Functional Food Ingredients Market Report Online
The global functional food ingredients market size is estimated to be valued at USD 98.9 billion in 2021, recording a CAGR of 7.9% during the forecast period.
Functional ingredients are those ingredients that have disease-preventing, energy-boosting, and health-promoting advantages. The elements that will be added to the end product are expected to be an extract from a natural source of the active ingredient.
The inclination toward nutritional and convenience food and the rise in demand for fortified food & beverage products are some of the factors that have supported long-term expansion for Functional Food Ingredients Market.
The prices of raw materials are projected to increase due to trade barriers, disruptions in the supply of raw materials, and inefficient distribution channels due to COVID-19. The non-availability and high cost of raw materials and high production costs are likely to create challenges for the growth of the global functional food ingredients market.
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Last Update : Jul 14, 2023 7:05 AM
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