Asia Pacific Functional Food Ingredients Market

Asia Pacific Functional Food Ingredients Market  Size and Growth Analysis:

Asia Pacific Functional Food Ingredients Market was worth USD 356.97 million in 2021 and is estimated to be growing at a CAGR of 7.7 %, to reach USD 517.26 million by 2027. 

Asia Pacific Functional Food Ingredients 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.

Asia Pacific Functional Food Ingredients Market Segmentation

The Asia Pacific market for Functional Food Ingredients is segmented

based on

• Type

• Application

Based on Type 

• Protein

• Vitamin

• Mineral

• Prebiotic

• Probiotic

• Hydrocolloid

• Essential Oil

• Fatty Acid 

• Carotenoid

Based on Application –

Food and Beverage

Based on Health Benefit -

• Gut

• Bone

• Health

• Immunity

• Nutrition

Asia Pacific Functional Food Ingredients Market geographical Analysis

• 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.

Asia Pacific Functional Food Ingredients Market Key players

1. Archer Daniels Midland Company,

2. Cargill

3. Incorporated

4. Koninklijke DSM N.V.

5. BASF SE

6. Arla Foods

7. Tate and Lyle PLC

8. Ingredion Incorporated

9. Kerry Group PLC

10. E. I. Du Pont De Nemours