China Functional Ingredients Market Size & Outlook
China functional ingredients market, 2016-2027 (US$M)
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China functional ingredients market highlights
- The China functional ingredients market generated a revenue of USD 5,932.8 million in 2019 and is expected to reach USD 11,076.4 million by 2027.
- The China market is expected to grow at a CAGR of 8.1% 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.
Functional ingredients market data book summary
| Market revenue in 2019 | USD 5,932.8 million |
| Market revenue in 2027 | USD 11,076.4 million |
| Growth rate | 8.1% (CAGR from 2019 to 2027) |
| Largest segment | Pobiotics |
| Fastest growing segment | Rice protein |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 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, China accounted for 9.3% of the global functional ingredients market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China functional ingredients market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,076.4 million by 2027.
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Functional Ingredients Market Scope
Functional Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 52.36% in 2019. Horizon Databook has segmented the China 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.
Rising disposable income and rapid urbanization in China have led to changes in consumer lifestyle and food consumption trends in the country. China has witnessed a significant increase in its per capita consumption of functional ingredients in recent years. The growing urban expenditure on functional and healthy food in the country is anticipated to be a key factor boosting the functional ingredients market in China.
In addition, the shifting trend towards a healthy lifestyle coupled with increasing consumer purchasing power, and rising awareness about the safety of food is expected drive the demand for functional food products thereby propelling the demand for functional ingredients over the forecast period.
According to the World Heart Federation, non-communicable diseases including cardiovascular diseases accounted for around 87% of the total adult deaths in China. Thus, the rising number of noncommunicable diseases such as heart diseases, diabetes, and cancer among others are further anticipated to drive the demand for healthy food products including fortified functional foods.
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Our clientele includes a mix of functional ingredients market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 country-level data and insights on the China functional ingredients market , including forecasts for subscribers. This country databook contains high-level insights into China functional ingredients market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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China functional ingredients market size, by product, 2016-2027 (US$M)
China Functional Ingredients Market Outlook Share, 2019 & 2027 (US$M)
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