Global Functional Foods Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
27 Aug, 2021
The functional food market consists of sales of functional food and related services. Functional food is highly nutritious and is associated with many health benefits. The benefits include prevention against nutrition deficiencies, protection against diseases, improved cholesterol levels, lower blood pressure, and promote proper growth & development.
Global Functional Foods Market Size And Drivers:
The global functional foods market is expected grow from $161.99 billion in 2020 to $171.25 billion in 2021 at a compound annual growth rate (CAGR) of 5.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $228.79 billion in 2025 at a CAGR of 8%.
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Trends In The Global Functional Foods Market
Key players dealing in the functional food market are increasingly focusing on new product developments and company expansion in order to meet the rising demand from the consumers.
Global Functional Foods Market Segments:
The global functional foods market is further segmented based on product type, ingredients, application and geography.
By Product Type: Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, Fats & Oils, Others
By Ingredients: Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins, Others
By Application: Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health, Others
By Geography: The global functional foods market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Functional Foods Market At:https://www.thebusinessresearchcompany.com/report/functional-food-market-global-report-2020-30-covid-19-growth-and-change
Functional Foods Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides functional foods market overviews, analyzes and forecasts market size and growth for the global functional foods market, functional foods market share, functional foods market players, functional foods market segments and geographies, functional foods market’s leading competitors’ revenues, profiles and market shares. The functional foods market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.