The Global Functional Food Market Report by The Business Research Company covers functional food market drivers and restraints, functional food market size, major players, and the impact of COVID-19 on the functional food market.

The functional food market consists of sales of functional food and related services. Functional food is usually nutritious and is associated with many health and lifestyle benefits. The benefits can include prevention against nutrition deficiencies, protection against diseases, improved cholesterol levels, lower blood pressure, and promotes proper growth and development.

The global functional food market reached a value of nearly $161,994.8 million in 2020, having increased at a compound annual growth rate (CAGR) of 3.2% since 2015. The market is expected to grow from $161,994.8 million in 2020 to $228,787.6 million in 2025 at a rate of 7.1%. The global functional food market is expected to reach $228,787.6 million in 2025 and $315,648.5 million in 2030.

The increase in the awareness of fitness among people and the growing number of health-conscious consumers are expected to drive the market for functional food during the forecast period. Consumers are moving towards maintaining good health through various diets including keto and vegan, and fitness training including gyms. This shift is mainly because of the rise in sedentary jobs and busy lifestyles which are the major causes of diseases such as high blood pressure and diabetes. As a result of a balanced diet, many consumers are preferring convenience food and beverages that offer umpteen nutrition profile, thereby, driving the market for functional food during the forecast period.

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Some functional food market trends include new flavors in the market to match the changing preferences of consumers. Also, manufacturers are focusing on balancing the functional benefits and flavor. With advanced technology, manufacturers have made it possible to develop products that mask the unpleasant taste of certain functional ingredients. Moreover, in the manufacturing and marketing of functional foods, the key consumer demand of convenience should not be forgotten. Due to hectic lifestyles, especially among millennials, many prefer to have ready to eat and on the go foods that also provide them with health benefits.

Global functional food market segments include:

1) By Product Type: Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, Fats & Oils, Others

2) By Application: Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health, Others

3) By Ingredient: Prebiotics & Probiotics, Vitamins, Dietary Fibers, Fatty Acids, Minerals, Carotenoids, Other Ingredients

4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Functional Food Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides functional food market overviews, analyzes and forecasts market size, share, functional food market players, functional food market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The functional food identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Functional Food Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: The Kraft Heinz Company, General Mills, Glanbia Plc., Unilever, Dean Foods, Meiji Co., Ltd, Dali Foods Group Co., Ltd., Hangzhou Wahaha Group Co., Ltd., Shenzhen Eastroc Beverage Industrial Co., Ltd., Coca-Cola Company ltd, PepsiCo, Nongfu Spring, China Haisheng Juice Holdings Co., Ltd., Beijing Huiyuan Food and Beverage Co., Ltd., Monster Beverage Corporations, Fonterra Co-operative Group, Britannia Industries Ltd, Dabur, Amul, Otsuka Holdings Co Ltd, Suntory Beverage & Food Ltd., Red Bull, Rockstar Inc, Forrento Co-operative Group, Glanbia, Plc, Royal frieslandcampina N.V, Associated British Foods, Greencore Convenience Foods, Muller UK & Ireland, Diageo plc, CP Foods, NPO Margaron LLC, Efko Group, Gallina Blanca SA, Cargill, Monin Inc, Sensient Technologies, Tate & Lyle, Kerry Group, Mars, Incorporated, Dr. Pepper Snapple Group, Mondelez International Inc, The Hain Celestial Group, Hearthside Food Solutions LLC, Croda International Plc, Danisco A/s, Dean Foods, General Mills Inc, Al Ghurair Foods, Ingredion Incorporated

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Functional Food Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Functional Food Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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