India Functional Ingredients Market Size & Outlook
India functional ingredients market, 2016-2027 (US$M)
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India functional ingredients market highlights
- The India functional ingredients market generated a revenue of USD 459.1 million in 2019 and is expected to reach USD 627.7 million by 2027.
- The India market is expected to grow at a CAGR of 4% 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 459.1 million |
| Market revenue in 2027 | USD 627.7 million |
| Growth rate | 4% (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, India accounted for 0.7% 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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India 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 52.49% in 2019. Horizon Databook has segmented the India 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.
India is one of the fastest-growing economies in the world and is a lucrative destination for investing. Governmental policy reforms designed to accelerate foreign investment and huge potential offered by the new-age Indian consumers create an exciting growth avenue for brand owners to securely invest in the country, which, in turn, is expected to drive functional ingredients market in the country.
Functional food market, on the other hand, is in its nascent phase, with its consumer base mainly comprising urban dwellers and young population with dual income sources. According to All India Food Processors Association, major growth is being witnessed in product segments such as malted health beverages, baby food, edible oils, sports nutrition, and fortified milk.
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Our clientele includes a mix of functional ingredients market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India functional ingredients market , including forecasts for subscribers. This country databook contains high-level insights into India functional ingredients market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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India functional ingredients market size, by product, 2016-2027 (US$M)
India Functional Ingredients Market Outlook Share, 2019 & 2027 (US$M)
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