Functional Food Market Research Report

 

Growth Opportunities in the global functional food market look promising over the next six years. The unhealthy lifestyle of the millennials and post-millennials and the growing rate of the geriatric population are the key factors that are driving the growth of the global functional food market.

Introduction of the Functional Food Market:

Functional food is nutritious food products that have various powerful health benefits and are also known as nutraceuticals. There are various functional food products, such as designer food products, dietary supplements and diets, herbal products, and processed food products include soups, cereals, and beverages. Functional food products have numerous nutrients and other substances that encourage good health. These products aids in protecting against numerous diseases, prevent nutrient deficiencies, provide proper growth and development while enhancing overall health.

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Functional Food Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The global functional food market is expected to witness strong demand during the forecast period due to the unhealthy lifestyle of the millennials and the post-millennials, growing rate of geriatric population, and the increasing rate of chronic diseases from an early age. Furthermore, the emerging trend of healthy diet patterns, followed by the rising health consciousness among the consumers, are further bringing various growth opportunities for the market during the forecast period. The increasing awareness among people regarding gut health owing to the rising number of fatal incidents with intestinal inflammation is propelling the functional food market growth.

The increasing healthcare expenditure and the rising purchasing power of the consumers have led to an upsurge in the demand of the global functional foods market size. According to the functional food market research, with the recent outbreak of the COVID-19, consumers are now actively searching for several products that contain extra nutritional values to boost their immune system. In addition to this, the significant shift in the consumer's preference towards a healthy lifestyle in these testing times to reduce the spread of the coronavirus, particularly in 2020. The mixture of all these factors is fuelling the growth of functional food products during the forecast period. On the other hand, the factors hampering the growth of the global functional foods market include various food safety regulations and the lack of health advantages of the functional foods in comparison to the claimed amount of benefits by the sellers.

Key Players of the Global Functional Food Market:

·        Standard Functional Foods Group Inc.

·        Arla Foods

·        Amway

·        Coca-Cola Co.

·        Cargill, Incorporated

·        BASF

·        General Mills Inc.

·        KFSU

·        Nutri-Nation

·        GFR Pharma

Functional Food Market Segmentation:

Segmentation by Ingredient:

·        Carotenoids

·        Dietary Fibers

·        Fatty Acids

·        Minerals

·        Prebiotics & Probiotics

·        Vitamins

·        Others

Segmentation by Product:

·        Bakery & Cereals

·        Dairy Products

·        Meat, Fish & Eggs

·        Soy Products

·        Fats & Oils

·        Others

Segmentation by Application:

·        Sports Nutrition

·        Weight Management

·        Immunity

·        Digestive Health

·        Clinical Nutrition

·        Cardio Health

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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