The global functional food ingredients market is growing at a significant CAGR of around 6.5% during the forecast period (2019-2025). The market is driven by irregular diet patterns with a hectic work schedule, especially among working-class adults that result in a deficiency of nutritional levels. Other factors impacting the market growth positively include rising awareness campaign regarding preventive care and increasing consumer demand for functional food ingredients. Further, rising cases of undernourishment and malnutrition, especially in emerging economies spur the demand for functional food ingredients. Moreover, improper functioning of the digestive system results in a reduced level of vitamin and mineral content in human bodies that further increases the demand for vitamin supplements; thereby, surging the market growth.

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The increasing cases of life style-oriented diseases such as CVD, CHD, Rheumatic Arthritis, and other lingering diseases are boosting the global functional food ingredients market. According to the American College of Cardiology, CVD accounted for around 800,000 mortalities in 2017 in the US alone. Among Americans, an average of one person dies from CVD, every 40 seconds. According to the American Heart Association, the number of US citizens with CVD is projected to reach 131.2 million (45% of the total US population) by 2035. Such a wide presence of cardiac patients in the country augments the demand for healthy foods, which in turn, fuels the growth of the global functional food ingredients market. In addition, the availability of alternative sources for obtaining Omega-3 fatty acids is offering growth to the global market. Krill oil can be considered as one of the alternatives of fish oil to derive omega-3 from them. In addition, apart from krill oil, other oils such as algal oil, hemp oil, flaxseed oil and chia seed oil can also be used as source to obtain omega-3 products.

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Global Functional Food Ingredients Market Segmentation

By Product Type

Probiotics

Prebiotics & Dietary Fibers

Proteins & Amino Acids

Phytochemical &Plant Extracts

Omega-3 & 6 Fatty Acids

Others (Cartenoids)

By Source

Natural Source

Synthetic Source

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

ARCOMED AG

Atlanta Biomedical Corp.

Avanos Medical, Inc.

B. Braun Melsungen AG

Baxter International, Inc.

Becton, Dickinson and Co.

Chemyx Inc.

Fresenius Kabi AG

IRadimed Corp.

Ivenix, Inc.

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