Functional Food Ingredients market is driven by rising incidence of chronic diseases
Functional Food Ingredients Market was worth USD 2230.8 million in 2018 and estimated to be growing at a CAGR of 6%, to reach USD 2985.31 million by 2023.
(EMAILWIRE.COM, October 27, 2018 ) Overview:
Functional ingredients refer to those natural ingredients which possess energy boosting, health promoting, and disease preventing properties. Due to the tremendous benefits offered by them, the demand for them in the global food and beverage industry has witnessed an upsurge in the last few years. The rising trend focusing on the reinforcement of foods with vitamins, minerals, and herbal extracts supports the market for functional ingredients and the resulting efforts to create a more conductive environment for their incorporation in foods and beverages.
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Drivers and Restraints:
Rising incidence of chronic diseases is driving the consumers shift towards healthier food. Increasing consumer interest and better understanding of the immunity of proper diet and food habits. Growing Disposable income and changing lifestyle patterns are the fostering the growth of the market. Augmenting Beverage and dairy industries and growing demand for bakery products. However Stringent government approvals, limited accessibility, and expensive nature are restricting the growth of the market.
To know more read: https://www.marketdataforecast.com/market-reports/functional-food-ingredients-market-7259/
Geographic Segmentation
Based on geography the Global Functional Food Ingredients Market primarily segmented into Europe, North America, Latin America, Middle East & Africa and North America. North America is leading the market regionally, due to high consumption and demand of fortified/functional as well as due to presence of a well-developed food industry. Asia Pacific is expected to grow the fastest owing to its increasing economy with a large population base ready to spend on functional food and rapidly growing consumer markets
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Major market players of the market are Archer Daniels Midland Company, Cargill, Incorporated, Koninklijke DSM N.V., BASF SE, Arla Foods, Tate and Lyle PLC, Ingredion Incorporated, Kerry Group PLC, E. I. Du Pont De Nemours and Company and Associated British Foods.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Functional ingredients refer to those natural ingredients which possess energy boosting, health promoting, and disease preventing properties. Due to the tremendous benefits offered by them, the demand for them in the global food and beverage industry has witnessed an upsurge in the last few years. The rising trend focusing on the reinforcement of foods with vitamins, minerals, and herbal extracts supports the market for functional ingredients and the resulting efforts to create a more conductive environment for their incorporation in foods and beverages.
View sample and decide: https://www.marketdataforecast.com/market-reports/functional-food-ingredients-market-7259/request-sample
Drivers and Restraints:
Rising incidence of chronic diseases is driving the consumers shift towards healthier food. Increasing consumer interest and better understanding of the immunity of proper diet and food habits. Growing Disposable income and changing lifestyle patterns are the fostering the growth of the market. Augmenting Beverage and dairy industries and growing demand for bakery products. However Stringent government approvals, limited accessibility, and expensive nature are restricting the growth of the market.
To know more read: https://www.marketdataforecast.com/market-reports/functional-food-ingredients-market-7259/
Geographic Segmentation
Based on geography the Global Functional Food Ingredients Market primarily segmented into Europe, North America, Latin America, Middle East & Africa and North America. North America is leading the market regionally, due to high consumption and demand of fortified/functional as well as due to presence of a well-developed food industry. Asia Pacific is expected to grow the fastest owing to its increasing economy with a large population base ready to spend on functional food and rapidly growing consumer markets
Get your customized report: https://www.marketdataforecast.com/market-reports/functional-food-ingredients-market-7259/customize-report
Major market players of the market are Archer Daniels Midland Company, Cargill, Incorporated, Koninklijke DSM N.V., BASF SE, Arla Foods, Tate and Lyle PLC, Ingredion Incorporated, Kerry Group PLC, E. I. Du Pont De Nemours and Company and Associated British Foods.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results