The global functional foods market is expected to grow from USD 174.24 billion in 2019 to USD 320.13 billion by 2027, at a CAGR of 7.9% during the forecast period 2020-2027.
Functional foods are basically medicinal foods which are beneficial to reduce healthcare costs, enhanced health and prevent diseases. Increased demand for food additives and nutritional meals are driving the growth of the market. It consists of minerals, vitamins, fibres and omega-3 fatty acids. To enhance the nutritional content, additives are significantly used. To improve the quality of intestinal microflora and reduce the risk of cardiovascular diseases, probiotics and omega-3 are highly used in yoghurt and fish oils. The market is driven by increased demand for functional food due to congenital heart defects, hardening of arteries, congestive heart failure and cardiovascular diseases.
This study delivers a comprehensive analysis of ingredients, products and regions. The ingredient segment includes vitamins, prebiotics & probiotics, minerals, fatty acids, dietary fibres and carotenoids. Dietary fibres segment has the highest growth in the functional foods market. It is beneficial as it controls blood sugar levels, lowers cholesterol levels and bowel health maintenance. Dietary fibre found majorly in legumes, whole grains, vegetables and fruits. It is used to relieve or prevent constipation. Also, dietary fibres have the ability to lower the risk of heart disease and diabetes along with maintenance of healthy weight. The product segment includes fats & oils, soy products, meat, fish & eggs, dairy products, bakery & cereals. Bakery and cereals segment has the highest growth in the functional foods market. A rise in the demand for cereal bars such as nutrition bars, protein bars and energy bars as well as functional snack are expected to show growth. Cereals are expected to show the highest growth due to the companies such as Kellogg which is launching new products frequently in order to capture market share.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific region has the largest share in the functional foods market. Introduction of e-commerce portals such as Made-In-China and Ali-Baba are expected to drive the growth of the market. Also, a rise in the disposable income and increased population are driving factors.
Some of the notable players in the functional foods market are Sanitarium Health & Wellbeing Company, Red Bull GmbH, PepsiCo Inc., Nestlé, Murray Goulburn, Mars Inc., Kirin Holdings, Danone, Glanbia Plc., Dr Pepper Snapple Group, The Coca-Cola Company, Arla Foods, Unilever, Royal Friesl and Campina, Raisio Group, Ocean Spray Cranberries Inc., Meiji Group, Kraft Foods Inc., Kellogg Company, GlaxoSmithKline Company, General Mills Inc., Dean Foods, BNL Food Group and Abbott Laboratories.
This study forecasts revenue growth at global, regional, and country levels from 2020 to 2027. Fior Markets has segmented the market based on below-mentioned segments:
Global Functional Foods Market Market Analysis And Forecast, By Ingredient
Global Functional Foods Market Market Analysis And Forecast, By Product
Global Functional Foods Market Market Analysis And Forecast, By Regional Analysis
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Ingredient Types
4.3.2. Market Attractiveness Analysis By Product
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Functional Foods Market Analysis and Forecast, By Ingredient Types
6.1. Segment Overview
6.2. Vitamins
6.3. Prebiotics & Probiotics
6.4. Minerals
6.5. Fatty Acids
6.6. Dietary Fibers
6.7. Carotenoids
7. Global Functional Foods Market Analysis and Forecast, By Product
7.1. Segment Overview
7.2. Fats & Oils
7.3. Soy Products
7.4. Meat
7.5. Fish & Eggs
7.6. Dairy Products
7.7. Bakery & Cereals
8. Global Functional Foods Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Functional Foods Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Functional Foods Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Sanitarium Health & Wellbeing Company
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Red Bull GmbH
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. PepsiCo Inc
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Nestle
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Murray Goulburn
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Mars Inc
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Kirin Holdings
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Danone
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Glanbia Plc
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Dr Pepper Snapple Group
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. The Coca-Cola Company
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Arla Foods
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Unilever
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Raisio Group
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Ocean Spray Cranberries Inc
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. Meiji Group
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Product Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. Kraft Foods Inc
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Product Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis
10.18. Kellogg Company
10.18.1. Business Overview
10.18.2. Company Snapshot
10.18.3. Company Market Share Analysis
10.18.4. Company Product Portfolio
10.18.5. Recent Developments
10.18.6. SWOT Analysis
10.19. GlaxoSmithKline Company
10.19.1. Business Overview
10.19.2. Company Snapshot
10.19.3. Company Market Share Analysis
10.19.4. Company Product Portfolio
10.19.5. Recent Developments
10.19.6. SWOT Analysis
10.20. General Mills Inc
10.20.1. Business Overview
10.20.2. Company Snapshot
10.20.3. Company Market Share Analysis
10.20.4. Company Product Portfolio
10.20.5. Recent Developments
10.20.6. SWOT Analysis
10.21. Dean Foods
10.21.1. Business Overview
10.21.2. Company Snapshot
10.21.3. Company Market Share Analysis
10.21.4. Company Product Portfolio
10.21.5. Recent Developments
10.21.6. SWOT Analysis
10.22. BNL Food Group
10.22.1. Business Overview
10.22.2. Company Snapshot
10.22.3. Company Market Share Analysis
10.22.4. Company Product Portfolio
10.22.5. Recent Developments
10.22.6. SWOT Analysis
10.23. Abbott Laboratories
10.23.1. Business Overview
10.23.2. Company Snapshot
10.23.3. Company Market Share Analysis
10.23.4. Company Product Portfolio
10.23.5. Recent Developments
10.23.6. SWOT Analysis
List of Table
1. Global Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion) (Kilotons)
2. Global Vitamins Market, By Region, 2017–2027(USD Billion) (Kilotons)
3. Global Prebiotics & Probiotics, By Region, 2017–2027(USD Billion) (Kilotons)
4. Global Minerals Market, By Region, 2017–2027(USD Billion) (Kilotons)
5. Global Fatty Acids Market, By Region, 2017–2027(USD Billion) (Kilotons)
6. Global Dietary Fibers Market, By Region, 2017–2027(USD Billion) (Kilotons)
7. Global Carotenoids Market, By Region, 2017–2027(USD Billion) (Kilotons)
8. Global Functional Foods Market, By Product, 2017–2027(USD Billion) (Kilotons)
9. Global Fats & Oils Functional Foods Market, By Region, 2017–2027(USD Billion) (Kilotons)
10. Global Soy Products Ingredient Market, By Region, 2017–2027(USD Billion) (Kilotons)
11. Global Meat Ingredient Market, By Region, 2017–2027(USD Billion) (Kilotons)
12. Global Fish & Eggs Ingredient Market, By Region, 2017–2027(USD Billion) (Kilotons)
13. Global Dairy Products Functional Foods Market, By Region, 2017–2027(USD Billion)(Kilotons)
14. Global Bakery & Cereals Functional Foods Market, By Region, 2017–2027(USD Billion)(Kilotons)
15. Global Functional Foods Market, By North America, 2017–2027(USD Billion)(Kilotons)
16. North America Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
17. North America Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
18. U.S. Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
19. U.S. Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
20. Canada Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
21. Canada Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
22. Mexico Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
23. Mexico Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
24. Europe Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
25. Europe Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
26. Germany Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
27. Germany Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
28. France Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
29. France Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
30. U.K. Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
31. U.K. Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
32. Italy Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
33. Italy Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
34. Spain Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
35. Spain Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
36. Asia Pacific Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
37. Asia Pacific Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
38. Japan Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
39. Japan Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
40. China Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
41. China Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
42. India Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
43. India Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
44. South America Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
45. South America Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
46. Brazil Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
47. Brazil Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
48. Middle East and Africa Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
49. Middle East and Africa Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
50. UAE Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
51. UAE Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
52. South Africa Functional Foods Market, By Ingredient Types, 2017–2027(USD Billion)(Kilotons)
53. South Africa Functional Foods Market, By Product, 2017–2027(USD Billion)(Kilotons)
List of Figures
1. Global Functional Foods Market Segmentation
2. Functional Foods Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Functional Foods Market Attractiveness Analysis By Ingredient Types
9. Global Functional Foods Market Attractiveness Analysis By Product
10. Global Functional Foods Market Attractiveness Analysis By Region
11. Global Functional Foods Market: Dynamics
12. Global Functional Foods Market Share By Ingredient Types (2019 & 2027)
13. Global Functional Foods Market Share By Product (2019 & 2027)
14. Global Functional Foods Market Share by Regions (2019 & 2027)
15. Global Functional Foods Market Share by Company (2019)
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