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Functional Foods and Drinks - Global Market Trajectory & Analytics

  • ID: 344056
  • Report
  • May 2021
  • Region: Global
  • 826 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Abbott Nutrition
  • Ceapro, Inc.
  • Danone SA
  • Glanbia Plc
  • Meiji Holdings Co., Ltd.
  • Rockstar Inc.

Global Functional Foods and Drinks Market to Reach $229.1 Billion by 2027


Amid the COVID-19 crisis, the global market for Functional Foods and Drinks estimated at US$149.4 Billion in the year 2020, is projected to reach a revised size of US$229.1 Billion by 2027, growing at a CAGR of 6.3% over the analysis period 2020-2027. Beverages, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$83.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dairy Products segment is readjusted to a revised 6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $51.8 Billion, While China is Forecast to Grow at 10.3% CAGR


The Functional Foods and Drinks market in the U.S. is estimated at US$51.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$29.8 Billion by the year 2027 trailing a CAGR of 10.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.

Cereals & Grains Segment to Record 5.5% CAGR


In the global Cereals & Grains segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$29.6 Billion in the year 2020 will reach a projected size of US$42.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$18.2 Billion by the year 2027, while Latin America will expand at a 5.2% CAGR through the analysis period.

Select Competitors (Total 317 Featured) -

  • Abbott Nutrition
  • ABF Ingredients, Ltd.
  • Amway Corporation
  • Archer Daniels Midland Company
  • Arla Foods amba
  • BASF SE
  • Ceapro, Inc.
  • Celsius Holdings, Inc.
  • Coca-Cola Co.
  • Monster Beverage Corporation
  • CytoSport, Inc.
  • Daflorn Ltd.
  • Dali Foods Group Co., Ltd.
  • Danone SA
  • Del Monte Pacific Limited
  • Keurig Dr Pepper
  • General Mills, Inc.
  • Glanbia Plc
  • Glanbia Nutritionals Limited
  • MaxiNutrition
  • GNC Holdings, Inc.
  • Hangzhou Wahaha Group Co., Ltd.
  • Herbalife International, Inc.
  • Kellogg Company
  • Meiji Holdings Co., Ltd.
  • Natural Products, Inc.
  • Nestlé S.A.
  • Otsuka Pharmaceutical Co., Ltd.
  • PepsiCo Inc.
  • The Quaker Oats Company, Inc.
  • Post Holdings, Inc.
  • Dymatize Enterprises, LLC
  • Rockstar Inc.
  • Royal FrieslandCampina N.V.
  • DMV International BV
  • Suntory Holdings Limited
  • TC Pharmaceutical Industries Co., Ltd.
  • The Hain Celestial Group, Inc.
  • Unilever plc
  • Valio Ltd.
  • Yakult Honsha Co., Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbott Nutrition
  • Ceapro, Inc.
  • Danone SA
  • Glanbia Plc
  • Meiji Holdings Co., Ltd.
  • Rockstar Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • From Food Security to Health Security, the Pandemic Sends Functional Foods Cruising Down a New Road of Opportunity
  • Pandemics in Recent History
  • Health & Wellness Trend Catalyzes Growth of Global Functional Foods & Drinks Market
  • The Functional Foods & Beverages Ecosystem
  • Outlook
  • Growth Drivers in a Nutshell
  • Factors Restraining Growth
  • Geographic Market Analysis
  • Developing Countries Spearhead Current and Future Market Growth
  • Competition
  • Functional Foods and Drinks: A Fragmented Market
  • Consolidation Continues to Shape the Market Landscape
  • Regional and Cultural Customization: Important for Success in the Emerging Markets
  • Strong Research Backup and Media Publicity: Key Product Differentiators
  • Pharmaceutical and Food Companies Join the Bandwagon
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Growing Focus on Healthier Lifestyles to Boost Growth
  • Focus Grows on Natural Foods and Clean Label
  • Growing Focus on Digestive Health and Wellness Augurs Well for Market Growth
  • Probiotics Remain the Preferred Ingredient for Gut Health Foods
  • Exhibit 1: Global Market for Digestive Health Food & Drinks by Ingredients: 2019
  • Dairy-Based Functional Yogurt: The Most Popular Probiotic Food
  • Protein-Fortified Products Rise in Demand
  • Consumers Pay Attention to Food Processing
  • Entry of Fat in Dietary Stage Show as Humble Participant Presents New Growth Avenues for Functional Food & Drinks Market
  • Organic Functional Foods: Crossover of Organics and Functional Foods
  • Mood Enhancers Gain Momentum
  • Cereals and Grains: A Steadily Growing Functional Food Category
  • Personalization and Fragmentation Transform the Market
  • Nanotechnology Evolves as a Boon for Functional Food Manufacturers
  • Nanoencapsulation Improves Delivery and Bioavailability
  • Emergence of Fit & Active Consumer Drives Sports Nutrition Market Mainstream
  • Exhibit 2: Global Functional Drinks Market by Segment: 2019
  • Exhibit 3: Number of Health and Fitness Clubs Worldwide (in Thousands): 2009-2019
  • More Natural, Organic and Functional Versions to Drive Energy Drinks Growth
  • Soy-based Functional Beverages Become Mainstream, Bodes Well for the Market
  • Antioxidants Gain Importance in Functional Beverages
  • Growing Popularity of Waters Tapped from Fruits and Trees
  • Plant-Centric Demand to Buoy Functional Foods & Drinks Market
  • Plants in Convenient Formats
  • Plant Milk for Digestive Wellness
  • Plant-based Burgers
  • Evolution of Omega-3 as the Most Popular Heart-Healthy Ingredient Drive Demand for Marine Functional Food Ingredients
  • Health Benefits of Few Marine-derived Functional Food Ingredients
  • Myriad Benefits of Beta Carotene Drive Applications in Health and Functional Foods
  • Superior Attributes of Functional Snacks and Bars over Traditional Bar Drive Healthy Demand
  • Growing Prominence of Functional Foods and Drinks in Weight Management Augurs Well for Market Demand
  • Exhibit 4: Global Obesity Epidemic: Percentage of Overweight, Obese, andSeverely Obese Adults for 2014 & 2025
  • Innovations Drive Market Expansion
  • Select Innovations & Advancements
  • Digital Marketing Opens Up New Avenues of Growth
  • Demographic Drivers
  • Millennials Inclination towards Fitness and the Ensuing Focus on Functional Foods and Drinks Drive Market Gains
  • Exhibit 5: Global Millenials Population Spread by Region : 2019
  • Millennial Population as a Percentage (%) of Total Population in Select Countries: 2019
  • Focus of Young Women on Healthy Living Due to Increasing Spending Power and Delayed Motherhood Benefit Market Expansion
  • Bone and Heart Health Functional Food Witness Heightened Interest from the Aging Population
  • Exhibit 21: Global Population Statistics for 65+ Age Group by Region: 2019 and 2050
  • Increasing Incidence of Chronic Diseases Boosts Demand for Functional Foods and Drinks
  • Exhibit 6: Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025, and 2030
  • Exhibit 14: World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Increasing Cancer Incidence and Growing Interest in Functional Foods
  • Exhibit 7: Worldwide Incidence of Cancer (2013, 2020 & 2030): Number of New Cases Diagnosed
  • Increasing Healthcare Costs and the Resulting Need for Preventive Medication Benefit Demand for Functional Foods and Drinks
  • Exhibit 8: Healthcare Expenditure as a % of GDP by Region for 2019
  • Growing Middle Class Population Propels
  • Exhibit 9: Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Appendix
  • Major Functional Foods, their Functional Components and Health Benefits Summarized
  • Major Functional Spices and their Health Benefits Summarized
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Market Overview
  • Covid-19 Triggers Interest in Immunity Boosting Diet
  • Other Factors Driving Growth
  • Factors Restraining Growth
  • Rise in Popularity of Healthy Functional Beverages
  • Sports and Energy Drinks: A Dominant Market
  • Performance and Nutritional Drinks Steadily Replace Traditional Meals
  • Baby Boom Opens New Window of Opportunity for Functional Foods & Drinks for Kid’s Health
  • Rise in Demand for Products that Promote Gut and Digestive Health
  • Consumers Watch Diets for Different Aspects
  • Health Concerns among American Consumers
  • Aging Population: A Prime Target for Functional Food Makers
  • Exhibit 10: Population of 65+ Age Group (in Thousands) in the US for 2019 and 2030
  • Regulatory Environment
CANADA
  • Market Overview
  • A Key Supplier for Functional Ingredients and Foods
JAPAN
  • Market Overview
  • Aging Population: A Prime Target for Functional Food Makers
  • Exhibit 11: Japanese Elderly (65+ Years) Population: 2000-2050
CHINA
  • Market Overview
EUROPE
  • Consumer Focus on Health and Wellness Boost Growth Prospects
  • Functional Drinks with Herbal Extracts Hold Strong Potential
  • Changing Demographics Propel Market Growth
  • Exhibit 12: European Population By Age Group (2020 & 2040): Percentage Share Breakdown of Age Groups 0-19, 20-39, 40-59, 60-79, and 80+
  • Demand for Yogurt Drinks on Rise
FRANCE
  • Market Overview
GERMANY
  • Increasing Focus on Health and Wellness Drive Market Demand
  • Exhibit 13: Market Share of Leading Functional Drink Companies in Germany (2019)
ITALY

UNITED KINGDOM
  • Market Overview
  • Regulatory Environment
SPAIN
  • Market Overview
RUSSIA
  • Market Overview
REST OF EUROPE
  • Austria
  • Finland
ASIA-PACIFIC
  • Market Overview
  • Challenges Confronting the Market
AUSTRALIA

INDIA
  • Lucrative Opportunities for Functional Foods and Drinks
  • Factors Restraining Growth
SOUTH KOREA
  • Market Overview
REST OF ASIA-PACIFIC

LATIN AMERICA
  • Market Overview
ARGENTINA

BRAZIL
  • Market Overview
MEXICO
  • Market Overview
REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 317
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Abbott Nutrition
  • ABF Ingredients, Ltd.
  • Amway Corporation
  • Archer Daniels Midland Company
  • Arla Foods amba
  • BASF SE
  • Ceapro, Inc.
  • Celsius Holdings, Inc.
  • Coca-Cola Co.
  • Monster Beverage Corporation
  • CytoSport, Inc.
  • Daflorn Ltd.
  • Dali Foods Group Co., Ltd.
  • Danone SA
  • Del Monte Pacific Limited
  • Keurig Dr Pepper
  • General Mills, Inc.
  • Glanbia Plc
  • Glanbia Nutritionals Limited
  • MaxiNutrition
  • GNC Holdings, Inc.
  • Hangzhou Wahaha Group Co., Ltd.
  • Herbalife International, Inc.
  • Kellogg Company
  • Meiji Holdings Co., Ltd.
  • Natural Products, Inc.
  • Nestlé S.A.
  • Otsuka Pharmaceutical Co., Ltd.
  • PepsiCo Inc.
  • The Quaker Oats Company, Inc.
  • Post Holdings, Inc.
  • Dymatize Enterprises, LLC
  • Rockstar Inc.
  • Royal FrieslandCampina N.V.
  • DMV International BV
  • Suntory Holdings Limited
  • TC Pharmaceutical Industries Co., Ltd.
  • The Hain Celestial Group, Inc.
  • Unilever plc
  • Valio Ltd.
  • Yakult Honsha Co., Ltd.
Note: Product cover images may vary from those shown
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