U.S. Functional Ingredients Market Size & Outlook
U.S. functional ingredients market, 2016-2027 (US$M)
Related Markets
U.S. functional ingredients market highlights
- The U.S. functional ingredients market generated a revenue of USD 12,920.6 million in 2019 and is expected to reach USD 19,324.4 million by 2027.
- The U.S. market is expected to grow at a CAGR of 5.2% 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 12,920.6 million |
| Market revenue in 2027 | USD 19,324.4 million |
| Growth rate | 5.2% (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, U.S. accounted for 20.1% 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 North America, U.S. functional ingredients market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 19,324.4 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 |
|---|
U.S. 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 52.35% in 2019. Horizon Databook has segmented the U.S. 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 demand for the product in this country is highly influenced by its growing vegan population, high focus on the use of natural & organic food ingredients, and the presence of key manufacturers with wide distribution networks. Moreover, extensive consumption of resistant starch in the food & beverage industry to reduce weight fuels the demand for low-fat food products such as cereals, which, in turn, is projected to drive the overall market growth over the forecast period.
By product, probiotics segment dominated the U.S. functional ingredient market in 2019. This can be attributed to the presence of large probiotic beverage manufacturers, such as PepsiCo, Inc., in the country. The increasing demand for natural substitutes such as kombucha, tempeh, and yogurt is likely to slow down the market growth over the forecast period despite high demand for probiotic ingredients.
Reasons to subscribe to U.S. 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 U.S. 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 country-level data and insights on the U.S. functional ingredients market , including forecasts for subscribers. This country databook contains high-level insights into U.S. functional ingredients market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. functional ingredients market size, by product, 2016-2027 (US$M)
U.S. 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
