By Source, 2018 vs 2023 (USD Million)
Figure 11 Functional Food Ingredients Market Size, By Application, 2018 vs 2023 (USD Million)
Figure 12 Functional Food Ingredients Market Share (Value), By Region, 2017
Figure 13 Growing Health Awareness Among Consumers to Drive the Demand for Functional Food Ingredients
Figure 14 Brazil & India are Projected to Be the Fastest-Growing Markets for Functional Food Ingredients Between 2018 and 2023
Figure 15 Probiotics Accounted for the Largest Share of the European Functional Food Ingredients Market in 2017
Figure 16 North America to Dominate the Functional Food Ingredients Market Across All Applications Through 2023, in Terms of Value
Figure 17 Natural Source to Be the Fastest-Growing During the Forecast Period
Figure 18 Market Dynamics: Functional Food Ingredients Market
Figure 19 Consumers’ Perception of Specific Nutrients’ Adequacy in Diets, 2013
Figure 20 Chronic Diseases Were Among the Top 10 Causes of Death Worldwide Amongst All Ages, in 2015
Figure 21 Functional Food Ingredients Market: Value Chain
Figure 22 Probiotics Segment to Dominate the Functional Food Ingredients Market
Figure 23 North America to Dominate the Prebiotics Market From 2018 to 2023
Figure 24 Classification of Carotenoids
Figure 25 Functional Food Ingredients Market Share (Value), By Source, 2018 vs 2023
Figure 26 Functional Food Ingredients Market Share (Value), By Application, 2018 vs 2023
Figure 27 Regional Snapshot: US Held the Largest Share of the Functional Food Ingredients Market, 2017
Figure 28 North America: Market Snapshot
Figure 29 South America: Functional Food Ingredients Market Snapshot
Figure 30 Key Strategies Adopted By Leading Players in the Functional Food Ingredients Market, 2013–2018
Figure 31 Number of Developments Between 2013 and 2017
Figure 32 Ranking of Key Players in the Functional Food Ingredients Market
Figure 33 Cargill: Company Snapshot
Figure 34 BASF SE: Company Snapshot
Figure 35 Dowdupont: Company Snapshot
Figure 36 Archer Daniels Midland Company: Company Snapshot
Figure 37 Arla Foods: Company Snapshot
Figure 38 Kerry Group: Company Snapshot
Figure 39 Ajinomoto: Company Snapshot
Figure 40 Koninklijke DSM N.V.: Company Snapshot
Figure 41 Ingredion Incorporated: Company Snapshot
Figure 42 Tate & Lyle: Company Snapshot
Figure 43 Roquette Frères: Company Snapshot
Figure 44 CHR. Hansen: Company Snapshot
Figure 45 Royal Cosun: Company Snapshot

Note: Product cover images may vary from those shown
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  • Cargill
  • BASF SE
  • Dowdupont
  • Archer Daniels Midland Company
  • Arla Foods
  • Kerry Group
  • Ajinomoto
  • Koninklijke DSM N.V.
  • Ingredion Incorporated
  • Tate & Lyle
  • Roquette Frères
  • CHR. Hansen
  • Kemin Industries
  • Beneo
  • Royal Cosun
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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