The Functional Food Ingredients Market was valued at approximately USD 4.3 Billion in 2023 and is expected to grow at a robust CAGR of around 11.2% during the forecast period 2024-2032

Rising Health Concerns Is Escalating The Demand For Functional Food Ingredients Market Globally 

Functional foods ingredients offer a health benefit beyond basic

nutrition for the improvement of outer or inner health. The Academy of

Nutrition and Dietetics categorizes the three main functional foods such as

natural products (vegetables, fruits, grains, dairy, fish, and meat), enriched

or fortified foods, and synthesized food ingredients like prebiotics. The

increasing prevalence of chronic diseases is augmenting the consumer shift towards

healthier food alternatives. In addition, the Rising consumer interest, and

high awareness of immunity-enhancing properties of proper diet and food habits,

are some of the key factors fueling the growth of the global functional food

ingredients market. Moreover, the increase in functional food ingredient

product sales is burgeoning the growth of the functional food ingredients

market. However, some of the restraints in the market are adherence to the international quality standards

& regulations and lack of awareness about functional ingredients such as

prebiotics and probiotics in developing countries. 

As per UnivDatos Functional Food

Ingredients Market was valued at US$ xx million in 2020 and is expected to reach US$ 100.98 million by 2027, registering a CAGR of 6.40% during the forecast period (2021-2027). The surge in the Functional Food

Ingredients Market is on account of the rising chronic and lifestyle diseases all over the world. In

addition, the rising sales of functional food products are intensifying the

growth of Functional Food Ingredients. According to Euromonitor 2018, Health and wellness drive the

growth in the global food and beverage industry. Global sales of naturally

healthy foods reached $253 billion in 2017; while functional foods totaled $247 billion.   

Detailed analysis of key driver of Functional Food

Ingredients Market browses through. 

The report “Functional Food Ingredients Market: Current Analysis and Forecast (2020-2027)” by UnivDatos Market Insights deliver a comprehensive analysis of the Type, Health Benefits, Application, Source, and Region  

Based on Type, the market is fragmented into Probiotics, Proteins & amino acids,

Phytochemicals & plant extracts, Prebiotics, Fibers & specialty

carbohydrates, Omega-3 fatty acids, Carotenoids, Vitamins, and Minerals. The

protein & amino acids segment garners a significant share of the functional

food ingredient market in 2020. The functional food ingredients such as

prebiotics, omega-3 fatty acids, proteins, minerals, fibers, and phytochemicals

are mainly derived from plant

sources. Plant-based proteins are a major source of protein for vegetarians and

vegans. Their low carbon footprint, high nutritional profile, and low price are

major factors driving their consumption. Plant-based sources such as Soy, corn,

pulses, millet, sorghum, sunflower seeds, wheat, groundnuts, barley, and beans

are highly enriched in amino acid content. The increasing inclination of

consumers toward natural and plant-based products has been encouraging the

demand for plant-based food amino acids.  

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Based on Health Benefits, the market is segmented into Gut health, Cardiovascular health, Bone

health, Immunity, Nutritive health, Weight management, and Other health benefits.

The Nutritive Health segment garners a significant share of the functional food

ingredient market in 2020. The increasing awareness among the population

concerning the health benefits of probiotics and prebiotics is intensifying the

segment growth. Moreover,

the rising demand for dietary supplements and rising disposable income are

further generating lucrative functional food ingredients market growth

opportunities. 

Based on Application, the market is bifurcated into Food and Beverages. The

Beverages segment holds the largest share in 2020 and is expected to register

the highest CAGR in the upcoming period. Many Functional food ingredients for

example minerals, vitamins, and proteins are used in energy drinks. Numerous

energy drinks have been developed by manufacturing companies to deliver

specific health benefits, for example promoting heart health, energy-boosting,

and improving immunity.  

Based on the Source, the market is bifurcated into Natural and Synthetic. The

Natural segment is further segmented into Animal, Microbial, and Plant. The

Natural segment holds the largest share in 2020 and is expected to register the

highest CAGR in the upcoming period owing to a high preference towards food

ingredients in natural form, rising consumer demand for natural ingredients. Moreover,

the rising health benefits coupled with ingredients obtained from natural

sources are also fueling the functional food ingredients market. 

North America to Grab Lion’s Share 

North America

will dominate the Functional Food Ingredients market on account of the increase

in demand for high-priced fortified nutritional food & beverage products in

the region. The application of food ingredients is estimated to increase

at a faster pace in the region due to its demand among consumers. In addition, the changing customers' lifestyles are also

propelling the growth of the functional food industry in the North American

region. In addition, the rising awareness of functional food ingredients due to

the rising food allergies is also deriving the market growth. 

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Functional Food

Ingredients Market are Amway, Archer Daniels Midland Company, Arla Foods, BASF SE,

Cargill Inc, DSM NV, General Mills Inc, Herbalife, Ingredion Incorporated, and

Kerry Group PLC. These companies are investing heavily on Functional Food Ingredients to increase their

customer base.  

May 2021, Cargill launched a new probiotic product named EpiCor, which is a dried

yeast fermentate clinically shown

in dietary supplement trials to beneficially modulate the gut microbiota and

provide immune system support. 

February 2021, Cargill and Manna Tree invested in Evolve BioSystems, Inc., which would

help the company continue commercializing next-generation probiotics capable of

addressing a widespread deficiency in the infant gut microbiome. 

September 2020, ADM launched Arcon T textured pea proteins, Prolite MeatTEX textured wheat

protein, and Prolite MeatXT non-textured wheat

protein. These highly functional protein solutions would improve the texture

and density of meat alternatives and are particularly useful for achieving consumer-preferred,

meat-like texture. It would be easier for the company to overcome

the barrier by creating better-tasting products with improved texture and color. 

February 2020, Grupo Arcor and Ingredion Incorporated entered into a joint venture, which would help companies’ manufacture expertise, complementary

geographic footprints, and commercial capabilities to broaden food &

beverage ingredient offerings to customers in Argentina, Chile, and Uruguay. 

“Global Functional Food Ingredients Market” provides

comprehensive qualitative and quantitative insights on the industry potential,

key factors impacting sales and purchase

decisions, hotspots, and opportunities available for the market players.

Moreover, the report also encompasses the key strategic imperatives for success

for competitors along with strategic factorial indexing measuring competitor's

capabilities on different parameters. This will help companies in the

formulation of go to market strategies and identifying the blue ocean for

its offerings.       

Market Segmentation:  

By Type (Probiotics, Proteins & amino acids, Phytochemicals &

plant extracts, Prebiotics, Fibers & specialty carbohydrates, Omega-3 fatty

acids, Carotenoids, Vitamins, and Minerals) 

By Health Benefits (Gut health, Cardiovascular health, Bone health, Immunity,

Nutritive health, Weight management, and Other health benefits) 

By Application (Food and Beverages) 

By Source (Natural and

Synthetic) 

By Region (North America,

Europe, Asia-Pacific, Rest of the World) 

By Company (Amway, Archer Daniels Midland Company, Arla Foods, BASF SE,

Cargill Inc, DSM NV, General Mills Inc, Herbalife, Ingredion Incorporated, and

Kerry Group PLC.)  

Key questions answered in the study: 

What are the current and future trends of the Functional Food Ingredients industry?    

How the industry has been evolving in

terms of Health Benefits, Application, Type,

and Health Benefits? 

How the competition has been shaping

across the countries followed by their comparative factorial indexing?  

What are the key growth drivers and challenges for the Functional Food Ingredients industry? 

What are the customer

orientation, purchase behavior, and expectations from the Functional Food Ingredients firms across

various regions?  

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