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Functional Food Market: Global Product Intelligence, Industry Analysis, Size, Share, Growth, Trends And Forecast - 2030

Functional Food Market: Global Product Intelligence, Industry

Market Overview:

Global Functional Food Market Was Estimated At USD 196.98 Billion In 2021 And Is Projected To Reach USD 282.01 Billion By 2028, Growing At A CAGR Of 5.26% Over The Analysis Period.

Functional foods are foods that provide health benefits and additional nutritional value to the human body. Foods containing fiber, probiotics, prebiotics, vitamins, and minerals, as well as fruits, whole grains, fermented foods, seeds, nuts, and vegetables, are considered nutritionally functional foods. Modified functional foods such as yogurt, milk, rice, coconut, almond and cashew milk, eggs, granola, pasta, and others are some healthy options that offer nutritional benefits. Functional foods are in demand because they prevent nutritional deficiencies, cellular damage, and chronic diseases, and they boost the growth and development of babies and children.

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Top Key Players Covered In Functional Food Market

•Merit Functional Foods(Winnipeg)
•Danone SA (France)
•Del Monte Pacific Limited (DMPL) (Singapore)
•Dr Pepper Snapple Group, Inc. (USA)
•General Mills, Inc. (USA)
•Glanbia Nutritionals Limited (UK)
•MaxiNutrition (UK)
•GNC Holdings, Inc. (USA)
•Hangzhou Wahaha Group Co., Ltd. (China)
•Herbalife International, Inc. (USA)
•Kellogg Company (USA)
•Meiji Holdings Co., Ltd. (Japan)
•Natural Products, Inc. (USA)
•Nestle Nutrition (Switzerland), and other major players.

Market Dynamics:

Driver:

In recent years, the population of several emerging economies has changed their eating habits, eating habits, and purchasing behavior due to chronic diseases and lifestyle diseases. Rising stress levels and hectic lifestyles have contributed to such health conditions. This led to a drastic change in eating habits and replaced meals with healthy snacks such as protein bars and nutritional cookies. Also supporting the expansion of the market is the ongoing trend to consume protein-rich foods because it is considered a source of sugar, fat and quick energy. In addition, there is a high demand for foods that have been fortified to improve nutrition and enhance health benefits. This is due to the fast lifestyle and trends where people tend to consume breakfast cereals, eggs, bread, soy milk, yogurt, juices, and other foods.

Key Chapter Will Be Provided In The Report

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
•SWOT Analysis

Opportunities:

The introduction and deployment of new technologies such as high hydrostatic pressure, encapsulation, RF drying, ultrasonic and microwave extraction, and bioencapsulation are driving the growth of technological innovation in the functional food ingredients industry. In addition, new technologies such as pulsed electric fields and high-voltage electric discharge supported the growth of the development of functional ingredients. In addition, the introduction of new technologies can be a profitable opportunity in terms of overall process simplification and rapid growth.

Segmentation Analysis Of Functional Food Market

By Ingredient, the carotenoids segment is expected to have the highest share of the functional food market in the analysis period. Carotenoids act as photoprotective agents and as light-harvesting pigments. Carotenoids are also essential in reducing the risk of several ailments, oxidative stress and eye-related disorders. Also, carotenoid-rich food products reduce the incidences of cancers, cardiovascular diseases and disorders related to low immune system. Owing to such health benefits, this segment is expected to grow rapidly in the upcoming years.

By Product, the dairy product segment holds the largest market share. The increasing consumer inclination towards aiding digestive health has influenced the market growth of probiotics and prebiotics dairy products. Additionally, increasing spending on healthy and cost-effective dairy products such as yogurt is most likely to drive the growth of dairy product segment.

By Application, the cardio health segment is estimated to dominate the functional food market. Owing to the rising demand for functional food in cardiovascular diseases, congestive heart failure, hardening of arteries as well as congenital heart defects, the segment will witness a rapid growth. Further, digestive health segment is also expected to witness a significant growth in the upcoming years due to great interest among women population during the course of their reproductive life along with men particularly after 40 years of age, to maintain a health digestive system.

By Ingredient

•Probiotics
•Carotenoids
•Minerals
•Proteins & Amino Acids
•Vitamins
•Others

By Product

•Bakery
•Cereals
•Dairy Products
•Meat
•Fish
•Others

By Application

•Sports Nutrition
•Weight Management
•Clinical Nutrition
•Cardio Health

Regional Analysis Of Functional Food Market
Asia-Pacific is the major dominating region for functional food products and ingredients. Rising consumer interest, and a better understanding of the immunity-enhancing property of proper diet and food habits, are some of the major factors driving the market growth of functional foods in this region. Also, there is a huge demand for vitamin-fortified and mineral-enriched food and beverage products in many parts of Asia Pacific region. Furthermore, in countries such as China, Japan and India, key players are becoming more creative and innovative with dairy packaging, tastes, flavors and ingredients by introducing fortified variants to the marketplace.

•North America
o US
o Canada
o Mexico

•Eastern Europe
o Bulgaria
o The Czech Republic
o Hungary
o Poland
o Romania
o Rest of Eastern Europe

•Western Europe
o Germany
o UK
o France
o Netherlands
o Italy
o Russia
o Spain
o Rest of Western Europe

•Asia Pacific
o China
o India
o Japan
o South Korea
o Malaysia
o Thailand
o Vietnam
o The Philippines
o Australia
o New Zealand
o Rest of APAC

•Middle East & Africa
o Turkey
o Bahrain
o Kuwait
o Saudi Arabia
o Qatar
o UAE
o Israel
o South Africa

•South America
o Brazil
o Argentina
o Rest of SA

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Table Of Content

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Ingredient
 3.2 By Product
 3.3 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Functional Food Market by Ingredient
To Be Continued.

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Key Industry Development In The Functional Food Market

In November, 2021, Merit Functional Foods, a solutions-based plant protein company, announced that its new 94,000 square-foot facility in Winnipeg, Manitoba, is scaled completely to supply leading food and beverage customers with the best and highest purity pea and canola proteins available for use in plant-based applications.

Read Related Report: -

https://introspectivemarketresearch.com/reports/kiwi-fruit-market/

https://introspectivemarketresearch.com/reports/canned-food-market/

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Email : sales@introspectivemarketresearch.com

About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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