Global Functional Ingredients Market: Regional Insights
Based on geography, the global functional ingredients market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America is expected to dominate the global functional ingredients market and is expected to continue its dominance over the forecast period. This is attributed to the rising popularity of functional foods and the availability of varieties in restaurants and other food outlets.
Asia Pacific is expected to be the second leading region in the global market over the forecast owing to the booming economies of China, India, and Japan. These countries are characterized by a growing middle class population that is spending heavily on nutritional supplements and healthy foods. This is projected to offer lucrative opportunities for the manufacturers of these ingredients in the coming years.
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