Global Functional Foods Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026

MarketResearch.biz delivers in-depth insights on the global functional foods market in its upcoming report titled, “Global Functional Foods Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global functional foods market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global functional foods market report has been segmented on the basis of product, application, end user, and region.

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Functional food is a modified food that helps to improve health or well-being by providing benefits beyond the traditional nutrition, when consumed at efficient levels as part of a varied diet on a regular basis. Functional foods may include products such as cereals, breads, beverages that are fortified with vitamins, herbs, and nutraceuticals.

Increasing prevalence and incidence of chronic diseases such cancer, diabetes, obesity, and others, owing to a sedentary lifestyle and improper dietary patterns and increasing health awareness among consumers regarding health benefits of functional food are major factors driving growth of the global functional foods market. Increasing demand for functional foods in dairy segment such as yogurt, which contains probiotics to improve the immune system, margarine which helps to lower the cholesterol levels, and high demand for dietary supplements are other factors expected to contribute growth in the global functional foods market over the forecast period.

Increasing adoption of functional food in pharmaceutical industry to treat chronic diseases such as cancer, diabetes type 2, high blood pressure, coronary heart disease, and cardiovascular diseases, and its use in various weight loss programs are other important factors expected to support growth of the global functional foods market. Development of various enhanced level of functional products is another factor expected to contribute growth of this market.

However, high prices of functional foods and some reverse health effects are major factors restraining growth of the global functional foods market. Functional foods are not easily available in supermarkets and grocery store, which is another major factor expected to hamper growth of this market over the forecast period.

The market in North America is expected to dominate the global functional foods market and account for major share in terms of revenue, owing to high prevalence of chronic diseases and presence of several market players in countries in the region. The market in Asia pacific is expected to account for second-highest revenue share, owing to increasing disposable income, growing urbanization, and rising health awareness among individual in countries in the region. The market in Asia Pacific is followed by market in Europe, Latin America, and Middle East & Africa.

Global functional foods market segmentation:

Segmentation by product: 

• Carotenoids
• Dietary fibers
• Fatty acids
• Minerals
• Prebiotics & probiotic
• Vitamins

Segmentation by application:

• Bakery & cereals
• Dairy products
• Meat, fish & eggs
• Soy products
• Fats & oils

Segmentation by end user: 

• Sports nutrition
• Weight management
• Immunity
• Digestive health
• Clinical nutrition
• Cardio health

Segmentation by region: 

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa