The APAC functional food ingredients market is estimated to be valued at USD 4,138.7 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 8,141.5 Mn by 2032, rising at a CAGR of 7% for 2022-32.
Functional food ingredients have special abilities to add extra benefits to any food product, in the form of disease prevention or health promotion and are intended to provide benefits in terms of physiological effects and mitigate the risk of chronic diseases in addition to basic nutritional functions. They resemble conventional foods and can be taken as part of a regular diet.
In line with increasing incorporation into a variety of fortified F&B products such as fresh produce, packaged foods, dairy products, and functional beverages, functional food ingredients continue to solidify their position in the industry. Ascending sales of healthy or functional drinks is particularly benefiting the growth of functional food ingredients market in Asia Pacific (APAC). Set to surpass the value of US$ 3.5 Bn by 2019 end, APAC functional food ingredients market will witness a robust CAGR during 2019 – 2029.
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Know More About Report Inclusions
Future Market Insights, in its new offering, provides an unbiased analysis of the global functional food ingredients market, presenting functional food ingredients historical demand data (2014 – 2018), and functional food ingredients forecast statistics for the period of 2019 – 2029. The study divulges compelling insights on the functional food ingredients market based on ingredient type (minerals, vitamins, probiotics, prebiotic & dietary fiber, proteins, carotenoids, and omega-3 fatty acids), based on application (beverages, dairy & products, and bakery & confectionery).
Functional Food Ingredients Market Structure Analysis
- The functional food ingredients market is a fragmented market, and key players hold small shares in the market. This is a result of the different types of functional food ingredients manufactured by separate manufacturers. However, key players in the functional food ingredients market have a wide global presence.
- Established players in the APAC functional food ingredients market are expanding their production facilities, and are focusing on product innovation, which creates an intensely competitive landscape.
Market Segments Covered in APAC Functional Food Ingredients Industry Analysis
By Ingredient Type:
- Vitamins
- Minerals
- Prebiotic & Dietary Fibers
- Probiotics
- Carotenoids
- Proteins
- Omega-3 Fatty Acids
By Application:
- Beverages
- Dairy and Dairy-based Products
- Bakery and Confectionary
By Country:
- China
- India
- Japan
- ASEAN
- Australia and New Zealand
- South Korea
- Rest of APAC
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Key Questions Answered in the Report
What is the current market value of APAC functional food ingredients?
Currently APAC functional food ingredients market is worth more than USD 3,867.9 Mn.
What is the anticipated CAGR of the APAC functional food ingredients market in the forecast period?
APAC functional food ingredients market is expected to grow at a CAGR of around 7% during the period 2022-2032
What is the APAC functional food ingredients market outlook over the forecast period?
APAC functional food ingredients market is anticipated to reach a valuation of USD 8,141.5 Mn by 2032.
Who are the key manufacturers in the APAC functional food ingredients market?
Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, Arla Foods Ingredients Group P/S, E. I. DuPont De Nemours and Company, Kerry Group PLC, Corbion N.V, Tate & Lyle PLC, are the prominent players in the market.
Which are the countries contributing in the expansion of APAC functional food ingredients market?
The China, Japan, Australia and New Zealand are the major countries driving demand for APAC functional food ingredients.
What are the most common type of APAC functional food ingredients in the market?
The most common type of APAC functional food ingredients are vitamins, minerals, prebiotics, probiotics, etc.
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