TMR’s latest report on global Functional Extract market
The recent market intelligence study by Transparency Market Research elaborates the all in all perspective of the worldwide Functional Extract market, from its historical growth through the future outlook. The report is scrutinized on the basis of product type, end use, region and market players. Each segment depicted based on market share, revenue, and demand prospect.
Analysts at TMR find that the global Functional Extract market reached a value of ~US$ xx Mn/Bn in 2018 and is anticipated to grow at CAGR of xx% during the forecast period 2019-2029. The growth is primarily driven by increasing demand for Functional Extract among the consumers, better disposable income, and enhanced GDP in developing countries.
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The functional extract market is segmented into source, application type, form, and geography. Among application type, food and beverages segment is the leading segment of functional extract market attributed to growing concerns for health and wellness among consumers.
Functional extracts can be used in the form of powder and liquid, with the usage in nutritional powder products and beverage manufacturing process respectively. Demand for the healthy food and nutritional supplements enhance the market growth of functional extracts.
Based on the source type, the functional extract market is segmented into:
- Tea leaves
- Other plants
Based on the application type, the functional extract market is segmented into:
- Iced teas
- Dairy drinks
- Flavored drinks.
- Nutritional supplements
- Supplement powders
- Malts and drinks.
Based on the form type, the functional extract market is segmented into:
Functional extract market: Regional outlook
Based on geography, the functional extract market is categorized into seven key regions including North America, Japan, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Latin America and The Middle East and Africa. Functional extract market is expected to register healthy growth in upcoming years due to high demand for food and nutritional supplements for health and wellness among consumers across the globe. The Asia Pacific represents the considerably high market share and grows with the relatively high growth rate in the forecast period. North America and Europe are the leading in terms of revenue in the functional extract market.
Rising awareness among young population is driving the market for functional extract among the regions such as Asia Pacific and North America. Functional extract market is projected to register healthy growth due to rising consumption of the nutritional food and beverages across the globe. Asia Pacific region is expected to witness rapid growth during the forecast primarily attributed to the growth of the nutritional food and supplements, especially in China and India.
Functional Extract Market: Key Players
Following are some of the key players identified in the Functional Extract Market:
- Döhler GmbH
- Synergy Flavors
- Kalsec Inc.
- Blue Sky Botanics Ltd.
- MB-Holding GmbH & Co. KG
- Frutarom Industries Ltd.
- The Archer Daniels Midland Company
- Bayir Extracts Pvt Ltd
- Martin Bauer Group
- Kanegrade Ltd.
- The Green Labs LLC
- Van Eeghen Functional Ingredients
- Other Key players
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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After reading the Functional Extract market report, readers can:
- Understand the drivers, restraints, opportunities and trends that impact the overall growth of the Functional Extract market.
- Grasp the market outlook in terms of value and volume.
- Study the strengths, weaknesses, opportunities and threats of each stakeholder operating in the Functional Extract market.
- Learn about the manufacturing techniques of Functional Extract in brief.
- Figure out the positive and negative factors impacting the product sales.
What kind of questions the Functional Extract market report answers?
- Why is region witnessing the slowest demand growth for Functional Extract ?
- What kind of agreements are the players entering into in the global Functional Extract market?
- Which sub-segment will lead the global Functional Extract market by 2029 by product?
- Which Functional Extract market players hold significant shares in terms of value and volume?
- What alternatives are consumers looking for in the global Functional Extract market?
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