Global Functional Food Market by Product (Carotenoids, Dietary fibers, Fatty acids, Minerals, Prebiotics & probiotic, Vitamins and Others), by Application (Bakery & Cereals, Dairy products, Meat, fish & eggs, Soy products, Fats & oils and Others) and by End-User( Sports nutrition, Weight management, Digestive health, Clinical nutrition, Immunity, Cardio health and Others)

Global Functional Food Market by Product (Carotenoids, Dietary fibers, Fatty acids, Minerals, Prebiotics & probiotic, Vitamins and Others), by Application (Bakery & Cereals, Dairy products, Meat, fish & eggs, Soy products, Fats & oils and Others) and by End-User( Sports nutrition, Weight management, Digestive health, Clinical nutrition, Immunity, Cardio health and Others)
Functional Food Market is valued at 164.5 USD Billion in 2019 and expected to reach USD 325.7 Billion by 2026 with the CAGR of 8.94 % over the forecast period.

Scope of the report
This report analyses the global market for Functional Food. The report will enable the user to understand and gain insights into current and the forecast market situation. The market is comprehensively analyzed by geography to provide complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
Industry Overview
Functional foods are food products that influence specific physiological functions in the body, by providing benefits to health, performance and nutrition. Functional foods are marketed and consumed not only to satisfy hunger and provide the necessary human nutrients, but also to prevent nutrition-related diseases and increase the physical and mental well-being of their consumer. Functional foods have entered the global markets in the past decade and have rapidly gained market share as value added products. Growing recognition and adoption of nutraceuticals and dietary supplements has augmented the growth of functional foods market offering potential for new economic opportunities in the forecast period.

Key Players

DowDuPont ,Archer Daniels Midland Company , BASF SE, Cargill, Arla Foods ,Chr. Hansen, Koninklijke DSM N.V. GFR Pharma, KFSU, Nutri-Nation, Amway, Coca-Cola Co., General Mills Inc, Herbalife and others
Above mentioned companies are scrutinized to assess competitive landscape of global Functional Food market. Report provides company profiles of each player. Each profile include company business overview, company governance, company product portfolio, company financials, business strategies, manufacturing locations and production facilities, company sale, production capacity, recent developments and strategic collaborations and partnerships, product launch, company segments, application diversification and company strength and weakness analysis.
Review period
Historic Period: 2016 to 2019
Forecast Period: 2020 to 2026
This Functional Foods market report provides insights on new trade regulations, import export analysis, industry value chain analysis, market size, consumption, production analysis, capacity analysis, regional and segment market share, product launches, product pipeline analysis, impact of Covid-19 on supply chain, key regions, untapped markets, patent analysis, product approvals, continuous innovations and developments in the market.

Regions
• North America: U.S., Canada and Rest of North America
• Europe: UK, France, Germany, Italy, Spain and Rest of Europe
• Asia Pacific: China, Japan, India, Australia and Southeast Asia and Rest of Asia Pacific
• Latin America: Brazil, Argentina and Rest of Latin America
• Middle East and Africa: Gulf Countries, Israel, Africa and Rest of Middle East and Africa

Market Segmentation
• Product
o Carotenoids
o Dietary fibers
o Fatty acids
o Minerals
o Prebiotics & probiotic
o Vitamins
o Others
• Application
o Bakery & Cereals
o Dairy products
o Meat, fish & eggs
o Soy products
o Fats & oils
o Others
• End-User
o Sports nutrition
o Weight management
o Immunity
o Digestive health
o Clinical nutrition
o Cardio health
o Others
Regional Insights
North America dominates the global functional food market. The market in the region is driven by the growing demand for health enhancing foods. Prevalence of obesity and heart diseases have shifted consumer base towards more healthy diet foods adoption. The US market is estimated to account for the largest share in 2018. According to CDC America 6 in 10 adults in the US have a chronic disease condition. More than 30 million Americans have diabetes with 84 million US adults suffering from prediabetes, a condition in which blood sugar levels are higher than normal, but not high enough to be diagnosed as type 2 diabetes. A person suffering from prediabetes is at high risk of type 2 diabetes, stroke and cardiac disease. Europe was the second largest region. The growth was attributed to rising demand for functional foods and increasing prevalence of lifestyle related diseases. The region is led by rapidly growing countries such as Germany, U.K. and France. Asia Pacific is the fastest growing region with highest CAGR. Functional food products have been sold in Japan since 1930’s. The functional foods sector in the country is driven by major forces from public demographic health trends, strong government involvement as a response to these changes. The government has taken several initiatives into functional food research programs in response to the ageing population with its increasing health problems and the expected increases in health care costs as a result. China and India are also major market rapidly growing awareness regarding health benefits of functional foods, increasing disposable income, and expansion in manufacturing sector.
Factors Affecting the Market
The global functional foods market has experienced remarkable growth over the past years. The rapid expansion is expected to continue only at a slightly slower pace over the next five years. Growth forecast for main emerging markets as a group (US, Germany, U.K., Hungary, Mexico, Brazil, India, Japan, China, and South Korea) is similar to the global forecast. The demographic, economic, and cultural changes that have driven the development of functional food markets in developed countries are occurring also in developing countries. Small ageing populations and the continuing and increasing prevalence of chronic diseases are producing interest in the benefits of improving dietary habits. With the increasing globalization of the market place, especially in the food and pharmaceutical sectors, there has been an increase in the demand for new innovative products including in the functional foods sector. Developing countries are currently at very different stages of market maturity. In Southeast Asia, Latin America and Africa, traditional knowledge has always been appreciated with considerable knowledge of the functional, preventative or even curative properties certain foods. As a result, the idea of health promoting foods is readily acceptable and welcomed, even though the term “functional food” is unknown to consumers. A further element in the use of traditional methods, such as functional foods for health maintenance, is the high costs of pharmaceuticals.

Important Questions Answered by Global Functional Foods Market Report
• Which is the largest and fastest-growing region?
• What are the factors affecting growth of market?
• What are Key trends and opportunity areas?
• Which industry is the major consumer of market?
• What are the major strategies adopted by leading market companies?