This report provides exclusive insights into the COVID-19 impact on the Functional Food Ingredients Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Functional Food Ingredients Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Functional Food Ingredients Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on functional food ingredients market provides in-depth analysis of segments and sub-segments in global as well as regional functional food ingredients market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional functional food ingredients market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global functional food ingredients market. According to the report, the global functional food ingredients market is projected to grow at a CAGR of 5.7% over the forecast period of 2018-2024.
All Foods have certain functions and some nutritional value, while functional foods have more definite and targeted nutritional value for physiological functions than others. A function food is a type of food that has specific nutrients added to it, like vitamins, minerals, fiber or probiotics or prebiotics. In general, this includes anything added for a specific functional purpose. A functional food can have both naturally occurring ingredients that are then boosted or they can have nutrients that aren’t naturally found in them. A functional food helps fulfill nutritional deficiencies if a person is not getting enough of a nutrient. One can consume functional food to fulfill that need. Some of the common functional foods are Omega-3 enriched eggs, oats, fatty fish, fortified margarines, soy, tomato and tomato products, probiotics, nuts, leafy green and red wine. Each functional food nutrients provide specific health benefits that can help a person to overcome a particular health problem or disease.
Functional foods provide a health benefit in addition to macro and micronutrients. These foods are vital in reducing the risk of chronic disease, particularly cancer. With an increasing number of health consciousness people, the demand for functional foods is increasing. Moreover, the young generation is more inclined towards their fitness and diet and thus include functional food ingredients in their diets, owing to which the demand for the functional food ingredients is increasing. Many fast-moving consumer good companies have realized the benefits of functional food ingredients and thus they include these additional nutrients in their products to attract consumers for buying healthy & nutritious food. However, lack of awareness regarding the use of functional foods ingredients in underdeveloped country’s acts as a major constraint in the functional food ingredients market.
Among the regions, North America held the largest market share in the functional food ingredients market. The U.S. is the key country that has the highest market share in this region. The consumers in this region have a high awareness about the anti-cancer and health benefits properties of the functional food ingredients. In addition, there is high popularity of dietary supplements among consumers. These aforementioned factors are responsible for contributing growth of the market in this region. Asia-Pacific region is witnessed to grow at the highest CAGR during the forecast period. The demand for functional food ingredients is increasing in this region owing to growing awareness about functional food ingredients and rising disposable income. Moreover, this region has the highest population owing to which there is a huge possibility of market growth in this region during the forecast period.
The report on global functional food ingredients market covers segments such as types and health benefits. On the basis of types the global functional food ingredients market is categorized into vitamins, proteins and amino acids, minerals, prebiotics and probiotics, dietary fiber, carotenoids, omega-3, and 6 fatty acids, essential oils, soy protein, and others. On the basis of health benefits the global functional food ingredients market is categorized into nutrition, bone health, heart health, weight management, gut health, cancer, immunity, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global functional food ingredients market such as, Archer Daniels Midland Company, Cargill, Incorporated, Associated British Foods Plc., BASF SE, E. I. Du Pont De Nemours and Company, Kerry Group PLC, Koninklijke DSM N.V., Canadian Energy Services & Technology Corporation, Ingredion Incorporated, Arla Foods amba and Abbott Nutrition Manufacturing Inc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global functional food ingredients market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of functional food ingredients market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the functional food ingredients market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the functional food ingredients market to understand the present and future trends in this market and formulate their strategies accordingly.