
Functional Foods Global Market Report 2025
Description
Functional Foods Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on functional foods market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
Where is the largest and fastest growing market for functional foods ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The functional foods market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Markets Covered:1) By Product Type: Bakery And Cereals; Dairy Products; Meat, Fish And Eggs; Soy Products; Fats And Oils; Other Product Types
2) By Ingredients: Carotenoids; Dietary Fibers; Fatty Acids; Minerals; Prebiotics And Probiotics; Vitamins; Other Ingredients
3) By Application: Sports Nutrition; Weight Management; Immunity; Digestive Health; Clinical Nutrition; Cardio Health; Other Applications
Subsegments:
1) By Bakery And Cereals: Whole Grain Products; Fortified Breads; Breakfast Cereals; Snack Bars; Other Bakery And Cereal Products
2) By Dairy Products: Yogurt; Functional Cheese; Milk; Dairy-Based Beverages; Other Dairy Products
3) By Meat, Fish And Eggs: Functional Processed Meats; Omega-3-Enriched Fish; Fortified Eggs; Other Meat, Fish And Egg Products
4) By Soy Products: Tofu; Soy Milk; Edamame; Soy Protein Isolate; Other Soy Products
5) By Fats And Oils: Omega-3-Enriched Oils; Functional Margarine; Coconut Oil; Olive Oil; Other Fats And Oils
6) By Other Product Types: Snacks; Beverages; Supplements; Other Miscellaneous Functional Foods
Companies Mentioned: Nestlé Alimentana SA; BASF SE; PepsiCo Inc.; Unilever plc; Abbott Laboratories
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
This report focuses on functional foods market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for functional foods ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The functional foods market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Markets Covered:1) By Product Type: Bakery And Cereals; Dairy Products; Meat, Fish And Eggs; Soy Products; Fats And Oils; Other Product Types
2) By Ingredients: Carotenoids; Dietary Fibers; Fatty Acids; Minerals; Prebiotics And Probiotics; Vitamins; Other Ingredients
3) By Application: Sports Nutrition; Weight Management; Immunity; Digestive Health; Clinical Nutrition; Cardio Health; Other Applications
Subsegments:
1) By Bakery And Cereals: Whole Grain Products; Fortified Breads; Breakfast Cereals; Snack Bars; Other Bakery And Cereal Products
2) By Dairy Products: Yogurt; Functional Cheese; Milk; Dairy-Based Beverages; Other Dairy Products
3) By Meat, Fish And Eggs: Functional Processed Meats; Omega-3-Enriched Fish; Fortified Eggs; Other Meat, Fish And Egg Products
4) By Soy Products: Tofu; Soy Milk; Edamame; Soy Protein Isolate; Other Soy Products
5) By Fats And Oils: Omega-3-Enriched Oils; Functional Margarine; Coconut Oil; Olive Oil; Other Fats And Oils
6) By Other Product Types: Snacks; Beverages; Supplements; Other Miscellaneous Functional Foods
Companies Mentioned: Nestlé Alimentana SA; BASF SE; PepsiCo Inc.; Unilever plc; Abbott Laboratories
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Table of Contents
300 Pages
- 1. Executive Summary
- 2. Functional Foods Market Characteristics
- 3. Functional Foods Market Trends And Strategies
- 4. Functional Foods Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market
- 5. Global Functional Foods Growth Analysis And Strategic Analysis Framework
- 5.1. Global Functional Foods PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Functional Foods Market Growth Rate Analysis
- 5.4. Global Functional Foods Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Functional Foods Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Functional Foods Total Addressable Market (TAM)
- 6. Functional Foods Market Segmentation
- 6.1. Global Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Bakery And Cereals
- Dairy Products
- Meat, Fish And Eggs
- Soy Products
- Fats And Oils
- Other Product Types
- 6.2. Global Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Carotenoids
- Dietary Fibers
- Fatty Acids
- Minerals
- Prebiotics And Probiotics
- Vitamins
- Other Ingredients
- 6.3. Global Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Sports Nutrition
- Weight Management
- Immunity
- Digestive Health
- Clinical Nutrition
- Cardio Health
- Other Applications
- 6.4. Global Functional Foods Market, Sub-Segmentation Of Bakery and Cereals, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Whole Grain Products
- Fortified Breads
- Breakfast Cereals
- Snack Bars
- Other Bakery and Cereal Products
- 6.5. Global Functional Foods Market, Sub-Segmentation Of Dairy Products, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Yogurt
- Functional Cheese
- Milk
- Dairy-Based Beverages
- Other Dairy Products
- 6.6. Global Functional Foods Market, Sub-Segmentation Of Meat, Fish and Eggs, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Functional Processed Meats
- Omega-3-Enriched Fish
- Fortified Eggs
- Other Meat, Fish and Egg Products
- 6.7. Global Functional Foods Market, Sub-Segmentation Of Soy Products, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Tofu
- Soy Milk
- Edamame
- Soy Protein Isolate
- Other Soy Products
- 6.8. Global Functional Foods Market, Sub-Segmentation Of Fats and Oils, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Omega-3-Enriched Oils
- Functional Margarine
- Coconut Oil
- Olive Oil
- Other Fats and Oils
- 6.9. Global Functional Foods Market, Sub-Segmentation Of Other Product Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Snacks
- Beverages
- Supplements
- Other Miscellaneous Functional Foods
- 7. Functional Foods Market Regional And Country Analysis
- 7.1. Global Functional Foods Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 7.2. Global Functional Foods Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 8. Asia-Pacific Functional Foods Market
- 8.1. Asia-Pacific Functional Foods Market Overview
- Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 8.3. Asia-Pacific Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 8.4. Asia-Pacific Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 9. China Functional Foods Market
- 9.1. China Functional Foods Market Overview
- 9.2. China Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
- 9.3. China Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
- 9.4. China Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
- 10. India Functional Foods Market
- 10.1. India Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 10.2. India Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 10.3. India Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 11. Japan Functional Foods Market
- 11.1. Japan Functional Foods Market Overview
- 11.2. Japan Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 11.3. Japan Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 11.4. Japan Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 12. Australia Functional Foods Market
- 12.1. Australia Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 12.2. Australia Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 12.3. Australia Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 13. Indonesia Functional Foods Market
- 13.1. Indonesia Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 13.2. Indonesia Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 13.3. Indonesia Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 14. South Korea Functional Foods Market
- 14.1. South Korea Functional Foods Market Overview
- 14.2. South Korea Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 14.3. South Korea Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 14.4. South Korea Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 15. Western Europe Functional Foods Market
- 15.1. Western Europe Functional Foods Market Overview
- 15.2. Western Europe Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 15.3. Western Europe Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 15.4. Western Europe Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 16. UK Functional Foods Market
- 16.1. UK Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 16.2. UK Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 16.3. UK Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 17. Germany Functional Foods Market
- 17.1. Germany Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 17.2. Germany Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 17.3. Germany Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 18. France Functional Foods Market
- 18.1. France Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 18.2. France Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 18.3. France Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 19. Italy Functional Foods Market
- 19.1. Italy Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 19.2. Italy Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 19.3. Italy Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 20. Spain Functional Foods Market
- 20.1. Spain Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 20.2. Spain Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 20.3. Spain Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 21. Eastern Europe Functional Foods Market
- 21.1. Eastern Europe Functional Foods Market Overview
- 21.2. Eastern Europe Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 21.3. Eastern Europe Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 21.4. Eastern Europe Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 22. Russia Functional Foods Market
- 22.1. Russia Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 22.2. Russia Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 22.3. Russia Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 23. North America Functional Foods Market
- 23.1. North America Functional Foods Market Overview
- 23.2. North America Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 23.3. North America Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 23.4. North America Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 24. USA Functional Foods Market
- 24.1. USA Functional Foods Market Overview
- 24.2. USA Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 24.3. USA Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 24.4. USA Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 25. Canada Functional Foods Market
- 25.1. Canada Functional Foods Market Overview
- 25.2. Canada Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 25.3. Canada Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 25.4. Canada Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 26. South America Functional Foods Market
- 26.1. South America Functional Foods Market Overview
- 26.2. South America Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 26.3. South America Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 26.4. South America Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 27. Brazil Functional Foods Market
- 27.1. Brazil Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 27.2. Brazil Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 27.3. Brazil Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 28. Middle East Functional Foods Market
- 28.1. Middle East Functional Foods Market Overview
- 28.2. Middle East Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 28.3. Middle East Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 28.4. Middle East Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 29. Africa Functional Foods Market
- 29.1. Africa Functional Foods Market Overview
- 29.2. Africa Functional Foods Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 29.3. Africa Functional Foods Market, Segmentation By Ingredients, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 29.4. Africa Functional Foods Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 30. Functional Foods Market Competitive Landscape And Company Profiles
- 30.1. Functional Foods Market Competitive Landscape
- 30.2. Functional Foods Market Company Profiles
- 30.2.1. Nestlé Alimentana SA Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. BASF SE Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. PepsiCo Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Unilever plc Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Abbott Laboratories Overview, Products and Services, Strategy and Financial Analysis
- 31. Functional Foods Market Other Major And Innovative Companies
- 31.1. The Coca-Cola Company
- 31.2. GlaxoSmithKline Company
- 31.3. Mondelez International Inc.
- 31.4. Danone SA
- 31.5. Kraft Foods Inc.
- 31.6. General Mills Inc.
- 31.7. Royal FrieslandCampina NV
- 31.8. Kellogg Company
- 31.9. Kirin Holdings Company Ltd.
- 31.10. Dr PepperSnapple Group Inc.
- 31.11. Red Bull GmbH
- 31.12. Ajinomoto Co. Inc.
- 31.13. Meiji Holdings Company Ltd.
- 31.14. Givaudan SA
- 31.15. Glanbia plc
- 32. Global Functional Foods Market Competitive Benchmarking And Dashboard
- 33. Key Mergers And Acquisitions In The Functional Foods Market
- 34. Recent Developments In The Functional Foods Market
- 35. Functional Foods Market High Potential Countries, Segments and Strategies
- 35.1 Functional Foods Market In 2029 - Countries Offering Most New Opportunities
- 35.2 Functional Foods Market In 2029 - Segments Offering Most New Opportunities
- 35.3 Functional Foods Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies
- 36. Appendix
- 36.1. Abbreviations
- 36.2. Currencies
- 36.3. Historic And Forecast Inflation Rates
- 36.4. Research Inquiries
- 36.5. The Business Research Company
- 36.6. Copyright And Disclaimer
Pricing
Currency Rates
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