APAC Heart Health Functional Food Market is Expected to Grow at a CAGR of Around 6.8% During the Period 2022-2032

Newly released data from the Heart Health Functional Food Market analysis by Future Market Insights shows that global demand of the overall Heart Health Functional Food Market enjoyed year-on-year (YoY) growth of 6.8% in 2021. This market now holds a massive market value of USD 477.6 Mn in monetary terms in 2022.

A recent survey by Future Market Insights (FMI) reveals that consumers are increasingly turning to food products that are responsible for promoting sleep, improving mood, boosting energy levels, maintaining heart health, and aiding in weight management.

The growing demand for food with added benefits, especially for heart health functional food, has created a high potential for manufacturers of heart health food in the Asia-Pacific market. Companies are launching new omega-3-based ingredients as well as products that target the heart health functional food market.

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In the past five years, consumers have become more attentive towards maintaining their health and are showing preference for heart health functional food products. In 2018, the consumption of heart health functional foods in Thailand witnessed tremendous growth, with an average increase of 7-15% in comparison to that in the past five years. This was majorly the result of regulations on health claim and clean labeling.

Plant sterol and soy protein would remain among the highly favored ingredients in heart health functional market in APAC, attributing to high consumer preference for vegetarian products. While the former is derived from fruits, vegetables, seeds, and grains, the latter is gaining traction owing to its affordability and accessibility to manufacturers.

Know More About Heart Health Functional Food Market Study

Future Market Insights, in its new offering, offers an unbiased analysis of the global heart health functional food market, presenting historical demand data (2014 - 2018), and forecast statistics for the period, 2019 - 2026. The study divulges compelling insights on the heart health functional food market based on type; the market is segmented into breakfast cereals, dairy products, nutritional bars, edible oils, and others (eggs & wine).

Growth of the heart health functional food market is driven by a rising inclination towards natural ingredient-based specific functional food products as well as heart health drink fusions in the dairy products segment. Based on distribution channels, the heart health functional food market is segmented into supermarkets, hypermarkets, departmental stores, and grocer/retailers.

Heart Health Functional Food Market: Segmentation

By Type:

Breakfast Cereals
Dairy Products
Edible Oils
Nutritional Bars
Others (Eggs & Wine)

By Distribution Channel:

Hypermarkets
Supermarkets
Departmental Stores
Grocery/ Retailers

By Country:

India
China
Japan
Singapore
Indonesia
Thailand
Malaysia

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Key Questions Answered in the Report

How much is the Heart Health Functional Food Market current worth?

Currently Heart Health Functional Food Market is worth more than US$ 477.6 Mn.

At what CAGR is the market expected to grow?

Heart Health Functional Food consumption is expected to grow at a CAGR of around 6.8% during the period 2022-2032.

How was the performance in the last five years?

In terms of revenue, Heart Health Functional Food Market grew at a CAGR of around 6.1% during 2017-2021.

How are market players reacting to the new developments in the market?

Market players are opting for technological advancement, new product developments, and production capacity expansion.

How many shares do the top 5 companies hold?

The top 5 producers of the Heart Health Functional Food Market hold around 33% of the market share.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.