San Francisco, 11 April , Functional
Ingredients Market Analysis, By Product (Maltodextrin, Probiotics, Polydextrose,
Modified starch, Pectin, Omega-3, Omega-6, CLA, Rice protein, Protein
hydrolysate), By Application, And Segment Forecasts, 2018 – 2026.
The global functional ingredients market is
expected to be valued at USD 96.1 billion by 2026, growing at a CAGR of 5.9%,
according to a new report by Grand View Research, Inc. The globally increasing
consumption of healthy convenience foods has been a major factor driving the
market for the last few years. The growing health consciousness along with the
rapidly expanding pharmaceutical industry in Asia Pacific have also led to the
increased utilization of functional ingredients.
Growing
health concerns and increasing health issues such as diabetes, obesity, and
digestive disorders are the major factors expected to propel the regional
market over the forecast period. The introduction of innovative products and
investments made by major producers have resulted in a considerable demand for
functional ingredients in food & beverages industry. Moreover, shifting
consumer preferences for premium personal care products based on natural and
herbal ingredients are estimated to drive the market over the forecast period,
especially in personal care applications.
Probiotics
were the largest product category in 2016 and are expected to maintain a
substantial growth rate over the forecast period. Rice protein is projected to
witness the fastest CAGR of 8.4% during the forecast period.
Rice
protein concentrates are being increasingly utilized in nutritional beverages,
bars, baked food products, confectioneries, and desserts, which is likely to
have a positive impact on their growth over the forecast period. Companies
including Prinova utilize rice protein concentrates in their products, which is
anticipated to increase consumer awareness, thereby fueling the demand for the
product over the forecast period.Consumers have been increasingly focusing on
healthy diets, which is predicted to boost the demand for rice protein in
various sports & energy nutrition products in the next few years.
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Research Report On Functional Ingredients Analysis:
Further key findings from the report
suggest:
·
The global demand for
functional ingredients amounted to 12,671.7 kilo tons in 2016 and is estimated
to report a CAGR of 4.4% from 2017 to 2026. North America dominated the global
market in 2016, followed by Europe. Emerging economies such as China, India,
and Brazil are predicted to lead their respective regional markets over the
forecast period.
·
Food & beverages emerged as
the largest segment of the market by application in 2016. Functional ingredients
act as stabilizers, binders, flavor enhancers, and antioxidants in the
production of food. Rising health concerns coupled with the growing incidence
of digestive disorders caused due to unhealthy lifestyles are projected to be
the key drivers of the market over the forecast period.
·
The market in Asia Pacific is
projected to witness substantial growth over the next decade owing to various
developments across major economies, especially in the food & beverages
sector
·
Probiotics dominate the global
market in terms of revenue throughout the analysis period. The per capita
consumption of probiotics in dietary and food supplements has been the highest
in Japan over the past few years due to the country’s effective regulatory
framework and long traditional probiotics background.
·
Key market players include
Archer Daniels Midland Company, Ingredion Incorporated, Golden Grain Group
Limited, FMC Corporation, Omega Protein Corporation, NutriBiotic, Cargill
Incorporated, Tate & Lyle plc, and Roquette Frères. Companies such as Royal
DSM are investing in the development of newer technologies coupled with the
acquisition of raw material manufacturers. Agreements and collaborations are
also among the major strategies adopted by key players.
Browse More Reports Of This
Category By Grand View Research At: https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has
segmented the global functional ingredients market on the basis of product,
application, and region:
Functional
Ingredients Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 -
2026)
·
Maltodextrin
·
Probiotics
·
Polydextrose
·
Modified starch
·
Pectin
·
Omega-3 (EPA, DHA, ALA)
·
Omega-6
·
Conjugated linoleic acid
·
Rice protein
·
Protein hydrolysate
·
Mung bean protein
Functional
Ingredients Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014
- 2026)
·
Food & beverages
·
Personal care
·
Pharmaceuticals
·
Animal feed
·
Others
Functional
Ingredients Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 -
2026)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Thailand
·
Central & South America
o
Brazil
·
Middle East & Africa
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-functional-ingredients-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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