Functional Food Market

Functional food is a food given an additional function (often one related to health-promotion or disease prevention) by adding new ingredients or more of existing ingredients.The term may also apply to traits purposely bred into existing edible plants, such as purple or gold potatoes having enriched anthocyanin or carotenoid contents, respectively.Functional food industry, consisting of food, beverage and supplement sectors, is one of the several areas of the food industry that is experiencing fast growth in recent years.
Functional Food Market contains market size and forecasts of Functional Food in global, including the following market information:
Global Functional Food Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Functional Food Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Functional Food companies in 2021 (%)
The global Functional Food market was valued at 146890 million in 2021 and is projected to reach US$ 197060 million by 2028, at a CAGR of 4.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Carotenoids Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Functional Food include Abbott Laboratories, Archer Daniels Midland, Arla, BASF, Danone, Dean Foods, General Mills, Kellogg and Nestle and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Functional Food manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Functional Food Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Functional Food Market Segment Percentages, by Type, 2021 (%)
Carotenoids
Dietary Fibers
Fatty Acids
Minerals
Prebiotics & Probiotic
Vitamins
Others
Global Functional Food Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Functional Food Market Segment Percentages, by Application, 2021 (%)
Bakery & Cereals
Dairy Products
Meat, Fish & Eggs
Soy Products
Fats & Oils
Others
Global Functional Food Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Functional Food Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Functional Food revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Functional Food revenues share in global market, 2021 (%)
Key companies Functional Food sales in global market, 2017-2022 (Estimated), (MT)
Key companies Functional Food sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Abbott Laboratories
Archer Daniels Midland
Arla
BASF
Danone
Dean Foods
General Mills
Kellogg
Nestle
PepsiCo