A recent market intelligence report that is published by Data Insights Partner on the global Functional Food Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Functional Food Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Functional Food Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Functional Food Market is offered. In accordance with the report, the global Functional Food Market is projected to expand at a CAGR of 7.9% over the period of forecast.
Market Insight, Drivers, Restraints & Opportunity of the Market:
The growth of functional food market is on a constant rise with a high projected growth anticipated during the forecast period. Functional Food not only satisfies hunger and provides basic nutrients, but it also has added nutritional benefits to prevent diseases and increase mental and physical well-being of consumers.
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Increased demand for high nutrition and healthy food additives is one of the major growth drivers for global Functional Food market. Consumers are shifting towards healthy food consumption due to an increase in chronic diseases. Functional products like Omega 3 fatty acid and probiotics which are available to consumers through various products like yoghurt and fish oil, reduces the risk associated with cardiovascular diseases. The growing trend of consuming these products is expected to retain throughout the forecast period, thereby supporting market growth.
Even though there has been a constant growth of functional food market, economic issues have hampered the growth of this market at the same time. The high selling price of functional food and global economic downturn has led to consumers opting for cheaper products. Another factor that restricts the demand of functional food market is the food safety regulations and concerns.The associated health claims related to this products by the researchers are yet to be tested on a large scale and full scale implementation could be on a full swing during the forecast period. Due to all these factors, the growth of Functional Food market is yet to be explored on full scale level.
In 2018, Asia Pacific emerged as the biggest market owing to a rise in disposable income of consumers.
Additionally, there has been constant support and aid from government bodies in various countries in this region to promote healthy lifestyle, in order to fight issues related to malnutrition etc. As such, Asia Pacific region, led by countries like India, China & Japan is expected to experience commendable growth over the forecast period.
This market intelligence report on the global Functional Food Market encompasses market segments based on product type, distribution channel, industry and country.
In terms of product type, the global Functional Food Market is segregated into
- Vitamins & Dietary supplements
- Fortified Dairy products
- Bakery & Cereals
- Frozen & Chilled Food
- Functional Drinks such as sports & energy drinks
By ingredients, the global Functional Food Market is also classified into,
- Proteins & Amino Acids
- Dietary Fibers
- Omega 3 Fatty Acids
- Phytochemical & plant extracts
By application type, the global Functional Food Market is also classified into,
- Sports Nutrition
- Weight Management
- Digestive health
- Clinical Nutrition
- Cardio Health
By source type, the global Functional Food Market is also classified into,
By country/region, the global Functional Food Market has been divided into
- North America (the U.S., Canada, Mexico, Rest of North America),
- South America (Brazil, Mexico, Argentina and rest of South America),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and rest of Europe),
- Asia Pacific (India, Japan, China, Australia and New Zealand and rest of Asia-Pacific),
- Middle East and Africa (GCC, South Africa, Saudi Arabia and rest of Middle East & Africa).
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Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Abbott Laboratories
- Sanitarium Health & Wellbeing Company
- Arla Foods
- Royal Friesland Campina
- BNL Food Group
- Red Bull GmBH
- The Coco-Cola Company
- Dean Foods
- Raisio Group
- Dr. Pepper Snapple Group
- PepsiCo Inc
- General Mills INC
- Ocean Spray Cranberries Inc.
- Glanbia PLC
- GlaxoSmithKline Company
- Murray Goulburn
- Meiji Group
- Kellogg Company
- Mars Inc.
- Kirin Holdings
- Kraft Foods Inc.
Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Functional Food related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2017-2027. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Functional Food Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2018 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world of functional Food Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered in this report comprise names such as Abbott Laboratories, Unilever, Arla Foods, Sanitarium Health & Wellbeing company, BNL Food Group, Royal Friesland Campina, The Coca-Cola Company, Red Bull, Dean Foods, Raisio Group, Dr. Pepper Snapple Group, PepsiCo Inc., General Mills Inc., Ocean Spray Cranberries Inc., Glanbia Plc, Nestle, GlaxoSmithKline Company, Murray Goulburn, Danone, Meiji Group, Kellogg Company, Mars Inc., Kirin Holdings, Kraft Foods among others
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Functional Food Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Functional Food Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Functional Food Market
v Identification of key factors driving investment opportunities in the Functional Food Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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