Functional Food Ingredients Market 2019 Segmentation, Growth by Regional Forecast to 2026
Rise in Consumption of Healthy and Fortified Food to Drive The Growth Of Functional Food Ingredients market
Fortified food items is one of the fast-growing, health-driven, and wellness food & beverage categories globally, followed by organically and naturally prepared food items. The rise in consumption of functional foods and beverages with altering consumer behavior is predicted to drive the functional food ingredients market in the forthcoming year.
Moreover, the rising demand from the persistently expanding end-use industries such as bakery, confectionery, dairy, baby food and meat products, is expected to promote market growth. The improvement in food standards has resulted in extensive R&D operations related to bioactive ingredients. The rising production capacity of companies operating in this market will also aid in its expansion.
Public health initiatives have strengthened and hence fueled the Global Functional Food Ingredients Market says, Fortune Business Insights in a report titled “Functional Food Ingredients Market Size, Share and Global Trend By Type (Vitamins, Minerals, Prebiotics, Probiotics, Hydrocolloids, Essential Oils, Omega Fatty Acids, Carotenoids), Purpose (Weight Management, Digestive Health, Cardio Health), Application (Beverages, Bakery, Dairy, Snacks) and Geography Forecast till 2026”.
The development and commercial aspects of functional food ingredients are predicted to boost the global market
- Essential Oils
- Omega Fatty Acids
- Weight Management
- Digestive Health
- Cardio Health
- North America (U.S., Canada, and Mexico)
- Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East & Africa (South Africa and Rest of ME&A)
North America to Witness High Demand for Functional Food Ingredients
According to the report, North America is expected to be at the forefront, leading the global functional food and ingredients market. The rising prevalence of lifestyle disorders and the subsequently rising demand for value added nutritional products precisely for the gym-goers and sports enthusiast are likely to boost the functional food and ingredients market in the upcoming years.
Some of the key companies that are present in the global functional food ingredients market are Cargill, BASF SE, Archer Daniels Midland Company, Kerry Group, Ingredion Incorporated, Beneo, and Global Specialty Ingredients (GSI). Capacity expansion and consequent increase in the product portfolio remains one of the preferred strategies of companies operating in the global functional food ingredients market.
The rapid urbanization in the Asia Pacific region is steering change in the lifestyle and dietary patterns of the consumers. The fast life schedule is prompting consumers to seek packaged foods with added nutritional and physiological benefits that are primarily derived from functional food ingredients. This is one of the key factors aiding the market’s expansion in Asia Pacific.