The increasing awareness in consumers on the benefits of omega-3 polyunsaturated fatty acids and nutrition is a major key driver for the omega-3 polyunsaturated fatty acids.
More than 75% of US functional food market is dominated by global key players such as Coca Cola Co., Dean Foods, General Mills Inc., Kellogg Co., Kraft Foods, Nestle S.A. and Pepsi Co.
Phytochemicals generated a revenue of $42,844.7 million in 2017 and is estimated to grow at the fastest rate of 11.7% during the forecast period.
Dairy is the largest source for the animal protein ingredients. Dairy proteins which include whey proteins, casein proteins and milk proteins held a share of approximately 50% of the overall market in 2014, followed by Egg protein.
The demand for nutraceutical market for various purposes will observe a definite demand in the future that is projected to observe a healthy compound annual growth rate (CAGR) of 6.80% during the forecast period of 2019 to 2025.
The global flavonoids market was valued at $904.2m in 2018. Furthermore, the demand for flavonoids is estimated to grow at a CAGR of 3.78% during the forecast period 2019-2025.
Milk Protein Concentrate(MPC) are milk products having 40-90% milk protein, MPCâ€™s are manufactured by passing the milk through ultra-filtration process, after the process milk protein concentrate is obtained in a dry powder form.
Growing obesity rates in countries like the U.S. and Mexico boosted the soy protein market, causing North America to register 39% of the global market demand in 2018.
Flourishing packaged food industry combined with increased awareness among consumers regarding nutritional and health benefits of natural food enzymes has boosted the global food enzymes market size to $1,610 million as of 2018.
Dietary Fiber Market is poised to exhibit a CAGR of 9%. North America holds the largest share in the market due to the rapid technology advancements in the function foods and beverage industry .The dietary fiber market in Europe is poised to witness a robust growth during 2016-202