In 2022, it is predicted that the Asia Pacific Functional Food Ingredients Market will be worth USD 4,138.7 Mn. According to Future Market Insights (FMI), the market as a whole is anticipated to increase at a CAGR of 7% from 2022 to 2032, reaching a worth of USD 8,141.5 Mn.
Functional food ingredients have special abilities to add extra benefits to any food product, in the form of disease prevention or health promotion and are intended to provide benefits in terms of physiological effects and mitigate the risk of chronic diseases in addition to basic nutritional functions. They resemble conventional foods and can be taken as part of a regular diet.
In line with increasing incorporation into a variety of fortified F&B products such as fresh produce, packaged foods, dairy products, and functional beverages, functional food ingredients continue to solidify their position in the industry. Ascending sales of healthy or functional drinks is particularly benefiting the growth of functional food ingredients market in Asia Pacific (APAC). Set to surpass the value of US$ 3.5 Bn by 2019 end, APAC functional food ingredients market will witness a robust CAGR during 2019 – 2029.
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Functional food ingredients market is estimated to account for 9.5% of the overall food ingredients market which is inferred to be valued at USD 43.5 Bn in the year 2022.
The digestive system is responsible for the absorption of vitamins and minerals from food and nutritional supplements. Therefore, maintaining the health of the digestive system plays a significant role in ensuring optimum nutrient intake, and in preventing deficiencies. Furthermore, immune cells are also concentrated in the gut region, and the presence of healthy microbiota is necessary for the body.
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Future Market Insights, in its new offering, provides an unbiased analysis of the global functional food ingredients market, presenting functional food ingredients historical demand data (2014 – 2018), and functional food ingredients forecast statistics for the period of 2019 – 2029. The study divulges compelling insights on the functional food ingredients market based on ingredient type (minerals, vitamins, probiotics, prebiotic & dietary fiber, proteins, carotenoids, and omega-3 fatty acids), based on application (beverages, dairy & products, and bakery & confectionery).
Functional Food Ingredients Market Structure Analysis
- The functional food ingredients market is a fragmented market, and key players hold small shares in the market. This is a result of the different types of functional food ingredients manufactured by separate manufacturers. However, key players in the functional food ingredients market have a wide global presence.
- Established players in the APAC functional food ingredients market are expanding their production facilities, and are focusing on product innovation, which creates an intensely competitive landscape.
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Market Segments Covered in APAC Functional Food Ingredients Industry Analysis
By Ingredient Type:
- Vitamins
- Minerals
- Prebiotic & Dietary Fibers
- Probiotics
- Carotenoids
- Proteins
- Omega-3 Fatty Acids
By Application:
- Beverages
- Dairy and Dairy-based Products
- Bakery and Confectionary
By Country:
- China
- India
- Japan
- ASEAN
- Australia and New Zealand
- South Korea
- Rest of APAC
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