What is the projected growth rate (CAGR) of the Functional Food Ingredients Market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Functional Food Ingredients Market reached USD 84.4 billion in 2022 and is expected to reach USD 147.8 billion by 2031 growing with a CAGR of 7.1% during the forecast period 2024-2031.

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What is Functional Food Ingredients Market ?

Functional food ingredients are bioactive compounds, such as probiotics, prebiotics, vitamins, minerals, plant extracts, and omega fatty acids, that provide health benefits beyond basic nutrition. They are specifically incorporated into foods and beverages to support physiological functions, improve well-being, and reduce the risk of chronic diseases.

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Conclusion

The rising demand for preventive healthcare, personalized nutrition, and natural wellness solutions continues to drive the growth of functional food ingredients worldwide. With increasing consumer awareness about gut health, immunity, and healthy aging, these ingredients are not just shaping dietary choices but also transforming the future of the global food and beverage industry.

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Top Key Companies:

Kerry Inc., BENEO, Cargill, Inc., Koninklijke Dsm N.V., Archer Daniels Midland Company, Ingredion Inc., DuPont., Tate & Lyle, Chr. Hansen, and Kemin Industries.

Market Segments:

By Type: Vitamins, Minerals, Prebiotics, Omega-3 & 6 Fatty Acids, Essential Oils, Hydrocolloids, Others

By Application: Confectionaries, Dairy Products, Soy Products, Fruits & vegetables

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