Global Functional Food Ingredients Market
According to the current analysis of Reports and Data, the global Functional Food Ingredients market was valued at USD 68.45 billion in 2018 and is expected to reach USD 113.01 billion by the year 2026, at a CAGR of 6.4%. Functional foods offer enhanced benefits beyond their fundamental nutritional value. They encompass an extensive range of products. Some products are generated around a ingredient, for example, foods containing probiotics, prebiotics, or plant stanols and sterols. Other foodstuffs or drinks can be fortified with a nutrient that would not usually be present to any great extent (for instance, folic acid fortified bread or breakfast cereals). Functional foods and drinks provide vast benefits in health terms. A large number of adults use such kinds of foods and beverages products for a variety of fitness-related concerns, including high cholesterol, obesity, high blood pressure, and heart condition.
The report offers the latest impact of the COVID-19 crisis on the industry verticals. COVID-19 began in 2019 and has since then affected every country of the world, with the WHO declaring it as a public health emergency. The pandemic has brought dynamic changes in the industry as it has affected the supply chain, demands, trends, and overall market scenario. The report offers an initial and future impact assessment of the pandemic on key segments of the industry and offers revenue information in the post-pandemic scenario.
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The report is an engaging document that provides vital statistical information about the market in terms of dales, revenue, market share, and market size with regards to product types, application spectrum, regional bifurcation, leading players, and technological advancements.
A comprehensive analysis of the competitive landscape is offered in the report along with a study of the company profiles, product portfolio, manufacturing and production capacity, technological developments, R&D advancements, and strategic initiatives of the prominent players of the industry. Prominent players operating in the industry and profiled in the report include DowDuPont (US), Archer Daniels Midland Company (US), Arla Foods (Denmark), BASF SE (Germany), Cargill (US), Chr. Hansen (Denmark), Amway, Kerry Group PLC., Nestle, Standard Functional Foods Group Inc. among others.
The Global Functional Food Ingredients Market is segmented as follows:
Type Outlook (Revenue in Billion USD; 2016–2026)
Probiotics, Proteins & amino acids, Phytochemical & plant extracts, Prebiotics, Fibers & specialty carbohydrates, Omega-3 fatty acids, Carotenoids, Vitamins, Minerals
Source Outlook (Revenue in Billion USD; 2016–2026)
Natural. Synthetic
Application Outlook (Revenue in Billion USD; 2016–2026)
Food, Beverages
The report provides an explicit analysis of the market with regards to growth driving factors, restraining factors, regulatory framework, threats and opportunities, financial hurdles to offer a thorough outlook of the market. The report also covers value chain analysis, market share, market size, CAGR, sales and revenue, import/export, the scope of the market, growth prospects, and other key factors. The report offers a regional analysis that covers key geographies such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report applies advanced analytical tools such as SWOT analysis, Porter’s Five Forces analysis, along with feasibility analysis and investment return analysis. It also offers strategic recommendations to new entrants as well as established companies about market barriers. It also offers insights into futuristic business opportunities, market scope, threats, and obstacles, to enable fruitful business decision-making process.
Furthermore, the report renders a complete analysis of the Functional Food Ingredients market that allows readers to formulate profitable and lucrative business strategies by offering insights into the competitive landscape, crucial market details, growth prospects, regional rules and regulations, and other key factors.
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