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Dublin, August 23, 2022 (GLOBE NEWSWIRE) — The report “Functional Food Ingredients Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2022 to 2030” has been added to ResearchAndMarkets.com offering.
The global market for functional food ingredients is expected to grow at a CAGR of 8.5%. Technological advancement in the food and beverage sector has led to healthy growth in this sector. Functional foods and beverages are those that provide an additional health benefit to the consumer beyond basic nutrition.
There is a growing demand for functional foods all over the world. Lifestyle change, rising income levels and adoption of healthy consumption are the key drivers of the functional food ingredients market. Functional food inhibits disease prevention and health enhancing properties which, in turn, provides them with a wide range of applications. Rising health awareness among people all over the world tends to be the key driver in the market. The key applications of functional foods are food and beverages, personal care, pharmaceuticals, animal feed. The functional food market is expected to grow in the future as there is a trend towards organic products.
Increased consumption of nutritious foods drives the market
There is a huge increase in the consumption of nutritious food products to ensure good health. Natural and organic foods are largely dominated by the market. The increase in demand has increased since the last decades, diet food has also attracted healthy consumers in various regions. Weight loss or weight management is a health benefit that consumers are interested in getting from food. About one-third of Americans cited increased energy, cardiovascular health, healthy aging, or digestive health through the use of functional foods. In 2021, global launches of functional foods grew by 7.7%. The pandemic has increased social awareness about the healthy consumption of food and beverages.
The change in lifestyle now includes the consumption of healthy foods ensuring weight control, a fresh mood and a sufficient amount of protein intake. One of the largest functional categories that we expect food and beverages to incorporate more of in 2021 are those that focus on mental health and mood-altering ingredients. We also expect a repositioning around foods and beverages that are not always considered healthy, for example, running beers, hard sodas, and fermented foods that provide probiotic benefits.
High cost restricting market growth
The development of functional foods is complex, expensive and uncertain. However, the research and innovation departments of companies make various efforts to ensure profitable production. The technology used and the high demand for functional foods are key factors driving the market. There is continuous investment in research and development to improve the market. Consumer needs have an increase in demand in recent years. The market is expected to grow if there is success in profitable methods. Instead of high cost, there is high demand, which will drive the market for low-cost products.
Key Topics Covered:
1. Preface
2. Executive Summary
3. Functional Food Ingredients Market – Business Outlook and Market Dynamics
4. Functional Food Ingredients Market – By Type, 2020-2030, USD (millions)
5. Functional Food Ingredients Market – By Benefits, 2020-2030, USD (millions)
6. Functional Food Ingredients Market: By Application, 2020-2030, USD (Millions)
7. North America Functional Food Ingredients Market, 2020-2030, USD (millions)
8. UK and European Union Functional Food Ingredients Market, 2020-2030, USD (millions)
9. Asia Pacific Functional Food Ingredients Market, 2020-2030, USD (millions)
10. Latin America functional food ingredients market, 2020-2030, USD (millions)
11. Middle East and Africa Functional Food Ingredients Market, 2020-2030, USD (millions)
12. Company Profile
Companies mentioned
du pont de nemours
incorporated cargill
BASF SE
Royal Ingredients Group
Kerry Group
Tate and Lyle
Arla Foods
Ajinomoto
Koninklijke DSM NV
RoquetteFreres
Kemin Industries
For more information on this report, please visit https://www.researchandmarkets.com/r/m81z4
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Source: finance.yahoo.com