The global functional food ingredients market is expected to grow at a compound annual growth rate of 7.38% from 2024 to 2028, according to market research firm Technavio. This represents a dollar increase of $53.14 over the forecast period.
Report Highlights
- The probiotics and prebiotics segment of the market is expected to have the largest growth over the forecast period.
- Asia Pacific is projected to contribute 37% of the growth of the global market over the forecast period.
- The key challenge hindering the functional food ingredient market’s growth is the high cost of functional foods and their ingredients.
“The functional food ingredients market is witnessing significant growth due to increasing interest in nutrigenomics and the rising prevalence of lifestyle-related diseases,” said an analyst with Technavio. “Technologies like high-voltage electrical discharge and supercritical fluids are facilitating the development of innovative ingredients like conjugated linolenic acid, lutein, zeaxanthin, quercetin and anthocyanidins. These ingredients are widely used in energy drinks, sports drinks and supplements to cater to health-conscious consumers.”
