Functional Extracts Market Outlook
The functional extracts are concentrated phytonutrients which are available naturally in most of the vegetables, plants, and fruits. Functional extracts are the extracts derived from sources like plants, vegetables, and fruits. Functional extracts play an important role in increasing the nutritional levels of food products, supplements, and drinks. Some of the plants, vegetables, and fruits used in the extracting of the ingredients are apple, grass, almond, alfalfa grass and many such products. Addition of functional extracts in the products does not change its taste or feel. These are absolutely natural and organic in nature. Functional extracts are essential and are used to enhance the overall nutritional value of the food and beverage. The key regions that are involved in the global functional extracts market include North American, Asian, and European countries. Some of the leading players in the global functional extracts market are Applied Food Sciences Inc., FutureCeuticals Inc., Morre-Tec Industries Inc., Kerry Inc., Pure World Inc., Naturex Inc., and VF Bioscience SAS.
Awareness Regarding Health Benefits of Organic Products Is Driving the Functional Extracts Market
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The overall functional extracts market is booming rapidly across the globe. The major driver that is driving the demand for the functional extracts market is the increase in the use and consumption of organic products in the food and beverages, cosmetics, pharmaceuticals, and other industries. Consumers are demanding the use of natural and organic ingredients in these products which are driving the functional extracts market at a rapid pace. The growing trend of consumers’ inclination towards organic and natural food products is driving the global functional extracts market. There is also an increased awareness amongst people regarding the benefits one gets from by using and consuming naturally extracted products which is supporting the growth of the functional extracts market. The growth is observed due to increased production and consumption of the nutritional food in the market. The main restraint in the functional extracts market is the availability of substitutes and a very low supply of raw materials.
The manufacturers in the functional extracts have huge opportunities in the market. A large number of players are offering a variety of functional extracts in the market. There is increased competition with increased research and developments in the functional extracts market. Manufacturers of functional extracts have huge opportunities as a consequence of increased investments in food and beverages, pharmaceuticals, and cosmetics and personal care industries. The market participants also have the immense opportunity in the research and development of the use of functional extracts, in developing new technology and solutions. The manufacturers also have opportunities in expanding their businesses into varied operations. Recently, Archer Daniels Midland Company had announced that it will be expanding its functional plant-based extracts business into green tea, acerola, and other ingredients.
Functional Extracts Market Segmentation
The functional extracts market is segmented on the basis of nature, application, and the source.
On the basis of nature, the functional extracts market can be segmented as:
On the basis of application, the functional extracts market can be segmented as:
- Food and beverages Drinks Dairy Dietary supplements Food Human nutrition
- Animal nutrition
- Personal care Cosmetics Hair care Skin care
On the basis of source, the functional extracts market can be segmented as:
Functional Extracts Market: Regional Analysis
The countries that are largely involved in the global functional extracts market are Germany, the US, China, the UK, Thailand, India, and Brazil.
Functional Extracts Market: Key Participants
Some of the market participants in the functional extracts market are:
- Archer Daniels Midland Company
- Green Source Organics
- The Green Labs LLC
- Bell Flavors and Fragrances
- Applied Food Sciences Inc.
- FutureCeuticals Inc.
- Morre-Tec Industries Inc.
- Kerry Inc.
- Pure World Inc.
- Naturex Inc.
- VF Bioscience SAS
- NOF America Corporation
- Teawolf LLC
- Kalsec Inc.
- Tianjiang Pharmaceutical Co., Ltd.
The research report presents a comprehensive assessment of the functional extracts market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as nature, application, and source.
The report covers exhaustive analysis on:
- Functional Extracts Market Segments
- Functional Extracts Market Dynamics
- Functional Extracts Market Size
- Functional Extracts Supply and Demand
- Current Trends/Issues/Challenges pertaining to Functional Extracts Market
- Competition Landscape and Emerging Market Participants in Functional Extracts Market
- Technology related to Production/Processing of Functional Extracts
- Value Chain Analysis of the Functional Extracts Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Download table of contents with figures & tables:
- Detailed overview of parent market
- Changing dynamics of the functional extracts market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the functional extracts market
- Competitive landscape of the functional extracts market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on functional extracts market performance
- Must-have information for functional extracts market players to sustain and enhance their market footprint