Global Functional Foods Market Overview :
Global Functional Foods market is estimated to reach $271.2 Billion by 2025; growing at a CAGR of 7.8% till 2025.Functional foods are considered as wholesome foods which deliver essential nutrients when they are consumed in sufficient amount regularly. The source of functional foods is categorized as plant based and animal based. Plant-based food consists of flaxseeds, tomatoes, garlic, oats, broccoli & other cruciferous vegetables, cranberry, tea, citrus food, and grapes. Animal-based food includes fish, dairy products, and beef.
Global Functional Foods Market: Growth Factors
The growing demand for healthy and nutritious food is fueling market growth. Moreover, rising awareness about health issues and increasing disposable income in middle-class families are factors driving the growth of the market. However, less availability of foods enriched with sufficient nutrients might hinder the market growth. In addition to this, advances in food technology might act as a future growth opportunity.
Global Functional Foods Market: Segmentation
The global functional foods market is mainly classified based on ingredients, product, and application. Based on the ingredient, the market is categorized as carotenoids, dietary fibers, fatty acids, minerals, prebiotics & probiotics, vitamins, and others. Based on product, the market is divided into bakery & cereals, dairy products, meat, fish & eggs, soy products, fats & oils, and others. Based on application, the market is classified as sports nutrition, weight management, immunity, digestive health, clinical nutrition, cardio health, and others.
Global Functional Foods Market: Regional Analysis
Based on geography, the global functional foods market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further categorized as the U.S., Canada, and Mexico, while Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is divided into India, China, Japan, South Korea, and Rest of Asia-Pacific whereas RoW is segmented into South America, the Middle East, and Africa
Global Functional Foods Market: Competitive Players
Key players operating in the market include BASF, General Mills Inc., Cargill, Standard Functional Foods Group Inc., Coca-Cola Co., KFSU, GFR Pharma, Amway, Nutri-Nation, Herbalife, and Arla Foods.
Functional Foods Market Key Segments:
- Dietary Fibers
- Fatty Acids
- Prebiotics & Probiotics
- Bakery & Cereals
- Dairy Products
- Fish & Eggs
- Soy Products
- Fats & Oils
- Sports Nutrition
- Weight Management
- Digestive Health
- Clinical Nutrition
- Cardio Health
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- General Mills, Inc.
- Standard Functional Foods Group, Inc.
- Coca-Cola Co.
- GFR Pharma
- Arla Foods.
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies to fortify their foothold in the market