Healthy food ingredients are majorly used in functional food, which provides users with more than essential nutrition. These healthy foods include beverages and supplement and other related food products. The food ingredients can be synthetic or natural characteristics. There are several health benefits provided by such food ingredients. All these ingredients play a significant role in enhancing the health and lower the risk of different disease, for example, chronic and acute diseases. That’s why more people are now consuming such food.
The key players covered in this report
Abbott Laboratories
Archer Daniels Midland
Arla
BASF
Danone
Dean Foods
General Mills
Kellogg
Nestle
PepsiCo
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The increasing consumption of such foods and beverages, along with changing consumer’s behavior, will significantly drive the growth of this market across the world in the coming years. On the other side, the steady developments and expansion of the end-user companies, such as dairy, confectionery, and others, are expected to boost market growth during the forecast period. Rapid technological development in food processing sector with a significant focus on food enrichment is now demanding effective R&D operations which may propel the market growth.
It has seen that in recent years, there has been a massive rise in life expectancy and attention to the quality products. People are getting more aware of the healthy, and they are changing their lifestyle and diets. This will surge the demand for these foods. As per the report, the World Functional Foodmarket was valued at $ 64,871 million in the year 2018. However, it is expected to reach around USD 99, 975 million by the end of 2025. The CAGR will be 6.74%.
Market Segmentation of This Food Market
The Global Functional Food Market is segmented based on Type, Application, and Regions. Based on the type, the market is divided into Vitamins, Carotenoids, Fatty Acids, Dietary Fibers, Minerals, Prebiotics & Probiotic, and Others. Considering its application, the market is split into Dairy Products, Bakery & Cereal, Soy Products, Meat, Fish & Eggs, Fats & Oils, and Others.
The report informs, soy products will witness a faster compound annual growth rate during the forecast period. Increasing demand for different dairy products, such as yogurts, spreads, and milk drinks throughout the world will contribute significantly to the growth of this product segment.
Geographical Market Segmentation of the Product
Based on geography, the entire market is segmented into Europe, North America, Central & South America, Asia Pacific, and Middle East & Africa. In the year 2018, the Asia Pacific region accounted for more than 40 to 60 percent of the global market share. The reasons are the introduction of online retail sites dealing with such food products. Such sites are expected to drive market growth during the forecast period, i.e., 2019 to 2025. Besides, growing usage of processed food and rising awareness about health benefits related to such foods are some of the major driving factors for this regional market.
Latest Market News
The leading consumer food manufacturing company, Kellogg has recently launched its new functional food in the global market. The food is made from 100 percent natural ingredients. Besides, the company is now planning to acquire some other companies in different regions to expand its customer base and business across the world.
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Table of Contents –Analysis of Key Points
Market Overview
Manufacturers Profiles
Global Functional Food Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
Functional Food Global Market Analysis by Regions
North America Functional Food by Country
Europe Functional Food by Country
Asia-Pacific Functional Food by Country
South America Functional Food by Country
Africa and Middle East Functional Food by Countries
Functional Food Global Market Segment by Type
Functional Food Global Market Segment by Application
Functional Food Market Forecast (2019-2025)
Sales Channel, Distributors, Traders and Dealers
Research Findings and Conclusion
Appendix
List of Tables and Figures
Continued…..
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