The market for functional food is increasing as consumers prefer balanced diets and food that not only takes care of their appetite but also helps enhance their immunity. This, along with product innovations in terms of flavors and variant offerings, presents significant opportunities for the growth of applications in the functional food ingredients market. Factors that are further fueling consumer interest in functional foods are the rapid advances in science & technology, increase in health care costs, aging, and growth in interest in attaining wellness through diet.
Asia Pacific accounted for over 45% of the global market in 2017 and is expected to maintain its lead position over the forecast period. Increasing urbanization and rising geriatric population in countries such as India and China is supposed to aid the regional growth.
The global Functional Foods market is valued at 153600 million US$ in 2018 and will reach 260400 million US$ by the end of 2025, growing at a CAGR of 6.8% during 20192025. The objectives of this study are to define, segment, and project the size of the Functional Foods market based on company, product type, end user and key regions.
This report studies the global market size of Functional Foods in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Functional Foods in these regions.
This research report categorizes the global Functional Foods market by top players/brands, region, type and end user. This report also studies the global Functional Foods market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Sanitarium Health?Wellbeing Company
Red Bull GmbH
Ocean Spray Cranberries
Dr Pepper Snapple Group
BNL Food Group
Market size by Product
Prebiotics & Probiotic
Market size by End User
Bakery & Cereals
Meat, fish & eggs
Fats & oils
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Functional Foods market size value & volume by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Functional Foods market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
Focuses on the key global Functional Foods companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Functional Foods submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Functional Foods are as follows:
History Year: 20142018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value million US$ and volume K MT. Both topdown and bottomup approaches have been used to estimate and validate the market size of Functional Foods market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.