openPR Logo
Press release

Functional Food Market Foreseen to Grow exponentially $267.92 billion over 2027

09-28-2021 10:54 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Functional Food Market

Functional Food Market

Rise in demand for functional food in developing nations, increase in consumption of natural sports drinks, changes in lifestyle & food habits, and surge in purchasing power of individuals fuel the growth of the global functional food market

Functional Food Market by Ingredient (Probiotics, Minerals, Proteins & Amino Acids, Prebiotics, & Dietary Fibers, Vitamins and Others), Product (Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, Fats & Oils and Others), Application (Sports Nutrition, Weight Management Clinical Nutrition, Cardio Health, and Others): Global Opportunity Analysis and Industry Forecast 2021–2027."According to the report, the global functional food industry was pegged at $177.77 billion in 2019, and is expected to hit $267.92 billion by 2027, registering a CAGR of 6.7% from 2021 to 2027.

Get detailed COVID-19 impact analysis on the Functional Food Market: https://www.alliedmarketresearch.com/request-for-customization/5316?reqfor=covid

Rise in demand for functional food in developing nations, increase in consumption of natural sports drinks, changes in lifestyle & food habits, and surge in purchasing power of individuals fuel the growth of the global functional food market. On the other hand, availability of healthier substitutes and stringent regulations & international quality standards impede the growth to some extent. Nevertheless, increase in investments by small- & mid-sized food products manufacturing companies is expected to create multiple opportunities in the industry.

COVID-19 scenario-

The ongoing pandemic fear has made people more concerned about health and wellness. Also, the stay-at-home orders by government bodies across the world have worked as a catalyst for individuals to get involved in healthy routines which, in turn, has accelerated the demand for functional food.
Also, functional food products are believed to boost immunity and aid in the body's defenses. This factor has propelled the global functional food market to a great extent.

Download PDF Sample Report: https://www.alliedmarketresearch.com/request-sample/5316

Based on ingredients, the probiotics segment contributed to more than one-fourth of the global functional food market share in 2019 and is expected to rule the roost by 2027. This is because it helps in the prevention of a number of diseases such as diarrhea. It also helps in boosting mental health conditions which further fuels the market growth. The vitamins segment, on the other hand, would register the fastest CAGR of 7.7% throughout the forecast period, due to increased health awareness among people and prevalence of diseases and disorders caused by vitamin deficiencies.

Based on product, the bakery & cereals segment accounted for more than one-fourth of the global functional food market revenue in 2019 and is projected to lead the trail by the end of 2027, owing to growing population and economic improvements of individuals across the world. Simultaneously, the soy products segment would garner the fastest CAGR of 8.8% during the study period. This is because it contains phytochemicals that can reduce the risk of chronic diseases.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5316

Based on geography, Asia-Pacific, followed by North America, held the major share in 2019, generating nearly half of the global functional food market. The same region is projected to grow at the fastest CAGR of 7.2% from 2021 to 2027. This is due to the presence of high population base, changes in taste & preferences of consumers, and changing food habits of people in this province.

Frontrunners in the industry-

Glanbia PLC
The Kraft Heinz Company
Hearthside Food Solutions LLCIncorporated
Meiji Co., Ltd.
Raisio PLC
Danone
Mars
Sanitarium Health Food Company
Nestlé S.A.
Royal frieslandcampina N.V.

More Details on This Report: https://www.alliedmarketresearch.com/functional-food-market

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Market Pulse: https://blog.alliedmarketresearch.com/
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Functional Food Market Foreseen to Grow exponentially $267.92 billion over 2027 here

News-ID: 2409200 • Views:

More Releases from Allied Market Research

Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices. Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529 What Are Urinary Drainage Bags? Urinary drainage bags are specialized medical devices designed to collect
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Billion by 2030; Growing at a CAGR of 17.2%
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario. Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of 5.6%
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in

All 5 Releases


More Releases for Food

Food Ultrasound Market Food Ultrasound Market
According to a new report by InsightAce Analytic, the "Food Ultrasound Market" in terms of revenue was estimated to be worth $156.24 Mn in 2023 and is poised to reach $310.45 Mn by 2031, growing at a CAGR of 9.14% from 2024 to 2031. Request For Free Sample Pages: https://www.insightaceanalytic.com/request-sample/1551 Latest Drivers Restraint and Opportunities Market Snapshot: Key factors influencing the global Food Ultrasound Market are: • Food Safety and Quality Assurance. • Increasing Consumer
Prepared Food Market To Witness Huge Growth By 2028 | HSL Food, HelloFresh, Syne …
The Latest survey report on Prepared Food Market sheds lights on changing dynamics in Food & Beverages Sector and elaborates market size and growth pattern of each of Prepared Food segments. As the shift to value continues, the producers are tackling challenges to personalized nutrition and match taste profiles. A wide list of manufactuerers were considered in the survey; to include mix bag of leaders and emerging manufacturers for company
Cookies for Food Services Market Is Booming Worldwide | Finsbury Food Group, Mon …
Cookies for Food Services Market: The extensive research on Cookies for Food Services Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Cookies for Food Services Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the
Global Sports Food Market By Type (Protein Sports Food, Energy Sports Food, Misc …
The Global Sports Food Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global Sports Food Market report aims to provide an overview of Sports Food Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The most recent trending report Worldwide Sports Food Market Economy
Global Packed Food Market 2018 Analysis By Key Players – JBS Food, Kraft Food, …
Summary WiseGuyReports.com adds “Packed Food Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “Packed Food Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Packed Food Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as
Pet Food Market (By Food Type, By Animal Type, By Region, By Country) of Food Ty …
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global pet food market on the basis of Food Type (Dry, Wet, Snacks, Mixers); Animal Type (Dog Food, Cat Food, Fish Food, Others), By Region (North America, Europe, APAC, ROW) and By Country (U.S.A, Canada, UK, Germany, Japan, India, China, France). Global Pet Food