Functional Food Ingredients Market 2023: Revenue Analysis, Growth, Trends, Forecast 2032

Functional Food Ingredients Market Definition

Functional food ingredients are bioactive compounds or ingredients used in manufacturing functional food products. The ingredients in functional foods provide health benefits, and some of them include supplements or other additives.

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Functional Food Ingredients Market Characteristics

The global functional food ingredients market size grew from $102.13 billion in 2022 to $111.12 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The functional food ingredients market size is expected to grow to $156.98 billion in 2027 at a CAGR of 9.0%.

Functional Food Ingredients Market Segments

The report covers the functional food ingredients market’s segments-

By Type By Source By Application

Probiotics And Prebiotics, Carotenoids, Dietary Fibers, Fatty Acids, Vitamins, Minerals, Others

Natural Synthetic Beverages, Dairy

Products, Infant Food, Bakery And Confectionery, Others

Major companies in the market include

Key Market Players

Cargill

Archer Daniels Midland

DuPont Nutrition & Biosciences

Arla Foods

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