According to a recent report by Reports and Data, the global Functional Food Ingredients for Soy Products Market is projected to attain a market size of USD 180.14 billion by 2030, with a compounded annual growth rate (CAGR) of 7.6% during the forecast period. The market growth is driven by various factors, such as the increasing consumer inclination towards healthier and fortified food products, growing awareness about the importance of maintaining good health, and a rising incidence of chronic diseases. Functional food ingredients offer additional health benefits beyond basic nutritional value obtained from food and drinks. These ingredients are used to promote better gastrointestinal health, lower cholesterol levels, prevent tooth decay, enhance bone and gut health, and prevent or treat a range of diseases. Regular consumption of functional food ingredients has been found to significantly reduce the risk of various diseases, including cardiovascular disease, cancer, diabetes, high blood pressure, rickets, and osteoporosis.
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Top Companies Operating in the Global Functional Food Ingredients for Soy Products Market Report:
Cargill, Inc., BASF SE, Archer-Daniels-Midland Company, Arla Foods amba, Kerry Group plc, Ajinomoto Co., Inc., Blattmann Schweiz AG, Ingredion Incorporated, Tate & Lyle PLC, and Euroduna Food Ingredients GmbH.
Major Driving Factors of Functional Food Ingredients for Soy Products Market:
The Functional Food Ingredients for Soy Products Market is being driven by various factors, including the increasing consumer preference for healthy and nutritious food products, rising awareness about the benefits of maintaining good health and well-being, and a growing incidence of chronic diseases. Additionally, advancements in technology and food processing methods have allowed for the development of functional food ingredients that offer unique health benefits beyond basic nutrition. These ingredients can help promote better digestive health, lower cholesterol levels, prevent tooth decay, enhance bone and gut health, and prevent or treat a variety of ailments. Furthermore, a growing trend towards personalized nutrition and demand for natural, organic, and clean label products has also boosted the demand for functional food ingredients. Finally, an increasing number of aging consumers seeking to maintain their health and well-being is also contributing to the growth of this market.
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The global Functional Food Ingredients for Soy Products Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Origin Outlook (Revenue, USD Billion; 2019-2030)
- Natural
- Synthetic
Application Outlook (Revenue, USD Billion; 2019-2030)
- Dairy Products
- Meat, Fish, and Eggs
- Soy Products
- Fats and Oils
- Bakery, Confectionery, and Cereals
- Others
Type Outlook (Revenue, USD Billion; 2019-2030)
- Prebiotics
- Probiotics
- Vitamins
- Minerals
- Omega Fatty Acids
- Hydrocolloids
- Carotenoids
- Essential Oils
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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