Growing necessity for food of high-nutritive value owing to rising health concerns is anticipated to spur demand for functional ingredients. These natural ingredients possess disease preventing, health promoting, and energy boosting properties. Rising focus on reinforcement of food products with minerals, vitamins, etc. is also augmenting their demand across the globe. Major product variants of functional ingredients are polydextrose, rice protein, maltodextrin, pectin, probiotics, modified starch, omega-3, omega-6, Conjugated Linoleic Acid (CLA), and protein hydrolysate.
Rice Protein to be the Fastest-growing Product Segment
Rice protein segment is likely to contribute for the maximum revenue generation over the forecast period (from 2018 to 2026). This growth is attributed to the health benefits of rice proteins. These proteins can be derived from white, as well as brown, rice. High nutritive value of rice protein is likely to spur its demand over whey and soy protein. Considering the rising demand, most F&B companies are introducing new products that are rich in rice protein. For instance, Dough Bar recently launched Crispy Bars containing 15 grams of protein and 9 grams of fiber. Available in chocolate and original flavors, the new healthy snack is vegan, gluten-, and soy-free.
Market Overview
The global functional ingredients market is likely to value USD 96.1 billion by 2026, according to a report by Grand View Research, Inc. Shifting focus on the reinforcement of food products with vitamins, minerals, and herbal extracts can spur market growth in the coming years. Increasing disposable income coupled with growing number of urban residents can foster market growth. Growing efforts to develop favorable environment for the incorporation of functional ingredients in foods and beverages would also impel growth of this market in the coming years.
Increasing adoption of healthy and high-nutritive value food owing to rising health awareness is expected to propel market growth. Some of the prominent companies operating in the market for functional ingredients are Golden Grain Group Limited, FMC Corporation, Omega Protein Corporation, Ingredion Incorporated, and NutriBiotic.
In-Depth Research Report On Functional Ingredients Market:
https://www.grandviewresearch.com/industry-analysis/functional-ingredients-market
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