The global functional food ingredients market size is estimated to be valued at USD 98.9 billion in 2021, recording a CAGR of 7.9% during the forecast period.
Functional ingredients are those ingredients that have disease-preventing, energy-boosting, and health-promoting advantages. The elements that will be added to the end product are expected to be an extract from a natural source of the active ingredient.
The inclination toward nutritional and convenience food and the rise in demand for fortified food & beverage products are some of the factors that have supported long-term expansion for Functional Food Ingredients Market.