Functional Food Ingredients Market Size, Share, and Trends 2024 to 2034

Functional Food Ingredients Market Size and Companies

The global functional food ingredients market size was reached at USD 103.4 billion in 2021 and it is supposed to surpass around USD 167.5 billion by 2030 and expected to develop at a compound annual growth rate (CAGR) of 5.51% from 2022 to 2030.

Growth Factors

The market development is credited to factors including developing interest for clean name items, moving guidelines in the food and refreshment market, and rising mindfulness among purchasers. Expanding wellbeing concerns and developing medical problems like heftiness, diabetes, and stomach related messes are the critical variables projected to help the business development before long. New speculations and presentation of imaginative items by significant makers have brought about impressive interest for practical ingredients in the food and drink industry.

The U.S. probiotics industry is described by the presence of segment explicit probiotics, for example, for sexes and geriatrics. These specialty markets have given territorial players the opportunity to embrace recognized systems to foster their item portfolio and boost their assets. Exorbitant interest for probiotics-based food and refreshment items is projected to drive the U.S. market throughout the following couple of years. Functional ingredients are those ingredients that have illness forestalling, energy-helping, and wellbeing advancing benefits. The components that will be added to the final result are supposed to be a concentrate from a characteristic wellspring of the dynamic fixing.

Wellbeing mindfulness among clients across a few locales is dynamically expanding, subsequently upgrading the interest for dietary food varieties and refreshments. Besides, buyers are moving toward braced comfort healthy food sources and beverages that are wealthy in wholesome substance. Developing pay levels, combined with expanding number of metropolitan occupants, are moving the interest.

Besides, mindfulness is expanding among the millennial populace concerning the reception of nourishing food things in their dietary systems. Buyers across the globe are involving the upsides of useful ingredients in weight the executives. They are extensively used in the drug application as a covering material since they display fair water solvency, high real satisfied and low consistency.

Report Scope of the Functional Food Ingredients Market

Products Insights

Probiotics drove the market and represented 54% portion of the worldwide income in 2021. Probiotic items show an indispensable development region inside the useful fixing bunch major areas of strength for and endeavors are in progress to further develop dairy items into which probiotic creatures, like Bifidobacterium and Lactobacillus species, are coordinated. Such probiotic-based items might adjust to destroy microbial creation, consequently creating stomach wellbeing, for example, through created resilience to lactose in lactose-prejudiced people or gained protection from pathogenic microorganisms. Quickly expanding probiotics item fragment holds an abundance of chances, explicitly for those central participants that comprehend and take care of the end buyers.

Rice protein is supposed to extend at the quickest CAGR of 8.9% as far as income from 2022 to 2030 on the grounds that it is progressively being used in different food applications, for example, prepared food and wholesome refreshments, which is projected to impact the section development throughout the next few years. Clients have been continuously zeroing in on nourishing weight control plans that are anticipated to expand the interest for rice protein in various games and energy-related dietary items over the gauge period.

Rice protein is utilized as an option in contrast to the ordinary soy and whey protein disengages. It is created by isolating proteins from the sugars present in earthy colored rice and has a more particular taste than that of its partners present in the practical fixings market. Rising interest for protein-based wholesome items inferable from expanding buyer mindfulness concerning solid ways of life is probably going to help the interest for these items throughout the next few years.

Type Insights

The developing mindfulness about the medical advantages of carotenoids like beta-carotene, lutein, and zeaxanthin, the interest for carotenoids is supposed to increment before long. Carotenoids are defensive supplements and are normally happening colors present in many plants. They are chiefly tracked down in plants, green growth, and photosynthetic microorganisms; nonetheless, people and creatures need to depend on food as a wellspring of these mixtures. A few flavonoids incorporate quercetin, kaempferol, catechins, and anthocyanidins. Flavonoids are known for their cancer prevention agent and mitigating medical advantages as well as their job in the reinforcing of cardiovascular and sensory systems. Carotenoids are a broadly disseminated gathering of normally happening colors incorporated by plants, green growth, and photosynthetic microorganisms. They are broadly utilized as protected, normal colorants for food, feed, and beauty care products. They are known to be fundamental for plant development and photosynthesis and are a really dietary wellspring of vitamin An in people. They decrease the gamble of a few persistent wellbeing problems, coronary illness, and eye degeneration.

Source Insights

Plant source is projected to be the quickest developing portion in the regular source section from 2021 to 2030. Prebiotics, proteins, omega-3 unsaturated fats, minerals, filaments, phytochemicals, and plant separates are the significant sorts of practical food fixings got from plant sources. Plant-based proteins are a significant wellspring of protein for veggie lovers and vegetarians. Their high nourishing profile, low carbon impression, and low cost are driving their utilization. Soy, corn, beats, millet, sorghum, sunflower seeds, wheat, groundnuts, grain, and beans are a portion of the significant plant-based sources that are wealthy in amino corrosive substance. The developing tendency of buyers toward regular and plant-based items has been energizing the interest for plant-based food amino acids throughout recent years. Phytochemicals are additionally gotten from plant sources like natural products and vegetables, nuts and seeds, and flavors and spices, among others.

Application Insights

Food and beverages drove the market and represented 47% portion of the worldwide volume in 2021. The worldwide interest for practical fixings in food and drinks has seen a change in outlook inferable from rising wellbeing mindfulness among purchasers and wholesome medical advantages. Purchaser's mentality is exceptionally certain in regards to useful food sources with added wellbeing and health benefits. Rising geriatric populace, expanding medical care costs, evolving way of life, food development, clinical revelations, and assumptions about their more exorbitant costs have helped the general market development as well as the item interest. It has been accounted for that the vast majority of grown-ups consume 55% minerals and more than half nutrients in their everyday weight control plans.

Asia Pacific is projected to drive the interest for bioactive fixings in the food and refreshment application attributable to variables like expanding globalization, evolving ways of life, and developing spending power in the district. Besides, developing attention to the advantages of bioactive fixings in a few nations, including China, India, Indonesia, Japan, and Malaysia, is projected to help the improvement of these fixings in the food and drink industry over the conjecture period.

Food and beverages makers are conveying fortress of wholesome added substances, like filaments, omega-3, nutrients, and minerals, in their item portfolio. The huge thought process of consolidating the expressed added substances in the food and drink industry is to expand the nourishment rich substance in food and refreshment things.

Regional Insights

North America overwhelmed the market and represented 33% portion of worldwide volume in 2021. Expanding wellbeing concerns and developing medical problems, like corpulence, stomach related issues, and diabetes, are critical elements expected to move the interest for the item in nations, like U.S., Canada, and Mexico. Items focusing on wellbeing and mental prosperity have provoked the food business to increment new food R&D drives. Notwithstanding the vulnerabilities of existing guidelines, it frames the setting of a quickly growing business sector in significant nations, similar to the U.S. furthermore, Mexico. The business is likewise expected to develop because of the progressions in food guidelines, developing taking care of oneself development, and overpowering logical proof, featuring the basic connection among diet and wellbeing.

Asia Pacific region is growing at a CAGR of 6.4% from 2022 to 2030. Solid government strategies in the farming exchange to help practical food sources and draw in market speculations have made an expansive extension for improvement in the locale. Nations like China, India, South Korea, Taiwan, and Japan depend on horticulture somewhat on the grounds that the area is an impressive supporter of their GDPs. Asia Pacific has one of the biggest utilitarian fixing markets because of the blossoming populace and rising extra cash among buyers. Quickly developing utilization of handled food, alongside expanding mindfulness in regards to wellbeing and wellness in creating economies, is a huge element helping the utilitarian food market development in the region.

Key developments

• In May 2021, Cargill sent off another probiotic item named EpiCor, which is a dried yeast fermentate clinically displayed in dietary enhancement preliminaries to helpfully balance the stomach microbiota and give safe framework support.
• In February 2021, Cargill and Manna Tree put resources into Evolve BioSystems, Inc., which would assist the organization with keeping on commercializing cutting edge probiotics equipped for tending to a lack of broad in the newborn child stomach microbiome.
• In September 2020, ADM sent off Arcon T finished pea proteins, Prolite MeatTEX finished wheat protein, and Prolite MeatXT non-finished wheat protein. These exceptionally practical protein arrangements would work on the surface and thickness of meat options and are especially helpful for accomplishing customer liked, meat-like surface. It would be more straightforward for the organization to conquer the hindrance by making better-tasting items with further developed surface and variety.
• In February 2020, Grupo Arcor and Ingredion Incorporated went into a joint endeavor, which would help organizations' production skill, corresponding geographic impressions, and business capacities to expand food and drink fixing contributions to clients in Argentina, Chile, and Uruguay.

Key Players

• Archer Daniels Midland Company
• Ingredion Incorporated
• Golden Grain Group Limited
• FMC Corporation
• Omega Protein Corporation
• NutriBiotic
• Cargill Incorporated
• Tate & Lyle plc
• Roquette Frères

Segments Covered in the Report

(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)

By Type

• Probiotics
• Proteins & amino acids
• Phytochemicals & plant extracts
• Prebiotics
• Fibers& specialty carbohydrates
• Omega-3 fatty acids
• Carotenoids
• Vitamins
• Minerals

By Source

• Natural
• Animal
• Microbial
• Plant
• Synthetic

By Product 

• Maltodextrin
• Probiotics
• Polydextrose
• Modified Starch
• Pectin
• Omega-3 (epa, dha, ala)
• Omega-6
• Conjugated Linoleic Acid
• Rice Protein
• Protein Hydrolysate
• Mung Bean Protein

By Health Benefits

• Gut health
• Cardiovascular health
• Bone health
• Immunity
• Nutritive health
• Weight management
• Other health benefits

By Application 

• Food
  • Infant food
  • Dairy products
  • Bakery products
  • Confectionery products
  • Snacks
  • Meat & other products
  • Other food applications (breakfast cereal and flours)
• Beverages
  • Energy drinks
  • Juices
  • Health drinks
• Personal Care
• Pharmaceuticals
• Animal Feed
• Others

By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)
• GCC
• North Africa
• South Africa
• Rest of the Middle East & Africa