Functional foods are foods and ingredients that propose a health benefit beyond basic nutrition for the enhancement of outer or inner health. The Academy of Nutrition and Dietetics categorizes the three major functional foods such as natural products (vegetables, fruits, grains, dairy, fish, and meat), enhanced or fortified foods, and synthesized food ingredients such as prebiotics.
According
to the report analysis, ‘Functional Food Ingredients Market: Current Analysis
and Forecast (2021-2027)’ states that the significant
augment in consumer interest, and high awareness of immunity-improving
properties of proper diet and food habits, are some of the foremost factors propelling
the growth of the global functional food ingredients market. In addition, the growth
in functional food ingredient product sales is burgeoning the growth of the
functional food ingredients market.
However,
some of the limitations in the market are adherence to the international
quality standards & regulations and shortage of awareness about functional
ingredients such as prebiotics and probiotics in underdeveloped countries. Some
of the major players operating in the market include Amway, Archer Daniels
Midland Company, Arla Foods, BASF SE, Cargill Inc, DSM NV, General Mills Inc,
Herbalife, Ingredion Incorporated, and Kerry Group PLC. Several M&As along
with partnerships have been undertaken by these players to boost their existence
in different regions.
Based
on the Source, the market is classified into Natural and Synthetic. The Natural
segment is further categorized into Animal, Microbial, and Plant. The Natural
segment controls the largest share in 2020 and is projected to register the greatest
CAGR in the forthcoming period due to a high preference towards food
ingredients in natural form, augmenting consumer requirement for natural ingredients.
Moreover, the augmenting health benefits coupled with ingredients gained from
natural sources are also propelling the functional food ingredients market.
For
a better understanding of the market implementation of Functional Food
Ingredients, the market is analyzed based on its worldwide existence in the
countries such as North America (United States, Canada, and the Rest of North
America), Europe (Germany, France, Spain, United Kingdom and Rest of Europe),
Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of
World. North America will register the Functional Food Ingredients market on
account of the augment in requirement for high-priced fortified nutritional
food & beverage products in the region. The application of food ingredients
is projected to augment at a faster pace in the region owing to its requirement
among consumers. In addition, the transforming customers' lifestyles are also influencing
the growth of the functional food industry in the North American region.
For More Information, refer to below link:-
Global
Functional Food Ingredients Market
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