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Description
Functional Food Ingredients Market size is valued at USD 99.5 billion in 2021, growing at a CAGR of 7.1% from 2022 to 2028. 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 2022-2028. 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.
Key Development:
In May 2021, Cargill launched EpiCor, which was a probiotic dried yeast fermentate
In February 2020, Grupo Arcor partnered with Ingredion Incorporated to expand its business.
