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Functional Food Market2023: Industry Growth, Dynamic Research Analysis, Trend and Forecast To 2029

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The Global Functional Food Market was estimated at USD 196.98 Billion in 2021, and is projected to reach USD 282.01 Billion by 2028, growing at a CAGR of 5.26% over the analysis period.

 

Functional foods are type of foods that offer health benefits and additional nutritional value to the human body. The foods fortified with fiber, probiotics, prebiotics, vitamins and minerals, as well as fruits, whole grains, fermented foods, seeds, nuts, and vegetables are some of the nutrient-rich functional foods. The modified functional foods such as yogurt, milk, rice, coconut, almond and cashew milk, eggs, granola, pasta and others are some of the healthy alternatives providing nutritional benefits. Functional foods are high in demand as they prevent nutrition deficiencies, cell damages, and chronic diseases, and they boost the growth and development in infants and children.

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Functional Food research contains in-depth details on variables influencing demand, growth, opportunities, challenges, and restrictions. It provides in-depth information on the structure and outlook for both global and regional industries. The report also includes data on RD, the introduction of new products, and product reactions from the local and global markets by leading players

The Major Players in The Functional Food Market Include:

  • Merit Functional Foods(Winnipeg)
  • Danone SA (France)
  • Del Monte Pacific Limited (DMPL) (Singapore)
  • Dr Pepper Snapple Group, Inc. (USA)
  • General Mills, Inc. (USA)
  • Glanbia Nutritionals Limited (UK)
  • MaxiNutrition (UK)
  • GNC Holdings, Inc. (USA)
  • Hangzhou Wahaha Group Co., Ltd. (China)
  • Herbalife International, Inc. (USA)
  • Kellogg Company (USA)
  • Meiji Holdings Co., Ltd. (Japan)
  • Natural Products, Inc. (USA)
  • Nestle Nutrition (Switzerland), and other major players.

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Market has segmented the global Functional Food Market on the basis of type, application, and region:

By Ingredient

  • Probiotics
  • Carotenoids
  • Minerals
  • Proteins Amino Acids
  • Vitamins
  • Others

By Product    

  • Bakery
  • Cereals
  • Dairy Products
  • Meat
  • Fish
  • Others

By Application          

  • Sports Nutrition
  • Weight Management
  • Clinical Nutrition
  • Cardio Health

 By Region    

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

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Covid-19 Impact and Recovery Analysis on Industry:

The COVID-19 pandemic had a strong impact on numerous food industries. However, due to the sudden emergence of virus, the population all around the world began to opt for healthy and safe food products. This led to an increase in sales of the functional food.

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Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

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