Asia Pacific Functional Ingredients Market Size & Outlook
Asia Pacific functional ingredients market, 2016-2027 (US$M)
Related Markets
Asia Pacific functional ingredients market highlights
- The Asia Pacific functional ingredients market generated a revenue of USD 14,347.7 million in 2019.
- The market is expected to grow at a CAGR of 7.8% from 2020 to 2027.
- In terms of segment, pobiotics was the largest revenue generating product in 2019.
- Rice protein is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 14,347.7 million |
| Market revenue in 2027 | USD 26,154.3 million |
| Growth rate | 7.8% (CAGR from 2019 to 2027) |
| Largest segment | Pobiotics |
| Fastest growing segment | Rice protein |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Maltodextrin, Pobiotics, Polydextrose, Modified starch, Pectin, Omega-3 (EPA, DHA,ALA), Omega-6, Conjugated linoleic acid, Rice protein, Protein hydrolysate, Mung bean protein |
| Key market players worldwide | Archer-Daniels Midland Co, Ingredion Inc, Cargill, Tate & Lyle PLC, Golden Agri-Resources Ltd, FMC Corp, Nanobiotix SA ADR, Traeger Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.4% of the global functional ingredients market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 26,154.3 million by 2027.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Functional Ingredients Market Scope
Functional Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific functional ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to functional ingredients market will help companies and investors design strategic landscapes.
Pobiotics was the largest segment with a revenue share of 51.37% in 2019. Horizon Databook has segmented the Asia Pacific functional ingredients market based on maltodextrin, pobiotics, polydextrose, modified starch, pectin, omega-3 (epa, dha,ala), omega-6, conjugated linoleic acid, rice protein, protein hydrolysate, mung bean protein covering the revenue growth of each sub-segment from 2016 to 2027.
Favorable government policies in agricultural trade have been set to encourage functional foods and attract investments in the industry. This, in turn, has generated a wide scope for the growth of functional ingredients market in Asia Pacific. Agriculture industry is one of the significant contributors to their respective GDPs in countries such as India, Japan, China, South Korea, and Taiwan.
Asia Pacific has accounted for a significant share in the global functional ingredients production over the past few years with several emerging economies in this region observing high levels of development. Rising demand for natural nutritional products, on account of the increasing number of consumers adopting a healthy lifestyle, is projected to propel the market in Asia Pacific over the forecast period.
The Food Safety and Standards Authority of India, the Japan Health and Nutrition Food Association, and the China Food and Drug Administration regulate the use of various ingredients in food & beverage products in their respective countries to ensure quality and consumer safety.
Reasons to subscribe to Asia Pacific functional ingredients market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific functional ingredients market databook
-
Our clientele includes a mix of functional ingredients market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific functional ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific functional ingredients market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific functional ingredients market size, by country, 2016-2027 (US$M)
Asia Pacific Functional Ingredients Market Outlook Share, 2019 & 2027 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
