Functional Foods Market Size, Share, and Analysis, By Ingredient (Fatty Acids, Carotenoids, Dietary Fibres, Prebiotics & Probiotics, Minerals, Vitamins, Others), By Product (Dairy Products, Bakery & Cereals, Meat, Soy Products, Fish & Eggs, Fats & Oils, Others), By Application (Sports Nutrition, Immunity, Cardio Health, Weight Management, Clinical Nutrition, Digestive Health, Others), By Category (Organic, Conventional), By Distribution Channel (Online Retail, Convenience Stores, Supermarkets and Hypermarkets, Others), and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Functional Foods Market size was USD 262.34 billion in 2021 and projected to grow from USD 311.3 billion in 2023 to USD 681.3 billion by 2032, exhibiting a CAGR of 9.1% during the forecast period.
Functional foods are referred to as a modified food that are said to improve health having the advantages exceeding normal daily intake of nutrients like improving health of heart, boosting bone health, cholesterol management etc. It does not state to heal the disease but aids in minimising the risk of diseases by enhancing the health by giving essential nutrients. The aim of adding additives into the functional food is expected to boost the nutritional value of food products. Functional foods are whole, enriched, protective foods that provide health benefits.
MARKET HIGHLIGHTS
Functional Foods Market is expected to reach USD 681.3 billion, growing at a CAGR of 9.1% during forecast period owing to the rising awareness about maintaining health and about preventive healthcare. The demand for foods containing of dietary fibres has increased due to the growing consumption of functional foods that may boost the health and nutrition thereby having positive impact on market growth. The initiatives taken by the government and non-governmental bodies to promote awareness on nutritional benefits offered by functional foods is also expected to boost the growth of the market.
Functional Foods Market Segments:
Ingredient
Fatty Acids
Carotenoids
Dietary Fibres
Prebiotics & Probiotics
Minerals
Vitamins
Others
Product
Dairy Products
Bakery & Cereals
Meat
Soy Products
Fish & Eggs
Fats & Oils
Others
Application
Sports Nutrition
Immunity
Cardio Health
Weight Management
Clinical Nutrition
Digestive Health
Others
Category
Organic
Conventional
Distribution Channel
Online Retail
Convenience Stores
Supermarkets and Hypermarkets
Others
MARKET DYNAMICS
Growth Drivers
Increasing Geriatric Population is Expected to Boost the Growth of the Market
Development of Innovative Products is Expected to Boost the Growth of the Market
Restraint
Unpleasant Flavours May Restrain the Growth of the Market
Key Players
Amway
Cargill
Arla Foods
BASF
Nutri-Nation
GFR Pharma
Herbalife
Good Source Foods, LLC.
Nestlé
HILDUR
Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
3-month post-sales analyst support.
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- 1. Executive Summary
- 1.1. Regional Market Share
- 1.2. Business Trends
- 1.3. Functional Foods Market: COVID-19 Outbreak
- 1.4. Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1. Research Objective
- 2.2. Research Approach
- 2.3. Data Sourcing and Methodology
- 2.4. Primary Research
- 2.5. Secondary Research
- 2.5.1. Paid Sources
- 2.5.2. Public Sources
- 2.6. Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1. Market Definition
- 3.2. Functional Foods Market: COVID-19 Impact
- 3.3. Key Segmentations
- 3.4. Key Developments
- 3.5. Allied Industry Data
- 4. Functional Foods Market – Industry Insights
- 4.1. Industry Segmentation
- 4.2. COVID-19 overview on world economy
- 4.3. Industry ecosystem Channel analysis
- 4.4. Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7. Market Dynamics
- 7.1. Introduction
- 7.2. Growth Drivers
- 7.3. Market Opportunities
- 7.4. Market Restraints
- 7.5. Market Trends
- 8. Risk Analysis
- 9. Market Analysis
- 9.1. Porters Five Forces
- 9.2. PEST Analysis
- 9.2.1. Political
- 9.2.2. Economic
- 9.2.3. Social
- 9.2.4. Technological
- 10. Functional Foods Market
- 10.1. Overview
- 10.2. Historical Analysis (2016-2021)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11. Functional Foods Market Size & Forecast 2022A-2032F
- 11.1. Overview
- 11.2. Key Findings
- 11.3. Market Segmentation
- 11.3.1. By Ingredient
- 11.3.1.1. Fatty Acids
- 11.3.1.1.1. By Value (USD Million) 2022-2032F
- 11.3.1.1.2. Market Share (%) 2022-2032F
- 11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.1.2. Carotenoids
- 11.3.1.2.1. By Value (USD Million) 2022-2032F
- 11.3.1.2.2. Market Share (%) 2022-2032F
- 11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.1.3. Dietary Fibers
- 11.3.1.3.1. By Value (USD Million) 2022-2032F
- 11.3.1.3.2. Market Share (%) 2022-2032F
- 11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.1.4. Prebiotics & Probiotics
- 11.3.1.4.1. By Value (USD Million) 2022-2032F
- 11.3.1.4.2. Market Share (%) 2022-2032F
- 11.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.1.5. Minerals
- 11.3.1.5.1. By Value (USD Million) 2022-2032F
- 11.3.1.5.2. Market Share (%) 2022-2032F
- 11.3.1.5.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.1.6. Vitamins
- 11.3.1.6.1. By Value (USD Million) 2022-2032F
- 11.3.1.6.2. Market Share (%) 2022-2032F
- 11.3.1.6.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.1.7. Others
- 11.3.1.7.1. By Value (USD Million) 2022-2032F
- 11.3.1.7.2. Market Share (%) 2022-2032F
- 11.3.1.7.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2. By Product
- 11.3.2.1. Dairy Products
- 11.3.2.1.1. By Value (USD Million) 2022-2032F
- 11.3.2.1.2. Market Share (%) 2022-2032F
- 11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2.2. Bakery & Cereals
- 11.3.2.2.1. By Value (USD Million) 2022-2032F
- 11.3.2.2.2. Market Share (%) 2022-2032F
- 11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2.3. Meat
- 11.3.2.3.1. By Value (USD Million) 2022-2032F
- 11.3.2.3.2. Market Share (%) 2022-2032F
- 11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2.4. Soy Products
- 11.3.2.4.1. By Value (USD Million) 2022-2032F
- 11.3.2.4.2. Market Share (%) 2022-2032F
- 11.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2.5. Fish & Eggs
- 11.3.2.5.1. By Value (USD Million) 2022-2032F
- 11.3.2.5.2. Market Share (%) 2022-2032F
- 11.3.2.5.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2.6. Fats & Oils
- 11.3.2.6.1. By Value (USD Million) 2022-2032F
- 11.3.2.6.2. Market Share (%) 2022-2032F
- 11.3.2.6.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2.7. Other
- 11.3.2.7.1. By Value (USD Million) 2022-2032F
- 11.3.2.7.2. Market Share (%) 2022-2032F
- 11.3.2.7.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3. By Application
- 11.3.3.1. Sports Nutrition
- 11.3.3.1.1. By Value (USD Million) 2022-2032F
- 11.3.3.1.2. Market Share (%) 2022-2032F
- 11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.2. Immunity
- 11.3.3.2.1. By Value (USD Million) 2022-2032F
- 11.3.3.2.2. Market Share (%) 2022-2032F
- 11.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.3. Cardio Health
- 11.3.3.3.1. By Value (USD Million) 2022-2032F
- 11.3.3.3.2. Market Share (%) 2022-2032F
- 11.3.3.3.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.4. Weight Management
- 11.3.3.4.1. By Value (USD Million) 2022-2032F
- 11.3.3.4.2. Market Share (%) 2022-2032F
- 11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.5. Clinical Nutrition
- 11.3.3.5.1. By Value (USD Million) 2022-2032F
- 11.3.3.5.2. Market Share (%) 2022-2032F
- 11.3.3.5.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.6. Digestive Health
- 11.3.3.6.1. By Value (USD Million) 2022-2032F
- 11.3.3.6.2. Market Share (%) 2022-2032F
- 11.3.3.6.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.7. Others
- 11.3.3.7.1. By Value (USD Million) 2022-2032F
- 11.3.3.7.2. Market Share (%) 2022-2032F
- 11.3.3.7.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.4. By Category
- 11.3.4.1. Organic
- 11.3.4.1.1. By Value (USD Million) 2022-2032F
- 11.3.4.1.2. Market Share (%) 2022-2032F
- 11.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.4.2. Conventional
- 11.3.4.2.1. By Value (USD Million) 2022-2032F
- 11.3.4.2.2. Market Share (%) 2022-2032F
- 11.3.4.2.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.5. By Distribution Channel
- 11.3.5.1. Online Retail
- 11.3.5.1.1. By Value (USD Million) 2022-2032F
- 11.3.5.1.2. Market Share (%) 2022-2032F
- 11.3.5.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.5.2. Convenience Stores
- 11.3.5.2.1. By Value (USD Million) 2022-2032F
- 11.3.5.2.2. Market Share (%) 2022-2032F
- 11.3.5.2.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.5.3. Supermarkets and Hypermarkets
- 11.3.5.3.1. By Value (USD Million) 2022-2032F
- 11.3.5.3.2. Market Share (%) 2022-2032F
- 11.3.5.3.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.5.4. Others
- 11.3.5.4.1. By Value (USD Million) 2022-2032F
- 11.3.5.4.2. Market Share (%) 2022-2032F
- 11.3.5.4.3. Y-o-Y Growth (%) 2022-2032F
- 12. North America Functional Foods Market Size & Forecast 2022A-2032F
- 12.1. Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Ingredient
- 12.3.2. By Product
- 12.3.3. By Application
- 12.3.4. By Category
- 12.3.5. By Distribution Channel
- 12.4. Country
- 12.4.1. United States
- 12.4.2. Canada
- 13. Europe Functional Foods Market Size & Forecast 2022A-2032F
- 13.1. Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1. By Ingredient
- 13.3.2. By Product
- 13.3.3. By Application
- 13.3.4. By Category
- 13.3.5. By Distribution Channel
- 13.4. Country
- 13.4.1. Germany
- 13.4.2. United Kingdom
- 13.4.3. France
- 13.4.4. Italy
- 13.4.5. Spain
- 13.4.6. Russia
- 13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14. Asia Functional Foods Market Size & Forecast 2022A-2032F
- 14.1. Overview
- 14.2. Key Findings
- 14.3. Market Segmentation
- 14.3.1. By Ingredient
- 14.3.2. By Product
- 14.3.3. By Application
- 14.3.4. By Category
- 14.3.5. By Distribution Channel
- 14.4. Country
- 14.4.1. India
- 14.4.2. China
- 14.4.3. South Korea
- 14.4.4. Japan
- 14.4.5. Rest of APAC
- 15. Middle East and Africa Functional Foods Market Size & Forecast 2022A-2032F
- 15.1. Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1. By Ingredient
- 15.3.2. By Product
- 15.3.3. By Application
- 15.3.4. By Category
- 15.3.5. By Distribution Channel
- 15.4. Country
- 15.4.1. Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4. South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Functional Foods Market Size & Forecast 2022A-2032F
- 16.1. Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1. By Ingredient
- 16.3.2. By Product
- 16.3.3. By Application
- 16.3.4. By Category
- 16.3.5. By Distribution Channel
- 16.4. Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1. Company market share, 2021
- 17.2. Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1. Amway
- 18.1.1. Company Overview
- 18.1.2. Financial Overview
- 18.1.3. Key Product; Analysis
- 18.1.4. Company Assessment
- 18.1.4.1. Product Portfolio
- 18.1.4.2. Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3 Yrs.)
- 18.1.4.5. Executive Team
- 18.2. Cargill
- 18.3. Arla Foods
- 18.4. BASF
- 18.5. Nutri-Nation
- 18.6. GFR Pharma
- 18.7. Herbalife
- 18.8. Good Source Foods, LLC.
- 18.9. Nestlé
- 18.10. HILDUR
- 18.11. Other Prominent Players
- 19. Appendix
- 20. Consultant Recommendation
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