The report published on global Functional Ingredients Market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Functional Ingredients Market offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.
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The global Functional Ingredients market size was USD 93.20 Billion in 2020 and is expected to register a revenue CAGR of 6.7% during the forecast period. Rising consumer inclination towards healthy and nutritious diet and increasing innovation in new functional ingredients are factors expected to drive market revenue growth during the forecast period. Rising adoption of safe and sustainable Functional Ingredients and growing demand for label-friendly and natural food colorants are some other factors expected to boost market revenue growth during the forecast period. Functional Ingredients are substances that are added in food to provide desired effects. Functional Ingredients provide convenience and allow food manufacturers to produce a wide range of foods that are appetizing, nutritious, uniform, and tasty. Rising consumer preference for healthy and nutritious diet is increasing demand for Functional Ingredients, which in turn, is expected to boost their adoption in near future.
The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Functional Ingredients Market is expected to rise in the coming years.
Major Companies:
Cargill, Incorporated, Gelita AG, International Flavors & Fragrances, Inc., Symrise AG, Givaudan, Kerry Group, Archer Daniels Midland Company, Hermes Sweeteners Ltd., Corbion N.V., and Tate & Lyle Plc.
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Type Outlook:
- Vegetable Oils & fats
- Functional Ingredients
- Natural Flavorings & colors
- Enzymes & Antioxidants
- Functional Ingredients
- Others
Application Outlook:
- Chocolates & Confectionery
- Bakery
- Frozen Foods
- Functional Foods
- Others
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Regional Outlook
For comprehensive understanding of market dynamics, the global Functional Ingredients Market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Functional Ingredients Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Functional Ingredients Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Functional Ingredients Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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