Functional Food Ingredients Market

The functional food ingredients market, currently valued at USD 119.2 billion in 2024 and poised to achieve a 6.8% CAGR, reaching USD 165.8 billion by 2029, is experiencing transformative shifts and innovations. The functional food ingredients demand is fueled by consumer demand for wholesome, sustainably sourced products that offer health benefits beyond basic nutrition. Functional food ingredients play a crucial role in addressing consumers' increasing focus on health and wellness. These ingredients offer additional health benefits beyond basic nutrition, such as improved digestion, enhanced immunity, and better heart health.

With rising health consciousness and the prevalence of lifestyle-related diseases, consumers are actively seeking products that support their well-being. As a result, the demand for functional food ingredients continues to rise. For instance, according to the NCBI (National Center for Biotechnology Information) article “Consumer Acceptance Toward Functional Food” published in February 2022, states that individuals aged 65 years or older exhibited a heightened preference for various types of functional foods, such as yogurt containing lactic acid bacteria. It suggests that this inclination may stem from their increased focus on health-related concerns. As consumers increasingly prioritize their health and seek out products that offer added benefits, the appeal of functional food ingredients is expected to persist and drive further growth in the market.

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Cargill, Incorporated (US)

Cargill, Incorporated is engaged in the production of food ingredients and industrial products across four main business segments: animal nutrition & protein, food ingredients & applications, origination & processing, and industrial & financial services. Within its food ingredients & applications segment, the company offers functional food ingredients catering to food and beverage manufacturers, foodservice companies, and retailers. These ingredients, including probiotics and protein ingredients, are utilized in various sectors such as beverage, bakery, dairy, and meat, enhancing the appearance, taste, and stability of fresh and specialty meat products.

Operating in approximately 70 countries with additional sales presence in nearly 125 countries across North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa, Cargill has subsidiaries like Cargill Meat Solutions (US), Cargill Enterprises Inc (Russia), Cargill Asia Pacific Holdings Pte Limited (Singapore), Cargill RSA (Pty) Limited (South Africa), Cargill España SA (Spain), Cargill Nordic A/S (Sweden), Provimi (Netherlands), and NatureWorks (US).

The company has been strategically focusing on expansion initiatives to further bolster its market presence and meet the growing demands of its customers. In September 2023, the company expanded its operations by opening the European Protein Innovation Hub in Saint-Cyr en Val, France. This facility represents a substantial EUR 50 million (USD 54.18 million) investment in Cargill's European operations. The accelerated innovation hub is poised to empower Cargill, Incorporated to expedite the introduction of functional food ingredients to market, effectively catering to the escalating demand for innovative and distinctive products within the food industry.

BASF SE (Germany)

BASF SE, a prominent chemical company, is listed on stock exchanges in Frankfurt (Germany), London (UK), and Zurich (Switzerland). The company's operations are organized into 11 divisions grouped under six segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. For financial reporting purposes, BASF SE has structured its regional divisions into Europe, North America, Asia Pacific, and South America/Africa/Middle East.

Under the nutrition & care segment, BASF SE offers an extensive range of products for human nutrition, animal nutrition, pharmaceutical solutions, and aroma ingredients. It is a leading supplier of vitamins, antioxidants, and carotenoids for human nutrition, BASF SE serves major pharmaceutical companies across the pharmaceutical, nutraceutical, beverage, and dietary supplement industries. Its portfolio encompasses a wide array of functional ingredients including conjugated linoleic acid, peptides, plant-based sterols, colorants, omega-3, algae-based docosahexaenoic acid, and various food performance ingredients. BASF SE operates their business in North America, Europe, Asia Pacific, South America, and the Rest of the World.

In September 2023, BASF SE launched Product Carbon Footprints (PCFs) for several crucial products. These PCFs will cover vitamins, carotenoids, beverage processing polymers, feed enzymes, and feed performance ingredients, serving both human and animal nutrition sectors. This initiative underscores the company's dedication to environmental stewardship, as it aims to furnish customers with vital information regarding the greenhouse gas emissions linked to its products across their entire life cycles.

ADM (US)

ADM is a leading food manufacturing company, specializing in the production of food and beverage ingredients, feed and feed ingredients, industrial ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company is organized into four main business segments: Ag services & oilseeds, carbohydrate solutions, nutrition, and others. Within its nutrition segment, ADM offers functional food ingredients through its wild flavors and specialty ingredients subsegment. These include plant-based proteins, natural flavor ingredients, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, and hydrocolloids, as well as natural health and nutrition products such as probiotics, prebiotics, enzymes, and botanical extracts. Additionally, ADM provides specialty food and feed ingredients, including natural food flavors and colors, emulsifiers and stabilizers, specialty starches, and sweeteners.

ADM operates through an extensive network, including 46 innovation centers, 271 processing plants, 450 crop procurement facilities, and 200 bulk storage facilities spanning nearly 200 countries worldwide. The company's operations are supported by various subsidiaries, including Ab Mauri (UK), ABF Ingredients (UK), ABITEC Corporation (US), Ohly (Germany), Golden Peanut Company LLC (US), ADM Milling (US), ADM Do Brasil Ltda. (Brazil), Wild Flavors, Inc. (US), and ADM Hamburg Ag (Germany).

In March 2023, ADM introduced the Knwble Grwn brand, aiming to offer consumers wholesome, sustainably sourced plant-based food ingredients. These products are cultivated by small or underrepresented farmers employing regenerative agricultural practices, which contribute to environmental preservation. The launch of the Knwble Grwn brand aligns with ADM's ongoing sustainability efforts, further demonstrating the company's commitment to environmental responsibility.

Related Reports:

Functional Food Ingredients Market by Type (Probiotics, Protein & Amino Acids, Phytochemicals & Plant Extracts, Prebiotics, Omega-3 Fatty Acids, Carotenoids, Vitamins), Application, Source, Form, Health Benefits and Region - Global Forecast to 2029

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