Reports
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Global Functional Food Market: By Ingredient: Probiotics, Minerals, Proteins and Amino Acids, Prebiotics and Dietary Fibres, Vitamins, Others; By Product Type; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Functional Food Market Outlook
The global functional food market reached a value of USD 170.2 billion in 2020. The market is further expected to grow at a CAGR of 6.7% in the forecast period of 2022-2027 to reach a value of USD 251.1 billion by 2026.
Increasing Demand for Prebiotics and Dietary Fibres to Augment the Functional Food Industry Growth
Based on ingredient, the prebiotics and dietary fibres segment is expected to grow at a rapid pace over the forecast period. Fibre consumption is linked to a variety of health advantages, including gut health maintenance, cholesterol reduction, and blood sugar control, to name a few.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
These benefits, together with the growing functional food industry, are projected to drive the dietary fibre segment forward. Moreover, prebiotics provide a variety of health advantages in the large intestine, including reduced cancer risk and improved calcium and magnesium absorption. Prebiotics are found in a variety of vegetables and fruits.
The Asia Pacific to Provide Enhanced Growth Opportunities to the Functional Food Industry
Due to a growing population and increased disposable income, the Asia Pacific is expected to be one of the largest markets for the product. The consumption of processed foods in the region is rapidly increasing, and there is a growing awareness of health and fitness in emerging countries, such as India and China. Moreover, the growing concern about food safety is affecting consumer behaviour, thus, fuelling the market growth. Furthermore, to tackle rising worries about hunger, poverty, and malnutrition, the governments are anticipated to prioritise food fortification. As a result, these factors are likely to have a substantial impact on the market growth.
Functional Food: Industry Definition and Segmentation
A functional food is one that claims to have an additional function (usually one linked to health promotion or illness prevention) by combining two or more ingredients. Functional foods are intended to provide physiological advantages and/or lower the risk of chronic illness beyond basic nutritional functions. It can be taken as part of a normal diet and may look like traditional food.
By ingredient, the market is divided into:
- Probiotics
- Minerals
- Proteins and Amino Acids
- Prebiotics and Dietary Fibres
- Vitamins
- Others
The industry can be categorised based on product type into:
- Bakery and Cereals
- Dairy Products
- Meat, Fish, and Eggs
- Soy Products
- Fats and Oils
- Others
Based on application, the market is classified into:
- Sports Nutrition
- Weight Management
- Clinical Nutrition
- Cardio Health
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Demand for Nutritional and Fortified Food Products to Bolster the Growth of the Functional Food Industry
The industry is expanding due to the rising consumer demand for nutritious and fortified food products. Moreover, functional ingredients like omega-3 and probiotics are widely utilised in fish oils and yoghurt to lower the risk of cardiovascular diseases and enhance the quality of intestinal microflora. This is driving the growth of the market. Furthermore, as people become more health-conscious and pay more attention to their lifestyles and diets, the demand for functional foods is expected to increase throughout the world.
Due to the growing popularity of low-carbohydrate and high-protein diets such as paleo diets and the increasing awareness of digestive health, the market is anticipated to witness a significant growth in the forecast period.
Key Industry Players in the Functional Food Market
The report gives a detailed analysis of the following key players in the global functional food market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Danone S.A.
- Glanbia, Plc
- Hearthside Food Solutions LLC
- Mars, Incorporated
- Meiji Holdings Company, Ltd.
- Nestlé S.A.
- Raisio plc
- Royal FrieslandCampina N.V.
- Sanitarium Health Food Company
- The Kraft Heinz Company
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Ingredient, Product Type, Application, Region |
| Breakup by Ingredient | Probiotics, Minerals, Proteins and Amino Acids, Prebiotics and Dietary Fibres, Vitamins, Others |
| Breakup by Product Type | Bakery and Cereals, Dairy Products, Meat, Fish, and Eggs, Soy Products, Fats and Oils, Others |
| Breakup by Application | Sports Nutrition, Weight Management, Clinical Nutrition, Cardio Health, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Danone S.A., Glanbia, Plc, Hearthside Food Solutions LLC, Mars, Incorporated, Meiji Holdings Company, Ltd., Nestlé S.A., Raisio plc, Royal FrieslandCampina N.V., Sanitarium Health Food Company, The Kraft Heinz Company, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Functional Food Market Analysis
8.1 Key Industry Highlights
8.2 Global Functional Food Historical Market (2017-2021)
8.3 Global Functional Food Market Forecast (2022-2027)
8.4 Global Functional Food Market by Ingredient
8.4.1 Probiotics
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Minerals
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Proteins and Amino Acids
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Prebiotics and Dietary Fibres
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Vitamins
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Others
8.5 Global Functional Food Market by Product Type
8.5.1 Bakery and Cereals
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Dairy Products
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Meat, Fish, and Eggs
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Soy Products
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Fats and Oils
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.5.6 Others
8.6 Global Functional Food Market by Application
8.6.1 Sports Nutrition
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Weight Management
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Clinical Nutrition
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Cardio Health
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Others
8.7 Global Functional Food Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Danone S.A.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Glanbia, Plc
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Hearthside Food Solutions LLC
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Mars, Incorporated
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Meiji Holdings Company, Ltd.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Nestlé S.A.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Raisio plc
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Royal FrieslandCampina N.V.
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Sanitarium Health Food Company
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 The Kraft Heinz Company
12.2.10.1 Company Overview
12.2.10.2 Product Portfolio
12.2.10.3 Demographic Reach and Achievements
12.2.10.4 Certifications
12.2.11 Others
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
List of Figures and Tables
1. Global Functional Food Market: Key Industry Highlights, 2016 and 2026
2. Global Functional Food Historical Market: Breakup by Ingredient (USD Billion), 2017-2021
3. Global Functional Food Market Forecast: Breakup by Ingredient (USD Billion), 2022-2027
4. Global Functional Food Historical Market: Breakup by Product Type (USD Billion), 2017-2021
5. Global Functional Food Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
6. Global Functional Food Historical Market: Breakup by Application (USD Billion), 2017-2021
7. Global Functional Food Market Forecast: Breakup by Application (USD Billion), 2022-2027
8. Global Functional Food Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Functional Food Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Functional Food Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Functional Food Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Functional Food Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Functional Food Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Functional Food Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Functional Food Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Functional Food Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Functional Food Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Functional Food Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Functional Food Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Middle East and Africa Historical Price Trends and Forecast 2017-2027
21. Global Functional Food Market Structure
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1499
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2699-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateFive User License
$3699-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4699-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?RIGHT PEOPLE
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
RIGHT METHODOLOGY
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
RIGHT PRICE
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
RIGHT SUPPORT
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
The global quick service restaurants market attained a value of about USD 447.1 billion in 2021, driven by the versatility of menus offered by quick service restaurants. Aided by the rising focus on t...
The global fast casual restaurant market attained a value of USD 135.6 billion in 2020, driven by the heightened deployment of innovative production strategies. Aided by increased investments in the f...
The global probiotics market attained a value of about USD 55.6 billion in 2020, driven by increasing customer awareness about the product health benefits. Aided by the growing innovations in the prod...
The global food service equipment market attained a value of about USD 30.4 billion, driven by the rapid emergence of quick service restaurants. Aided by technological integration to optimise producti...
The global bacon market is being driven by the growing prevalence of various dietary trends. Aided by the rising popularity of meat-free bacon, the market is expected to witness a healthy growth in th...
NEWSLETTER