APAC Functional Food Ingredients Market

Functional food ingredients constitute traditional ingredients used to improve the overall health and well-being of the body. The functional foods include breads, cereals, beverages that contain fortified vitamins, minerals, herbal extracts, and nutraceuticals. Functional food ingredients reduce the prevalence of cardiovascular diseases, heart strokes, obesity, diabetes, hypertension, osteoporosis, and cancer. Functional food ingredients include infant food, dairy products, bakery products, confectionery products, snacks, meat & meat products, energy drinks, juices, and health drinks in the various application of the food and beverages. In addition to this, functional food ingredients help to strengthen immunity, increases the vitamin K for blood clotting, and provides essential healthy elements for metabolism.

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Increasing awareness regarding the benefits of healthy foods, along with the growing consumption of organic foods is one of the key factors driving the APAC functional food ingredients market. The other factors supporting the market growth include increasing disposable income, growing demand of fortified & convenience food products, and rising adoption of modern lifestyle among consumers. The rising prevalence of chronic diseases such as cardiovascular diseases, heart strokes, diabetes, obesity, joint pain, and cancer will bolster the growth of the APAC functional food ingredients market. Moreover, increasing awareness among consumers in terms of anti-aging, weight management, and other health issues will boost the APAC functional food ingredients market.

Major players are focussing on innovating the products by using multi-grain flour and diabetic-friendly ingredients for the preparation of the snacks, and other diets, which will create opportunities in the coming years. However, the higher cost of organic and natural ingredients may hinder the APAC functional food ingredients market.

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Based on the source, the natural segment is expected to grow at a higher CAGR over the forecast period owing to the high usage of natural-based ingredient across the globe. Moreover, the increasing awareness regarding the health benefits of natural-based ingredients among the end-user is propelling the natural segment.

Based on ingredient type, the prebiotics segment is expected to dominate the market during the forecast period due to the unique benefits such as easy absorption of the mineral, improve bone strength, and good gut health. Furthermore, the growing popularity in various applications such as food & beverages, infant food, pet food, green organic food, and meat products are predicting to surge the demand of the prebiotics segment.

Based on the application, the food segment is projected to witness faster CAGR over the forecast period due to the rising health awareness, along with increasing consumer preference towards maintaining balanced diets. The functional foods ingredients are used in different applications like infant food, dairy products, bakery products, confectionery products, snacks, meat & meat products, among others. This factor will further bolster the growth of the food segment.

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Based on the countries, China is expected to lead the APAC functional food ingredients market due to the increased consumption of functional food and the high presence of the developed food industry in China. India is anticipated to grow at a faster CAGR over the forecast period owing to the rising acceptance of the functional food among young populations in the metropolitan cities. In addition to this, increasing health awareness regarding healthy food choices will further surge market growth.

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Various notable players operating in the market include E. I. Du Pont De Nemours and Company, Archer Daniels Midland Company, BASF SE, Cargill, Inc., Arla Foods Ingredients Group P/S, Chr. Hansen, Koninklijke DSM N.V., Kerry Group PLC, Corbion N.V, Dr. Paul Lohmann Gmbh KG, Minerals Technologies Inc., and Tate & Lyle PLC, among others.

Key Developments:

• • In 2020, Arla Foods Ingredients Group P/S launched its organic ingredient i.e., micellar casein isolates, which will help the manufacturer to cater to the growing demand for organic, functional protein and natural products.
  • In 2018, BASF launched Newtrition® nutritional food ingredient with Omega-3-fatty acid in China. Newtrition® reduced the epidemic chances of chronic diseases such as high LDL cholesterol levels and cardiovascular diseases.

The APAC Functional Food Ingredients Market has been segmented based on source, ingredient type, application, and countries. Based on the source, the market is segmented natural and synthetic. Based on ingredient type, the market is segmented probiotics, proteins & amino acids, phytochemical & plant extracts, prebiotics, fibers & specialty carbohydrates, omega-3 fatty acids, carotenoids, vitamins, and minerals. Based on the application, the market is segmented food and beverages. Based on health benefit, the market is segmented into gut health, heart health, bone health, immunity, nutritive health, and weight management.

Key questions answered in this research report:

• • At what pace is APAC Functional Food Ingredients market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in APAC Functional Food Ingredients market? What will be the impact of drivers and restraints in the future?
  • Which source generated maximum revenues in 2019 and identify the most promising source during the forecast period?
  • What are the various applications of APAC Functional Food Ingredients market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Source, By Ingredient type, By Application, By Health Benefit, By Countries
Regional Coverage	APAC
Companies Profiled	E. I. Du Pont De Nemours and Company, Archer Daniels Midland Company, BASF SE, Cargill, Inc., Arla Foods Ingredients Group P/S, Chr. Hansen, Koninklijke DSM N.V., Kerry Group PLC, Corbion N.V, Dr. Paul Lohmann Gmbh KG, Minerals Technologies Inc., and Tate & Lyle PLC, among others; A total of 12 Companies Covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

APAC Functional Food Ingredients Market by Source

• • Natural Source
    • Animal
      • Protein
      • Omega-3 Fatty Acids
    • Microbial
      • Probiotics
      • Carotenoids
    • Plant
      • Prebiotics
      • Protein
      • Amino Acids
      • Omega-3 Fatty Acids
      • Phytochemicals
      • Fiber
      • Vitamins
      • Carotenoids
  • Synthetic Source
    • Vitamins
    • Phytochemicals
    • Amino Acids
    • Carotenoids

APAC Functional Food Ingredients Market by Ingredient type

• • Probiotics
  • Proteins & Amino Acids
  • Phytochemical & Plant Extracts
  • Prebiotics
  • Fibers & Specialty Carbohydrates
  • Omega-3 Fatty Acids
  • Carotenoids
  • Vitamins
  • Minerals
    • Macro Minerals
    • Micro Minerals

APAC Functional Food Ingredients Market by Application

• • Food
    • Infant Food
    • Dairy Products
    • Bakery Products
    • Confectionery Products
    • Snacks
    • Meat & Meat Products
    • Others
  • Beverages
    • Energy Drinks
    • Juices
    • Health Drinks

APAC Functional Food Ingredients Market by Health Benefit

• • Gut Health
  • Heart Health
  • Bone Health
  • Immunity
  • Nutritive Health
  • Weight Management

    APAC Functional Food Ingredients Market by Countries

• • India Functional Food Ingredients Market All-Up (Option 1: Free 25% Customization)
  • China Functional Food Ingredients Market All-Up (Option 2: Free 25% Customization)
  • Japan Functional Food Ingredients Market All-Up (Option 3: Free 25% Customization)
  • South Korea Functional Food Ingredients Market All-Up (Option 4: Free 25% Customization)
  • Indonesia Functional Food Ingredients Market All-Up (Option 5: Free 25% Customization)
  • Rest of APAC Functional Food Ingredients Market All-Up (Option 6: Free 25% Customization)

 Leading market players (Option 7: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• E.I. Du Pont De Nemours and Company
• Archer Daniels Midland Company
• BASF SE
• Cargill, Inc.
• Arla Foods Ingredients Group P/S
• Hansen
• Koninklijke DSM N.V.
• Kerry Group PLC
• Corbion N.V
• Paul Lohmann Gmbh KG
• Minerals Technologies Inc
• Tate & Lyle PLC