Functional Ingredients Market Analysis by Segmentation, Competitors Analysis, Research Report By 2026 “Globally, the functional ingredients market is predicted to grow at CAGR of 5.9% in forecast period, providing numerous opportunity for market players to invest for research and development in the market.�
The global Functional Ingredients Market size is expected to value at USD 96.1 billion by 2026. The market is subject to witness a substantial growth due to the rising health consciousness along with the growing need for healthy and comfort foods. Functional ingredients are commonly termed as natural ingredients that consists of energy boosters, health enriching elements, and disease averting characteristics. Such advantages of functional ingredients are generating massive demand in food and beverage industry, thus boosting growth of the industry in coming years. Additionally, growing preference towards latest trends involving packaged food containing high content of vitamins, minerals, and natural extracts is augmenting growth of the market by creating a suitable environment for their regular use in foods and beverages industry. Globally, the functional ingredients market is predicted to grow at CAGR of 5.9% in forecast period, providing numerous opportunity for market players to invest for research and development in the market. Rising health awareness among consumers and changing food patterns across the globe are some of the key factors driving demand for the high nutrient content diet. Other factors responsible for driving growth of the functional ingredients industry are increasing personal expenditure, rise in urbanization and preference for fortified convenience foods with high nutritional content. Shifting focus towards food products with high nutritional content by younger population in their regular diet routine is propelling growth the market over the forecast period. Functional ingredients are proved to be vital for the treatment of obesity management.
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