Functional Food Market Gaining Traction from Fitness Enthusiastic Population

Posted by IndustryARC on June 5th, 2019

Due to increase in the chronic and allergic diseases along with aging population, the demand for healthy diet food is increasing, which is influencing the growth prospects of the functional food market as well as the nutraceuticals market. The benefits of functional food over common food is low cholesterol levels and promotes wellness. On the other hand, nutraceuticals are those food that contains the property of both nutrients and pharmaceuticals. Owing to the fact that functional food and nutraceuticals market is on the emerging level, the market size was 0.02 billion in 2018 and it is projected to grow with a compound annual growth rate (CAGR) of 8.73% during the forecast period 2019-2025.

The finding are from a newly compiled marketscape from IndustryARC, titled “Functional Food and Nutraceuticals Market: By Type (Foods, Beverages, and Supplements); Benefits (Health and Wellness, Disease Prevention, Fitness, Beauty); Origin & Ingredient - Forecast (2019-2025).” According to the analyst, "the integration with well-known and credible system such as educators in food sectors, authorities approving the health claims for functional food can help to accelerate the functional food and nutraceuticals market."

Global Functional Food and Nutraceuticals Market: Leading Segments

North America contributes to the highest profit in the global market. Growing urbanization, high rate of mortality due to chronic diseases and increasing awareness regarding clean eating are ballooning the functional food and nutraceuticals market. The region held the share of 31.82% in 2018 and with growing innovations market will boom over the years.

Among all the application, food application is expanding with a higher rate. Growing interest towards weight management and diseases prevention, consumption of the nutrient diet is the crucial phase which is influencing the demand for food supplements, functional food and nutraceuticals. The food application is anticipated to grow with a CAGR of 7.82% through to end period 2025.

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Global Functional Food and Nutraceuticals Market: Growth Drivers and Trends

• Nutraceuticals are highly beneficial for the infants and younger consumers to promote the correct growth and energy. The increasing concern of parents towards providing their kids required nutrient is prompting the functional food market and nutraceuticals market.
• The healthy eating supports the skin and beauty care. Rise in a number of female employment is yet other factor driving the growth prospects of the functional food and nutraceuticals market.
• The availability of ready to eat and drink functional food and drinks are accelerating the profit rate in the functional food and nutraceuticals market.
• The probiotics and omega-3 are used in fish oils to reduce the heart-related diseases. The increasing demand for fish oils is also booming the functional food and nutraceuticals market.
• The populations are more indulge into diet plans such as paleo and keto which only demand for low oil, low carb foods. The diet plan are leveraging the demand for functional food and nutraceuticals.
• Increasing demand for organic food, fortified food along with dietary supplements are driving the market.

Global Functional Food and Nutraceuticals Market: Competitive Landscape

Some of the key players bringing various product innovations in the market are The Archer Daniels Midland Company, Unilever, Royal Friesland Campania N.V, Cargill Incorporated, BASF SE and Arla Food Amba.

What can you expect from the report?

The Functional Food and Nutraceuticals Market is Prepared with the Main Agenda to Cover the following 20 points:

1. Functional Food and Nutraceuticals Market Size by Product Categories & Application

2. Functional Food and Nutraceuticals Market trends & Relevant Market Data

3. Manufacturer Landscape

4. Distributor Landscape

5. Pricing Analysis

6. Top 10 End-user Analysis

7. Product Benchmarking

8. Product Developments

9. Mergers & Acquisition Analysis

10. Patent Analysis

11. Functional Food and Nutraceuticals Market Demand Analysis (Revenue & Volume)

12. Country-level Analysis

13. Competitor Analysis

14. Functional Food and Nutraceuticals Market Shares Analysis

15. Value Chain Analysis

16. Supply Chain Analysis

17. Functional Food and Nutraceuticals Market Strategic Analysis

18. Functional Food and Nutraceuticals Market Current & Future Market Landscape Analysis

19. Opportunity Analysis

20. Functional Food and Nutraceuticals Market Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

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