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Functional Food Ingredients Market: By Type, By Health Benefits, By Application, and Geography
Functional Food Ingredients Market: By Type, By Health Benefits, By Application, and Geography
Functional Food Ingredients Market size was valued at US$ 99.5 billion in 2023, growing at a CAGR of 7.1% from 2024 to 2030. Functional foods are those that provide the consumer with extra health benefits along with basic nutrition. A bioactive molecule used to prepare functional food products is known as a functional ingredient. The global market provides a detailed overview and that can be segmented by type, by health benefits, and by Application. By type, the Functional Food Ingredients market growth has been segmented into Minerals, Probiotics, Vitamins, Prebiotics, Essential Oils, Carotenoids, Hydrocolloids, Omega-3 & 6 Fatty Acids, and Others. The Probiotics segment is likely to be the largest and fastest-growing segment in terms of type.
Probiotic products show a vital growth area inside the functional ingredient group, and robust research efforts are ongoing to expand dairy products into which probiotic organisms, such as Lactobacillus and Bifidobacterium species, are combined. Based on Health Benefits, the Functional Food Ingredients market is segmented into Clinical Nutrition, Cardio Health, Sports Nutrition, Immunity, Digestive Health, and Others. Among these, the Digestive Health segment is expected to have a significantly growing market during the forecast period. Based on the Application, the Functional Food Ingredients market is segmented into Sports/Nutrition Bars, Convenience Beverages, Baby Food, Meat Alternatives, Dairy Alternatives, and Others. The Convenience Beverages segment is expected to have a significant share in 2021. The global demand for useful ingredients in food and beverages has witnessed a shift due to growing health awareness among nutritional and consumer health benefits.
Study Period
2024-2030Base Year
2023CAGR
7.2%Largest Market
North AmericaFastest Growing Market
Asia pacific
The growing chronic diseases and micronutrient shortages and the progress of the middle class in developing economies are anticipated to propel market growth over the forecast years. Moreover, the new government protection programs, the aging population, and growing interest in wellness and health are burgeoning the market growth over the forecast years.
North America functional food ingredients market is the largest market when compared with that of the other regional markets. Owing to its intense economic growth, the North America market to keep the top spot in the global functional food ingredients market. Europe is another thriving market. Europe functional food ingredients market holds the second largest share in the global market. The Asia Pacific functional food ingredients market is expected to grow exponentially over the forecast period owing to its emerging economies such as China and India, which are of high-growth markets for the players.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 99.5 billion |
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Market CAGR |
7.2% |
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By Type |
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By Health Benefits |
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By Application |
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By Region |
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Download Free Sample Report
The functional food ingredients market size was valued at US$ 99.5 billion in 2023
The functional food ingredients market key players are: Tate & Lyle PLC (U.K) Associated British Food plc (U.K) I. du Pont de Nemours & Company (U.S) Cargill, Incorporated (U.S.) Koninklijke DSM N.V. (The Netherlands) Associated British Food plc (U.K.)
The functional food ingredients market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1.Executive Summary |
| 2.Global Functional Food Ingredients Market Introduction |
| 2.1.Global Functional Food Ingredients Market - Taxonomy |
| 2.2.Global Functional Food Ingredients Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Health Benefits |
| 2.2.3.Application |
| 2.2.4.Region |
| 3.Global Functional Food Ingredients Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Functional Food Ingredients Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Functional Food Ingredients Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Minerals |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Probiotics |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Vitamins |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Prebiotics |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Essential Oils |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Carotenoids |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Hydrocolloids |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Omega-3 & 6 Fatty Acids |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Others |
| 5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 6.Global Functional Food Ingredients Market By Health Benefits, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Clinical Nutrition |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Cardio Health |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Sports Nutrition |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Immunity |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Digestive Health |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Functional Food Ingredients Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Sports/Nutrition Bars |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Convenience Beverage |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Baby Food |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Meat Alternatives |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Dairy Alternatives |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Others |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8.Global Functional Food Ingredients Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Functional Food Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Minerals |
| 9.1.2.Probiotics |
| 9.1.3.Vitamins |
| 9.1.4.Prebiotics |
| 9.1.5.Essential Oils |
| 9.1.6.Carotenoids |
| 9.1.7.Hydrocolloids |
| 9.1.8.Omega-3 & 6 Fatty Acids |
| 9.1.9.Others |
| 9.2. Health Benefits Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Clinical Nutrition |
| 9.2.2.Cardio Health |
| 9.2.3.Sports Nutrition |
| 9.2.4.Immunity |
| 9.2.5.Digestive Health |
| 9.2.6.Others |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Sports/Nutrition Bars |
| 9.3.2.Convenience Beverage |
| 9.3.3.Baby Food |
| 9.3.4.Meat Alternatives |
| 9.3.5.Dairy Alternatives |
| 9.3.6.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Functional Food Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Minerals |
| 10.1.2.Probiotics |
| 10.1.3.Vitamins |
| 10.1.4.Prebiotics |
| 10.1.5.Essential Oils |
| 10.1.6.Carotenoids |
| 10.1.7.Hydrocolloids |
| 10.1.8.Omega-3 & 6 Fatty Acids |
| 10.1.9.Others |
| 10.2. Health Benefits Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Clinical Nutrition |
| 10.2.2.Cardio Health |
| 10.2.3.Sports Nutrition |
| 10.2.4.Immunity |
| 10.2.5.Digestive Health |
| 10.2.6.Others |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Sports/Nutrition Bars |
| 10.3.2.Convenience Beverage |
| 10.3.3.Baby Food |
| 10.3.4.Meat Alternatives |
| 10.3.5.Dairy Alternatives |
| 10.3.6.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Functional Food Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Minerals |
| 11.1.2.Probiotics |
| 11.1.3.Vitamins |
| 11.1.4.Prebiotics |
| 11.1.5.Essential Oils |
| 11.1.6.Carotenoids |
| 11.1.7.Hydrocolloids |
| 11.1.8.Omega-3 & 6 Fatty Acids |
| 11.1.9.Others |
| 11.2. Health Benefits Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Clinical Nutrition |
| 11.2.2.Cardio Health |
| 11.2.3.Sports Nutrition |
| 11.2.4.Immunity |
| 11.2.5.Digestive Health |
| 11.2.6.Others |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Sports/Nutrition Bars |
| 11.3.2.Convenience Beverage |
| 11.3.3.Baby Food |
| 11.3.4.Meat Alternatives |
| 11.3.5.Dairy Alternatives |
| 11.3.6.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Functional Food Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Minerals |
| 12.1.2.Probiotics |
| 12.1.3.Vitamins |
| 12.1.4.Prebiotics |
| 12.1.5.Essential Oils |
| 12.1.6.Carotenoids |
| 12.1.7.Hydrocolloids |
| 12.1.8.Omega-3 & 6 Fatty Acids |
| 12.1.9.Others |
| 12.2. Health Benefits Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Clinical Nutrition |
| 12.2.2.Cardio Health |
| 12.2.3.Sports Nutrition |
| 12.2.4.Immunity |
| 12.2.5.Digestive Health |
| 12.2.6.Others |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Sports/Nutrition Bars |
| 12.3.2.Convenience Beverage |
| 12.3.3.Baby Food |
| 12.3.4.Meat Alternatives |
| 12.3.5.Dairy Alternatives |
| 12.3.6.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Functional Food Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Minerals |
| 13.1.2.Probiotics |
| 13.1.3.Vitamins |
| 13.1.4.Prebiotics |
| 13.1.5.Essential Oils |
| 13.1.6.Carotenoids |
| 13.1.7.Hydrocolloids |
| 13.1.8.Omega-3 & 6 Fatty Acids |
| 13.1.9.Others |
| 13.2. Health Benefits Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Clinical Nutrition |
| 13.2.2.Cardio Health |
| 13.2.3.Sports Nutrition |
| 13.2.4.Immunity |
| 13.2.5.Digestive Health |
| 13.2.6.Others |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Sports/Nutrition Bars |
| 13.3.2.Convenience Beverage |
| 13.3.3.Baby Food |
| 13.3.4.Meat Alternatives |
| 13.3.5.Dairy Alternatives |
| 13.3.6.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Tate & Lyle PLC (U.K) |
| 14.2.2.Associated British Food plc (U.K) |
| 14.2.3.I. du Pont de Nemours & Company (U.S) |
| 14.2.4.Cargill, Incorporated (U.S.) |
| 14.2.5.Koninklijke DSM N.V. (The Netherlands) |
| 14.2.6.Associated British Food plc (U.K.) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.