marketreportsworld.com has added new report on Functional Food Ingredient Market which enlighten the Global Functional Food Ingredient industry by Business Insights, top manufacturers or players, top regions and countries of the world Type, applications, region, type end user and Forecast to 2020-2023
Global “Functional Food Ingredient Market” 2020: – Functional Food Ingredient Market report intends to offer inside and out data about Functional Food Ingredient industry with market outlook, trends, business strategies and future prospects of industry. It includes this market status with some changing size and trends which will affect the market rate of growth. Functional Food Ingredient market report covers the many growth prospect over the approaching years. Likewise, it studies market new product analysis, strategies, financial overview and trends. Functional Food Ingredient market report also offers a summary of revenue, sales, product demand, and provide of knowledge, cost, and growth analysis during the forecast year 2023.
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The global functional food ingredient market was valued at USD 2.54 billion in 2019 and is projected to reach USD 3.18 billion by 2023, at a CAGR of 6.2%, during the forecast period from 2018 to 2023. Major producers have been engaged in the strategies of focusing on innovation in products, expanding current operations and commencing new ones, and investing in products of other companies, among others.
Top Manufacturers Listed in the Functional Food Ingredient Market Report are:
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Detailed Overview about Functional Food Ingredient Market:
Market Dynamics
The rising incidence of chronic diseases is driving the consumers to shift toward healthier food options. Increasing consumer interest, and a better understanding of the immunity enhancing property of proper diet and food habits, are some of the key factors driving the growth of the global functional food ingredients market. Strict legislation imposed by governments across the globe prevents the expansion of the functional food ingredient market. In many countries, strict regulations are imposed on advertisements and labeling of products. Functional food ingredients are not easily available in supermarkets and grocery stores, and often tend to be expensive. Many consumers are unaware of how these products can be incorporated into their daily dietary intake. These factors, collectively, are obstructing the growth of the market.
However, functional food ingredient product sales have been and are expected to continue rising at a brisk rate. The high-rate of innovation in this field can lead to changes in the purpose of the product and re-position the product or, eventually, shift them from one target segment to another.
Market Segmentation
The global functional food ingredient market is segmented by type into – proteins and amino acids, vitamins, minerals, prebiotics, probiotics, hydrocolloids, essential oil, omega-3 and 6 fatty acids, and flavonoids and carotenoids. The market is segmented into confectionery, fortified dairy products, bakery and cereals, meat, fish and eggs, and others – based on application.
Regional Analysis
North America holds the maximum market share followed by Europe. Asia-Pacific region is growing with a higher rate, Countries, like China and India are driving the growth rate of functional food ingredient market in the region due to the intense economic growth, along with increase in number of working population.
Key Developments
• June 2019 Amway opened a new distribution Centre in major Thai market. Amway is a major seller of dietary supplements.
• October 2016 ADM launched new line of fruit and vegetable functional extracts that can deliver a concentrated dose of the powerful antioxidant compounds beta-carotene and anthocyanins in a variety of food, beverage and supplement applications.
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Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states Functional Food Ingredient market trend, import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions, and other regions can be added.Functional Food Ingredient market forecast For the period of 2020-2023, this study provides the Functional Food Ingredient sales, revenue and market share for each player covered in this report.
Reasons to Purchase the Functional Food Ingredient Market Report:
– The report analyses how the shift towards safety will drive the global Functional Food Ingredient market.
– Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
– Study on the product type that is expected to dominate the market.
– Study on the regions that are expected to witness fastest Functional Food Ingredient Market growth during the forecast period.
– Identify the latest developments,Functional Food Ingredient market shares and strategies employed by the major market players.
– Analyzing what will be the Functional Food Ingredient Market size.
Major Points from Table of Contents:
1. Introduction1.1 Research Methodology1.2 Market Definition1.3 Report Description2. Market Overview2.1 Market Trends3. Market Dynamics3.1 Drivers3.1.1 Consumers Desiring to Enhance Personal Health3.1.2 Increasing Demand for Functional Dairy Products3.1.3 Growing Demand as an Alternative to Health Supplements3.2 Restraints3.2.1 Strict Food Regulations and Safety Concerns3.2.2 Higher Cost in Comparison to Conventional Products3.3 Opportunities3.3.1 Growing Demand in Emerging Economies3.3.2 Huge Investments in RandD and Innovation of Functional Food3.4 Porters Five Forces Analysis3.4.1 Bargaining Power of Suppliers3.4.2 Bargaining Power of Buyers3.4.3 Threat of New Entrants3.4.4 Threat of Substitute Products and Services3.4.5 Degree of Competition4. Segmentation4.1 By Type4.1.1 Vitamins4.1.2 Minerals4.1.3 Prebiotics4.1.4 Probiotics4.1.5 Hydrocolloids4.1.6 Essential Oils4.1.7 Omega-3 and 6 Fatty Acids4.1.8 Carotenoids4.1.9 Others4.2 By Application4.2.1 Bakery and Cereals4.2.2 Dairy Products4.2.3 Meat, Fish and Eggs4.2.4 Soy Products4.2.5 Others4.3 By Purpose4.3.1 Sports Nutrition4.3.2 Weight Management4.3.3 Immunity4.3.4 Digestive Health4.3.5 Clinical Nutrition4.3.6 Cardio Health4.3.7 Others4.4 By Geography4.4.1 North America4.4.1.1 US4.4.1.2 Canada4.4.1.3 Mexico4.4.1.4 Rest of North America4.4.2 Europe4.4.2.1 UK4.4.2.2 Germany4.4.2.3 Spain4.4.2.4 Russia4.4.2.5 Rest of Europe4.4.3 Asia-Pacific4.4.3.1 China4.4.3.2 Japan4.4.3.3 Rest of APAC4.4.4 South America4.4.4.1 Brazil4.4.4.2 Argentina4.4.4.3 Rest of South America4.4.5 Africa4.4.5.1 South Africa4.4.5.2 Rest of Africa5. Competitive Landscape5.1 Most Adopted Market Strategies5.2 Most Active Companies5.3 Market Share Analysis6. Company Profiles6.1 Archer Daniels Midland Company6.2 Arla Foods6.3 BASF SE6.4 Cargill Incorporated6.5 DSM NV6.6 General Mills Inc.6.7 Herbalife6.8 Ingredion Incorporated6.9 Kerry Group PLC6.10 Nestlé6.11 Standard Functional Foods Group Inc.6.12 Tate and Lyle PLC7. Appendix7.1 Disclaimer
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To view the original version on The Express Wire visit Functional Food Ingredient Market 2020- Global Industry Analysis and Forecast 2020 to 2023 by Growth, Market Size & Growth, Gross Margin, Share, Trend, Future Demand, Leading Player and Region