The functional food market size was valued at $177,770.00 million in 2019, and is estimated to reach $267,924.40 million by 2027, registering a CAGR of 6.7% from 2021 to 2027. Functional food is high in nutrients & protein and offers a number of powerful health benefits. People are increasingly consuming additional essential nutrients and protein, which they do not get from regular food in the diet.
Probiotics ingredients are gaining significant traction in the functional food market owing to various benefits such as it improve mental health conditions, and reduce the severity of certain allergies and eczema. It is viable microbial dietary supplements that when introduced in sufficient quantities, beneficially affect human organism through their effects in the intestinal tract.
Growing urbanized population, increasing spending on the health related products and growing cardiovascular, chronic, and obesity linked diseases are majorly driving the growth of the functional food market. Functional food contains sources of omega fatty acid which helps to maintain the weight and control blood circulation in the body. This is why, functional food is increasing suggested by the health clubs and fitness centers.
However, lack of awareness regarding the clinical benefits of functional food and high prices are likely to hamper the growth of the functional food market during the forecast period. Despite the high prices, COVID-19 pandemic has been positively influencing the growth of the functional food market. As people are highly conscious and wish to improve the health and immunity power by consuming highly nutritious food.
The report segments the global functional food market into ingredient, product, application, and region On the basis of ingredient, the market is categorized into probiotics, minerals, proteins & amino acids, prebiotics & dietary fibers, vitamins, others. By product, it is segregated into bakery & cereals, dairy products, meat, fish & eggs, soy products, fats & oils and others. Depending on application, it is divided into sports nutrition, weight management, clinical nutrition, cardio health and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players operating in the market are Danone, Glanbia Plc., Kraft Foods Inc., Meiji Group, Murray Goulburn, Nestle S.A., Raisio Group, Royal FrieslandCampina, Sanitarium Health & Wellbeing Company and Mars, Inc..
Key Benefits for Stakeholders
Key Market Segments
By Ingredient
By Product
By Application
By Region
Probiotics ingredients are gaining significant traction in the functional food market owing to various benefits such as it improve mental health conditions, and reduce the severity of certain allergies and eczema. It is viable microbial dietary supplements that when introduced in sufficient quantities, beneficially affect human organism through their effects in the intestinal tract.
Growing urbanized population, increasing spending on the health related products and growing cardiovascular, chronic, and obesity linked diseases are majorly driving the growth of the functional food market. Functional food contains sources of omega fatty acid which helps to maintain the weight and control blood circulation in the body. This is why, functional food is increasing suggested by the health clubs and fitness centers.
However, lack of awareness regarding the clinical benefits of functional food and high prices are likely to hamper the growth of the functional food market during the forecast period. Despite the high prices, COVID-19 pandemic has been positively influencing the growth of the functional food market. As people are highly conscious and wish to improve the health and immunity power by consuming highly nutritious food.
The report segments the global functional food market into ingredient, product, application, and region On the basis of ingredient, the market is categorized into probiotics, minerals, proteins & amino acids, prebiotics & dietary fibers, vitamins, others. By product, it is segregated into bakery & cereals, dairy products, meat, fish & eggs, soy products, fats & oils and others. Depending on application, it is divided into sports nutrition, weight management, clinical nutrition, cardio health and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players operating in the market are Danone, Glanbia Plc., Kraft Foods Inc., Meiji Group, Murray Goulburn, Nestle S.A., Raisio Group, Royal FrieslandCampina, Sanitarium Health & Wellbeing Company and Mars, Inc..
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the global functional food market, with current and future trends to elucidate the imminent investment pockets in the market.
- Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis of the current market and estimation for the same from 2019 to 2027 is provided to showcase the financial competency of the market.
- Porter’s five forces model of the industry illustrates the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights business practices followed by leading market players across various regions.
Key Market Segments
By Ingredient
- Probiotics
- Minerals
- Proteins & Amino Acids
- Prebiotics & Dietary Fibers
- Vitamins
- Others
By Product
- Bakery & Cereals
- Dairy Products
- Meat, Fish & Eggs
- Soy Products
- Fats & Oils
- Others
By Application
- Sports Nutrition
- Weight Management
- Clinical Nutrition
- Cardio Health
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Functional Food Market, by Ingredient
Chapter 5: Functional Food Market, by Product
Chapter 6: Functional Food Market, by Application
Chapter 7: Functional Food Market, by Region
Chapter 8: Competition Landscape
Chapter 9: Company Profiles
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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