SAN FRANCISCO, October 5, 2017 /PRNewswire/ --
The global functional ingredients market is expected tobe valued at USD 96.1 billion by 2026, growing at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The globally increasing consumption of healthy convenience foods has been a major factor driving the
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Growing health concerns and increasing health issues such as diabetes, obesity, and digestive disorders are the major factors expected to propel the regional market over the forecast period. The introduction of innovative products and investments made by major producers have resulted in a considerable demand for functional ingredients in food & beverages industry. Moreover, shifting consumer preferences for premium personal care products based on natural and herbal ingredients are estimated to drive the market over the forecast period, especially in personal care applications.
Probiotics were the largest product category in 2016 and are expected to maintain a substantial growth rate over the forecast period. Rice protein is projected to witness the fastest CAGR of 8.4% during the forecast period.
Rice protein concentrates are being increasingly utilized in nutritional beverages, bars, baked food products, confectioneries, and desserts, which is likely to have a positive impact on their growth over the forecast period. Companies including Prinova utilize rice protein concentrates in their products, which is anticipated to increase consumer awareness, thereby fueling the demand for the product over the forecast period. Consumers have been increasingly focusing on healthy diets, which is predicted to boost the demand for rice protein in various sports & energy nutrition products in the next few years.
Browse full research report with TOC on "Functional Ingredients Market Analysis, By Product (Maltodextrin, Probiotics, Polydextrose, Modified starch, Pectin, Omega-3, Omega-6, CLA, Rice protein, Protein hydrolysate), By Application, And Segment Forecasts, 2014 - 2026" at: http://www.grandviewresearch.com/industry-analysis/functional-ingredients-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global functional ingredients market on the basis of product, application, and region:
Read Our Blog By Grand View Research: http://www.grandviewresearch.com/blogs/food-and-beverages
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: email@example.com
SOURCE Grand View Research, Inc.
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