Functional Ingredients Market Upcoming Trends, Strategies Development and Forecast 2028

The Global Functional Ingredients Market size reached USD 67.94 Billion in 2020 and is expected to register a revenue CAGR of 6.3%, during the forecast period, according to latest analysis by Emergen Research. Some of the major factors driving global functional ingredients market revenue growth are rising demand for nutraceuticals for disease risk reduction and increasing demand for functional ingredients in personal care and pharmaceutical industries. Increasing demand for probiotics-based food and beverages is also expected to boost revenue growth of the market going ahead.

The Global Functional Ingredients market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research.

Rising demand for nutraceuticals for disease risk reduction is expected to augment market growth in the near future. Nutraceuticals are food-derived products that are taken in tablet, capsule, and liquid forms and offer physiological advantages. Nutraceuticals help maintain good health and reduce the risk of diseases. Increasing demand for functional ingredients in personal care and pharmaceutical industries is expected to boost market revenue growth going ahead.

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Leading Companies of the Functional Ingredients Industry and Profiled in the Report are:

Ingredion Incorporated, FMC Corporation, Archer Daniels Midland Company, Golden Grain Group Limited, Cargill Inc., Roquette Freres SA, Omega Protein Corporation, BASF SE, BENEO GmbH, and Zimitech, Inc. (Sugarlogix)

The global Functional Ingredients market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Functional Ingredients market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Functional Ingredients market.

Emergen Research has segmented the global functional ingredients on the basis of product, source, application, and region:

Product Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)

Probiotics
Maltodextrin
Polydextrose
Pectin
Modified Starch
Conjugated Linoleic Acid
Protein Hydrolysate
Rice Protein
Mung Bean Protein
Omega-3 (EPA, DHA, ALA)
Omega-6

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Source Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)

Natural
- Plant
- Animal
- Microbial
Synthetic

Application Outlook (Volume, Tons, Revenue, USD Billion; 2018–2028)

Pharmaceuticals
Food Beverages
Animal Feed
Personal Care
Others

Market Drivers:

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

Detailed Regional Analysis covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Points of Functional Ingredients Market:

Extensive coverage of the analysis of the Functional Ingredients market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Functional Ingredients market
Complete data about the key manufacturers and vendors in the Functional Ingredients market

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About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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