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Global Functional Foods and Beverages Market 2017-2021

Global Functional Foods and Beverages Market 2017-2021

About Functional Foods and Beverages

Functional foods and beverages are those foods and beverages to which special ingredients are added so that they provide additional health benefits. Regular food items such as cereals, bread, yogurts, snacks, and beverages are converted into functional foods by fortifying them with vitamins, herbs, or other nutrient-rich ingredients. The common ingredients that are added to functional foods and beverages include probiotics, prebiotics, and plant stanol and sterol.

Technavio’s analysts forecast the global functional foods and beverages market to grow at a CAGR of 7.80% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global functional foods and beverages market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of functional foods and beverages to individual consumers.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • MEA
Technavio's report, Global Functional Foods and Beverages Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • General Mills
  • Kellogg Company
  • Nestlé
  • PepsiCo
Other prominent vendors
  • Archer Daniels Midland (ADM)
  • Campbell Soup
  • Del Monte Pacific
  • Dr. Pepper Snapple Group
  • Fonterra
  • GlaxoSmithKline
  • JDB Group
  • Kraft Heinz
  • Living Essentials
  • Otsuka Pharmaceutical
  • Rockstar
  • Suntory
  • TC Pharmaceutical Industries
  • The Hain Celestial Group
  • Unilever
  • Uni-President
  • Welch’s
  • White Wave Foods
Market driver
  • Health benefits associated with functional food and beverages.
  • For a full, detailed list, view our report
Market challenge
  • Presence of stringent government regulations.
  • For a full, detailed list, view our report
Market trend
  • Increase in the use of natural ingredients and botanicals in functional drinks.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Functional Foods and Beverages Market 2017-2021

Technavio recognizes the following companies as the key players in the global functional foods and beverages market: General Mills, Kellogg Company, Nestlé, and PepsiCo.

Other Prominent Vendors in the market are: Archer Daniels Midland, Campbell Soup, Del Monte Pacific, Dr. Pepper Snapple, Fonterra, GlaxoSmithKline, JDB, Kraft Heinz, Living Essentials, Otsuka Pharmaceutical, Rockstar, Suntory, TC Pharmaceutical Industries, The Hain Celestial, Unilever, Uni-President, Welch’s, and White Wave Foods.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising awareness of the health benefits of functional foods. The rising awareness of the benefits of functional foods is driving the global functional foods and beverages market. Functional foods and beverages are becoming popular among consumers because of their perceived health benefits. These foods are marketed as products capable of reducing the risk of chronic diseases such as improving cognitive health, coronary heart disease and cancer and helping in weight management. An example of a natural functional food is oats. Oats contain high levels of beta-glucan, which reduces serum-LDL (referred to as bad cholesterol). Other functional foods include tea (catechin), yogurt (calcium and probiotics), super fruits such as cranberries, grapes, and pomegranate (antioxidants, carotenoids, (pro-)anthocyanidin, resveratrol, tannins, and flavonoids), tomatoes (lycopene), and chocolate (flavanol).”

According to the report, one driver in the market is product innovations. Innovations in flavors and functional ingredients are boosting the functional foods and beverages market globally. Manufacturers of functional foods and beverages are introducing new flavors in the market to match the changing consumer preferences. For example, UK-based Lucozade Ribena Suntory replaced its reduced-sugar lemonade (launched in 2014) with a new variant called Tropical Fusion in August 2015. This drink was introduced to meet the growing consumer preference for tropical flavors and is a blend of pineapple and kiwifruit. The manufacturers of these foods and ingredients are laying special emphasis on balancing functional benefits and flavor. Brands are also focusing on sugar-free and low-calorie formulations as these are in high demand. Advances in technology have enabled the development of products that mask the unpleasant taste of some functional ingredients. For example, effective microencapsulation allows manufacturers to hide the bitter taste of amino acids and other ingredients.

Further, the report states that one challenge in the market is high sugar content in functional beverages. The high sugar content of many functional foods and beverages acts as a challenge for the market as diabetes and obesity have become major health concerns across the globe. The excessive consumption of products having high sugar content can increase an individual's blood sugar level and weight, causing diabetes and obesity. The incidence of obesity is already high in high-income countries and is also growing in the low- and middle-income countries. In 2015, nearly 38.46% of the total adults population worldwide were overweight. Of these, more than 34% were obese. The Centers for Disease Control and Prevention estimates that 34.9% of American adults and 17% of children and adolescents are obese.

Companies Mentioned

General Mills, Kellogg Company, Nestlé, PepsiCo, Archer Daniels Midland, Campbell Soup, Del Monte Pacific, Dr. Pepper Snapple, Fonterra, GlaxoSmithKline, JDB, Kraft Heinz, Living Essentials, Otsuka Pharmaceutical, Rockstar, Suntory, TC Pharmaceutical Industries, The Hain Celestial, Unilever, Uni-President, Welch’s, and White Wave Foods.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Product segments in the global functional foods and beverages market
      • Table Key countries in each region
    • Top-player offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global functional foods and beverages market overview 2016
    • Global food and beverage (F&B) market
      • Table Global food and beverage market 2016-2021 ($ trillions)
    • Global health and wellness food market
      • Table Global health and wellness food market 2016-2021 ($ billions)
    • Global functional foods and beverages market
      • Table Global functional foods and beverages market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global functional foods market
      • Table Global functional foods market 2016-2021 ($ billions)
    • Global functional beverages market
      • Table Global functional beverages market 2016-2021 ($ billions)
      • Table Global functional beverages market by product type 2016
  • Market segmentation by distribution channel
    • Table Global functional foods and beverages market by distribution channel 2016
  • Geographical segmentation
    • Functional foods and beverages market in the Americas
      • Table Functional foods and beverages market in the Americas 2016-2020 ($ billions)
    • Functional foods and beverages market in Europe
      • Table Functional foods and beverages market in Europe 2016-2020 ($ billions)
    • Functional foods and beverages market in APAC
      • Table Functional foods and beverages market in APAC 2016-2020 ($ billions)
    • Functional foods and beverages market in MEA
      • Table Functional foods and beverages market in MEA 2016-2020 ($ billions)
  • Key leading countries
    • Table Key leading countries
    • US
      • Table Functional foods and beverages market in the US 2016-2021 ($ billions)
    • Japan
      • Table Functional foods and beverages market in Japan 2016-2021 ($ billions)
    • China
      • Table Functional foods and beverages market in China 2016-2021 ($ billions)
    • Germany
      • Table Functional foods and beverages market in Germany 2016-2021 ($ billions)
  • Market drivers
    • Product innovations
    • Health benefits associated with functional foods and beverages
    • Emergence of non-traditional fitness activities
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Product ingredient labeling
    • High sugar content in functional beverages
    • Presence of stringent government regulations
      • Table Examples of regulatory bodies
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rising awareness of the health benefits of functional foods
    • Increase in the use of natural ingredients and botanicals in functional drinks
    • Functional food and beverage manufacturers targeting young video gamers
  • Vendor landscape
    • Competitive scenario
      • Table Competitive assessment of major players in the global functional foods and beverages market-2015
    • General Mills
      • Table General Mills: Business segmentation by revenue 2015
      • Table General Mills: Geographical segmentation by revenue 2015
    • Kellogg Company
      • Table Kellogg Company: Business segmentation by revenue 2015
    • Nestlé
      • Table Nestlé: Business segmentation by revenue 2015
      • Table Nestlé: Geographical segmentation by revenue 2015
    • PepsiCo
    • Other prominent players
  • List of abbreviation
  • Explore Technavio

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