According to IMARC Group’s latest report, titled “Functional Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global functional ingredients market grew at a CAGR of around 6% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Functional ingredients refer to foods that are known to prevent nutritional deficiencies and assist in the overall growth and development of individuals. Commonly found in fruits, vegetables, grains and dairy products, their consumption offers numerous health and physiological benefits. These foods assist in regulating high blood cholesterol levels, improving brain functioning and maintaining postprandial blood glucose levels.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The global functional ingredients market is primarily driven by significant growth in the food and beverages sector. Moreover, functional ingredients are gaining widespread prominence in the pharmaceutical industry, wherein they are used to produce numerous drugs and dietary supplements. The increasing health consciousness among the masses and the rising awareness regarding the numerous benefits offered by the regular consumption of these products are creating a positive outlook for the market. Some of the other factors contributing to the market growth include the inflating incomes of the masses and extensive research and development (R&D) activities conducted by key players to introduce innovative product variants in the market.
Functional Ingredients Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the functional ingredients market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- NutriBiotic
- Omega Protein Corporation (Cooke Inc)
- Roquette Freres
- Tate & Lyle plc
- Chr. Hansen Holding A/S
- Arla Foods amba
- BASF SE
- Golden Grain Group Limited
- Ingredion Incorporated
- Koninklijke DSM N.V.
- Archer Daniels Midland Company
- Cargill Incorporated
Key Market Segmentation:
The report has segmented the global functional ingredients market on the basis of type, source, application and region.
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
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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