Global Functional Food Ingredients Industry

Global Functional Food Ingredients Industry

  • May 2021 •
  • 421 pages •
  • Report ID: 6031653 •
  • Format: PDF
Abstract:

- Global Functional Food Ingredients Market to Reach US$126 Billion by the Year 2027

- Amid the COVID-19 crisis, the global market for Functional Food Ingredients estimated at US$75.6 Billion in the year 2020, is projected to reach a revised size of US$126 Billion by 2027, growing at a CAGR of 7.6% over the period 2020-2027.Natural, one of the segments analyzed in the report, is projected to grow at a 8.1% CAGR to reach US$77.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic segment is readjusted to a revised 6.8% CAGR for the next 7-year period. This segment currently accounts for a 40.6% share of the global Functional Food Ingredients market.

- The U.S. Accounts for Over 30.9% of Global Market Size in 2020, While China is Forecast to Grow at a 10.5% CAGR for the Period of 2020-2027

- The Functional Food Ingredients market in the U.S. is estimated at US$23.4 Billion in the year 2020. The country currently accounts for a 30.93% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$15.4 Billion in the year 2027 trailing a CAGR of 10.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 6.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR while Rest of European market (as defined in the study) will reach US$15.4 Billion by the year 2027.

- Select Competitors (Total 73 Featured)
  • Ajinomoto
  • Archer Daniels Midland Company
  • Arla Foods
  • BASF SE
  • Beneo
  • Cargill
  • CHR. Hansen
  • Dowdupont
  • Ingredion Incorporated
  • Kemin Industries
  • Kerry Group
  • Koninklijke DSM N.V.
  • Roquette Frères
  • Royal Cosun
  • Tate & Lyle