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Functional Foods and Drinks - Global Market Trajectory & Analytics

  • ID: 344056
  • Report
  • July 2020
  • Region: Global
  • 826 Pages
  • Global Industry Analysts, Inc
It is a massive opportunity in a healthcare crisis for Functional Foods and Drinks, as all focus shifts towards boosting the immunity in fighting the disease in the absence of known cure and treatment. The global market is projected to reach a revised size of US$229. 1 billion by 2027. While rising focus on healthy diets with disease-preventing, longevity-increasing, and health-promoting functional nutrients has always been a key growth driver, the current pandemic has catalyzed the trend further. The COVID-19 pandemic has thrown the focus on boosting the immune system to fight infectious diseases. With more pandemics expected to follow coupled with climate change and nutrient depletion in food staples, functional food is emerging as the best strategy to tackle nutrition related immune system compromises. A robust immune system plays a key role in tackling unknown pathogens like COVID-19. With no vaccine on cards for another year, the immune systems will need to adapt unaided to fight COVID-19. The many benefits of functional foods that now make them now more than ever vitally important in diets include therapeutic benefits such as cholesterol reduction, weight management, etc. ; disease preventive benefits such as reducing the risk of heart disease, cancer, osteoporosis, diabetes, renal diseases etc. ; and effective safeguard against dietary deficiency diseases.

The market remains in an especially strong position given the robust R&D investments already sunk into food and nutrition sciences. More tighter food regulations in light of the fact that the novel corona virus emerged from the animal food market; improvements in safety profiles; rapidly aging, health-conscious population; development of new bioactive substances and modified food ingredients designed to provide health benefit beyond basic nutrition; rising wave of consumer self-care and adoption of preventive health maintenance strategies, bode well for the market's growth in the coming years. Innovations in manufacturing technologies like nano encapsulation are helping develop affordable slow absorbing functional food options rich in micronutrients. Decreasing production costs & greater regulation of nutraceuticals will play key roles in opening up the market further. The organic food revolution wave sweeping through the food industry will drive demand for natural and organically produced bioactive ingredients in functional foods and beverages. Plant and animal sources for nutrient extraction will therefore receive increased interest in the coming years. Functional waters including plant based waters such as coconut water, maple water, birch water, cactus water, artichoke water, etc. , is an emerging market category with strong commercialization potential. The United States represents the largest market worldwide. Asia-Pacific including China ranks as a major market driven by growing population and nutrition needs; industrialization of agriculture and food processing sector; spiraling food consumerism; growing awareness over the link between healthy food consumption and health outcomes and diet-disease relationship; and increased per capita spending on organic healthy for you foods.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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

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

Global Functional Drinks Market by Segment: 2019

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

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

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

Global Population Statistics for 65+ Age Group by Region: 2019 and 2050

Increasing Incidence of Chronic Diseases Boosts Demand for Functional Foods and Drinks

Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025, and 2030

Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others

World Diabetes and Population Statistics (2019, 2030 & 2045)

Increasing Cancer Incidence and Growing Interest in Functional Foods

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

Healthcare Expenditure as a % of GDP by Region for 2019

Growing Middle Class Population

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

GEOGRAPHIC 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

Population of 65+ Age Group (in Thousands) in the US for 2019 and 2030

Regulatory Environment

Market Analytics

CANADA

Market Overview

A Key Supplier for Functional Ingredients and Foods

Market Analytics

JAPAN

Market Overview

Aging Population: A Prime Target for Functional Food Makers

Japanese Elderly (65+ Years) Population: 2000-2050

Market Analytics

CHINA

Market Overview

Market Analytics

EUROPE

Consumer Focus on Health and Wellness Boost Growth Prospects

Functional Drinks with Herbal Extracts Hold Strong Potential

Changing Demographics Propel Market Growth

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

Market Analytics

FRANCE

Market Overview

Market Analytics

GERMANY

Increasing Focus on Health and Wellness Drive Market Demand

Market Share of Leading Functional Drink Companies in Germany (2019)

Market Analytics

ITALY

UNITED KINGDOM

Market Overview

Regulatory Environment

Market Analytics

SPAIN

Market Overview

Market Analytics

RUSSIA

Market Overview

Market Analytics

REST OF EUROPE

Austria

Finland

Market Analytics

ASIA-PACIFIC

Market Overview

Challenges Confronting the Market

Market Analytics

AUSTRALIA

INDIA

Lucrative Opportunities for Functional Foods and Drinks

Factors Restraining Growth

Market Analytics

SOUTH KOREA

Market Overview

Market Analytics

REST OF ASIA-PACIFIC

LATIN AMERICA

Market Overview

Market Analytics

ARGENTINA

BRAZIL

Market Overview

Market Analytics

MEXICO

Market Overview

Market Analytics

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 285

Note: Product cover images may vary from those shown
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