The Functional Ingredients Market is projected to reach $186.75 billion by 2030, at a CAGR of 7.6% during the forecast period of 2023–2030. The growth of this market is driven by the rising demand for functional ingredients in the food and beverage sector, growing health and wellness trends, increasing demand for healthy and nutrition-rich diets, rising incidences of chronic diseases, and increasing demand for compound feed. However, the stringent government regulations and guidelines and high prices of functional ingredients are expected to hamper the growth of this market to some extent. Moreover, the rising vendor investment in the functional food and beverage industry is further expected to provide growth opportunities for the stakeholders operating in this market. Additionally, the growing demand for natural, organic, and clean-label ingredients is a major trend in the global functional ingredients market.
Key Players
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies they adopted in the last 3–4 years. Some of the key players operating in the global functional ingredients market are Archer-Daniels-Midland Company (U.S.), Arla Foods amba (Denmark), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), Cargill, Incorporated (U.S.), International Flavors & Fragrances Inc. (U.S.), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), Koninklijke DSM N.V. (Netherlands), Glanbia plc. (Ireland), Roquette Frères S.A.(France), and Tate & Lyle Plc (U.K.).
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Consumers are becoming increasingly concerned about their health and paying more attention to their lifestyles and dietary habits. The global demand for healthy and nutrition-rich diets is rising with the growing world population. According to the Population Reference Bureau (PRB), the world population is expected to reach 9.8 billion by 2050, increasing by 22% from around 8.0 billion in 2022.
In recent years, consumer awareness regarding health, nutrition-rich diets, calorie reduction, and food safety has grown globally, which is expected to transform the food and beverage sector and boost the growth of the fortified food market. Functional food and beverages are highly nutritious and have potential health benefits besides basic nutritional values. These are designed to promote the health of the general population. Nowadays, every other food is processed to make it healthy for increased marketability as per changed consumer demands. The rapid shift from nutritional supplements to transparent ingredients in food has boosted the market growth of functional ingredients.
Furthermore, the need for sports and performance drinks is increasing rapidly as they help enhance performance and endurance and allow athletes to exercise vigorously. Moreover, the rising athlete population and sports players in developing countries are major factors that would propel the market growth during the forecast period. For instance, according to the National Collegiate Athletic Association (NCAA), the number of NCAA athletes is increasing rapidly. In 2021–2022, approximately 520,000 students participated in NCAA championships sports, an increase of more than 25,000 since 2017–2018.
Moreover, consumers increasingly spend on value-added food categories to maintain healthier lifestyles, boosting the sales of fortified foods and beverages. Increasing awareness among people regarding strengthening their immunity to prevent risks of infections has compelled them to maintain healthy lifestyles and adopt proper dietary habits. Thus, all these factors are expected to drive the growth of this market across the globe.
In 2023, the Vitamins Segment to Dominate the Functional Ingredients Market
Based on type, the functional ingredients market is segmented into vitamins, proteins and amino acids, minerals, probiotics, prebiotics, botanical extracts, omega-3 & 6 fatty acids, fibers & specialty carbohydrates, and other functional ingredients. In 2023, the vitamins segment is expected to account for the largest share of the functional ingredients market. The large share of this segment is mainly attributed to the increasing demand for vitamins for fortification of food and beverages, animal feed, healthcare, and personal care products, the growing aging population, and the increasing prevalence of vitamin deficiencies. Moreover, the rising consumer awareness regarding the importance of maintaining a healthy lifestyle and the benefits of incorporating vitamins into their daily routines have also contributed to the growth of this segment. Furthermore, the expansion of the e-commerce sector and the ease of availability of vitamin-based supplements and products are further supporting the growth of this market across the globe.
However, the probiotics segment is projected to register the highest CAGR during the forecast period of 2023–2030 owing to the growing awareness about the health benefits of probiotics beyond digestive health, changing lifestyle and eating habits, and growing use of probiotics in animal feed. Additionally, rising health concerns such as digestive disorders and diarrhea, the growing aging population, and advancements in technology that have led to the development of innovative probiotic products are expected to further support the high growth of this market across the globe during the forecast period.
In 2023, the Naturally-sourced Functional Ingredients Segment to Dominate the Overall Functional Ingredients Market
Based on source, the global functional ingredients market is segmented into natural-sourced functional ingredients and synthetic-sourced functional ingredients. In 2023, the natural-sourced functional ingredients segment is expected to account for the larger share of the global functional ingredients market. The large market share of this segment is attributed to the increased consumer preferences for health-conscious and sustainable products and their concern about possible health risks and side effects associated with artificial food and synthetic chemicals.
Moreover, due to the rising imposition of stringent regulations and guidelines from regulatory bodies regarding the use of synthetic-sourced functional ingredients, this natural-sourced functional ingredients segment is further slated to register the highest CAGR during the forecast period.
In 2023, the Food Segment to Dominate the Overall Functional Ingredients Market
Based on application, the global functional ingredients market is segmented into food and beverages, pharmaceuticals, animal nutrition, and other applications. In 2023, the food and beverage segment is expected to account for the largest share of the global functional ingredients market. The large market share of this segment is mainly attributed to the growing demand for nutritional and fortifying food products and increasing consumer preferences for foods and beverages with functional ingredients to lower the risk of specific health concerns, such as obesity, weight loss, diabetes, and cardiovascular diseases. Moreover, based on type, the global functional ingredients market for food is further segmented into dairy products, bakery and confectionery, snacks, infant food, and other food applications; and for beverage is into energy drinks, sports drinks, fortified juices, dairy-based beverages, and other beverages.
North America: The Dominating Regional Market for Functional Ingredients
Based on geography, the functional ingredients market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the global functional ingredients market, followed by Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The large share of this market is primarily attributed to increased awareness of the health benefits of functional ingredients, the well-established food and beverage industry, the presence of a large number of established food and beverage players, growing demand for clean-label foods, and advancements in nutrition and food technology. In addition, the growing trend of personalized nutrition and the rising prevalence of chronic diseases in the region is further expected to drive the demand for functional ingredients in North America during the forecast period.
However, the market in Asia-Pacific is slated to register the highest CAGR during the forecast period of 2023–2030 owing to the rapidly growing population, increasing awareness about the health benefits of functional ingredients, rapidly growing urbanization, and changing dietary preferences towards healthier and functional food products, rising disposable incomes, growing health concerns like diabetes and obesity, and the rising health and wellness trends in the region. Further, the growing demand for compound feed for animal nutrition is expected to support the growth of this market in the region during the forecast period.
Scope of the Report:
Functional Ingredients Market Assessment, by Type
Functional Ingredients Market Assessment, by Source
Functional Ingredients Market Assessment, by Application
Functional Ingredients Market Assessment, by Geography
Key Questions Answered in the Report:
Functional ingredients are bioactive compounds that enhance nutritional value and provide health-related advantages. These ingredients are typically derived from natural and synthetic sources to promote health and well-being. These include vitamins, protein and amino acids, minerals, probiotics, prebiotics, botanical extracts, omega-3 & 6 fatty acids, fibers & specialty carbohydrates, and other functional ingredients (carotenoids, plant extracts, and antioxidants). Functional ingredients are used in various applications such as food and beverage, pharmaceutical, animal nutrition, and other applications. The functional ingredients market has grown significantly due to increasing consumer preference for health-conscious products, clean label trends, and a focus on preventive healthcare. The study primarily focuses on the market size, which includes the revenue generated by functional ingredients producer/manufacturer companies through the sale of these functional ingredients for commercial applications, such as food and beverage, pharmaceuticals, animal feed, and other applications.
The functional ingredients market study provides valuable insights into the market size and forecast in terms of both value and volume by ingredient type and country/region. However, the functional ingredients market study provides valuable insights and market size and forecast only in terms of value for segmentation based on source and application.
The functional ingredients market is projected to reach $186.75 billion by 2030, at a CAGR of 7.6% during the forecast period 2023–2030.
Based on source, the naturally sourced functional ingredients segment is projected to record the highest growth rate during the forecast period of 2023–2030.
o Rising Demand for Functional Ingredients in the Food and Beverage Sector
o Growing Health and Wellness Trend
o Increasing Demand for Healthy & Nutrition-rich Diets
o Rising Incidences of Chronic Diseases
o Increasing Demand for Compound Feed
o Stringent Government Regulations & Guidelines
o High Prices of Functional Ingredients
The key players operating in the global functional ingredients market are Archer-Daniels-Midland Company (U.S.), Arla Foods amba (Denmark), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), Cargill, Incorporated (U.S.), International Flavors & Fragrances Inc. (U.S.), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), Koninklijke DSM N.V. (Netherlands), Glanbia plc. (Ireland), Roquette Frères S.A. (France), and Tate & Lyle Plc (U.K.).
Asia-Pacific is projected to record the highest growth rate during the forecast period of 2023–2030. The growth of this regional market is attributed to the growing awareness about the health benefits of functional ingredients, rapidly growing urbanization and increasing demand for functional food and beverages, rising disposable incomes, growing health concerns like diabetes and obesity, and rising health and wellness trends in the region. Further, the growing livestock industry and increasing demand for compound feed for animal nutrition are expected to support the growth of this market in Asia-Pacific during the forecast period.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency & Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segment Analysis
3.2.1. Functional Ingredients Market Analysis, by Type
3.2.2. Functional Ingredients Market Analysis, by Source
3.2.3. Functional Ingredients Market Analysis, by Application
3.3. Regional Analysis
3.4. Key Players
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Rising Demand for Functional Ingredients in the Food and Beverage Sector
4.2.1.2. Growing Health and Wellness Trend
4.2.1.3. Increasing Demand for Healthy and Nutrition-rich Diets
4.2.1.4. Rising Incidences of Chronic Diseases
4.2.1.5. Increasing Demand for Compound Feed
4.2.2. Restraints
4.2.2.1. Stringent Government Regulations and Guidelines
4.2.2.1. High Prices of Functional Ingredients
4.2.3. Opportunities
4.2.3.1. Increased Investment and Expansions in the Functional Food and Beverages Industry
4.2.4. Trends
4.2.4.1. Growing Demand for Natural, Organic, and Clean-label Ingredients
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of Substitutes
4.3.4. Threat of New Entrants
4.3.5. Degree of Competition
5. Functional Ingredients Market Assessment—by Type
5.1. Overview
5.2. Vitamins
5.3. Protein and Amino Acids
5.4. Minerals
5.5. Probiotics
5.6. Prebiotics
5.7. Botanical Extracts
5.8. Omega-3 & 6 Fatty Acids
5.9. Fibers & Specialty Carbohydrates
5.10. Other Functional Ingredients
6. Functional Ingredients Market Assessment—by Source
6.1. Overview
6.2. Natural-sourced Functional Ingredients
6.3. Synthetic-sourced Functional Ingredients
7. Functional Ingredients Market Assessment—by Application
7.1. Overview
7.2. Food and Beverage
7.2.1. Food
7.2.1.1. Dairy Products
7.2.1.2. Bakery & Confectionery
7.2.1.3. Snacks
7.2.1.4. Infant Food
7.2.1.5. Other Food Applications
7.2.2. Beverage
7.2.2.1. Energy Drinks
7.2.2.2. Sports Drinks
7.2.2.3. Fortified Juices
7.2.2.4. Dairy-based Beverages
7.2.2.5. Other Beverages
7.3. Pharmaceuticals
7.4. Animal Nutrition
7.5. Other Applications
8. Functional Ingredients Market Assessment—by Geography
8.1. Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Asia-Pacific
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. Australia
8.3.5. South Korea
8.3.6. Rest of Asia-Pacific
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. U.K.
8.4.4. Italy
8.4.5. Spain
8.4.6. Rest of Europe
8.5. Latin America
8.5.1. Brazil
8.5.2. Mexico
8.5.3. Argentina
8.5.4. Rest of Latin America
8.6. Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
9.5. Market Share Analysis, by the Key Player/Key Market Ranking, 2022
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. Archer-Daniels-Midland Company
10.2. Arla Foods amba
10.3. BASF SE
10.4. Cargill, Incorporated
10.5. Chr. Hansen Holding A/S
10.6. Glanbia plc.
10.7. Ingredion Incorporated
10.8. International Flavors & Fragrances Inc.
10.9. Kerry Group plc
10.10. Koninklijke DSM N.V.
10.11. Roquette Frères S.A.
10.12. Tate & Lyle Plc
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Global Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 2 Global Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 3 Global Protein and Amino Acids Market, by Country/Region, 2021–2030 (USD Million)
Table 4 Global Protein and Amino Acids Market, by Country/Region, 2021–2030 (Tons)
Table 5 Global Vitamins Market, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Vitamins Market, by Country/Region, 2021–2030 (Tons)
Table 7 Global Minerals Market, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Minerals Market, by Country/Region, 2021–2030 (Tons)
Table 9 Global Probiotics Market, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Probiotics Market, by Country/Region, 2021–2030 (Tons)
Table 11 Global Prebiotics Market, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Prebiotics Market, by Country/Region, 2021–2030 (Tons)
Table 13 Global Botanical Extracts Market, by Country/Region, 2021–2030 (USD Million)
Table 14 Global Botanical Extracts Market, by Country/Region, 2021–2030 (Tons)
Table 15 Global Omega-3 & 6 Fatty Acids Market, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Omega-3 & 6 Fatty Acids Market, by Country/Region, 2021–2030 (Tons)
Table 17 Global Fibers & Specialty Carbohydrates Market, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Fibers & Specialty Carbohydrates Market, by Country/Region, 2021–2030 (Tons)
Table 19 Global Other Functional Ingredients Market, by Country/Region, 2021–2030 (USD Million)
Table 20 Global Other Functional Ingredients Market, by Country/Region, 2021–2030 (Tons)
Table 21 Global Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 22 Global Natural-sourced Functional Ingredients Market, by Country/Region, 2021–2030 (USD Million)
Table 23 Global Synthetic-sourced Functional Ingredients Market, by Country/Region, 2021–2030 (USD Million)
Table 24 Global Functional Ingredients Market, by Application, 2021 –2030 (USD Million)
Table 25 Global Functional Ingredients Market for Food and Beverage, by Type, 2021 –2030 (USD Million)
Table 26 Global Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 27 Global Functional Ingredients Market for Food, by Country/Region, 2021–2030 (USD Million)
Table 28 Global Functional Ingredients Market for Dairy Products, by Country/Region, 2021–2030 (USD Million)
Table 29 Global Functional Ingredients Market for Bakery & Confectionery, by Country/Region, 2021–2030 (USD Million)
Table 30 Global Functional Ingredients Market for Snacks, by Country/Region, 2021–2030 (USD Million)
Table 31 Global Functional Ingredients Market for Infant Food, by Country/Region, 2021–2030 (USD Million)
Table 32 Global Functional Ingredients Market for Other Food Applications, by Country/Region, 2021–2030 (USD Million)
Table 33 Global Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 34 Global Functional Ingredients Market for Beverage, by Country/Region, 2021–2030 (USD Million)
Table 35 Global Functional Ingredients Market for Energy Drinks, by Country/Region, 2021–2030 (USD Million)
Table 36 Global Functional Ingredients Market for Sports Drinks, by Country/Region, 2021–2030 (USD Million)
Table 37 Global Functional Ingredients Market for Fortified Juices, by Country/Region, 2021–2030 (USD Million)
Table 38 Global Functional Ingredients Market for Dairy-based Beverage, by Country/Region, 2021–2030 (USD Million)
Table 39 Global Functional Ingredients Market for Other Beverage, by Country/Region, 2021–2030 (USD Million)
Table 40 Global Functional Ingredients Market for Pharmaceuticals, by Country/Region, 2021–2030 (USD Million)
Table 41 Global Functional Ingredients Market for Animal Nutrition, by Country/Region, 2021–2030 (USD Million)
Table 42 Global Functional Ingredients Market for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 43 North America: Functional Ingredients Market, by Country, 2021–2030 (USD Million)
Table 44 North America: Functional Ingredients Market, by Country, 2021–2030 (Tons)
Table 45 North America: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 46 North America: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 47 North America: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 48 North America: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 49 North America: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 50 North America: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 51 North America: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 52 U.S.: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 53 U.S.: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 54 U.S.: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 55 U.S.: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 56 U.S.: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 57 U.S.: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 58 U.S.: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 59 Canada: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 60 Canada: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 61 Canada: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 62 Canada: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 63 Canada: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 64 Canada: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 65 Canada: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 66 Asia-Pacific: Functional Ingredients Market, by Country, 2021–2030 (USD Million)
Table 67 Asia-Pacific: Functional Ingredients Market, by Country, 2021–2030 (Tons)
Table 68 Asia-Pacific: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 69 Asia-Pacific: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 70 Asia-Pacific: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 71 Asia-Pacific: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 72 Asia-Pacific: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 73 Asia-Pacific: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 74 Asia-Pacific: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 75 China: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 76 China: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 77 China: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 78 China: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 79 China: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 80 China: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 81 China: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 82 India: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 83 India: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 84 India: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 85 India: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 86 India: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 87 India: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 88 India: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 89 Japan: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 90 Japan: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 91 Japan: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 92 Japan: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 93 Japan: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 94 Japan: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 95 Japan: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 96 Australia: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 97 Australia: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 98 Australia: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 99 Australia: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 100 Australia: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 101 Australia: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 102 Australia: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 103 South Korea: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 104 South Korea: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 105 South Korea: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 106 South Korea: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 107 South Korea: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 108 South Korea: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 109 South Korea: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 110 Rest of Asia-Pacific: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 111 Rest of Asia-Pacific: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 112 Rest of Asia-Pacific: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 113 Rest of Asia-Pacific: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 114 Rest of Asia-Pacific: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 115 Rest of Asia-Pacific: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 116 Rest of Asia-Pacific: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 117 Europe: Functional Ingredients Market, by Country, 2021–2030 (USD Million)
Table 118 Europe: Functional Ingredients Market, by Country, 2021–2030 (Tons)
Table 119 Europe: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 120 Europe: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 121 Europe: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 122 Europe: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 123 Europe: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 124 Europe: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 125 Europe: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 126 Germany: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 127 Germany: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 128 Germany: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 129 Germany: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 130 Germany: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 131 Germany: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 132 Germany: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 133 France: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 134 France: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 135 France: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 136 France: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 137 France: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 138 France: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 139 France: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 140 U.K.: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 141 U.K.: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 142 U.K.: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 143 U.K.: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 144 U.K.: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 145 U.K.: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 146 U.K.: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 147 Italy: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 148 Italy: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 149 Italy: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 150 Italy: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 151 Italy: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 152 Italy: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 153 Italy: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 154 Spain: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 155 Spain: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 156 Spain: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 157 Spain: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 158 Spain: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 159 Spain: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 160 Spain: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 161 Rest of Europe: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 162 Rest of Europe: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 163 Rest of Europe: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 164 Rest of Europe: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 165 Rest of Europe: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 166 Rest of Europe: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 167 Rest of Europe: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 168 Latin America: Functional Ingredients Market, by Country, 2021–2030 (USD Million)
Table 169 Latin America: Functional Ingredients Market, by Country, 2021–2030 (Tons)
Table 170 Latin America: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 171 Latin America: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 172 Latin America: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 173 Latin America: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 174 Latin America: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 175 Latin America: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 176 Latin America: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 177 Brazil: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 178 Brazil: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 179 Brazil: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 180 Brazil: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 181 Brazil: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 182 Brazil: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 183 Brazil: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 184 Mexico: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 185 Mexico: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 186 Mexico: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 187 Mexico: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 188 Mexico: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 189 Mexico: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 190 Mexico: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 191 Argentina: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 192 Argentina: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 193 Argentina: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 194 Argentina: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 195 Argentina: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 196 Argentina: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 197 Argentina: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 198 Rest of Latin America: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 199 Rest of Latin America: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 200 Rest of Latin America: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 201 Rest of Latin America: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 202 Rest of Latin America: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 203 Rest of Latin America: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 204 Rest of Latin America: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 205 Middle East & Africa: Functional Ingredients Market, by Type, 2021–2030 (USD Million)
Table 206 Middle East & Africa: Functional Ingredients Market, by Type, 2021–2030 (Tons)
Table 207 Middle East & Africa: Functional Ingredients Market, by Source, 2021–2030 (USD Million)
Table 208 Middle East & Africa: Functional Ingredients Market, by Application, 2021–2030 (USD Million)
Table 209 Middle East & Africa: Functional Ingredients Market for Food and Beverage, by Type, 2021–2030 (USD Million)
Table 210 Middle East & Africa: Functional Ingredients Market for Food, by Type, 2021–2030 (USD Million)
Table 211 Middle East & Africa: Functional Ingredients Market for Beverage, by Type, 2021–2030 (USD Million)
Table 212 Recent Developments, by Company (2020–2023)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources Referenced for This Study
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 7 Market Sizing and Growth Forecast
Figure 8 In 2023, the Vitamins Segment to Dominate the Overall Functional Ingredients Market
Figure 9 In 2023, the Natural-sourced Functional Ingredients Segment to Dominate the Overall Functional Ingredients Market
Figure 10 In 2023, the Food and Beverage Segment to Dominate the Overall Functional Ingredients Market
Figure 11 North America to Dominate the Functional Ingredients Market in 2023
Figure 12 Factors Affecting Market Growth
Figure 13 Global Functional Ingredients Market, by Type, 2023 Vs. 2030 (USD Million)
Figure 14 Global Functional Ingredients Market, by Type, 2023 Vs. 2030 (Tons)
Figure 15 Global Functional Ingredients Market, by Source, 2023 Vs. 2030 (USD Million)
Figure 16 Global Functional Ingredients Market, by Application, 2023 Vs. 2030 (USD Million)
Figure 17 Global Functional Ingredients Market for Food, by Type, 2023 Vs. 2030 (USD Million)
Figure 18 Global Functional Ingredients Market for Beverages, by Type, 2023 Vs. 2030 (USD Million)
Figure 19 Global Functional Ingredients Market, by Region, 2023 Vs. 2030 (USD Million)
Figure 20 North America: Functional Ingredients Market Snapshot, 2023
Figure 21 Europe: Functional Ingredients Market Snapshot, 2023
Figure 22 Asia-Pacific: Functional Ingredients Market Snapshot, 2023
Figure 23 Latin America: Functional Ingredients Market Snapshot, 2023
Figure 24 Middle East and Africa: Functional Ingredients Market Snapshot, 2023
Figure 25 Key Growth Strategies Adopted by Leading Players (2020–2023)
Figure 26 Competitive Dashboard: Global Functional Ingredients Market
Figure 27 Global Functional Ingredients Market Competitive Benchmarking, by Type
Figure 28 Archer-Daniels-Midland Company: Financial Overview (2022)
Figure 29 Arla Foods amba: Financial Overview (2022)
Figure 30 BASF SE: Financial Overview (2022)
Figure 31 Cargill, Incorporated: Financial Overview (2023)
Figure 32 Chr. Hansen Holding A/S: Financial Overview (2022)
Figure 33 Glanbia plc.: Financial Overview (2022)
Figure 34 Ingredion Incorporated: Financial Overview (2022)
Figure 35 International Flavors & Fragrances Inc.: Financial Overview (2022)
Figure 36 Kerry Group plc: Financial Overview (2022)
Figure 37 Koninklijke DSM N.V.: Financial Overview (2022)
Figure 38 Roquette Frères S.A.: Financial Overview (2022)
Figure 39 Tate & Lyle Plc: Financial Overview (2023)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jun-2023
Published Date: Apr-2023
Published Date: Jan-2023
Published Date: Nov-2022
Published Date: Sep-2021
