Functional Foods & Beverages Market Research Reports & Industry Analysis
A functional food has to do more than the basic function of supplying nutrients. The basic category of functional foods includes processed food or foods fortified with additives, like "vitamin-enriched" products. Fermented foods with live cultures are considered functional foods with probiotic benefits.
Health-conscious consumers have supplied the demand to make functional foods an emerging field in food science. Yet, as consumers seek healthy choices, they are often skeptical about the benefits claimed by the companies developing new functional foods and beverages. The fact is the benefits are simply difficult to detect.
The industry suggests the establishment of a health claim regulating agency, which may increase consumer confidence. However, strict examination of some of the functional food claims may discourage some companies from launching their products.
The burgeoning industry was also impacted by poor global economic outlook. Many companies were forced to reposition themselves in response to the global economic downturn by lowering prices, eliminating divisions and rebranding products. Others grew by targeting products that consumers believe make an impact on their health. Product functionality is the most important consumer decision factor, generally outweighing cost sensitivity.
Consumer surveys on a wide range of functional food areas -- such as heart, digestive, immunity, cognitive, joint and bone health -- find that shoppers have high levels of interest, but much lower levels of actual purchase behavior.
Cognitive-health products are one example, as more than two-thirds of Americans say they are interested in products that increase concentration, but less than one in five actually buy such products. Narrowing this gap is crucial for the industry to turn functional foods and drinks from a novelty into a steady growing business in the long term.
Functional Foods & Beverages Industry Research & Market Reports
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Commercial Seaweeds
... CAGR of 8.4% over the analysis period 2024-2030. Red Seaweeds, one of the segments analyzed in the report, is expected to record a 8.3% CAGR and reach US$18.0 Billion by the end of the analysis ... Read More
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Probiotics
... 5.4% over the analysis period 2024-2030. Bacteria Ingredient, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$70.8 Billion by the end of the analysis period. Growth ... Read More
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Vitamin Fortified and Mineral Enriched Food & Beverage
... 2024, is expected to reach US$123.0 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2024-2030. Foods, one of the segments analyzed in the report, is expected to record a 6.9% ... Read More
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Algae
... 4.5% over the analysis period 2024-2030. Open Pond Cultivation, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$1.7 Billion by the end of the analysis period. ... Read More
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Health and Wellness Foods
... 2030, growing at a CAGR of 7.8% over the analysis period 2024-2030. Naturally Healthy Foods, one of the segments analyzed in the report, is expected to record a 9.0% CAGR and reach US$627.0 Billion by ... Read More
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Carob Powder
... CAGR of 5.7% over the analysis period 2024-2030. Natural, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$48.7 Million by the end of the analysis period. ... Read More
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Probiotics Dietary Supplements
... at a CAGR of 5.8% over the analysis period 2024-2030. Capsules, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach US$4.2 Billion by the end of the ... Read More
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Functional Foods and Drinks
... 2030, growing at a CAGR of 7.4% over the analysis period 2024-2030. Beverages, one of the segments analyzed in the report, is expected to record a 8.2% CAGR and reach US$180.3 Billion by the end ... Read More
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Heart Healthy Ingredients
... at a CAGR of 4.2% over the analysis period 2024-2030. Omega-3, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$12.4 Billion by the end of the ... Read More
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Microalgae
... 5.8% over the analysis period 2024-2030. Food / Feed, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$498.9 Million by the end of the analysis period. ... Read More
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Functional Food Ingredients
... at a CAGR of 7.7% over the analysis period 2024-2030. Natural, one of the segments analyzed in the report, is expected to record a 8.1% CAGR and reach US$100.0 Billion by the end of the ... Read More
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Omega 3 Ingredients Market Report by Type (Alpha-linolenic Acid (ALA), Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA)), Source (Marine Source, Plant Source), Application (Supplements and Functional Foods, Pharmaceuticals, Infant Formula, Animal Feed), and Region 2025-2033
... 2025-2033. mega 3 ingredients are naturally occurring polyunsaturated fatty acids (PUFAs) and nutrients that are imperative for optimal human health. They are widely found in fish, flaxseed, and dietary supplements, such as algal, krill refine ... Read More
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Packaged Chia Seeds
... at a CAGR of 5.5% over the analysis period 2024-2030. Black Chia Seeds, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$1.5 Billion by the end ... Read More
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Soluble Dietary Fibers
... at a CAGR of 13.2% over the analysis period 2024-2030. Inulin, one of the segments analyzed in the report, is expected to record a 14.8% CAGR and reach US$4.1 Billion by the end of the ... Read More
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2025 Global Grain-Sourced Prebiotic Ingredient Market Industry (2031 Outlook)
... for a three-year historical trend (2019-2022), a three-year forecast estimate trends (2023-2025), and a five-year outlook projection (2026-2031) for 46 countries. The report also features written analysis on market definitions, market segments, market trends, technology ... Read More
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Functional Bars
... CAGR of 5.6% over the analysis period 2024-2030. Protein-Rich Bars, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$953.7 Million by the end of the analysis ... Read More
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Lutein
... 5.1% over the analysis period 2024-2030. Natural, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$419.4 Million by the end of the analysis period. Growth in ... Read More
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Fatty Acid Supplements
... at a CAGR of 11.7% over the analysis period 2024-2030. Marine Oils, one of the segments analyzed in the report, is expected to record a 11.2% CAGR and reach US$11.8 Billion by the end of ... Read More
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Flavonoids
... 3.4% over the analysis period 2024-2030. Isoflavones, one of the segments analyzed in the report, is expected to record a 3.9% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in ... Read More
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Seaweeds
... 9.7% over the analysis period 2024-2030. Red Seaweed, one of the segments analyzed in the report, is expected to record a 10.0% CAGR and reach US$13.6 Billion by the end of the analysis period. Growth ... Read More
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Wheatgrass Products
... CAGR of 3.8% over the analysis period 2024-2030. Wheatgrass Powder, one of the segments analyzed in the report, is expected to record a 3.3% CAGR and reach US$124.7 Million by the end of the analysis ... Read More
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Spirulina Extracts
... CAGR of 9.4% over the analysis period 2024-2030. Arthrospira Platensis, one of the segments analyzed in the report, is expected to record a 10.0% CAGR and reach US$762.8 Million by the end of the analysis ... Read More
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Chlorella
... 5.7% over the analysis period 2024-2030. Chlorella Vulgaris, one of the segments analyzed in the report, is expected to record a 5.8% CAGR and reach US$138.8 Million by the end of the analysis period. Growth ... Read More
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Algae Proteins
... CAGR of 7.1% over the analysis period 2024-2030. Spirulina, one of the segments analyzed in the report, is expected to record a 7.6% CAGR and reach US$880.3 Million by the end of the analysis period. ... Read More
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Plant-based Beverages
... CAGR of 10.9% over the analysis period 2024-2030. Almond, one of the segments analyzed in the report, is expected to record a 12.1% CAGR and reach US$19.2 Billion by the end of the analysis period. ... Read More
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