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Functional Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 144 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5901541
Description Jump to:
The global functional ingredients market size reached US$ 92.6 Billion in 2022. Looking forward, the publisher 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:

The publisher 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 Frères 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?

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
9.2 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
9.3 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
9.4 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
9.5 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 Frères
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
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

Companies Mentioned

  • 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 Frères and Tate & Lyle plc

Methodology

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Table Information

Report AttributeDetails
No. of Pages144
PublishedNovember 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 92.6 Billion
Forecasted Market Value ( USD ) by 2028 $ 138.2 Billion
Compound Annual Growth Rate6.9%
Regions CoveredGlobal
No. of Companies Mentioned11

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