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Global Functional Food Market Size, Share, Trends, Growth: By Ingredient: Probiotics, Minerals, Proteins and Amino Acids, Prebiotics and Dietary Fibres, Vitamins, Others; By Product Type: Bakery and Cereals, Dairy Products, Meat, Fish, and Eggs, Soy Products, Fats and Oils, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Opportunities and Challenges in the Market
8 Global Functional Food Market Analysis
8.1 Key Industry Highlights
8.2 Global Functional Food Historical Market (2018-2023)
8.3 Global Functional Food Market Forecast (2024-2032)
8.4 Global Functional Food Market by Ingredient
8.4.1 Probiotics
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Minerals
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Proteins and Amino Acids
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Prebiotics and Dietary Fibres
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Vitamins
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Functional Food Market by Product Type
8.5.1 Bakery and Cereals
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Dairy Products
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Meat, Fish, and Eggs
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Soy Products
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Fats and Oils
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Functional Food Market by Application
8.6.1 Sports Nutrition
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Weight Management
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Clinical Nutrition
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Cardio Health
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Functional Food Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Functional Food Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Functional Food Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Functional Food Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Functional Food Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Functional Food Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Danone S.A.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Glanbia, Plc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Hearthside Food Solutions LLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Mars, Incorporated
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Meiji Holdings Company, Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Nestlé S.A.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Raisio plc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Royal FrieslandCampina N.V.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Sanitarium Health Food Company
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 The Kraft Heinz Company
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
List of Key Figures and Tables
1. Global Functional Food Market: Key Industry Highlights, 2018 and 2032
2. Global Functional Food Historical Market: Breakup by Ingredient (USD Billion), 2018-2023
3. Global Functional Food Market Forecast: Breakup by Ingredient (USD Billion), 2024-2032
4. Global Functional Food Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Global Functional Food Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Global Functional Food Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Functional Food Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Functional Food Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Functional Food Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Functional Food Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Functional Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Functional Food Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Functional Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Functional Food Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Functional Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Functional Food Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Functional Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Functional Food Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Functional Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
21. Global Functional Food Market Structure
Key Questions Answered in the Report
In 2023, the global functional food market attained a value of nearly USD 206.75 billion.
The market is projected to grow at a CAGR of 6.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 370.53 billion by 2032.
The market is being driven by factors such as growing consumer demand for nutrient rich and fortified food products, growing population, rise in disposable incomes, and initiatives by various governments to resolve prevailing problems of malnutrition.
The key trends of the market include the rising popularity of low-carbohydrate and high-protein diets such as paleo diets and the rising awareness of digestive health.
The major regions in the market are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific.
Probiotics, minerals, proteins and amino acids, prebiotics and dietary fibres and vitamins, among others are the dominant ingredients in the market.
The various product types include bakery and cereals, dairy products, meat, fish, and eggs, soy products, and fats and oils, among others.
The major applications in the market include sports nutrition, weight management, clinical nutrition, and cardio health, among others.
The key players in the global functional food market are 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, and The Kraft Heinz Company, among others.
Analyst Review
The global functional food market attained a value of USD 206.75 billion in 2023, driven by the growing consumer demand for nutrient rich and fortified food products. Aided by the rising popularity of low-carbohydrate, high-protein diets and rising awareness of digestive health, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.7%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the global functional food industry can be segmented into bakery and cereals, dairy products, meat, fish, and eggs, soy products, fats and oils, among others. By ingredient type, probiotics, minerals, proteins and amino acids, prebiotics and dietary fibres, and vitamins, among others are the segments, with prebiotics and dietary fibres accounting for the largest market share. On the basis of application, the industry is classified into sports nutrition, weight management, clinical nutrition, and cardio health, among others. The major regional markets for the functional food are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include 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, and The Kraft Heinz Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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