Functional Food & Nutraceutical Market: Industry Analysis & Opportunities IndustryARC

It is forecasted that the U.S will still dominate Functional Food Market Globally with a CAGR of 8.7% in 2020.

Persone Email, Sanjay Matthews, Players, Kraft Foods, Dean Foods
Luoghi Europa, Giappone, Shanghai, Apac, Wé, Möre
Organizzazioni Cutting Edge Technologies, Arla Foods Campbell Soup Company Cargill Inc., Hormel Foods Corporation, Few, General Mills Inc., Coca Cola Co.
Argomenti commercio, economia, impresa

23/set/2015 12:43:52 IndustryARc Contatta l'autore

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Calculated the Functional Food and Nutraceuticals Market revenue for the year 2013 which came up to around $168 Billion. With an annual average growth rate of about 8.5%, the Market for Functional Food is forecast to exceed $305.4 Billion by 2020.

Regionally, the US and Japan hold maximum significant market shares in the Functional Food Industry followed by Asia Pacific and European Markets. It is forecasted that the U.S will still dominate Functional Food Market Globally with a CAGR of 8.7% in 2020.

More than 75% of the U.S. Functional Food Market is dominated by global key players such as Coca Cola Co., Dean Foods, General Mills Inc., Kellogg Co., Kraft Foods, Nestle S.A. and Pepsi Co. Functional food fastest growth is being recorded in energy drinks, healthy snacks and breakfast products that include cereals and grains.

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Market Future:

According to IndustryARC, the demand for Functional Food and Nutraceutical Market in coming years will rise through natural and organically derived sport nutrients ingredients due to rising awareness related to ill effects of artificial ingredients in sport Nutraceuticals and stricter doping regulation in sporting events. The authenticity and efficacy of various functional ingredients used in Nutraceuticals is a major concern for consumers. However, with evolving research and companies investment in R&D to launch innovative products, exploration and usage of various Nutraceuticals ingredients will be widely followed.

Functional Foods and Nutraceuticals are widely being used by active individuals participating in sports or outdoor activities to replenish the nutrients lost during intense physical activities. n the recent part with the growing consumers for maintaining active and fit body amateur gym trainees are consuming nutritional supplements to derive maximum results from work out. Innovations in extraction sciences are facilitating extraction of concentrated ingredients such as isolate and hydrolyslates, which benefits the performance of the athlete.

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Market Segmentation:

The Functional Food and Nutraceuticals Market is segmented into 6 broad types with further sub segmentation of the same:

  1. By Type: Foods, Beverages and Supplements.
  2. By Benefits: Health &Wellness, Disease Prevention, Fitness and Beauty.
  3. By Origin: Animals and Plants.
  4. By Ingredient: Anti-Oxidants, Carotenoids, Fatty Acids and Others.
  5. By Consumer: Adults, Elders and Children
  6. By Geography: Americas, Europe, APAC and ROW. 

Key Players:

Few company acts in the Functional Foods Market:

Hershey Co.  Bought 80% stake in Shanghai Golden Monkey Group Co Ltd For $584 Million.

Hormel Foods Corporation bought Unilever’s Skippy for $700 Million.

Anheuser-Busch InBev acquired Grupo Model SAB for $20.1 Billion. Few companies studied and mentioned in this report are:

  • Arla Foods
  • Campbell Soup Company
  • Cargill Inc.
  • Coca Cola Co.
  • Dean Foods

 

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. 

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

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