Functional Food Ingredients Market Size, Latest Trends, Key Segments, and Forecast
The global functional food ingredients market is valued at USD 119.2 billion in 2024 and is projected to grow at a CAGR of 6.8%, reaching USD 165.8 billion by 2029. This market is undergoing significant changes and innovations, driven by consumers’ desire for wholesome and sustainably sourced products that provide health benefits beyond basic nutrition. Functional food ingredients are essential...
The Surge of Functional Food Ingredients: A Growing Market Shaped by Health Consciousness
Introduction:
The global functional food ingredients market has experienced substantial growth, estimated at USD 98.9 billion in 2021 and projected to reach USD 137.1 billion by 2026. This upward trajectory, with a CAGR of 6.8%, reflects the increasing demand for functional food and beverage products that offer nutritive health benefits, disease prevention, and energy enhancement.
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Growing Health Awareness among Consumers to Drive the Demand for Functional Food Ingredients
The functional food ingredients market is estimated to be valued at USD 68.60 billion in 2018 and is projected to reach USD 94.21 billion by 2023, at a CAGR of 6.6%. Functional food ingredients play an important role in demonstrating specific physiological benefits, apart from the main nutritional benefits that are derived from food & beverages. The use of functional food ingredients in the manufacturing...
Improving Prospects for the Functional Food Ingredients Market
Functional food ingredients are defined as those ingredients that have been demonstrated to have specific physiological benefits, apart from the main nutritional benefits that are derived from food & beverages. The use of functional food ingredients in the manufacturing of functional food & beverage products is expected to provide nutritive health benefits, prevent/resist chronic diseases,...