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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

A04953
Pages: 373
Aug 2020 | 1696 Views
 
Author(s) : Anil Kamble , Roshan Deshmukh
Tables: 130
Charts: 58
 

COVID-19

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The functional food market size was valued at $177,770.0 million in 2019, and is estimated to reach $267,924.4 million by 2027, registering a CAGR of 6.7% from 2021 to 2027. 

Functional food can be stated as a modified food that claims to improve health. It does not cure disease but it helps to reduce the risk of deadly diseases by improving the health of the body by providing essential nutrients and proteins. Functional food in the diet adds benefits to individual physiological state.

Functional Food Market

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Sports nutrition emerged as the second largest segment after cardio health applications of the functional food owing to increasing commercialization of these sport nutrients and availability of wide product range including creatine and whey protein-based functional food. There has been an increase in the demand for functional food over the past decade as new product-types launches have permeated the food industry. Moreover, the utilization of these products by numerous end-users such as sport nutrition, clinical nutrition, and weight management is expected to drive the growth of this market. 

Functional Food Market
By Ingredients

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Probiotics segment helds the major share of 28.3% in 2019

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The report segments the functional food market into ingredient, product, application and region. On the basis of ingredient, the market is categorized into probiotics, minerals, proteins & amino acids, prebiotics & dietary fibers, vitamins, others. By product, it is segregated into bakery & cereals, dairy products, meat, fish & eggs, soy products, fats & oils and others. According to application, it is divided into sports nutrition, weight management, clinical nutrition, cardio health and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).  

According to Functional Food Market Analysis, On the basis of ingredients, the probiotic segment accounted for the around one-third half of the global functional food market share in 2019, and is expected to sustain its share during the forecast period. This is majorly attributed to increasing awareness regarding the benefits of the probiotics contained food, Benefits includes help to balance digestive system, prevent & treat diarrhea and supplements to improve mental health conditions.

Functional Food Market
By Product

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Bakery & Cereals segment helds the major share of 27.8% in 2019 Fats & Oils

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Depending on product, the dairy product segment was valued at $48,831.8 million in 2019, and is expected to grow to $73,030.0 million by 2027, with a CAGR of 6.6%. Milk is considered as a nearly complete food as it is a good source of protein, fat and major minerals. Dairy products includes any food made from milk, including butter, cheese, ice cream, yogurt, and condensed and dried milk. People are increasingly consuming dairy products as it is important for building healthy bones and for maintaining a healthy weight. Yogurt is majorly used as functional food owing to its high nutritional value and enormous health benefits. Yogurt is produced using various fruits such as peaches, cherries, apricots, papaya, cactus pear and blueberries, which makes it healthier and more nutritious.  

Functional Food Market
By Application

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Sport Nutrition segment helds the major share of 27.4% in 2019

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By application, sports nutrition is projected to grow at $ 72,114.6 million by 2027, registering a CAGR of 6.5%. Increasing awareness about the fact that nutritional factors can influence the physical and mental performance capacity of individuals who are involved in intense exercises including bodybuilders, and sportsmen.  Specific nutritional substances can be required for the body after heavy exercise which can be fulfilled by the functional food. Furthermore, increase in number of health clubs and fitness centers is expected to boost the demand for functional food through sport nutrition application.

Functional Food Market
By Region

2027
Asia Pacific 
North America
Europe
Lamea

Asia Pacific region helds the higest market share of 46.8% in 2019

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Region wise, Asia-Pacific dominated the functional food market in 2019, and is expected to sustain its dominance dominate throughout the functional food market forecast period. Growing urbanization, increasing spending on health products and awareness regarding the medicinal benefits of the functional food are expected to drive the functional food market growth in Asia-Pacific during the forecast period. Furthermore, change in lifestyle and drastic changes in the food preference is further influencing the growth of the market.

The players in the functional food market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Danone, Glanbia PLC, Hearthside Food Solutions LLC, Mars, Incorporated, Meiji Co., Ltd., Nestlé S.A., Raisio PLC, Royal frieslandcampina N.V., Sanitarium Health Food Company and The Kraft Heinz Company.      

 Key Benefits for Stakeholders:

  • The report provides a quantitative analysis of the current functional food market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.  
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assists to determine the prevailing functional food market opportunities.  
  • The major countries in each region are mapped according to their revenue contribution to the market.   
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the functional food industry. 

Key Market Segments:

  • By Ingredient

    • Probiotics
    • Minerals
    • Proteins & Amino Acids
    • Prebiotics & Dietary Fibers
    • Vitamins
    • Others  
  • By Product

    • Bakery & Cereals
    • Dairy Products
    • Meat, Fish & Eggs
    • Soy Products
    • Fats & Oils
    • Others
  • By Application

    • Sports Nutrition
    • Weight Management
    • Clinical Nutrition
    • Cardio Health
    • Others
  • By Region

    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Spain
      • Rest Of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa   
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top Investment Pockets

3.3. Value chain analysis
3.4. Porter’s five forces analysis

3.4.1. Low Bargaining Power of Suppliers
3.4.2. High Bargaining Power of Buyers
3.4.3. Moderate Threat of Substitution
3.4.4. High Threat of New Entrants
3.4.5. High Intensity of Competitive Rivalry

3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increase in demand for functional food  in developing nations
3.5.1.2. Rise in consumption of natural sports drinks
3.5.1.3. Increase in purchasing power
3.5.1.4. Changes in lifestyle and food habits

3.5.2. Restraints

3.5.2.1. Availability of healthier substitutes
3.5.2.2. Stringent regulations and international quality standards
3.5.2.3. Government regulations for storage

3.5.3. Opportunities

3.5.3.1. Increase in investments by small- & mid-sized food product manufacturing companies
3.5.3.2. Rapid growth of the retail sector

3.6. Impact of Covid-19 on Functional Food Market

CHAPTER 4: FUNCTIONAL FOOD MARKET, BY INGREDIENT

4.1. Overview

4.1.1. Market size and forecast

4.2. Probiotics

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. Minerals

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.4. Proteins & Amino Acids

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

4.5. Prebiotics & Dietary Fiber

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast

4.6. Vitamins

4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast

4.7. Others

4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast

CHAPTER 5: FUNCTIONAL FOOD MARKET, BY PRODUCT

5.1. Overview

5.1.1. Market size and forecast

5.2. Bakery & Cereals

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.3. Dairy Products

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.4. Meat, Fish & Eggs

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast

5.5. Soy Products

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast

5.6. Fats & Oils

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast

5.7. Others

5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast

CHAPTER 6: FUNCTIONAL FOOD MARKET, BY APPLICATION

6.1. Overview

6.1.1. Market size and forecast

6.2. Sports Nutrition

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast

6.3. Weight Management

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast

6.4. Clinical Nutrition

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast

6.5. Cardio Health

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast

6.6. Others

6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast

CHAPTER 7: FUNCTIONAL FOOD MARKET, BY REGION

7.1. Overview

7.1.1. Market size and forecast, by region

7.2. North America

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by Ingredient.
7.2.3. Market size and forecast, by Product
7.2.4. Market size and forecast, by Application
7.2.5. Market size and forecast, by country

7.2.5.1. U.S.

7.2.5.1.1. Market size and forecast, by Ingredient
7.2.5.1.2. Market size and forecast, by product
7.2.5.1.3. Market size and forecast, by application

7.2.5.2. Canada

7.2.5.2.1. Market size and forecast, by ingredient
7.2.5.2.2. Market size and forecast, by product
7.2.5.2.3. Market size and forecast, by application

7.2.5.3. Mexico

7.2.5.3.1. Market size and forecast, by ingredient
7.2.5.3.2. Market size and forecast, by product
7.2.5.3.3. Market size and forecast, by application

7.3. Europe

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by Ingredient
7.3.3. Market size and forecast, by product
7.3.4. Market size and forecast, by application
7.3.5. Market size and forecast, by country

7.3.5.1. Germany

7.3.5.1.1. Market size and forecast, by ingredient
7.3.5.1.2. Market size and forecast, by product
7.3.5.1.3. Market size and forecast, by application

7.3.5.2. UK

7.3.5.2.1. Market size and forecast, by ingredient
7.3.5.2.2. Market size and forecast, by product
7.3.5.2.3. Market size and forecast, by application

7.3.5.3. France

7.3.5.3.1. Market size and forecast, by ingredient
7.3.5.3.2. Market size and forecast, by product
7.3.5.3.3. Market size and forecast, by application

7.3.5.4. Russia

7.3.5.4.1. Market size and forecast, by ingredient
7.3.5.4.2. Market size and forecast, by product
7.3.5.4.3. Market size and forecast, by application

7.3.5.5. Italy

7.3.5.5.1. Market size and forecast, by ingredient
7.3.5.5.2. Market size and forecast, by product
7.3.5.5.3. Market size and forecast, by application

7.3.5.6. Spain

7.3.5.6.1. Market size and forecast, by ingredient
7.3.5.6.2. Market size and forecast, by Product
7.3.5.6.3. Market size and forecast, by application

7.3.5.7. Rest of Europe

7.3.5.7.1. Market size and forecast, by ingredient
7.3.5.7.2. Market size and forecast, by product
7.3.5.7.3. Market size and forecast, by application

7.4. Asia-Pacific

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by ingredient
7.4.3. Market size and forecast, by product
7.4.4. Market size and forecast, by application
7.4.5. Market size and forecast, by country

7.4.5.1. China

7.4.5.1.1. Market size and forecast, by ingredient
7.4.5.1.2. Market size and forecast, by product
7.4.5.1.3. Market size and forecast, by application

7.4.5.2. India

7.4.5.2.1. Market size and forecast, by ingredient
7.4.5.2.2. Market size and forecast, by product
7.4.5.2.3. Market size and forecast, by application

7.4.5.3. Japan

7.4.5.3.1. Market size and forecast, by ingredient
7.4.5.3.2. Market size and forecast, by product
7.4.5.3.3. Market size and forecast, by application

7.4.5.4. Australia

7.4.5.4.1. Market size and forecast, by ingredient
7.4.5.4.2. Market size and forecast, by product
7.4.5.4.3. Market size and forecast, by application

7.4.5.5. South Korea

7.4.5.5.1. Market size and forecast, by ingredient
7.4.5.5.2. Market size and forecast, by product
7.4.5.5.3. Market size and forecast, by application

7.4.5.6. Rest of Asia-Pacific

7.4.5.6.1. Market size and  forecast, by ingredient
7.4.5.6.2. Market size and forecast, by product
7.4.5.6.3. Market size and forecast, by application

7.5. LAMEA

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by ingredient
7.5.3. Market size and forecast, by product
7.5.4. Market size and forecast, by application
7.5.5. Market size and forecast, by country

7.5.5.1. Latin America

7.5.5.1.1. Market size and forecast, by ingredient
7.5.5.1.2. Market size and forecast, by  product
7.5.5.1.3. Market size and forecast, by application

7.5.5.2. Middle East

7.5.5.2.1. Market size and forecast, by ingredient
7.5.5.2.2. Market size and forecast, by product
7.5.5.2.3. Market size and forecast, by application

7.5.5.3. Africa

7.5.5.3.1. Market size and forecast, by ingredient
7.5.5.3.2. Market size and forecast, by product
7.5.5.3.3. Market size and forecast, by application

CHAPTER 8: COMPETITION LANDSCAPE

8.1. Product mapping
8.2. Competitive dashboard
8.3. Competitive heatmap
8.4. Key developments

8.4.1. Partnership
8.4.2. Product Launch

CHAPTER 9: COMPANY PROFILES

9.1. DANONE

9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Product portfolio

9.2. GLANBIA PLC

9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Product portfolio

9.3. HEARTHSIDE FOOD SOLUTIONS LLC

9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Product portfolio
9.3.5. Key strategic moves and developments

9.4. MARS, INCORPORATED

9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. R&D Expenditure
9.4.7. Business performance

9.5. MEIJI CO., LTD.

9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Product portfolio

9.6. NESTLÉ S.A.

9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Product portfolio

9.7. RAISIO PLC

9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Product portfolio
9.7.5. Business performance

9.8. ROYAL FRIESLANDCAMPINA N.V.

9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Product portfolio

9.9. SANITARIUM HEALTH FOOD COMPANY

9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. R&D Expenditure
9.9.7. Business performance

9.10. THE KRAFT HEINZ COMPANY

9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Product portfolio

LIST OF TABLES

TABLE 01. FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 02. PROBIOTICS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 03. MINERALS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 04. PROTEINS & AMINO ACIDS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 05. PREBIOTICS & DIETARY FIBERS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 06. VITAMINS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 07. OTHERS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 08. GLOBAL FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 09. BAKERY & CEREALS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 10. DAIRY PRODUCTS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 11. MEAT, FISH & EGGS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 12. SOY PRODUCTS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 13. FATS & OILS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 14. OTHERS FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 15. FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 16. FUNCTIONAL FOOD MARKET FOR SPORTS NUTRITION, BY REGION, 2019–2027 ($MILLION)
TABLE 17. FUNCTIONAL FOOD MARKET FOR WEIGHT MANAGEMENT, BY REGION, 2019–2027 ($MILLION)
TABLE 18. FUNCTIONAL FOOD MARKET FOR CLINICAL NUTRITION, BY REGION, 2019–2027 ($MILLION)
TABLE 19. FUNCTIONAL FOOD MARKET THROUGH CARDIO HEALTH, BY REGION, 2019–2027 ($MILLION)
TABLE 20. FUNCTIONAL FOOD MARKET THROUGH OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 21. FUNCTIONAL FOOD MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 22. NORTH AMERICA FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 23. NORTH AMERICA FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 24. NORTH AMERICA FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 25. NORTH AMERICA FUNCTIONAL FOOD MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 26. U.S. FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 27. U.S FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 28. U.S. FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29. CANADA FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 30. CANADA FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 31. CANADA FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 32. MEXICO FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 33. MEXICO FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 34. MEXICO FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35. EUROPE FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 36. EUROPE FUNCTIONAL FOOD MARKET, BY APPLICTION, 2019–2027 ($MILLION)
TABLE 37. EUROPE FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 38. EUROPE FUNCTIONAL FOOD MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 39. GERMANY FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 40. GERMANY FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 41. GERMANY FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 42. UK FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 43. UK FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 44. UK FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 45. FRANCE FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 46. FRANCE FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 47. FRANCE FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 48. RUSSIA FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 49. RUSSIA FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 50. RUSSIA FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 51. ITALY FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 52. ITALY FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 53. ITALY FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 54. SPAIN FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 55. SPAINFUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 56. SPAIN FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 57. REST OF  EUROPE FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 58. REST OF  EUROPE FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 59. REST OF  EUROPE FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 60. ASIA-PACIFIC FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 61. ASIA-PACIFIC FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 62. ASIA-PACIFICFUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 63. ASIA-PACIFIC FUNCTIONAL FOOD MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 64. CHINA FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 65. CHINA FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 66. CHINA FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 67. INDIA FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 68. INDIAS EXUAL WELLNESS MARKET REVENUE, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 69. INDIA FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 70. JAPAN FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 71. JAPAN FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 72. JAPAN FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 73. AUSTRALIA FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 74. AUSTRALIA FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 75. AUSTRALIA FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 76. SOUTH KOREA FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 77. SOUTH KOREA FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 78. SOUTH KOREA FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 79. REST OF ASIA-PACIFIC FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 80. REST OF ASIA-PACIFIC FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 81. REST OF ASIA-PACIFIC FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 82. LAMEA FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 83. LAMEA FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 84. LAMEA FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 85. LAMEA FUNCTIONAL FOOD MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 86. LATIN AMERICA FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 87. LATIN AMERICA FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 88. LATIN AMERICA FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 89. MIDDLE EAST FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 90. MIDDLE  EAST FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 91. MIDDLE EAST FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 92. AFRICA FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019–2027 ($MILLION)
TABLE 93. AFRICA FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 94. AFRICA FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 95. DANONE: KEY EXECUTIVES
TABLE 96. DANONE: COMPANY SNAPSHOT
TABLE 97. DANONE: PRODUCT PORTFOLIO
TABLE 98. GLANBIA PLC: KEY EXECUTIVES
TABLE 99. GLANBIA PLC: COMPANY SNAPSHOT
TABLE 100. GLANBIA PLC: PRODUCT PORTFOLIO
TABLE 101. HEARTHSIDE FOOD SOLUTIONS LLC: KEY EXECUTIVES
TABLE 102. HEARTHSIDE FOOD SOLUTIONS LLC: COMPANY SNAPSHOT
TABLE 103. HEARTHSIDE FOOD SOLUTIONS LLC: PRODUCT PORTFOLIO
TABLE 104. MARS, INCORPORATED: KEY EXECUTIVES
TABLE 105. MARS, INCORPORATED: COMPANY SNAPSHOT
TABLE 106. MARS, INCORPORATED: OPERATING SEGMENTS
TABLE 107. MARS, INCORPORATED: PRODUCT PORTFOLIO
TABLE 108. MARS, INCORPORATED: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 109. MARS, INCORPORATED: NET SALES, 2017–2019 ($MILLION)
TABLE 110. MEIJI CO., LTD.: KEY EXECUTIVES
TABLE 111. MEIJI CO., LTD.: COMPANY SNAPSHOT
TABLE 112. MEIJI CO., LTD.: PRODUCT PORTFOLIO
TABLE 113. NESTLÉ S.A.: COMPANY SNAPSHOT
TABLE 114. NESTLÉ S.A.: PRODUCT PORTFOLIO
TABLE 115. RAISIO PLC: KEY EXECUTIVES
TABLE 116. RAISIO PLC: COMPANY SNAPSHOT
TABLE 117. RAISIO PLC: PRODUCT PORTFOLIO
TABLE 118. RAISIO PLC: NET SALES, 2016–2018 ($MILLION)
TABLE 119. ROYAL FRIESLANDCAMPINA N.V.: KEY EXECUTIVES
TABLE 120. ROYAL FRIESLANDCAMPINA N.V.: COMPANY SNAPSHOT
TABLE 121. ROYAL FRIESLANDCAMPINA N.V.: PRODUCT PORTFOLIO
TABLE 122. SANITARIUM HEALTH FOOD COMPANY: KEY EXECUTIVES
TABLE 123. SANITARIUM HEALTH FOOD COMPANY: COMPANY SNAPSHOT
TABLE 124. SANITARIUM HEALTH FOOD COMPANY: OPERATING SEGMENTS
TABLE 125. SANITARIUM HEALTH FOOD COMPANY: PRODUCT PORTFOLIO
TABLE 126. SANITARIUM HEALTH FOOD COMPANY: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 127. SANITARIUM HEALTH FOOD COMPANY: NET SALES, 2017–2019 ($MILLION)
TABLE 128. THE KRAFT HEINZ COMPANY: KEY EXECUTIVES
TABLE 129. THE KRAFT HEINZ COMPANY: COMPANY SNAPSHOT
TABLE 130. THE KRAFT HEINZ COMPANY: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. FUNCTIONAL FOOD MARKET SNAPSHOT
FIGURE 02. FUNCTIONAL FOOD MARKET: SEGMENTATION
FIGURE 03. TOP INVESTMENT POCKETS
FIGURE 04. VALUE CHAIN ANALYSIS
FIGURE 05. FUNCTIONAL FOOD MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 06. FUNCTIONAL FOOD MARKET, BY INGREDIENT, 2019 (%)
FIGURE 07. COMPARATIVE SHARE ANALYSIS OF PROBIOTICS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 08. COMPARATIVE SHARE ANALYSIS OF MINERALS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 09. COMPARATIVE SHARE ANALYSIS OF PROTEINS & AMINO ACIDS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 10. COMPARATIVE SHARE ANALYSIS OF PREBIOTICS & DIETARY FIBERS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF PREBIOTICS & DIETARY FIBERS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF PROTEINS & AMINO ACIDS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 13. FUNCTIONAL FOOD MARKET, BY PRODUCT, 2019 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF BAKERY & CEREALS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF DAIRY PRODUCTS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF MEAT, FISH & EGGS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF SOY PRODUCTS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF FATS & OILS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF OTHERS FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 20. GLOBAL FUNCTIONAL FOOD MARKET, BY APPLICATION, 2019 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF SPORTS NUTRITION FOR FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF WEIGHT MANAGEMENT FOR FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF CLINICAL NUTRITION FOR FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF CARDIO HEALTH FOR FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF OTHERS FOR FUNCTIONAL FOOD MARKET, BY COUNTRY 2019 & 2027 (%)
FIGURE 26. FUNCTIONAL FOOD MARKET, BY REGION, 2019 (%)
FIGURE 27. U.S.FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 28. CANADA FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 29. MEXICO FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 30. GERMANY FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 31. UK FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 32. FRANCE FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 33. RUSSIA FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 34. ITALY FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 35. SPAIN FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 36. REST OF  EUROPE FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 37. CHINA FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 38. INDIA FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 39. JAPAN FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 40. AUSTRALIA FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 41. SOUTH KOREA FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 42. REST OF ASIA-PACIFIC FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 43. LATIN AMERICA FUNCTIONAL FOOD MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 44. MIDDLE EAST FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 45. AFRICA FUNCTIONAL FOOD MARKET, 2019–2027 ($MILLION)
FIGURE 46. PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 47. COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 48. COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 49. MARS, INCORPORATED: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 50. MARS, INCORPORATED: NET SALES, 2017–2019 ($MILLION)
FIGURE 51. MARS, INCORPORATED: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 52. RAISIO PLC: NET SALES, 2016–2018 ($MILLION)
FIGURE 53. RAISIO PLC: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 54. RAISIO PLC: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 55. SANITARIUM HEALTH FOOD COMPANY: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 56. SANITARIUM HEALTH FOOD COMPANY: NET SALES, 2017–2019 ($MILLION)
FIGURE 57. SANITARIUM HEALTH FOOD COMPANY: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 58. SANITARIUM HEALTH FOOD COMPANY: REVENUE SHARE, BY REGION, 2019 (%)

 
 

As per the perspective of top-level CXOs, the global functional food market is expected to offer remunerative business opportunities in the developing economies such as India and China. This is attributed to increase in disposable income, awareness regarding health concerns and growing cardiovascular diseases. 

The CXOs further added that manufacturers are focusing on displaying the transparency of the ingredients, which are added in the product, as majority of the consumers choose products by reading the labels. In addition, consumers prefer products with organic and plant-based ingredients. Moreover, increasing application of functional food in sport nutrition and clinical nutrition is further boosting the growth of the functional food market.

Furthermore, rise in rate of internet penetration around the major parts of the world makes way for manufacturers to initiate several key online marketing programs. These online platforms are one of the easiest ways to create awareness about the benefits of the functional food with respect to various diseases including cardiovascular diseases, cancer and obesity linked diseases. Hence, tapping into such markets is expected to create potential opportunities for the expansion of the global functional food market.

Increasing innovation in the ingredients used for functional food is the key factor for the growth of the global functional market. Rise in demand for various functional food products from target customer makes way for the manufacturers to come up with innovation in almond flour, which is anticipated to boost the growth of the market.

Key players in the market have adopted product launch, continuous innovation, and acquisition as their key developmental strategies to cater to the rising demands for functional food. Sport nutrition, cardio health and weight management application are growing at highest CAGR owing to medicinal benefits of the of the functional food products.                                                             `

However, the existing challenges such as close substitutes and lack of awareness regarding the functional food benefits that are known to control and prevent commonly known diseases such as obesity, heart attack and cancer, are expected to hamper the growth of the functional food market during the forecast period.

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The growth rate of the Functional Food Market is 6.7% during the forecast period 2021-2027.

A. The global functional food market is expected to reach $267,924.40 million by 2027.

A. The global functional food market is expected to grow at a CAGR of 6.7% from 2021 to 2027.

A. 2019 is the base year calculated in the Functional Food Market report.

A. Danone, Glanbia PLC, Hearthside Food Solutions LLC, Mars, Incorporated, Meiji Co., Ltd., Nestlé S.A., and Raisio PLC are top companies hold market share in functional food market.

A. Soy Product is the most influencing segment growing in the functional food market report.

A. Increasing health conscious people and growing awareness regarding the medical benefits of the functional food which can prevent cancer and obesity linked diseases such as high blood pressure, fatty liver disease, and kidney disease, are likely to bolster the growth of the functional food market.

 

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