Functional Food Ingredients Market Worth $2.5 Billion by 2020
Key players in the market are focusing on new product launches and expanding their facilities to enter new markets
The report, 'Functional Food Ingredients Market by Type (Protein, Vitamin, Mineral, Prebiotic & Probiotic, Hydrocolloid, Essential Oil, Fatty Acid, Carotenoid), Application (Food & Beverage), Health Benefit (Gut, Bone, Health, Immunity, Nutrition) & by Region: Global Forecast to 2020,' is available from Markets and Markets and predicts that the functional food ingredients market will reach about $2.5 Billion by 2020, growing at a CAGR of about 6% from 2015 to 2020.
The market report defines and segments the functional food ingredients market on the basis of various types, applications, health benefits and regions, with analyses and projections of the market size of each of these segments in terms of value and volume. It also identifies the driving and restraining factors for the functional food ingredients market with an analysis of the trends, opportunities, burning issues and winning imperatives.
Functional food ingredients can be defined as ingredients that have the capability to add a particular benefit to the end product. A proper understanding of the features of various specialty food ingredients allows food and beverage formulators to use their potential contributions to meet the consumer demands.
The features of these ingredients include preservation, texturisation, emulsification, colouring, processing aids and nutritional enhancement. The changing lifestyles and growing health awareness among consumers are some of the factors fuelling the market for functional food ingredients.
The functional food ingredients market is projected to reach about $2.5 Billion by 2020, growing at a CAGR of about 6% from 2015 to 2020. In 2014, North America was the largest market for functional food ingredients. Asia-Pacific is projected to be the fastest-growing market for functional food ingredients during the review period. This is driven by the increasing consumer awareness and growing incidences of chronic diseases such as gut diseases, high blood pressure, diabetes and rickets.
The report includes marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of the leading companies such as Cargill, Incorporated (US), Koninklijke DSM NV (the Netherlands), Associated British Food plc (UK), EI du Pont de Nemours & Company (US) and Tate & Lyle plc (UK).
