Functional Food Ingredients Market is to grow by USD 48.06 billion from 2022 to 2027, Ajinomoto Co. Inc., AMCO Proteins, American International Chemical LLC, and more among key companies

NEW YORK, Oct. 27, 2023 /PRNewswire/ — The functional food ingredients market is expected to grow by USD 48.06 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 7.16% during the forecast period, according to Technavio. Increased demand for functional food ingredients from the probiotics segment is notably driving the functional food ingredients market. However, factors such as the High cost of functional foods may impede market growth. The market is segmented by application (food and beverages, pharmaceuticals, and others), product (probiotics and prebiotics, proteins and amino acid, dietary fibers, vitamins and minerals, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.

We provide a detailed analysis of 20 companies operating in the functional food ingredients market including Ajinomoto Co. Inc., AMCO Proteins, American International Chemical LLC, Arla Foods amba, Associated British Foods Plc, BASF SE, Beneo GmbH, Bio Botanica Inc., Cargill Inc., Chr Hansen Holding AS, Cooperatie Koninklijke Cosun UA, Diana Food SAS, Givaudan SA, Ingredion Inc., International Flavors and Fragrances, Kemin Industries Inc., Kerry Group Plc, Koninklijke DSM NV, Tate and Lyle Plc, and Archer Daniels Midland Co.

Functional Food Ingredients Market 2023-2027: Company Analysis

Ajinomoto- The company offers functional food ingredients, namely AJI-NO-MOTO.

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Functional Food Ingredients Market 2023-2027: Segmentation

Product

The market share growth by the probiotics and prebiotics segment will be significant during the forecast period. Probiotics, which are found extensively in yogurt, buttermilk, Greek yogurt, and other fermented dairy products, are live organisms, such as Lactobacillus, Bifidobacterium, and Enterococcus. Functional food ingredients such as prebiotics, present in many fruits and vegetables, are considered to offer significant benefits.

Application (food and beverages, pharmaceuticals, and others)

Geography

APAC is projected to contribute 37% by 2027. The presence of a large number of functional food ingredient and food additives manufacturers in the Asia Pacific region can be attributed to market growth. The key revenue-producing countries in the region are China, Japan, India, and South Korea.

North America, Europe, Middle East and Africa, and South America

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Functional Food Ingredients Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.16%
Market growth 2023-2027	USD 48.06 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	6.52
Regional analysis	APAC, North America, Europe, South America, and the Middle East and Africa
Performing market contribution	APAC at 37%
Key countries	US, China, India, Germany, and the UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Ajinomoto Co. Inc., AMCO Proteins, American International Chemical LLC, Arla Foods amba, Associated British Foods Plc, BASF SE, Beneo GmbH, Bio Botanica Inc., Cargill Inc., Chr Hansen Holding AS, Cooperatie Koninklijke Cosun UA, Diana Food SAS, Givaudan SA, Ingredion Inc., International Flavors and Fragrances, Kemin Industries Inc., Kerry Group Plc, Koninklijke DSM NV, Tate and Lyle Plc, and Archer Daniels Midland Co.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

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