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Functional Food Ingredients Market by Type, Source, Application And Region - Global Forecast to 2026

Functional Food Ingredients Market by Type, Source, Application And Region - Global Forecast to 2026

  • Publish Date:July 2021

  • Number of Pages:327

  • Report ID:3087082

  • Format:PDF

  • Publisher:MarketsandMarkets

$ 4950

Summary

The functional food ingredients market is estimated at USD 98.9 billion in 2021 and is projected to grow at a CAGR of 6.8% to reach USD 137.1 billion by 2026. The growth in the functional food ingredients market is attributed to the growing health awareness among consumers, leading to an increase in the adoption of healthier diets. Food safety concerns & adherence to stringent international quality standards and regulations restrain the growth of the functional food ingredients market.
The market for prebiotics, by type, is projected to witness the fastest growth in the market during the forecast period."
Prebiotics are generally defined as non-digestible food ingredients that beneficially affect the host by selectively stimulating the growth.It also stimulates the growth activity of one or a limited number of bacterial species already established in the colon and thus improve the host’s health.

The most common type of prebiotic is soluble dietary fiber inulin and others (oligofructose, inulin, and polydextrose).As these ingredients help manage weight, sharpen mental faculties, and improve infant health, these products tend to be sought after by younger consumers.

The market for prebiotics in food is growing rapidly. According to a report on the world prebiotics market by the National Center for Biotechnology Information, US, published in 2015, there were over 400 prebiotic food products and more than 20 companies producing oligosaccharides and fibers used as prebiotics.

The natural source segment dominated the functional food ingredients market in 2020.
Functional food ingredients are most widely sourced from natural sources.Most companies in the functional food ingredients offer products sourced from natural sources.

Various studies have indicated that different kinds of food wastes obtained from fruits, vegetables, cereal, and other food processing industries can be used as a potential source of bioactive compounds and nutraceuticals, which have significant applications in treating various ailments. Different secondary metabolites, minerals, and vitamins have been extracted from food waste using various extraction approaches.

The infant food segment dominated the functional food ingredients market in the food application.
The market for infant food is estimated to account for the largest share of the food segment of the functional food ingredients market.Infant food promotes and improves the healthy growth & development of infants and thus, accounts for significant consumption of functional food ingredients.

According to the World Health Organization (WHO), in 2019, about 45% of all child deaths (around 3.1 million child deaths annually) are attributed to malnutrition. Functional food ingredient addition to infant formula ensures the availability of the above-mentioned proteins, lipids, vitamins, and minerals to the infant in their growth years.

European market is driven by consumer demand for a wide range of food products with functional benefits such as gut health, bone health, immunity, and heart health”.

Europe accounted for a share of about 30.9% in the global functional food ingredients market in 2020 in terms of value. Although the market in the region has been growing at a slower pace in comparison to all the geographic regions, the market for functional food & beverages is estimated to be positioned only second to North America. Over the years, the region has become highly aware of other non-nutritive biologically active compounds in food products, apart from the generalized vitamins and minerals. This has not only lead to many more consumers becoming aware of the benefits associated with the consumption of functional food & beverages but also to many manufacturers of functional food ingredients investing in the region to develop newer functional food products. The region had also launched a new functional food network for the European food industry to enable innovations in the field.

Break-up of Primaries:
• By Company Type: Tier 1 - 23 %, Tier 2 - 30%, and Tier 3 - 47%
• By Designation: D-Level - 36%, C-Level - 24%, and Others* - 40%
• By Region: Asia Pacific – 45%, North America - 20%, Europe - 30%, Middle East & Africa – 5%

*Others include sales managers, marketing managers, and product managers.

Leading players profiled in this report:
• Cargill, Incorporated (US)
• BASF SE (Germany)
• Archer Daniels Midland Company (US)
• DuPont (US)
• Arla Foods (Denmark)
• Kerry Group (Ireland)
• Ajinomoto Co., Inc. (Japan)
• Koninklijke DSM N.V. (Netherlands)
• Ingredion Incorporated (US)
• Tate & Lyle PLC (UK)
• Chr. Hansen Holding A/S (Denmark)
• Kemin Industries, Inc. (US)
• BENEO (Germany)
• Royal Cosun (Netherland)
• Roquette Frères (France)
• Soylent (US)
• A&B Ingredients (US)
• Golden Grain Group Limited (China)
• Sugarlogix (US)
• Stratum Nutrition (US)

Research Coverage:
The report segments the functional food ingredients market on the basis of by type, by health benefits, by application, by source; region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global functional food ingredients, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:
• To get a comprehensive overview of the functional food ingredients market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions in which the functional food ingredients market is flourishing

Table of contents


1 INTRODUCTION 29
1.1 OBJECTIVES OF THE STUDY 29
1.2 MARKET DEFINITION 30
1.3 STUDY SCOPE 30
FIGURE 1 MARKET SEGMENTATION 30
1.3.1 INCLUSIONS AND EXCLUSIONS 31
1.4 REGIONS COVERED 32
1.5 PERIODIZATION CONSIDERED 32
1.6 CURRENCY CONSIDERED 33
TABLE 1 USD EXCHANGE RATES, 2016-2020 33
1.7 VOLUME UNIT CONSIDERED 33
1.8 STAKEHOLDERS 34
1.9 SUMMARY OF CHANGES 34

2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 2 FUNCTIONAL FOOD INGREDIENTS MARKET: RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 37
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 37
2.1.2.1 Key industry insights 38
2.1.2.2 Breakdown of primary interviews 38
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION 38
2.2 MARKET SIZE ESTIMATION 39
FIGURE 4 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE ESTIMATION: SUPPLY SIDE (1/2) 40
FIGURE 5 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE ESTIMATION: SUPPLY SIDE (2/2) 40
FIGURE 6 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE ESTIMATION: DEMAND SIDE 41
2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 42
FIGURE 7 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 42
2.2.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 43
FIGURE 8 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 43
2.3 DATA TRIANGULATION 44
FIGURE 9 DATA TRIANGULATION 44
2.4 ASSUMPTIONS FOR THE STUDY 45
2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS 46
2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19 46
2.6.1 SCENARIO-BASED MODELLING 47
2.7 COVID-19 HEALTH ASSESSMENT 47
FIGURE 10 COVID-19: GLOBAL PROPAGATION 47
FIGURE 11 COVID-19 PROPAGATION: SELECT COUNTRIES 48
2.8 COVID-19 ECONOMIC ASSESSMENT 49
FIGURE 12 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 49
2.8.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 50
FIGURE 13 CRITERIA IMPACTING THE GLOBAL ECONOMY 50
FIGURE 14 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 51

3 EXECUTIVE SUMMARY 53
TABLE 2 FUNCTIONAL FOOD INGREDIENTS MARKET SNAPSHOT, 2021 VS. 2026 53
FIGURE 15 IMPACT OF COVID-19 ON THE FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY SCENARIO, 2020 VS. 2021 (USD MILLION) 54
FIGURE 16 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION) 55
FIGURE 17 FUNCTIONAL FOOD INGREDIENTS MARKET SHARE (VALUE), BY SOURCE, 2021 VS. 2026 56
FIGURE 18 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2021 VS. 2026 (USD MILLION) 56
FIGURE 19 FUNCTIONAL FOOD INGREDIENTS MARKET SHARE (VALUE), BY REGION, 2020 57

4 PREMIUM INSIGHTS 58
4.1 ATTRACTIVE OPPORTUNITIES IN THE FUNCTIONAL FOOD INGREDIENTS MARKET 58
FIGURE 20 GROWING HEALTH AWARENESS AMONG CONSUMERS TO DRIVE THE DEMAND FOR FUNCTIONAL FOOD INGREDIENTS 58
4.2 FUNCTIONAL FOOD INGREDIENTS MARKET, BY KEY COUNTRY 59
FIGURE 21 BRAZIL & INDIA ARE PROJECTED TO BE THE FASTEST-GROWING MARKETS DURING THE FORECAST PERIOD 59
4.3 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET, BY KEY TYPE & COUNTRY 60
FIGURE 22 PROBIOTICS ACCOUNTED FOR THE LARGEST SHARE OF THE NORTH AMERICAN MARKET IN 2020 60
4.4 FUNCTIONAL FOOD INGREDIENTS MARKET, BY APPLICATION & REGION 60
FIGURE 23 NORTH AMERICA TO DOMINATE THE MARKET ACROSS ALL APPLICATIONS IN 2020 60
4.5 FUNCTIONAL FOOD INGREDIENTS MARKET, BY SOURCE & REGION 61
FIGURE 24 NATURAL SOURCE TO BE THE FASTER-GROWING SEGMENT DURING THE FORECAST PERIOD 61
4.6 COVID-19 IMPACT ON THE FUNCTIONAL FOOD INGREDIENTS MARKET 61
FIGURE 25 CHART OF PRE- & POST-COVID SCENARIOS IN THE FUNCTIONAL FOOD INGREDIENTS MARKET 61

5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MACROECONOMIC INDICATORS 63
5.2.1 DEVELOPMENT IN THE RETAIL INDUSTRY 63
FIGURE 26 INDIA: RETAIL MARKET SIZE, 2021 (USD BILLION) 63
FIGURE 27 AUSTRALIA: RETAIL SALES OF FUNCTIONAL AND FORTIFIED FOOD PRODUCTS, 2018-2022 (USD MILLION) 64
FIGURE 28 INDIA: ONLINE RETAIL MARKET SIZE, 2021 (USD BILLION) 64
5.2.2 RISE IN THE NUMBER OF DUAL-INCOME HOUSEHOLDS 64
FIGURE 29 US: EMPLOYMENT STATUS OF PARENTS WITH OWN CHILDREN OF UNDER 18 YEARS, 2020 65
5.3 MARKET DYNAMICS 65
FIGURE 30 MARKET DYNAMICS: FUNCTIONAL FOOD INGREDIENTS MARKET 65
5.3.1 DRIVERS 66
5.3.1.1 Increase in consumption of nutritive convenience and fortified food 66
FIGURE 31 NUMBER OF COUNTRIES MANDATING FOOD FORTIFICATION, 2011-2019 66
FIGURE 32 CONSUMER PERCEPTION OF SPECIFIC NUTRIENTS' ADEQUACY IN DIETS, 2020 67
5.3.1.2 Growth in health awareness among consumers leading to increased consumption of healthier diets 68
FIGURE 33 DIETS FOLLOWED BY CONSUMERS IN 2020 68
5.3.1.3 Rise in incidences of chronic diseases 69
FIGURE 34 CHRONIC DISEASES WERE AMONG THE TOP TEN CAUSES OF DEATH AMONG ALL AGES, 2019 (MILLION) 69
5.3.1.4 Research & development and expansion of production capacity to enhance applicability & accelerate growth 70
5.3.1.5 Mandates on food fortification by government organizations 70
TABLE 3 PREVALENCE OF THE THREE MAJOR MICRONUTRIENT DEFICIENCIES, BY REGION, 2009 71
5.3.2 RESTRAINTS 72
5.3.2.1 Higher cost for functional food products due to the inclusion of healthier or naturally sourced ingredients 72
FIGURE 35 FREQUENCY OF FUNCTIONAL FOOD CONSUMPTION, 2019 72
5.3.2.2 Increase in instances of allergies and intolerances related to few ingredients 72
5.3.3 OPPORTUNITIES 73
5.3.3.1 Development of different techniques to create high-value natural carotenoids 73
FIGURE 36 CAROTENOIDS PROCESSING, BY TECHNOLOGY 73
5.3.3.2 Alternative sources to obtain omega-3 74
TABLE 4 UPCOMING ALTERNATIVE SOURCES FOR OMEGA-3 FATTY ACIDS 74
5.3.3.3 Adoption of new technologies in the functional food industry 75
5.3.3.3.1 Use of encapsulation technology 75
5.3.4 CHALLENGES 75
5.3.4.1 Complexities related to the integration and adulteration of functional food products 75
5.3.4.2 Lack of consistency in regulations pertaining to various ingredients 76
5.4 IMPACT OF COVID-19 ON THE MARKET DYNAMICS 76
5.4.1 COVID-19 BOOSTS THE DEMAND FOR HIGH-QUALITY AND PREMIUM PRODUCTS 77
5.4.2 COVID-19 IMPACT ON RAW MATERIAL AVAILABILITY AND SUPPLY CHAIN DISRUPTION 77
5.4.3 COVID-19 TO SHIFT THE DEMAND TOWARD PLANT-SOURCED INGREDIENTS 77

6 INDUSTRY TRENDS 78
6.1 INTRODUCTION 78
6.2 SUPPLY CHAIN ANALYSIS 78
FIGURE 37 PRODUCT DEVELOPMENT AND MANUFACTURING PLAY A VITAL ROLE IN THE SUPPLY CHAIN FOR THE FUNCTIONAL FOOD INGREDIENTS MARKET 78
6.3 ECOSYSTEM 79
FIGURE 38 FUNCTIONAL FOOD INGREDIENTS: MARKET MAP 79
TABLE 5 FUNCTIONAL FOOD INGREDIENTS MARKET: ECOSYSTEM 80
6.3.1 UPSTREAM 81
6.3.1.1 Ingredient Manufacturers 81
6.3.1.2 Technology Providers 81
6.3.1.3 Start-ups/Emerging Companies 81
6.3.2 DOWNSTREAM 82
6.3.2.1 Regulatory Bodies 82
6.3.2.2 End Users 82
6.4 VALUE CHAIN ANALYSIS 83
FIGURE 39 FUNCTIONAL FOOD INGREDIENTS MARKET: VALUE CHAIN 83
6.4.1 SOURCING OF RAW MATERIALS 83
6.4.2 PRODUCTION & PROCESSING 84
6.4.3 DISTRIBUTION, MARKETING, AND SALES 84
6.5 TECHNOLOGY ANALYSIS 84
6.5.1 FUNCTIONAL FOOD INGREDIENTS AND MICROENCAPSULATION 84
6.5.1.1 Encapsulation of Omega-3 to mask the odor 85
6.5.2 FUNCTIONAL FOOD INGREDIENTS AND ROBOTS 85
6.6 PRICING ANALYSIS: FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE 85
FIGURE 40 PRICING TREND OF THE FUNCTIONAL FOOD INGREDIENTS, 2017-2020 (USD/KG) 86
6.7 TRENDS/DISRUPTIONS IMPACTING THE CUSTOMER'S BUSINESS 86
FIGURE 41 YC-YCC: REVENUE SHIFT FOR THE FUNCTIONAL FOOD INGREDIENTS MARKET 87
6.8 PORTER'S FIVE FORCES ANALYSIS 87
TABLE 6 FUNCTIONAL FOOD INGREDIENTS MARKET: PORTER'S FIVE FORCES ANALYSIS 87
6.8.1 INTENSITY OF COMPETITIVE RIVALRY 87
6.8.2 BARGAINING POWER OF SUPPLIERS 88
6.8.3 BARGAINING POWER OF BUYERS 88
6.8.4 THREAT OF NEW ENTRANTS 88
6.8.5 THREAT OF SUBSTITUTES 89
6.9 PATENT ANALYSIS 89
FIGURE 42 PATENT INSIGHTS, 2020 89
FIGURE 43 LIST OF TOP PATENTS IN THE MARKET FOR THE LAST TEN YEARS 90
TABLE 7 KEY PATENTS PERTAINING TO FUNCTIONAL FOOD INGREDIENTS, 2020-2021 90
6.10 TRADE ANALYSIS 96
TABLE 8 KEY EXPORTING COUNTRIES WITH EXPORT VALUE OF VITAMINS & VITAMIN SUPPLEMENTS, 2019 (USD MILLION) 96
FIGURE 44 IMPORT TARIFF OF KEY COUNTRIES ON VITAMINS & VITAMIN SUPPLEMENTS, 2019 99
6.11 CASE STUDIES ANALYSIS 100
6.11.1 USE CASE 1: TATSEWISE'S AI AND MACHINE LEARNING SOLUTION HELPED MEET THE INCREASING DEMAND 100
6.11.2 USE CASE 2: MINDRIGHT'S BARS HELPED COMBAT MENTAL HEALTH ISSUES 100

7 REGULATORY FRAMEWORKS 101
7.1 INTRODUCTION 101
7.2 NORTH AMERICA 101
7.2.1 CANADA 101
7.2.2 US 101
7.2.3 MEXICO 101
7.3 EUROPEAN UNION (EU) 102
7.4 ASIA PACIFIC 102
7.4.1 JAPAN 102
7.4.2 CHINA 102
7.4.3 INDIA 103
7.4.4 AUSTRALIA & NEW ZEALAND 103
7.5 SOUTH AMERICA 103
7.5.1 BRAZIL 103
7.5.2 ARGENTINA 103
7.6 REST OF THE WORLD (ROW) 104
7.6.1 MIDDLE EAST 104
7.7 PROBIOTICS 104
7.7.1 INTRODUCTION 104
TABLE 9 NATIONAL/INTERNATIONAL BODIES FOR SAFETY STANDARDS AND REGULATIONS 105
7.7.2 NORTH AMERICA: REGULATORY ENVIRONMENT ANALYSIS 105
7.7.2.1 US 105
7.7.2.2 Canada 106
7.7.3 EUROPE: REGULATORY ENVIRONMENT ANALYSIS 106
7.7.4 ASIA PACIFIC: REGULATORY ENVIRONMENT ANALYSIS 106
7.7.4.1 Japan 107
7.7.4.2 India 107
7.7.5 SOUTH AMERICA: REGULATORY ENVIRONMENT ANALYSIS 107
7.7.5.1 Brazil 107
7.8 PREBIOTICS 108
7.8.1 INTRODUCTION 108
7.8.2 ASIA PACIFIC 108
7.8.2.1 Japan 108
7.8.2.2 Australia & New Zealand 108
7.8.2.3 South Korea 108
7.8.2.4 India 108
TABLE 10 SCHEDULE XI OF FOOD SAFETY AND STANDARDS REGULATIONS, 2015, FOR THE LIST OF APPROVED PREBIOTIC INGREDIENTS 109
7.8.3 NORTH AMERICA 109
7.8.3.1 US 109
7.8.3.2 Canada 109
TABLE 11 LIST OF ACCEPTED DIETARY FIBERS BY CANADIAN REGULATORY AUTHORITIES & THEIR SOURCES 109
7.8.3.3 European Union 110

8 FUNCTIONAL FOOD INGREDIENTS MARKET, BY HEALTH BENEFITS 111
8.1 INTRODUCTION 111
8.2 GUT HEALTH 111
8.3 CARDIOVASCULAR HEALTH 112
8.4 BONE HEALTH 112
TABLE 12 BONE-BUILDING NUTRIENTS & THEIR THERAPEUTIC RANGE 113
8.5 IMMUNITY 113
8.6 NUTRITIVE HEALTH 113
8.7 WEIGHT MANAGEMENT 114
8.8 OTHER HEALTH BENEFITS 114

9 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE 115
9.1 INTRODUCTION 116
FIGURE 45 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION) 116
TABLE 13 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 117
TABLE 14 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 117
9.2 COVID-19 IMPACT ON THE FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE 118
9.2.1 OPTIMISTIC SCENARIO 118
TABLE 15 OPTIMISTIC SCENARIO: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2018-2021 (USD MILLION) 118
9.2.2 REALISTIC SCENARIO 119
TABLE 16 REALISTIC SCENARIO: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2018-2021 (USD MILLION) 119
9.2.3 PESSIMISTIC SCENARIO 119
TABLE 17 PESSIMISTIC SCENARIO: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2018-2021 (USD MILLION) 119
9.3 PROBIOTICS 120
9.3.1 HIGH CONSUMER DEMAND FOR SCIENTIFICALLY PROVEN HEALTH FOOD AND SUPPLEMENTS, PARTICULARLY IN DEVELOPED ECONOMIES 120
TABLE 18 PROBIOTIC COMPONENTS & THEIR BENEFITS 120
TABLE 19 PROBIOTICS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 121
TABLE 20 PROBIOTICS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 121
TABLE 21 PROBIOTICS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (TONS) 122
TABLE 22 PROBIOTICS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (TONS) 122
9.4 PROTEINS & AMINO ACIDS 122
9.4.1 RISE IN AWARENESS ABOUT THE HEALTH BENEFITS OF AMINO ACIDS IS DRIVING THE DEMAND 122
TABLE 23 RECOMMENDED DIETARY ALLOWANCES (RDA) FOR PROTEINS IN DIFFERENT AGE GROUPS 123
TABLE 24 FUNCTIONS OF PROTEIN 123
TABLE 25 PROTEINS & AMINO ACIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 124
TABLE 26 PROTEINS & AMINO ACIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 124
TABLE 27 PROTEINS & AMINO ACIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (TONS) 125
TABLE 28 PROTEINS & AMINO ACIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (TONS) 125
9.5 PHYTOCHEMICALS & PLANT EXTRACTS 125
9.5.1 INCREASE IN USE OF PHYTOCHEMICALS & PLANT EXTRACTS IN NUTRACEUTICALS DUE TO SIDE EFFECTS OF CHEMICAL INGREDIENTS 125
TABLE 29 PHYTOCHEMICALS & PLANT EXTRACTS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 126
TABLE 30 PHYTOCHEMICALS & PLANT EXTRACTS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 126
TABLE 31 PHYTOCHEMICALS & PLANT EXTRACTS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (TONS) 127
TABLE 32 PHYTOCHEMICALS & PLANT EXTRACTS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (TONS) 127
9.6 PREBIOTICS 127
9.6.1 RAPID GROWTH IN PREBIOTICS DUE TO BENEFITS IN WEIGHT MANAGEMENT AND INFANT HEALTH IMPROVEMENT 127
TABLE 33 PREBIOTICS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 128
TABLE 34 PREBIOTICS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 128
TABLE 35 PREBIOTICS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (TONS) 129
TABLE 36 PREBIOTICS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (TONS) 129
TABLE 37 PREBIOTIC COMPONENTS & THEIR BENEFITS 129
TABLE 38 PREBIOTICS IN FUNCTIONAL FOOD MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 130
TABLE 39 PREBIOTICS IN FUNCTIONAL FOOD MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 130
9.7 FIBERS & SPECIALTY CARBOHYDRATES 131
9.7.1 FIBERS HELP IN PROMOTING HEALTH AND REDUCING THE RISK OF CHRONIC DISEASES 131
TABLE 40 FIBERS & SPECIALTY CARBOHYDRATES IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 131
TABLE 41 FIBERS & SPECIALTY CARBOHYDRATES IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 131
TABLE 42 FIBERS & SPECIALTY CARBOHYDRATES IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (TONS) 132
TABLE 43 FIBERS & SPECIALTY CARBOHYDRATES IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (TONS) 132
9.8 OMEGA-3 FATTY ACIDS 133
9.8.1 OMEGA-3 FATTY ACIDS AID IN REDUCING THE RISK OF SEVERAL CHRONIC MENTAL AND PHYSICAL DISEASES 133
TABLE 44 OMEGA-3 FATTY ACIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 133
TABLE 45 OMEGA-3 FATTY ACIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 134
TABLE 46 OMEGA-3 FATTY ACIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (TONS) 134
TABLE 47 OMEGA-3 FATTY ACIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (TONS) 135
9.9 CAROTENOIDS 135
9.9.1 CAROTENOIDS SUCH AS LUTEIN AND ZEAXANTHIN REDUCE THE RISK OF EYE DISEASES 135
TABLE 48 COMMON DIETARY SOURCES OF CAROTENOIDS IN VEGETABLE FOODS (?G/100 FRESH WEIGHT) 136
FIGURE 46 CLASSIFICATION OF CAROTENOIDS 136
TABLE 49 CAROTENOIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 137
TABLE 50 CAROTENOIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 137
TABLE 51 CAROTENOIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (TONS) 138
TABLE 52 CAROTENOIDS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (TONS) 138
TABLE 53 CAROTENOIDS IN FUNCTIONAL FOOD MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 138
TABLE 54 CAROTENOIDS IN FUNCTIONAL FOOD MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 139
9.10 VITAMINS 139
9.10.1 AWARENESS, WIDE ACCEPTANCE, AND EASY AVAILABILITY OF DIFFERENT TYPES OF VITAMINS HAVE LED TO A SURGE IN DEMAND 139
TABLE 55 VITAMINS CLASSIFIED AS MICRONUTRIENTS 140
TABLE 56 FAT-SOLUBLE & WATER-SOLUBLE VITAMINS 143
TABLE 57 VITAMINS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 143
TABLE 58 VITAMINS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 144
TABLE 59 VITAMINS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (TONS) 144
TABLE 60 VITAMINS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (TONS) 144
9.11 MINERALS 145
9.11.1 MINERALS PROVIDE SEVERAL HEALTH BENEFITS 145
9.11.2 MACROMINERALS 145
9.11.3 MICROMINERALS 145
TABLE 61 MACROMINERALS & THEIR FUNCTIONS 146
TABLE 62 MICRO MINERALS & THEIR FUNCTIONS 147
TABLE 63 MINERALS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 148
TABLE 64 MINERALS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 148
TABLE 65 MINERALS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2016-2020 (TONS) 149
TABLE 66 MINERALS IN FUNCTIONAL FOOD MARKET SIZE, BY REGION, 2021-2026 (TONS) 149

10 FUNCTIONAL FOOD INGREDIENTS MARKET, BY SOURCE 150
10.1 INTRODUCTION 151
FIGURE 47 FUNCTIONAL FOOD INGREDIENTS MARKET SHARE (VALUE), BY SOURCE, 2021 VS. 2026 151
TABLE 67 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2016-2020 (USD MILLION) 151
TABLE 68 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2021-2026 (USD MILLION) 152
10.2 NATURAL SOURCE 152
10.2.1 INCREASE IN CONSUMER EMPHASIS ON NATURAL FOODS AND RE-USE OF FOOD WASTES AS SOURCES FOR FUNCTIONAL INGREDIENTS 152
FIGURE 48 MAJOR SOURCES OF FOOD WASTES, 2017 152
TABLE 69 NATURAL FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 153
TABLE 70 NATURAL FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 153
TABLE 71 NATURAL FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 153
TABLE 72 NATURAL FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 154
10.2.2 ANIMAL 154
10.2.3 MICROBIAL 154
10.2.4 PLANT 155
10.3 SYNTHETIC SOURCE 156
10.3.1 RISE IN CONCERNS ON GUT HEALTH DRIVE THE DEMAND FOR BIOTECHNOLOGICALLY PRODUCED PREBIOTIC AND PROBIOTICS 156
10.3.2 VITAMINS 156
10.3.3 PHYTOCHEMICALS 156
10.3.4 AMINO ACIDS 156
10.3.5 CAROTENOIDS 157
TABLE 73 SYNTHETIC FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 157
TABLE 74 SYNTHETIC FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 157

11 FUNCTIONAL FOOD INGREDIENTS MARKET, BY APPLICATION 158
11.1 INTRODUCTION 159
FIGURE 49 FUNCTIONAL FOOD INGREDIENTS MARKET SHARE (VALUE), BY APPLICATION, 2021 VS. 2026 159
TABLE 75 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION) 159
TABLE 76 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION) 160
11.2 COVID-19 IMPACT ON THE FUNCTIONAL FOOD INGREDIENTS MARKET, BY APPLICATION 160
11.2.1 OPTIMISTIC SCENARIO 160
TABLE 77 OPTIMISTIC SCENARIO: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION) 160
11.2.2 REALISTIC SCENARIO 161
TABLE 78 REALISTIC SCENARIO: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION) 161
11.2.3 PESSIMISTIC SCENARIO 161
TABLE 79 PESSIMISTIC SCENARIO: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION) 161
11.3 FOOD 161
11.3.1 COST-EFFECTIVE FOOD PRODUCTS WITH HIGH NUTRITIONAL BENEFITS TEND TO DRIVE THE MARKET 161
TABLE 80 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE IN FOOD, BY SUBAPPLICATION, 2016-2020 (USD MILLION) 162
TABLE 81 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE IN FOOD, BY SUBAPPLICATION, 2021-2026 (USD MILLION) 162
TABLE 82 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE IN FOOD, BY REGION, 2016-2020 (USD MILLION) 163
TABLE 83 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE IN FOOD, BY REGION, 2021-2026 (USD MILLION) 163
11.3.2 INFANT FOOD 163
TABLE 84 RECOMMENDED DIETARY REFERENCE INTAKES (DRIS) FOR MACRONUTRIENTS 164
TABLE 85 RECOMMENDED DIETARY REFERENCE INTAKES (DRI'S) FOR MICRONUTRIENTS 164
11.3.3 DAIRY PRODUCTS 164
11.3.4 BAKERY PRODUCTS 165
11.3.5 CONFECTIONERY PRODUCTS 165
11.3.6 SNACKS 166
11.3.7 MEAT & MEAT PRODUCTS 166
FIGURE 50 GLOBAL MEAT PRODUCTION, 2000-2018 (MILLION TONNES) 166
11.3.8 OTHER TYPES 167
FIGURE 51 GLOBALLY RISING IMPORTS AND EXPORTS OF CEREALS AND CEREAL PRODUCTS, 2016-2020 167
11.4 BEVERAGES 168
11.4.1 HEALTH BEVERAGES AND DRINKS DEMAND DRIVE GROWTH FOR FUNCTIONAL JUICES AND BEVERAGES 168
TABLE 86 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE IN BEVERAGES, BY SUBAPPLICATION, 2016-2020 (USD MILLION) 168
TABLE 87 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE IN BEVERAGES, BY SUBAPPLICATION, 2021-2026 (USD MILLION) 168
TABLE 88 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE IN BEVERAGES, BY REGION, 2016-2020 (USD MILLION) 169
TABLE 89 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE IN BEVERAGES, BY REGION, 2021-2026 (USD MILLION) 169
11.4.2 ENERGY DRINKS 169
11.4.3 JUICES 170
11.4.4 HEALTH DRINKS 170

12 FUNCTIONAL FOOD INGREDIENTS MARKET, BY REGION 171
12.1 INTRODUCTION 172
TABLE 90 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY REGION, 2016-2020 (USD MILLION) 173
TABLE 91 FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY REGION, 2021-2026 (USD MILLION) 173
FIGURE 52 REGIONAL SNAPSHOT: THE US HELD THE LARGEST SHARE OF THE FUNCTIONAL FOOD INGREDIENTS MARKET, 2020 174
12.2 COVID-19 IMPACT ON THE FUNCTIONAL FOOD INGREDIENTS MARKET, BY REGION 174
12.2.1 OPTIMISTIC SCENARIO 175
TABLE 92 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION) 175
12.2.2 REALISTIC SCENARIO 175
TABLE 93 REALISTIC SCENARIO: COVID-19 IMPACT ON THE FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY REGION, 2018-2021 (USD MILLION) 175
12.2.3 PESSIMISTIC SCENARIO 176
TABLE 94 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE FUNCTIONAL FOOD INGREDIENTS MARKET, BY REGION, 2018-2021 (USD MILLION) 176
12.3 NORTH AMERICA 176
FIGURE 53 NORTH AMERICA: MARKET SNAPSHOT 177
TABLE 95 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY COUNTRY, 2016-2020 (USD MILLION) 178
TABLE 96 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY COUNTRY, 2021-2026 (USD MILLION) 178
TABLE 97 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 179
TABLE 98 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 179
TABLE 99 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (TONS) 180
TABLE 100 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (TONS) 180
TABLE 101 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2016-2020 (USD MILLION) 181
TABLE 102 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2021-2026 (USD MILLION) 181
TABLE 103 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION) 181
TABLE 104 NORTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION) 181
12.3.1 US 182
12.3.1.1 Presence of key players and increase in obesity among people estimated to drive the market growth 182
TABLE 105 US: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 182
TABLE 106 US: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 183
12.3.2 CANADA 183
12.3.2.1 Supportive government policies and rise in consumer awareness fueling the market growth 183
TABLE 107 CANADA: APPROVED INFANT FORMULAS, 2019 184
TABLE 108 CANADA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 185
TABLE 109 CANADA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 185
12.3.3 MEXICO 186
12.3.3.1 Rise in per capita expenditure on nutritious and healthy foods is estimated to boost the market 186
FIGURE 54 MEXICO: PER CAPITA EXPENDITURE ON FOOD, 2010-2018 186
TABLE 110 MEXICO: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 187
TABLE 111 MEXICO: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 187
12.4 EUROPE 188
TABLE 112 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY COUNTRY, 2016-2020 (USD MILLION) 188
TABLE 113 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY COUNTRY, 2021-2026 (USD MILLION) 189
TABLE 114 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 189
TABLE 115 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 190
TABLE 116 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (TONS) 190
TABLE 117 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (TONS) 191
TABLE 118 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2016-2020 (USD MILLION) 191
TABLE 119 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2021-2026 (USD MILLION) 191
TABLE 120 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION) 192
TABLE 121 EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION) 192
12.4.1 UK 192
12.4.1.1 Consumers' high awareness of various functional ingredients and other wellness ingredients 192
TABLE 122 UK: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 193
TABLE 123 UK: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 193
12.4.2 FRANCE 194
12.4.2.1 Preference for better eating habits resulted in the adoption of alternatives, especially among women 194
TABLE 124 FRANCE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 194
TABLE 125 FRANCE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 195
12.4.3 GERMANY 195
12.4.3.1 Manufacturers are constantly improving their products with newer technology and innovations 195
TABLE 126 GERMANY: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 196
TABLE 127 GERMANY: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 196
12.4.4 ITALY 197
12.4.4.1 Stringent quality control mandates for functional food ingredients such as omega-3 and folic acid hindered market growth 197
TABLE 128 ITALY: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 197
TABLE 129 ITALY: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 198
12.4.5 SPAIN 198
12.4.5.1 The most popular products in the country are those fortified with fiber, probiotic bacteria, omega-3 acids, folic acids, calcium, and vitamins A and D 198
TABLE 130 SPAIN: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 199
TABLE 131 SPAIN: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 199
12.4.6 RUSSIA 200
12.4.6.1 Lack of government initiatives to promote the consumption of functional food hindered the growth 200
TABLE 132 RUSSIA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 200
TABLE 133 RUSSIA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 201
12.4.7 REST OF EUROPE 201
TABLE 134 REST OF EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 202
TABLE 135 REST OF EUROPE: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 202
12.5 ASIA PACIFIC 203
TABLE 136 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY COUNTRY, 2016-2020 (USD MILLION) 203
TABLE 137 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY COUNTRY, 2021-2026 (USD MILLION) 204
TABLE 138 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 204
TABLE 139 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 205
TABLE 140 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (TONS) 205
TABLE 141 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (TONS) 206
TABLE 142 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2016-2020 (USD MILLION) 206
TABLE 143 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2021-2026 (USD MILLION) 206
TABLE 144 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION) 207
TABLE 145 ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION) 207
12.5.1 CHINA 207
12.5.1.1 Changing lifestyles of consumers and preference for fortified food & beverage products drive the market in China 207
TABLE 146 CHINA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 208
TABLE 147 CHINA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 208
12.5.2 JAPAN 209
12.5.2.1 Changes in consumer behavior are projected to drive the market growth in the country 209
TABLE 148 JAPAN: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 209
TABLE 149 JAPAN: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 210
12.5.3 INDIA 210
12.5.3.1 Rise in hospitalization cost drives consumer demand for ingredients such as vitamins and minerals 210
TABLE 150 INDIA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION)) 211
TABLE 151 INDIA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 211
12.5.4 AUSTRALIA 212
12.5.4.1 Consumers prefer spending on nutritional food products such as low-calorie and health products 212
TABLE 152 AUSTRALIA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 212
TABLE 153 AUSTRALIA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 213
12.5.5 REST OF ASIA PACIFIC 213
TABLE 154 REST OF ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 214
TABLE 155 REST OF ASIA PACIFIC: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 214
12.6 SOUTH AMERICA 215
FIGURE 55 SOUTH AMERICA: MARKET SNAPSHOT 216
TABLE 156 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY COUNTRY, 2016-2020 (USD MILLION) 217
TABLE 157 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY COUNTRY, 2021-2026 (USD MILLION) 217
TABLE 158 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 218
TABLE 159 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 218
TABLE 160 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (TONS) 219
TABLE 161 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (TONS) 219
TABLE 162 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2016-2020 (USD MILLION) 220
TABLE 163 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY SOURCE, 2021-2026 (USD MILLION) 220
TABLE 164 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2016-2020 (USD MILLION) 220
TABLE 165 SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY APPLICATION, 2021-2026 (USD MILLION) 220
12.6.1 BRAZIL 221
12.6.1.1 The availability of rich natural sources expected to drive the production of quality functional food ingredients 221
TABLE 166 BRAZIL: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 222
TABLE 167 BRAZIL: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 222
12.6.2 ARGENTINA 223
12.6.2.1 Steady rise of undernourishment in the recent past estimated to drive the demand for functional foods 223
FIGURE 56 PREVALENCE OF UNDERNOURISHMENT IN ARGENTINA, 2012-2019 223
TABLE 168 ARGENTINA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 224
TABLE 169 ARGENTINA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 224
12.6.3 REST OF SOUTH AMERICA 225
TABLE 170 REST OF SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2016-2020 (USD MILLION) 225
TABLE 171 REST OF SOUTH AMERICA: FUNCTIONAL FOOD INGREDIENTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 225


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