Global Functional Food Ingredients Market 2018-2022 | Growth Analysis and Forecast | Technavio
LONDON--(BUSINESS WIRE)--Dec 28, 2018--The global functional food ingredients market research report by predicts the market to post a CAGR of close to 7% during the period 2018-2022.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181228005182/en/
Technavio predicts the global functional food ingredients market to post a CAGR of close to 7% by 2022. (Graphic: Business Wire)
A key driver for the global functional food ingredients market is the increased demand for functional food ingredients from probiotics segment. Probiotics are the largest product segment in the global functional food ingredients market. This segment could continue to retain its market share during the forecast period as consumers prefer a more balanced diet, which can not only take care of their appetite but also offer nutritional benefits.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growth of packaged food and beverage industry as one of the key trends in the global functional food ingredients market:
Global functional food ingredients market: Growth of packaged food and beverage industry
The rise in disposable income and change in food habits have resulted in a high requirement for packaged food products, mostly in North America and Europe. The demand for packaged products has been growing primarily due to increased health and hygiene concerns. Therefore, the significant growth of the packaged food and beverage industry will prove to be an opportunity for the global functional food ingredients market.
“Natural functional food ingredients prevent staling and discoloration and improve the foam structure and stability of packaged food products. Hence, the growth of the packaged food and beverage sector is anticipated to drive the growth of the global functional food ingredients market substantially during the forecast period due to its advantages and benefits,” says a senior analyst at Technavio for research on specialty chemicals.
Global functional food ingredients market: Segmentation analysis
This functional food ingredients market analysis report segments the market by product (probiotics and prebiotics, proteins and amino acid, dietary fibers, vitamins and minerals, omega-3 fatty acids, and others) and geography (the Americas, APAC, and EMEA).
The probiotics and prebiotics segment held the largest functional food ingredients market share in 2017, accounting for more than 33% of the market. This product segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with approximately 39% of the market share, followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20181228005182/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 12/28/2018 12:23 PM/DISC: 12/28/2018 12:22 PM