What is Functional Food Ingredients Market?
A functional ingredient is a bioactive compound that can be used in the manufacture of functional food products. These bioactive compounds can be obtained from a variety of sources such as primary producers, marine sources, microorganisms, and inorganic raw materials. Functional ingredients may also be derived from food processing waste providing additional economic benefits to food businesses. Many of these functional ingredients can also be used for the preparation of nutraceuticals. Owing to benefit to the consumer beyond basic nutrition is booming the demand for the functional food ingredients market.
The market study is being classified by Type (Protein, Vitamin, Mineral and Other), by Application (Functional Food, Functional Drinks and Other) and major geographies with country level break-up.
Arla Foods (Denmark), BASF SE (Germany), Cargill (United States), Chr. Hansen (Denmark), Tate & Lyle (United Kingdom), Associated British Foods (United Kingdom), Ingredion (United States), DowDuPont (United States) and Archer Daniels Midland Company (United States) are some of the key players profiled in the study.
Functional food ingredients market, offering a comprehensive analysis of current and future market conditions of key players. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Functional Food Ingredients market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Functional Food Ingredients market by Type, Application and Region.
On the basis of geography, the market of Functional Food Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growth in the expenditure of Nutritive Convenience Food and Fortified Food
- Increasing Health Awareness Among the populace Leading to an Increased Consumption of Healthier Diets
- the importance of healthy living and nutrition among many consumers.
- Higher Cost for Functional Food Products Due to the Inclusion of Healthier Or Naturally Sourced Ingredients
- The Growth in foodborne diseases, the consumers are becoming more health-conscious and demand for natural food ingredients.
- Complexities Related to the Integration and Adulteration
Market Leaders and some development strategies
In February 2019 Glanbia acquire Watson's food ingredients company. Glanbia is a manufacturer and supplier of custom nutrient premix, bakery ingredient, and material conditioning solutions for the nutrition, food and beverage, personal care, and supplement industries.
"Federal Food, Drug, and Cosmetic Act of 1938 21 U.S.C. 321-392, as amended, To protect consumers from unsafe or deceptively labeled or packaged products by, prohibiting the movement in interstate commerce of adulterated or misbranded food,, drugs, devices, and cosmetics", "Under FALCPA, raw agricultural commodities (generally fresh fruits and vegetables) are exempt as are highly refined oils derived from one of the eight major food allergens and any ingredient derived from such highly refined oil. In addition, FALCPA provides mechanisms by which the manufacturer may request that a food ingredient may be exempt from and FALCPA's labeling requirements.). "
Key Target AudienceRaw material suppliers, Manufacturers, Food ingredient manufacturers, Food ingredient processors, Chemical industry, Regulatory bodies, Food and Drug Administration (FDA), United States Department of Agriculture (USDA) and European Food Safety Agency (EFSA
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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