Europe Functional Food Ingredients Market

Europe Functional Food Ingredients Market  Size and Growth Analysis:

Europe Functional Food Ingredients Market was worth USD 580 million in 2021 and is estimated to be growing at a CAGR of 5.5 %, to reach USD 758.04 million by 2026.

Europe Functional Food Ingredients Market Overview:

The term functional food ingredients are 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.

Europe Functional Food Ingredients Market Segmentation:

The Europe market for Functional Food Ingredients is segmented based on

• Type

• Application

• Health Benefit

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

Europe Functional Food Ingredients Market Regional Analysis:

Based on Geographical analysis the market is separated into regions of

• U.K.

• Germany

• France

• Italy 

• Spain 

U.K. is leading the market regionally, due to high consumption and demand for fortified/functional as well as due to the presence of a well-developed food industry. Germany 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.

Europe Functional Food Ingredients Market Key Players

Some of the key players dominating this market include

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, E. I

10. Du Pont De Nemours