Functional Food Ingredients Market 2020-2024: Post-Pandemic Industry Planning Structure | Technavio

Shape Strategic Responses through the Phases of Industry Recovery

Archer Daniels Midland Co., BASF SE, and Cargill Inc. will Emerge as Major Functional Food Ingredients Market Participants during 2020-2024

Technavio has announced its latest market research report titled Global Functional Food Ingredients Market 2020-2024 (Graphic: Business Wire).

LONDON--()--The functional food ingredients market is expected to grow by USD 27.52 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the functional food ingredients market in optimistic, probable, and pessimistic forecast scenarios.

Enterprises will go through Response, Recovery and Renew phases. Download a Free Sample Report on COVID-19

The functional food ingredients market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Related Report on Materials Industries:

Functional Foods and Beverages Market by Product and Geography - Forecast and Analysis 2020-2024: The functional foods and beverages market size will increase by USD 276.68 billion during 2020-2024. The market’s growth momentum will accelerate during the forecast period because of the increase in year-over-year growth. To get extensive research insights: Click and Get FREE Sample Report in Minutes!

Functional Flours Market by Application and Geography - Forecast and Analysis 2020-2024: The functional flours market size has the potential to grow by USD 31.48 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!

Major Three Functional Food Ingredients Market Participants:

Archer Daniels Midland Co.

Archer Daniels Midland Co. operates its business under four segments, which include- Ag services and oilseeds, carbohydrate solutions, nutrition, and others. The company offers functional food ingredients, such as naturally sourced vitamin E, plant sterols, soy isoflavones, flaxseed oil and functional extracts.

BASF SE

BASF SE operates its business under chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and other segments. The company offers and manufactures functional food ingredients, such as antioxidants, carotenoids, colorants, emulsifiers, omega-3 and -6 fatty acids, conjugated linoleic acid, vitamins, and phytosterols, for the food and beverage industry.

Cargill Inc.

Cargill Inc. operates its business under nine segments such as agriculture, animal nutrition, beauty, bioindustrial, food & beverage, pharmaceutical, industrial, meat & poultry, and others. The company manufactures antioxidants, carotenoids, essential oils, and fatty acids, among other products for use in savory snacks, cheese, dairy products, bakery products, and confectionaries.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/functional-food-ingredients-market-industry-analysis

Functional Food Ingredients Market 2020-2024: Segmentation

Functional food ingredients market is segmented as below:

  • Product
    • Probiotics and Prebiotics
    • Proteins and Amino Acid
    • Dietary Fibers
    • Vitamins and Minerals
    • Others
  • Geography
    • North America
    • APAC
    • Europe
    • MEA
    • South America

The functional food ingredients market is driven by increased demand for functional food ingredients from the probiotics segment. In addition, other factors such as a wide range of applications are expected to trigger the functional food ingredients market toward witnessing a CAGR of almost 7% during the forecast period.

Get more insights about the global trends impacting the future of functional food ingredients market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45930

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Functional Food Ingredients Market will grow by USD 27.52 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/