Functional Ingredients Market is expected to reach US$ 124.9 Bn. by 2029, at a CAGR of 7.02% during the forecast period.
Market Overview
The globally recognised market intelligence and business consulting firm has published a report on the Functional Ingredients market. The report consists of the description of key players and the most successful marketing tactics and strategies used by them and the analysis of the key drivers of the Functional Ingredients market. A high end analysis of the important market sectors and opportunities in the market is included in the report.
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Market Scope
The research looks at the forecasted data, revenues generated and the major events in the Functional Ingredients market. Leading analysts and industry specialists have scrutinised the data and the results. It also focuses on the key methods used by the well-known Functional Ingredients sector firms. The report identifies the future key trends that would influence the demand throughout the projected period. The research includes the micro and macro variables of the market and gives the factors that are propelling the Functional Ingredients market growth and impeding the Functional Ingredients market growth. Using analogical methodologies gives a good perspectives and deep insights of the market.
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Segmentation:
Growing urbanization and growing consumer preference for processed foods are driving the market for specialty food ingredients. However, consumers are aware of the use of food additives that strip products of their nutrients. This has opened the door for consumers who demand safe, quality products with a long shelf life. Consumers believe that the ingredients used to enhance the shelf life of processed foods use artificial ingredients and a high trans-fat content to make the product anti-nutritious. Increasing consumer awareness of the harmful effects of excessive salt consumption. Changing lifestyles and food consumption, combined with growth in the labor force, have increased the demand for processed and ready-to-use food products and should propel market growth over the forecast period. Innovations in R & D in food processing and intensive product use in emerging markets are expected to positively stimulate the Functional Ingredients Market.
Key Players:
• Cargill (US)
• Archer Daniels Midland Company (US)
• Koninklijke DSM N.V. (Netherlands)
• DowDuPont (US)
• BASF SE (Germany)
• Arla Foods (Denmark)
• Royal Cosun (Netherlands)
• Ingredion Incorporated (US)
• Arla Foods (Denmark)
• Tate & Lyle (US)
• Ajinomoto (Japan)
• Kerry Group (Ireland)
• BENEO (Germany)
• Chr. Hansen (Denmark)
• Kemin Industries (US)
• Roquette Frères (France)
• Ingredion Incorporated
• Golden Grain Group Limited
• FMC Corporation
• Omega Protein Corporation
• NutriBiotic
Regional Analysis
The regional analysis is provided in the MMR’s Functional Ingredients market report which gives the in depth analysis of the Functional Ingredients market specific region wise. Every region has different factors like political, geographic and economic, etc. which affects the market. Government’s local and regional developments plans also have diverse effects on the performance of the market. Each regions market is researched in depth for discovering the Functional Ingredients market trends constraints and growth potential.
Key Questions answered in the Functional Ingredients Market Report are:
Key offerings:
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Mar 08, 2023