DUBLIN--(BUSINESS WIRE)--The "Functional Food Ingredients Market by Type (Probiotics, Prebiotics, Proteins & Amino Acids, Phytochemical & Plant Extracts, Omega-3 Fatty Acids, Carotenoids, Fibers & Specialty Carbohydrates), Application, Source & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The functional food ingredients market is estimated to be valued at USD 68.6 billion in 2018 and is projected to reach USD 94.21 billion by 2023, at a CAGR of 6.6%.
The growth in the functional food ingredients market is attributed to the growing health awareness among consumers, leading to an increase in the adoption of healthier diets. Food safety concerns and adherence to stringent international quality standards & regulations restrain the growth of the functional food ingredients market.
The prebiotics segment is projected to grow at the highest CAGR during the forecast period. Prebiotic ingredients improve the activity of good bacteria that are already present in the human or animal intestine. There are various prebiotic food products that claim to help manage weight, sharpen mental faculties, and improve infant health.
The functional food ingredients market, by application, is estimated to be dominated by the food segment in 2018. It is also projected to be faster-growing through 2023.
On a global level, the market for functional food is increasing as consumers prefer balanced diets and food that not only takes care of their appetite but also helps enhance their immunity. This, along with product innovations in terms of flavors and variant offerings, presents significant opportunities for the growth of applications in the functional food ingredients market.
Factors that are further fueling consumer interest in functional foods are the rapid advances in science & technology, increase in health care costs, aging, and growth in interest in attaining wellness through diet.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Functional Food Ingredients Market, By Type
7 Functional Food Ingredients Market, By Source
8 Functional Food Ingredients Market, By Application
9 Functional Food Ingredients Market, By Health Benefit
10 Functional Food Ingredients Market, By Region
11 Competitive Landscape
12 Company Profiles
- BASF SE
- Archer Daniels Midland Company
- Arla Foods
- Kerry Group
- Koninklijke DSM N.V.
- Ingredion Incorporated
- Tate & Lyle
- Roquette Frres
- CHR. Hansen
- Kemin Industries
- Royal Cosun
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