Functional Foods Market Size, Share & Trends Report

Functional Foods Market Size, Share & Trends Analysis Report By Ingredient (Carotenoids, Prebiotics & Probiotics, Fatty Acids, Dietary Fibers), By Product, By Application, By Region, And Segment Forecasts, 2022 - 2030

Report ID: GVR-1-68038-195-5
Number of Pages: 100
Format: Electronic (PDF)

Historical Range: 2017 - 2020
Industry: Consumer Goods

Market Segmentation

Functional Food Ingredient Outlook (Revenue, USD Billion, 2017 - 2030)
- Carotenoids
- Dietary Fibers
- Fatty Acids
- Minerals
- Prebiotics & Probiotics
- Vitamins
- Others
Functional Food Product Outlook (Revenue, USD Billion, 2017 - 2030)
- Bakery & Cereals
- Dairy Products
- Meat, Fish & Eggs
- Soy Products
- Fats & Oils
- Others
Functional Food Application Outlook (Revenue, USD Billion, 2017 - 2030)
- Sports Nutrition
- Weight Management
- Immunity
- Digestive Health
- Clinical Nutrition
- Cardio Health
- Others
Functional Food Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
  - North America Functional Food Market, by Ingredient
    - Carotenoids
    - Dietary Fibers
    - Fatty Acids
    - Minerals
    - Prebiotics & Probiotics
    - Vitamins
    - Others
  - North America Functional Food Market, by Product
    - Bakery & Cereals
    - Dairy Products
    - Meat, Fish & Eggs
    - Soy Products
    - Fats & Oils
    - Others
  - North America Functional Food Market, by Application
    - Sports Nutrition
    - Weight Management
    - Immunity
    - Digestive Health
    - Clinical Nutrition
    - Cardio Health
    - Others
  - The U.S.
    - U.S. Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - U.S. Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - U.S. Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - Canada
    - Canada Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - Canada Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - Canada Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - Mexico
    - Mexico Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - Mexico Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - Mexico Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
- Europe
  - Europe Functional Food Market, by Ingredient
    - Carotenoids
    - Dietary Fibers
    - Fatty Acids
    - Minerals
    - Prebiotics & Probiotics
    - Vitamins
    - Others
  - Europe Functional Food Market, by Product
    - Bakery & Cereals
    - Dairy Products
    - Meat, Fish & Eggs
    - Soy Products
    - Fats & Oils
    - Others
  - Europe Functional Food Market, by Application
    - Sports Nutrition
    - Weight Management
    - Immunity
    - Digestive Health
    - Clinical Nutrition
    - Cardio Health
    - Others
  - Germany
    - Germany Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - Germany Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - Germany Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - UK
    - UK Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - UK Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - UK Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - France
    - France Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - France Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - France Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - Spain
    - Spain Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - Spain Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - Spain Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - Italy
    - Italy Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - Italy Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - Italy Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
- Asia Pacific
  - Asia Pacific Functional Food Market, by Ingredient
    - Carotenoids
    - Dietary Fibers
    - Fatty Acids
    - Minerals
    - Prebiotics & Probiotics
    - Vitamins
    - Others
  - Asia Pacific Functional Food Market, by Product
    - Bakery & Cereals
    - Dairy Products
    - Meat, Fish & Eggs
    - Soy Products
    - Fats & Oils
    - Others
  - Asia Pacific Functional Food Market, by Application
    - Sports Nutrition
    - Weight Management
    - Immunity
    - Digestive Health
    - Clinical Nutrition
    - Cardio Health
    - Others
  - China
    - China Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - China Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - China Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - Japan
    - Japan Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - Japan Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - Japan Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - India
    - India Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - India Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - India Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - Australia
    - Australia Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - Australia Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - Australia Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - South Korea
    - South Korea Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - South Korea Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - South Korea Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
- Middle East & Africa
  - Middle East & Africa Functional Food Market, by Ingredient
    - Carotenoids
    - Dietary Fibers
    - Fatty Acids
    - Minerals
    - Prebiotics & Probiotics
    - Vitamins
    - Others
  - Middle East & Africa Functional Food Market, by Product
    - Bakery & Cereals
    - Dairy Products
    - Meat, Fish & Eggs
    - Soy Products
    - Fats & Oils
    - Others
  - Middle East & Africa Functional Food Market, by Application
    - Sports Nutrition
    - Weight Management
    - Immunity
    - Digestive Health
    - Clinical Nutrition
    - Cardio Health
    - Others
  - Saudi Arabia
    - Saudi Arabia Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - Saudi Arabia Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - Saudi Arabia Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - South Africa
    - South Africa Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - South Africa Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - South Africa Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
- Central & South America
  - Central & South America Functional Food Market, by Ingredient
    - Carotenoids
    - Dietary Fibers
    - Fatty Acids
    - Minerals
    - Prebiotics & Probiotics
    - Vitamins
    - Others
  - Central & South America Functional Food Market, by Product
    - Bakery & Cereals
    - Dairy Products
    - Meat, Fish & Eggs
    - Soy Products
    - Fats & Oils
    - Others
  - Central & South America Functional Food Market, by Application
    - Sports Nutrition
    - Weight Management
    - Immunity
    - Digestive Health
    - Clinical Nutrition
    - Cardio Health
    - Others
  - Brazil
    - Brazil Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - Brazil Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - Brazil Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others
  - Argentina
    - Argentina Functional Food Market, by Ingredient
      - Carotenoids
      - Dietary Fibers
      - Fatty Acids
      - Minerals
      - Prebiotics & Probiotics
      - Vitamins
      - Others
    - Argentina Functional Food Market, by Product
      - Bakery & Cereals
      - Dairy Products
      - Meat, Fish & Eggs
      - Soy Products
      - Fats & Oils
      - Others
    - Argentina Functional Food Market, by Application
      - Sports Nutrition
      - Weight Management
      - Immunity
      - Digestive Health
      - Clinical Nutrition
      - Cardio Health
      - Others

Functional Foods Market Dynamics

Driver: Growing Shift From Pharmaceutical To Nutraceutical Products

A multitude of health advantages, including disease prevention and treatment is offered by Nutraceuticals. This sector is continually evolving and dynamic, fueled by growing consumer interest in food items that confer medicinal or health benefits. These products are utilized to slow down the aging process, enhance health, extend lifespan, ward off chronic diseases, and bolster the body's structure and function. The increasing health and wellness consciousness among consumers is amplifying their adherence to the saying “prevention is better than cure.” This has led to a surge in consumers depending on nutraceutical products like functional foods and dietary supplements to maintain good health and ward off diseases. Functional foods, available in a variety of flavors, are more palatable than medicines, a factor that is likely to propel market growth in the forecast period. Furthermore, the high price of prescription drugs and the hesitancy of insurance companies to cover drug costs aid the nutraceutical industry in cementing its market presence. The escalating costs of hospitalization are compelling consumers to opt for fortified foods to boost immunity, thereby increasing the demand for functional foods as they are free from any side effects as well as are cost-effective.

Increased Health Awareness Among Consumers

The fast-paced and demanding routines of consumers, particularly in urban regions, have resulted in unhealthy living habits, leading to a rise in chronic diseases and micronutrient deficiencies. However, the growing trend of adopting nutritious eating habits among consumers to lead a healthier lifestyle is propelling the demand for fortified food products. The increasing number of awareness campaigns by government bodies, NGOs, and companies have further heightened consumer awareness about the nutritional advantages of functional foods, which is anticipated to stimulate market growth. Evolving government regulations and stricter policies related to food fortification to safeguard consumer health and safety are further promoting the uptake of healthy products. The rising use of appealing packaging has led to increased product adoption, which has consequently escalated spending on fortified food products. Moreover, awareness campaigns via various media channels, including electronic and print, about the benefits of functional foods, such as fortified baked goods & cereals and soy-based products, are likely to further shape consumer purchasing behavior. These factors are enhancing consumers' willingness to pay a premium price for products with superior nutritional value, thereby strengthening the growth of the market.

Restraint: High Price Of Functional Food Products

Products that fall under the functional food category are considered part of the premium food segment due to their intricate and costly ingredients. These functional foods are fortified with essential nutrients like vitamins, minerals, amino acids, and fatty acids. They are available in various forms such as candies, confectioneries, baked goods, energy drinks, and milkshakes. The formulation of these products requires substantial technological expertise and a workforce with high skill levels. Before these products can be sold, manufacturers must obtain several certifications. Countries like the U.S., the U.K., and Japan have strict regulations regarding the formulations, nutritional value of the ingredients used in functional foods, and other factors, which add to the manufacturers' costs. As a result, the final functional food products are relatively expensive, which could potentially hinder market growth in the forecast period. Manufacturers of functional foods are also obligated to invest heavily in research & development annually to keep offering innovative products to consumers. Additionally, changes in formulations needed to comply with evolving regulatory policies also escalate manufacturing costs. Likewise, the extraction and manufacturing of various functional ingredients used in the final products necessitate highly sanitized and technologically sophisticated equipment & processes.

What Does This Report Include?

This section will provide insights into the contents included in this functional foods market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Functional foods market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Functional foods market quantitative analysis

Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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