(MENAFN- Market Press Release) September 9, 2021 11:47 am - Functional Food Market: Precise Scenario Covering Trends, Opportunities and Growth Forecast During 2028 COVID-19
Report Description
A recent market intelligence report that is published by Data Insights Partner on the global Functional Food Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Functional Food Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Functional Food Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Functional Food Market is offered. In accordance with the report, the global Functional Food Market is projected to expand at a CAGR of 7.9% over the period of forecast.
Market Insight, Drivers, Restraints & Opportunity of the Market:
The growth of functional food market is on a constant rise with a high projected growth anticipated during the forecast period. Functional Food not only satisfies hunger and provides basic nutrients, but it also has added nutritional benefits to prevent diseases and increase mental and physical well-being of consumers.
Request for Report Sample: demand for high nutrition and healthy food additives is one of the major growth drivers for global Functional Food market. Consumers are shifting towards healthy food consumption due to an increase in chronic diseases. Functional products like Omega 3 fatty acid and probiotics which are available to consumers through various products like yoghurt and fish oil, reduces the risk associated with cardiovascular diseases. The growing trend of consuming these products is expected to retain throughout the forecast period, thereby supporting market growth.
Even though there has been a constant growth of functional food market, economic issues have hampered the growth of this market at the same time. The high selling price of functional food and global economic downturn has led to consumers opting for cheaper products. Another factor that restricts the demand of functional food market is the food safety regulations and concerns.The associated health claims related to this products by the researchers are yet to be tested on a large scale and full scale implementation could be on a full swing during the forecast period. Due to all these factors, the growth of Functional Food market is yet to be explored on full scale level.
In 2018, Asia Pacific emerged as the biggest market owing to a rise in disposable income of consumers.
Additionally, there has been constant support and aid from government bodies in various countries in this region to promote healthy lifestyle, in order to fight issues related to malnutrition etc. As such, Asia Pacific region, led by countries like India, China & Japan is expected to experience commendable growth over the forecast period.
Segment Covered:
This market intelligence report on the global Functional Food Market encompasses market segments based on product type, distribution channel, industry and country.
In terms of product type, the global Functional Food Market is segregated into
Vitamins & Dietary supplements
Confectionery
Fortified Dairy products
Bakery & Cereals
Frozen & Chilled Food
Functional Drinks such as sports & energy drinks
Others
By ingredients, the global Functional Food Market is also classified into,
Carotenoids
Proteins & Amino Acids
Dietary Fibers
Omega 3 Fatty Acids
Minerals
Prebiotics
Probiotics
Vitamins
Phytochemical & plant extracts
Others
By application type, the global Functional Food Market is also classified into,
Sports Nutrition
Weight Management
Immunity
Digestive health
Clinical Nutrition
Cardio Health
Others
By source type, the global Functional Food Market is also classified into,
Natural
Synthetic
By country/region, the global Functional Food Market has been divided into
North America (the U.S., Canada, Mexico, Rest of North America),
South America (Brazil, Mexico, Argentina and rest of South America),
Europe (Germany, France, the U.K., Spain, Italy, Russia, and rest of Europe),
Asia Pacific (India, Japan, China, Australia and New Zealand and rest of Asia-Pacific),
Middle East and Africa (GCC, South Africa, Saudi Arabia and rest of Middle East & Africa).
Get Request for Table of Contents: of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
Unilever
Abbott Laboratories
Sanitarium Health & Wellbeing Company
Arla Foods
Royal Friesland Campina
BNL Food Group
Red Bull GmBH
The Coco-Cola Company
Dean Foods
Raisio Group
Dr. Pepper Snapple Group
PepsiCo Inc
General Mills INC
Ocean Spray Cranberries Inc.
Glanbia PLC
Nestle
GlaxoSmithKline Company
Murray Goulburn
Danone
Meiji Group
Kellogg Company
Mars Inc.
Kirin Holdings
Kraft Foods Inc.
Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Functional Food related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter's five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2017-2027. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Full View of Report Description:
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