Due to the health benefits associated to functional food ingredients, the market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Functional food ingredients Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.

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The global functional food ingredients market has been divided into type, application, and region.

On the Basis Of Type: Carotenoids, Dietary Fibers, Minerals, Fatty Acids, Vitamins, and Prebiotics & Probiotics, and Others

Based on Application: Bakery & Cereals, Dairy Products, Frozen & Chilled Foods, Beverages, and Others

Based on Region: North America, Europe, Asia Pacific, and ROW.

The key players profiled in functional food ingredients market report are Cargill Incorporated (U.S.), Koninklijke DSM N.V. (The Netherlands), Associated British Food PLC (U.K.), E.I. Du Pont De Nemours & Company (U.S.), Tate & Lyle PLC (U.K.), BASF SE (Germany), Ingredion Incorporated (U.S.), Ajinomoto Co., Inc. (Japan), Kerry Group Plc (Ireland), Archer Daniels Midland Company (U.S.), and Arla Food (Denmark) among many others.

The global functional food ingredients market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, Asia Pacific is estimated to retain its dominance over the forecast period 2017-2023. This is attributed to the increasing awareness about the healthy food habits and increasing disposable income of consumers. North America is estimated to account for majority of the market share in the global functional food ingredients market in 2017, and it is projected to expand at a high pace during the review period.

Functional food offers extra micronutrients, which include vitamins, minerals, fatty acids, and other essential elements. They are the medicated foods, which helps to enhance immunity systems and minimizes the chances of chronic diseases such as diabetes, cardiac diseases, cancer, obesity, and others. Therefore, the associated health benefits of functional food ingredients have propelled the growth of the market.

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January 31, 2018 Market research future published a Half-cooked research report on Global Functional Food Ingredients Market.