Product Code: ETC4538905 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India functional food ingredients market import shipment demonstrated robust growth with a CAGR of 16.2% from 2020 to 2024. The growth rate notably accelerated by 48.6% between 2023 and 2024, indicating a significant expansion trend driven by increasing demand and market momentum.
The India functional food ingredients market is witnessing significant growth as consumers seek food products that offer additional health benefits. Functional food ingredients include a range of compounds, such as probiotics, omega-3 fatty acids, and antioxidants, that provide specific health advantages beyond basic nutrition. As consumers become more health-conscious and interested in wellness-oriented dietary choices, the demand for functional food ingredients has increased. Manufacturers are responding by incorporating these ingredients into a variety of food and beverage products, contributing to the market`s expansion.
The India functional food ingredients market is growing due to the increasing emphasis on health and wellness among consumers. People are looking for foods and beverages that offer specific health benefits beyond basic nutrition. Functional food ingredients, such as probiotics, prebiotics, antioxidants, and omega-3 fatty acids, are gaining popularity as consumers seek to address various health concerns. The market`s expansion is also influenced by the government`s initiatives to promote a healthier lifestyle and the presence of a young, health-conscious population. Manufacturers are continually innovating to create functional products that cater to these evolving consumer preferences.
The India functional food ingredients market confronts challenges in meeting the demand for health and wellness-focused products. Regulatory compliance and safety standards are critical, requiring adherence to stringent regulations for functional food ingredients. Consumer education and awareness about the benefits of functional ingredients play a crucial role in market growth, necessitating investment in marketing and informative campaigns. Fluctuations in raw material prices and supply can impact production costs and affect product affordability. Moreover, competition from alternative health-focused products drives the need for innovation and differentiation to capture market share.
The functional food ingredients market saw increased interest during the pandemic as consumers became more health-conscious. There was a growing demand for ingredients with immunity-boosting and nutritional properties, which led to market expansion.
Key players in the India functional food ingredients market include BASF SE, DuPont Nutrition & Biosciences, ADM, and Cargill.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Functional Food Ingredients Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Functional Food Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 India Functional Food Ingredients Market - Industry Life Cycle |
3.4 India Functional Food Ingredients Market - Porter's Five Forces |
3.5 India Functional Food Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Functional Food Ingredients Market Revenues & Volume Share, By Health Benefits, 2021 & 2031F |
4 India Functional Food Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness among Indian consumers |
4.2.2 Rising disposable income leading to higher spending on functional foods |
4.2.3 Growing awareness about the benefits of functional food ingredients in India |
4.3 Market Restraints |
4.3.1 Lack of awareness about specific functional food ingredients and their benefits |
4.3.2 Price sensitivity among Indian consumers |
4.3.3 Limited availability of functional food products in some regions of India |
5 India Functional Food Ingredients Market Trends |
6 India Functional Food Ingredients Market, By Types |
6.1 India Functional Food Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Functional Food Ingredients Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Functional Food Ingredients Market Revenues & Volume, By Probiotics, 2021-2031F |
6.1.4 India Functional Food Ingredients Market Revenues & Volume, By Prebiotics, 2021-2031F |
6.1.5 India Functional Food Ingredients Market Revenues & Volume, By Proteins & Amino Acids, 2021-2031F |
6.1.6 India Functional Food Ingredients Market Revenues & Volume, By Phytochemicals & Plant Extracts, 2021-2031F |
6.1.7 India Functional Food Ingredients Market Revenues & Volume, By Omega-3 Fatty Acids, 2021-2031F |
6.1.8 India Functional Food Ingredients Market Revenues & Volume, By Carotenoids, 2021-2031F |
6.2 India Functional Food Ingredients Market, By Health Benefits |
6.2.1 Overview and Analysis |
6.2.2 India Functional Food Ingredients Market Revenues & Volume, By Gut health, 2021-2031F |
6.2.3 India Functional Food Ingredients Market Revenues & Volume, By Cardiovascular health, 2021-2031F |
6.2.4 India Functional Food Ingredients Market Revenues & Volume, By Bone health, 2021-2031F |
6.2.5 India Functional Food Ingredients Market Revenues & Volume, By Immunity, 2021-2031F |
6.2.6 India Functional Food Ingredients Market Revenues & Volume, By Nutritive health, 2021-2031F |
6.2.7 India Functional Food Ingredients Market Revenues & Volume, By Weight management, 2021-2031F |
7 India Functional Food Ingredients Market Import-Export Trade Statistics |
7.1 India Functional Food Ingredients Market Export to Major Countries |
7.2 India Functional Food Ingredients Market Imports from Major Countries |
8 India Functional Food Ingredients Market Key Performance Indicators |
8.1 Number of new product launches incorporating functional food ingredients |
8.2 Growth in the number of health-conscious consumers in India |
8.3 Adoption rate of functional food ingredients in traditional Indian recipes |
9 India Functional Food Ingredients Market - Opportunity Assessment |
9.1 India Functional Food Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Functional Food Ingredients Market Opportunity Assessment, By Health Benefits, 2021 & 2031F |
10 India Functional Food Ingredients Market - Competitive Landscape |
10.1 India Functional Food Ingredients Market Revenue Share, By Companies, 2024 |
10.2 India Functional Food Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |