The global multifunctional food ingredient market is poised for substantial growth, with projections indicating a valuation of USD 109.33 billion by 2024 and a further rise to USD 186.62 billion by 2034. This growth trajectory represents a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period. Consumers prefer humectants derived from natural sources …
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Multifunctional Food Ingredient Market to Reach US$ 186.62 Billion by 2034, Driven by 5.5% CAGR and Rising Demand for Enhanced Nutrition and Shelf Life
Multifunctional Food Ingredients Market The multifunctional food ingredient market is anticipated to achieve a valuation of US$ 109.33 billion in 2024, with projections to increase to US$ 186.62 billion by 2034. The forecast period is expected to witness a development at a CAGR of 5.5%. Consumers are demanding ingredients that provide basic nutrition and offer additional health benefits. In response to this …