As per this study the Global Functional Extract Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
The functional extract is the extract derived from functional foods that have an extra nutritional health benefit. It has an abundant amount of phytonutrient, essential elements, which is extracted from the fruits, vegetables, and other natural sources. The functional extract does not affect the taste & texture of the food or drink, it just improves the nutritional profile of the food products.
The growing demand for supplement & health drinks is mainly driving the market growth. The rising consciousness regarding health & wellness with the growing adoption of natural ingredients is further creating high demand for functional extracts. Increasing demand for functional food & beverages is also boosting the growth of this market. On the flip side, the high price of the product is likely to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of functional extract.
The broad functional extract market has been sub-grouped into source type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Source Type
- Tea Leaves
- Other Plants
- Nutritional Supplements
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for functional extract in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Functional Extract Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the functional extract market include Bayir Extracts Pvt Ltd, Blue Sky Botanics Ltd., Döhler GmbH, Frutarom Industries Ltd., FutureCeuticals, Kalsec Inc., Kanegrade Ltd., Martin Bauer Group, MB-Holding GmbH & Co. KG, Synergy Flavors, The Archer Daniels Midland Company, The Green Labs LLC and Van Eeghen Functional Ingredients. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.