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Global Brain Health Functional Food And Beverage Market Set For 9.0% Growth, Reaching $30.16 Billion By 2029
Brain Health Functional Food And Beverage Market
The global brain health functional food and beverage market reached a value of nearly $19.60 billion in 2024, having grown at a compound annual growth rate (CAGR) of 8.10% since 2019. The market is expected to grow from $19.60 billion in 2024 to $30.16 billion in 2029 at a rate of 9.0%. The market is then expected to grow at a CAGR of 8.38% from 2029 and reach $45.10 billion in 2034.
What are the upcoming opportunities in the global brain health functional food and beverage market?
The key players in the market are adopting extensive strategies in the brain health functional food and beverage market such as:
• Expand Operations: Open new Brain Health Functional Food and Beverage Centers
• Strategic Partnerships: Enhance business through key collaborations
• Market Growth: Increase presence in key regions and sectors
• Innovation: Leverage partnerships for product differentiation
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To take advantage of the opportunities, The Business Research Company recommends the brain health functional food and beverage companies to focus on:
• Brain Health Drinks: Launch innovative brain health drinks
• Infant Nutrition: Create brain nutrition products for infants
• Brain Health Ingredients: Develop new brain-boosting ingredients
• Nutritional Supplements: Advance brain-boosting supplements
• Milk Beverages: Innovate brain health milk beverages
What is Brain Health Functional Food And Beverage: Market Definition?
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Who Are The Major Companies Operating In The Global Brain Health Functional Food And Beverage Market?
The top ten competitors in the market made up to 21.11% of the total market in 2023. The market fragmentation can be attributed to the presence of large number of small players in different geographies. Herbalife Nutrition Ltd. was the largest competitor with a 8.21% share of the market, followed by:
• Nestle S.A.
• BASF SE.
• Unilever Plc.
• The Hershey Company.
• Kellanova (Kellogg's Company).
• PepsiCo, Inc.
• Archer Daniels Midland Company.
• Yakult Honsha Co., Ltd.
• Abbott.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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