Meticulous Research® has released a comprehensive report titled, “Functional Ingredients Market by Type (Vitamins, Protein, Amino Acid, Probiotics), Source (Natural), and Application (Food and Beverage [Dairy Products, Bakery & Confectionery, Energy Drinks], Pharmaceuticals, Animal Nutrition) - Global Forecast to 2030.” According to the report, the global functional ingredients market is anticipated to reach $186.75 billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030.

Key drivers of market growth include increasing demand for functional ingredients in the food and beverage sector, heightened health and wellness trends, a shift towards healthier diets, lifestyle changes, a rise in chronic diseases, and a growing need for compound feed. Despite this, the market may face challenges such as stringent government regulations and high ingredient costs. However, rising investments in functional foods and beverages, along with a trend towards natural, organic, and clean-label ingredients, are expected to provide significant growth opportunities.

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Market Segmentation
• By Type: The market is segmented into vitamins, proteins and amino acids, minerals, probiotics, prebiotics, botanical extracts, omega-3 & 6 fatty acids, fibers & specialty carbohydrates, and other functional ingredients. The vitamins segment is expected to dominate in 2024 due to growing demand for vitamin fortification in various products and increasing consumer awareness about the benefits of vitamins.

• By Source: Functional ingredients are categorized into naturally-sourced and synthetic-sourced. Naturally-sourced ingredients are projected to hold a larger market share and grow at a higher CAGR, driven by consumer preferences for health-conscious and sustainable products and stricter regulations on synthetic ingredients.

• By Application: The market is segmented into food and beverage (including dairy products, bakery & confectionery, snacks, infant food, and beverages such as energy drinks and fortified juices), pharmaceuticals, animal nutrition, and other applications. The food and beverage segment is expected to be the largest due to rising demand for nutritional and fortifying products.

• By Geography: The market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is projected to lead the market in 2024, supported by high awareness of health benefits, a robust food and beverage industry, and advancements in nutrition technology. Asia-Pacific, Europe, Latin America, and the Middle East & Africa will also contribute to market growth.

Quick Buy – Functional Ingredients Market - Global Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/28519244

Key Players
Major players in the functional ingredients market include Archer-Daniels-Midland Company (U.S.), Arla Foods amba (Denmark), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), Cargill, Incorporated (U.S.), International Flavors & Fragrances Inc. (U.S.), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), Koninklijke DSM N.V. (Netherlands), Glanbia plc. (Ireland), Roquette Frères S.A. (France), and Tate & Lyle Plc (U.K.).

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