Asia Pacific Functional Food Ingredients Market

Asia Pacific Functional Food Ingredients Market Size (2024 to 2032)

Asia Pacific Functional Food Ingredients Market is predicted to reach USD 445.94 billion in 2024 and USD 8.7.24 million by 2032, growing at a CAGR of 7.7% during the forecast period.

MARKET OVERVIEW

The term functional food ingredients is used for ingredients having the capability to add additional value to food. Functional Food Ingredients are the ingredients that have the ability to add additional benefits to the food product often related to health promotion or disease prevention. Functional foods are designed to have physiological benefits and/or reduce the risk of chronic disease beyond basic nutritional functions, and may be similar in appearance to conventional food and consumed as part of a regular diet. The features of these ingredients include preservation, texturization, emulsification, coloring, processing aids, and nutritional enhancement. Factors fuelling the growth of the market are increasing demand for fortified/fortified food, rising dietary problems coupled with modern lifestyles, the prevalence in chronic diseases driving consumers to shift to healthier food products, and growing awareness regarding the immunity-enhancing property of proper diet and food habits. However, the market growth is hindered by factors like strict government legislation, limited accessibility, and availability of ingredients and their expensive nature.

This research report on the Asia Pacific Functional Food Ingredients market has been segmented and sub-segmented into the following categories.

Asia Pacific Functional Food Ingredients Market By Type 

• Protein
• Vitamin
• Mineral
• Prebiotic
• Probiotic
• Hydrocolloid
• Essential Oil
• Fatty Acid 
• Carotenoid

Asia Pacific Functional Food Ingredients Market By Application

• Food and Beverage

Asia Pacific Functional Food Ingredients Market By Health Benefit

• Gut
• Bone
• Health
• Immunity
• Nutrition

Asia Pacific Functional Food Ingredients Market By Country

• China
• India
• Japan
• South-Korea 
• Australia

China is leading the market regionally, due to the high consumption and demand for fortified/functional as well as due to the presence of a well-developed food industry. India is expected to grow the fastest owing to its increasing economy with a large population base ready to spend on functional food and rapidly growing consumer markets. Vitamin and mineral ingredients hold the major share in the type segment as these substances are vital for a healthy diet and play important role in all life cycles for body development. Prebiotics and probiotics are expected to grow the fastest due to increasing awareness regarding beneficiary micro-organisms. Food applications hold a major share in the applications segment while beverage applications are expected to grow at a rapid pace.

KEY MARKET PLAYERS

• Archer Daniels Midland Company,
• Cargill
• Incorporated
• Koninklijke DSM N.V.
• BASF SE
• Arla Foods
• Tate and Lyle PLC
• Ingredion Incorporated
• Kerry Group PLC
• E. I. Du Pont De Nemours