North America Functional Ingredients Market Size & Outlook
North America functional ingredients market, 2016-2027 (US$M)
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North America functional ingredients market highlights
- The North America functional ingredients market generated a revenue of USD 21,175.4 million in 2019.
- The market is expected to grow at a CAGR of 5.5% 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, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 21,175.4 million |
| Market revenue in 2027 | USD 32,595.4 million |
| Growth rate | 5.5% (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, North America region accounted for 33.0% 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.
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Functional Ingredients Market Scope
Functional Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 52.3% in 2019. Horizon Databook has segmented the North America 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.
The U.S. dominated the region in terms of revenue, as of 2019, with a share of 61.2% followed by Mexico and Canada. Growing health concerns and increasing health issues such as diabetes, obesity, and digestive disorders are the major factors that are likely to assist the market growth over the forecast period.
Moreover, technological advancements and high adoption rate of new products in the country are estimated to play a key role in increasing functional ingredients demand over the forecast period. In terms of volume, modified starch product segment dominated the North America market in 2019 owing to its high demand from countries such as the U.S.
The growing importance of low-fat food in the country is expected to drive the modified starch market growth in the U.S. as it is one of the leading producers of corn and corn starch in the world. The modified starch market in the U.S. is anticipated to grow significantly over the forecast period on account of high production levels and high amount of exports.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America functional ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into North America functional ingredients market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America functional ingredients market size, by country, 2016-2027 (US$M)
North America Functional Ingredients Market Outlook Share, 2019 & 2027 (US$M)
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