Functional Food and Nutraceuticals Market Analysis and Trends

22/feb/2016 13:13:45 IndustryARc Contatta l'autore

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The recent trend of functional food includes dietary supplements containing vitamins, minerals, herbs; which are not recommended by medical practitioners.

There has never been a definite answer for what a functional food or a nutraceutical is. But depending on different people and different societies, it can be said that these foods are those which have functions beyond the ones served by conventional food types. Japan was the first country to introduce functional food concept into the world. With various forms, quantities and reasons to consume the functional foods, we can best conclude that these are the foods enhanced with bioactive ingredients and which have demonstrated physiological benefits.

Examples: Probiotic yogurt, Pea fibre-fortified breads and Pasta.

IndustryARC concluded that the global functional food market revenue for the year 2013 was around $168 billion. With an annual average growth rate of about 8.5% the global market for functional food is forecast to exceed $305.4 billion by 2020. In 2020, the U.S will still dominate functional food market globally with a CAGR of 8.7% globally.

Application Brief:

Functional foods have its presence in almost every type of food type that human beings consume right form cereals, grains, nuts, vegetables, fruits, dairy products, confectionery items and snacks to non-alcoholic beverages.

Functional food fastest growth is being recorded in energy drinks, healthy snacks and breakfast products that include cereals and grains.

The revelation of functional foods containing cancer cell destruction abilities and potential to reduce inflammation is a leading market trend which is expected to drive the global market healthily in the future.

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Market Driving Factors:

  • Increasing awareness among people to protect their health instead of investing into curing the illness.
  • Rising incomes of consumers is making it more affordable for the purchase and adoption of functional foods and nutraceuticals
  • Today’s stress-filled lifestyle demands more quantity of Functional Foods Usage 

      Geographical Analysis:

      The US and Japan are noted to be significant regions in the overall functional food industry followed by Asia Pacific and European markets.

      2013 had witnessed North America as the leading geography for the overall market. With reduction in prices and fierce competition among the manufacturers, the prominence of functional foods will rise in terms of reachability among the middle class men. This will definitely cause a growth in revenue numbers of the global market in the coming years in APAC and South American countries.

      Market Segmentation:

      IndustryARC’s market research team has segmented the Global Functional Foods and Nutraceuticals Market into 6 broad main types based on certain factors given below:

      1. By Type: Foods, Beverages and Supplements.
      2. By Benefits: Health &Wellness, Disease Prevention, Fitness and Beauty.
      3. By Origin: Animals and Plants.
      4. By Ingredient: Anti-Oxidants, Carotenoids, Fatty Acids and Others.
      5. By Consumer: Adults, Elders and Children
      6. By Geography: Americas, Europe, APAC and ROW.

      Key Market Players:

      More than 40 companies are in-depth considered in this research report. Red Bull GmbH is world leader in energy drinks having market share more than 40% while Pepsi Co. and Kellogg Co. are world leaders in Healthy Snacks. Groupe Danone and Groupe Lactilas dominate the healthy Dairy Products whereas Yakult Honsha Co. Ltd. is a market leader in Probiotic Drinks. Some other leading players of the Functional Food and Nutraceutical Market which are studied and mentioned in this report by IndustryARC are:

      • Kellogg Co.
      • Pepsi Co.
      • Unilever
      • Campbell Soup Company
      • Coca Cola Co.
      • Hershey Co.

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       About IndustryARC:

      IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

      IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. 

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