New data revealed that the global functional food ingredients market size will reach US$154.37 billion in 2028. The market will also register a revenue compound annual growth rate (CAGR) of 6.6% over the forecast period. According to Reports and Data, key growth drivers include increasing focus on credible labelling and certifications, fueling demand for functional food ingredients. The food and beverage manufacturers are now focusing more on organic, clean labels, natural, non-GMO, and other certifications to drive the sale of their products. Demand for natural, organic, and clean label products is growing due to an increase in health-conscious consumers and rising consumer purchasing power.
The market trend will impact the probiotics segment. Probiotic is a key functional ingredient in health food products such as yoghurt. Data said this segment would expand at a significant revenue CAGR during the forecast period. Meanwhile, data shows that sports drinks suppliers are expanding their ingredient choices to improve sports nutrition, significantly boosting the global functional ingredients market.
Lastly, the Asia-Pacific market will register a rapid revenue growth rate in the global functional food ingredients market over the forecast period. The surge is due to rising consumer disposable income and the growing population in the region. (Image from Unsplash)
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