Multifunctional Food Ingredients Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2022-2032

The multifunctional food ingredients market was valued at USD 134.7 billion in 2020 and is projected to reach USD 178.3 billion by 2025, recording a CAGR of 7.9% during the forecast period. Gums, gluten, lipids, and other costly or harmful substances are replaced with multifunctional food ingredients.

Food ingredients are used in food manufacturing industry to get desired product quality. Multifunctional food ingredients is defined as, ingredients which are used to replace gums, gluten, fats and other expensive ingredients. These ingredients ensures food safety and enhances shelf life, increases product yield, maintains taste, texture and appearance. In meat and poultry industry, multifunctional ingredients are used to provide safety of production during storage, to increase firmness of products, and also provide optimum indicators of rheological and thermodynamic characteristics, it helps to achieve the improved consistence and moisture holding ability of finished goods.

Oat derived multifunctional ingredients are used in bakery products to extend shelf life as it hinders the moisture migration. It also helps to improves volume and yield, enhances texture and improves nutritional value of finished products. Multifunctional food ingredient are also derived from food grade yeast and it is used to improve the flavour of fat reduced salad dressings which are pourable and this addition reduces the acid bite of added vinegar. The addition yeast extract results in a smoother and balanced flavour. Addition of multifunctional ingredient does not increases viscosity.

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Multifunctional Food Ingredients Market: Segmentation

Multifunctional food ingredients are segmented on the basis of ingredient type, applications and region. On the basis of ingredient type, multifunctional food ingredients market is segmented as flavours and emulsions, yeast extracts, oat extracts, bulking agents, fibers, hydrocolloids, and others (dairy powders). Among these segments hydrocolloids is expected to grow during forecast period. Multifunctional fibers are made from fruits and vegetable peal and pulp are used to replace expensive ingredients such as eggs, oil and pectin. With increasing application of bulking agents, this segment is expected to show fastest growth in near future.

Multifunctional food ingredients market is segmented on the basis of application type, includes dairy product, bakery and confectionery products, meat and poultry, dessert and toppings, and processed food products. Among these segments meat and poultry represents the mature market and expected to be dominant during forecast period. Multifunctional food ingredients are used in confectionery products to increase flavor intensity and taste enhancement and it ensures product stability during shelf life. Multifunctional flaxseed ingredients are used as gum replacer in cereal products such as tortillas, gluten-free products, pizza crusts, sheeted dough, batters and breads.

Multifunctional Food Ingredients Market: Region-wise Outlook

Multifunctional food ingredients market is segmented on the basis of region includes North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. North America and Europe are established markets for multifunctional food ingredients. With increasing demands for processed food and ready-to-eat products, multifunctional food ingredients market is expected to register healthy CAGR during forecast period.

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Multifunctional Food Ingredients Market: Drivers

Consumers demand for clean label products and natural ingredients are major drivers for multifunctional food ingredient market. As companies are launching new ingredient blends with all natural ingredients which can be used to improve product quality without processing loss. In early 2015, Corbian launched new range of multifunctional food ingredients for meat and poultry products. Many companies are launching new products to fulfill the different gender specific requirements. For instance, in 2015 NutraGenesis LLC launched functional ingredient called Sensara which can be used in foods and beverages and it provides wellness benefits to nourish and protect a woman’s mind and body. Marine sources are used as a raw material for multifunctional food ingredients, algae is most commonly used because of its oil content, fiber content and the small particle size. Algal flour acts as multifunctional food ingredients and it can be used in bakery products such as breads, dough products, dressing, sauces and nutritional beverages.

Multifunctional Food Ingredients Market: Key Players

The key international players operating in multifunctional food ingredients market includes AlgaVia, Arla Foods Ingredients, Ashland Inc., Butter Buds Inc., E & R Food Ingredients B.V., Florida Food, Inc., Fiberstar, Inc., Z Trim Holdings, Inc., NutraGenesis LLC., Glanbia Nutritionals, Solazyme and many others.

Regional analysis for Multifunctional Food Ingredients Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Argentina & Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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Frequently Asked Questions

  • What is the Growth Outlook for the Multifunctional Food Ingredients Market?
  • Who are the Key Players in the Multifunctional Food Ingredients Market?
  • What is the Future of the Multifunctional Food Ingredients Market?
  • Which is the Key Driver in the Multifunctional Food Ingredients Market?

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