Learn about the global functional food market through The Business Research Company, which provides information on functional food market size, functional food market drivers and restraints, functional food market players, the COVID-19 impact on the functional food market, and more.

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 functional food 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.

A growing number of health-conscious consumers, faster economic growth, growing demand for immunity boosting functional foods and beverages, an increasing number of diseases, rising population, continued technology development, and rising penetration of organized retail will drive the growth.

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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.

Global Functional Food Market Segments Include:

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

By Application – Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health, Others

By Ingredients – Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global functional food market, accounting for 47.4% of the total in 2020.

Functional food manufacturers are offering new flavours in the functional food market to match the changing preferences of consumers. Also, manufacturers are focusing on balancing the functional benefits and flavour. With advanced technology, manufacturers have made it possible to develop products that mask the unpleasant taste of certain functional ingredients.

TBRC’s functional food market report covers:

Major Market Players: Nestle S.A, Danone, PepsiCo Inc., Kelloggs, Arla Foods

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 (2016-21) and ten years forecast (2022-2026-2031)

The Functional Food Global Market Report 2021: Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides functional food market overviews, analyses and forecasts market size, share, functional food market players, functional food market segments and geographies, leading competitor revenues, profiles and market shares.

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

Here Is A List Of Similar Reports From The Business Research Company:

Organic Food Global Market Report 2021

Food Ingredients Global Market Report 2021

Specialty Foods Global Market Report 2021

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