Report description

The worldwide functional foods market has experienced innovation and economic expansion owing to rising consumer awareness regarding their health and nutritional benefits. Functional Foods and Beverages is a kind of foods or beverages that have a potentially positive effect on health beyond basic nutrition or energy for specific occasions. They can promote optimal health and help reduce the risk of disease. There are many natural and processed food may have special functions, in this report, we only study processed foods. The global functional foods market size was estimated at USD 161.49 billion in 2018. It is anticipated to register a CAGR of 6.2%, during the forecast period by 2024. Increasing demand for nutritional and fortifying food additives is anticipated to drive the growth. Food and beverage manufacturers are deploying fortification of nutritional additives such as omega-3 fatty acids, fibers, vitamins, minerals, and others in their product offerings. The major motive of incorporating the aforementioned additives in food and beverage industry is to increase the nutritional content in food items. The rising medical expenses have also resulted in the growth of functional food products. The demand is higher in developed countries. The prevalent chronic diseases have shifted the focus of the consumers towards healthy food that can boost the immunity.  

On the basis of beverages, the global functional food and beverages market is segmented as energy drinks, Nutraceuticals drinks, sports drinks, dairy-based beverages, and juices. The energy drinks segment is the major segment of the market followed by Nutraceuticals and sports drinks segment. The global market is segmented based on biological ingredients, depending on the nutritional values, as minerals, fruit extracts, vitamins, amino acids, and antioxidants. On the basis of functional food, the global market is segmented as bakery and cereal, prepared dairy products, confectionery, frozen and chilled foods, supplementary foods, and probiotic foods. Some of the products in this category are soy protein nutrients, magnesium, calcium, and glucosamine. Functional ingredients such as omega-3 and probiotics are highly used in fish oils and yogurt to reduce the risk of cardiovascular diseases and to improve the quality of intestinal micro flora. Such a trend is expected to fuel the market over the forecast years. Furthermore, The European Commission and the Environmental Protection Agency (EPA) have framed supportive regulations to augment the production as well as consumption of naturally derived ingredients in light of rising concerns toward reducing Greenhouse Gas (GHG) emissions.

This report represents the global and regional analysis of "Functional Food" in terms of Ingredient, application wise segmentation, market size & market growth (in terms of value & volume) trends including forecasting upto 5 years. All the region wise segmentation of buyer supplier is described properly. The report focuses on the top continent wise (North America, Europe, Asia, South America, Africa & Oceania) manufacturer & consumer analysis & market share.

Growing demand for functional foods and beverages owing to number of health objectives including, improving joint health, weight loss, and bone and muscle strength. These food products can also reduce the risk of cardiovascular diseases and type 2 diabetes by enhancing digestion. They also decrease wrinkles. Functional foods promote optimal health by reducing risk of non-communicable diseases, boosting metabolism, improving nutrition absorption, aid better digestion and help lose weight. Consumer preference for reduced sugar intake is expected to positively influence the growth.

Functional foods market can be categorized based on the products, applications, end-use and regions. Based on the products, the market is divided into carotenoids, vitamins, probiotics and prebiotics, fatty acids, dietary fibers, minerals and others. The others section includes enzymes, antioxidants and phytochemicals. Dietary fiber segment is expected to grow at a brisk rate in the forecast period.

Dairy products segment led the overall market in terms of revenue in 2018, followed by the bakery and cereals segment. Other major product segments include meat, fish and eggs, soy products, and fats and oils. A new development across the bakery and cereals sector is anticipated to bode well for the market. Rising demand for functional snack and cereal bars such as energy bars, protein bars, and nutrition bars is anticipated to significantly drive growth over the forecast period. Fortified cereals are expected to grow at a brisk pace with companies such as Kellogg launching new product ranges to capture market share. 

REPORT HIGHLIGHTS

• Provide manufacturing capacity, consumption, current & past status & also the forecasting up to 2023.
• Provide complete overview including type, application & forecast region.
• Provide focused analysis of key manufacturer with their production volume, market share & also help to identify market competition landscape with SWOT analysis.
• Historical, current and projected market size in terms of volume and value.
• Analyze the global & regional potential market, advantages, risk & opportunity.
• Identify significant trends and factors driving or inhibiting market growth.
• In-depth coverage of the complete market in terms of supplier, buyer, price, trend, growth & forecasting.

• Carotenoids
• Dietary Fibers
• Fatty Acids
• Minerals
• Prebiotics & Probiotics
• Vitamins
• Others

• Bakery & Cereals
• Dairy Products
• Meat, Fish & Eggs
• Soy Products
• Fats & Oils
• Others

• Sports Nutrition
• Weight Management
• Immunity
• Digestive Health
• Clinical Nutrition
• Cardio Health
• Others

• Market Segments
• Market Dynamics
• Brands in Market
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved
• Forecasting
• Technology

• Asia-Pacific (China, India, South Korea, Taiwan & Rest of Asia Pacific Available)  
• Europe (Germany, Spain, France, United Kingdom & Rest of Europe Available  
• North America (Canada, US, Mexico, Guatemala & Rest of North America Available)  
• South America (Paraguay, Bolivia, Peru Argentina & Rest of South America Available)  
• Middle East & Africa (GCC Countries, South Africa, Ghana, Egypt, North Africa& Rest of MEA Available) 
• Oceania & Australia

• Arla Foods 
• Cargill Inc.
• Dr. Pepper Snapple Group Inc 
• GlaxoSmithKline Co., 
• Kellogg Co., 
• Meiji Group
• Suntory
• Danone
• Abbott Laboratorie
• H.J. Heinz Co.
• Coca-Cola Co 
• Campbell Soup Company
• BASF
• Dean Foods
• Kellogg
• Nestle
• AbbVie Inc
• General Mills
• GFR Pharma
• Hormel Food Corporation