UK Functional Ingredients Market Size & Outlook, 2019-2027
UK functional ingredients market, 2016-2027 (US$M)
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UK functional ingredients market highlights
- The UK functional ingredients market generated a revenue of USD 2,477.2 million in 2019 and is expected to reach USD 4,165.8 million by 2027.
- The UK market is expected to grow at a CAGR of 6.7% 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 2,477.2 million |
| Market revenue in 2027 | USD 4,165.8 million |
| Growth rate | 6.7% (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, UK accounted for 3.9% 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 Europe, Germany functional ingredients market is projected to lead the regional market in terms of revenue in 2027.
- UK is the fastest growing regional market in Europe and is projected to reach USD 4,165.8 million by 2027.
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Functional Ingredients Market Scope
Functional Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 52.45% in 2019. Horizon Databook has segmented the UK 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.
Growing health concerns and increasing health issues such as diabetes, obesity, and digestive disorders are the major factors assisting the growth of the regional market over the forecast period. In UK, probiotics demand for food & beverages was high the market in 2019, followed by probiotic dietary supplements.
Although modified starch is a dominant product type in the country in terms of consumption, the market has been experiencing a demand-supply gap for modified starch since 2018, owing to the BREXIT. This is expected to be resolved through transition agreement between the EU and the UK, which is expected to support the market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK functional ingredients market , including forecasts for subscribers. This country databook contains high-level insights into UK functional ingredients market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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UK functional ingredients market size, by product, 2016-2027 (US$M)
UK Functional Ingredients Market Outlook Share, 2019 & 2027 (US$M)
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