Product Code: FOD100B
Highlights:
The global market for functional food and beverages should grow from $216.4 billion in 2022 to $324.4 billion by 2027 with a compound annual growth rate (CAGR) of 8.4% for the period of 2022-2027.
Functional food market should grow from $102.3 billion in 2022 to $150.8 billion by 2027 with a compound annual growth rate (CAGR) of 8.1% for the period of 2022-2027.
Functional beverages market should grow from $114.0 billion in 2022 to $173.7 billion by 2027 with a compound annual growth rate (CAGR) of 8.8% for the period of 2022-2027.
Report Scope:
This report studies the global market for functional food and beverages using 2020 as a base year and providing estimates for each year of the forecast period, 2022-2027, with projections for CAGR. The scope of this report is broad and covers global markets for functional food and beverages. The market is broken down by product type, source, ingredient, function, and region. Projected and forecasted market size estimates are in constant U.S. dollars that have not been adjusted for inflation.
This report provides market insights into the global functional food and beverages market, with specific focus on the U.S., Europe and India and the top ingredients in those countries. It provides an array of information, including market size, expected growth rates, market drivers, restraints and other trends and developments in the market. This market report organizes information from diverse sources into a cohesive unit that includes a comparison of premium versus mass functional products, the functional food and beverages value chain and the evolution of functional food and beverages. Regulations are also covered in the scope of this report.
This report should serve as an analytical and informational business tool with the primary purpose of examining growth in the overall functional food and beverages market, growth in the individual segments of the functional food and beverages industry, subcategories within those segments, new developments in the market, current research and future opportunities in the functional food and beverages industry.
Beyond this, each segment and subsegment of functional food and beverages is examined. Growth rates and reasons for growth in each functional food and beverage segment are provided. This report examines the following segments -
Functional food subcategories -
- Bakery and confectionery.
- Cereal and flour.
- Dairy non-drinkable.
- Frozen fruit and vegetables.
- Meat and seafood.
- Sweet and savory snacks.
- Other functional food.
Functional beverage subcategories -
- Dairy drinkable.
- Energy drinks.
- Fruit and vegetable juices.
- Prebiotic and probiotic drinks.
- Tea and coffee.
Other functional beverages: dairy drinkable, energy drinks, fruit and vegetable juices, prebiotic and probiotic drinks, tea and coffee and more.
The report also analyzes the global functional food and beverages market in terms of source, ingredient, function, and region. The sources covered are plant-based, animal-based and microbe-based. The ingredients covered are amino acids, carotenoids, dietary fibers, fatty acids, phytochemicals, vitamins and minerals and other ingredients. The functions covered are gut and digestive health, cardiac health, cognitive health, general wellness and immunity, weight management and other functions. The regional markets covered are North America, Europe, Asia Pacific, South America and the Middle East and Africa.
This report also includes a discussion of the major players in each regional market for functional food and beverages. It explains the main market drivers of the global functional food and beverages market, current trends within the industry and the regional dynamics of the functional food and beverages market. The report concludes with detailed profiles of major global vendors in the functional food and beverages industry.
Report Includes -
- 275 data tables and 30 additional tables
- An overview of the global market for functional foods and beverages within the industry
- Estimation of the market size and analyses of global market trends, with data from 2021, estimates for 2022 and projections of compound annual growth rates (CAGRs) through 2027
- Identification and analysis of the global functional foods and beverages market based on key product segments such as functional foods and functional beverages
- Estimation of the actual market size and revenue forecasts for the functional foods and beverages market, and corresponding market share analysis on the basis of product types, sources, types of ingredients, functions and key geographical regions
- Impact of the COVID-19 pandemic on the growth of functional foods and beverages market vs. the overall global economy
- Information on international regulations of functional food and beverage products such as Codex Alimentarius (Food Code) and FOSHU labelling regulation and classification of functional foods for regulatory purposes
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies and a relevant patent analysis
- Discussion on company profiles of the important players in the functional foods and beverages industry, including Chr. Hansen Inc., Hain Celestial Group, Kraft Foods, Nestle, PepsiCo Inc., and Unilever
Table of Contents
Chapter 1 Introduction
- Introduction to Functional Food and Beverages
- Study Goals and Objectives
- Reasons for Doing This Study
- Intended Audience
- What's New in This Update?
- Scope of Report
- Impact of COVID-19 on the Global Economy
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- BCC Custom Research
- Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- Introduction
- Functional Food: Hard to Define
- The Current Definition
- Functional Food in Japan
- Functional Food in Europe
- Functional Food in the United States
- Definition of Functional Food in This Report
- The Importance of the Industry
- Public Attitudes
- Research Impacts
- Backing of Large Manufacturers
- Evolution of Functional Food and Beverages
- Emerging Needs for Functional Food and Beverage Products
- Functional Food and Beverages Classification
- Functional Food and Beverage Industry Overview
- Research in the Functional Food and Beverage Industry
- Rising Doubt
- Market Strategies
- Increasing Elder Populations
- Rising Healthcare Costs
- Self-Medication
- Modern Technologies
- Fewer Contract Manufacturers
- New Product Development
- Market Entry Requirements
- Use of Modern Technologies
- The Future of the Industry
- Healthy Lifestyle
- Functional Food Research and Education Act
- Regulatory Classifications
- Leading Growth Product Prospects
Chapter 4 Value Chain and Supply Chain Analysis
- Functional Food and Beverages Value Chain
- Sales Channels
- Value-Added Services
- Functional Food and Beverage Supply Chain
- Supply Chain as Strategy
- Supply Chain Strategy
- Distribution of Functional Food and Beverages
- Examples of Functional Food Components/Ingredients
Chapter 5 Global Market for Functional Food and Beverages by Segment
- Functional Food
- Functional Beverages
- Key Market Findings
Chapter 6 Global Market for Functional Food by Type
- Bakery and Confectionery
- Cereal and Flour
- Dairy Non-drinkable
- Frozen Fruit and Vegetables
- Meat and Seafood
- Sweet and Savory Snacks
- Key Findings
- Consumer Trends
Chapter 7 Global Market for Functional Beverages by Product Type
- Dairy Drinkable
- Energy Drinks
- Fruit and Vegetable Juices
- Prebiotic and Probiotic Drinks
- Tea and Coffee
- Key Market Findings
- Consumer Trends
Chapter 8 Global Market for Functional Food and Beverages by Source
- Animal-Based
- Microbe-Based
- Lactic Acid Bacteria
- Lactobacilli
- Bifidobacteria
- Bacillus
- Plant-Based
- Key Market Findings
Chapter 9 Global Market for Functional Food and Beverages by Ingredient
- Amino Acids
- Carotenoids
- Dietary Fiber
- Fatty Acids
- Phytochemicals
- Vitamins and Minerals
- Other Ingredients
- Beta-Glucan
- Plant Sterols
- Soy Protein
- Key Market Findings
Chapter 10 Global Market for Functional Food and Beverages by Function
- Gut and Digestive Health
- Cardiac Health
- Cognitive Health
- General Wellness and Immunity
- Weight Management
- Other Functions
- Sports and Energy
- Satiety Products
- Beauty and Anti-Aging
- Key Market Findings
Chapter 11 Global Market for Functional Food and Beverages by Region
- Introduction
- Market Value
Chapter 12 North American Market for Functional Food and Beverages
- North American Market Value
- U.S.
- Canada
- Mexico
Chapter 13 European Market for Functional Food and Beverages
- Economic Trends
- European Market Value
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
Chapter 14 Asia-Pacific Market for Functional Food and Beverages
- Economic Trends
- Asia-Pacific Market Value
- China
- India
- Japan
- Rest of the Asia-Pacific Region
Chapter 15 South American Market for Functional Food and Beverages
- Economic Trends
- South American Market Value
- Brazil
- Rest of South America
Chapter 16 Middle East and African (MEA) Market for Functional Food and Beverages
- Economic Trends
- Middle East and African Market Value
- Middle East
- Africa
Chapter 17 Growth Indicators and Key Supporting Factors
- Market Drivers
- Acceptance
- Taste
- Well-Being
- Product Innovation
- Health Claims
- Key Players
- Market Restraints
- Stringent International Legislations
- Stiff Competition
- Consumer Attitudes
- Raw Ingredients
- Consumer Perception
- Market Opportunities
- Opportunities: Entering the Market
- Fewer Contract Manufacturers
- New Product Development
- Market Dynamics
- Introduction
Chapter 18 International Regulations
- Overview
- Conventional Food and Dietary Supplement Claims
- Health Claims
- Structure/Function Claims
- Nutrient Content Claims
- Permissible Health Claims
- North America
- Europe
- Asia-Pacific
- Notification and Registration-Based Systems
- Codex Alimentarius (Food Code)
- FOSHU Labeling Regulation
- Labeling and Marketing
- The Functional Food Research and Education Act
- Classifying Functional Food
- Functional Food Classified as Drugs
- Functional Food Classified as Medical Food
- Functional Food with Novel Food Ingredients
- Functional Foods Classified as Dietary Supplements
Chapter 19 Patent Review
- Trends in Patents Related to Functional Food and Beverages
Chapter 20 Competitive Landscape
- Overview
- Key Strategies
- Selecting Target Buyers of Functional Food
- Adopt Digital Marketing Strategies
- Taste and Convenience
- Greater Differentiation
- Quickly Realized Efficacy
- Company Market Shares
- Interview with an Industry Leader
Chapter 21 Company Profiles
- Introduction
- ABBOTT LABORATORIES INC.
- A.G. BARR PLC
- AMUL
- ARISTA INDUSTRIES
- ATLANTIC MULTIPOWER GERMANY GMBH AND CO. OHG
- AST SPORTS SCIENCE
- ATTUNE FOODS INC.
- BASF SE
- BIOGAIA AB INC.
- BIO-K PLUS INTERNATIONAL INC.
- BOEHRINGER INGELHEIM
- CHAMPION NUTRITION INC.
- CHOBANI LLC
- CHR. HANSEN INC.
- CLIF BAR INC.
- COCA-COLA CO.
- COUNTRY LIFE LLC
- DUPONT DE NEMOURS INC.
- DEAN FOODS CO.
- DEERLAND PROBIOTICS AND ENZYMES
- DYMATIZE ENTERPRISES INC.
- E.I. DUPONT DE NEMOURS AND CO.
- ENERVIT SPA
- GARDEN OF LIFE INC.
- GENUPORT TRADE AG
- GENERAL MILLS
- GLAXOSMITHLKINE
- GLANBIA PLC
- GROUPE DANONE S.A.
- HAIN CELESTIAL GROUP
- HAMMER NUTRITION
- HOSPIRA
- JARROW FORMULAS INC.
- JOHANNA FOODS INC.
- KARYOTICA BIOLOGICALS PVT. LTD.
- KERRY GROUP PLC
- KIRKMAN GROUP INC.
- KRAFT FOODS
- LABORATORIES EA PHARMA
- LALLEMAND INC.
- LIFEWAY FOODS INC.
- MEAD JOHNSON NUTRITIONAL GROUP
- MEGMILK SNOW BRAND CO. LTD.
- MEIJI HOLDINGS CO. LTD.
- METABOLIC NUTRITION INC.
- MORINAGA MILK INDUSTRY CO. LTD.
- NATREN INC.
- NATURAL ORGANICS INC.
- NATURE'S WAY PRODUCTS LLC
- NESTLE NUTRITION
- NORDIC NATURALS
- NUTRASCIENCE LABS
- NUTRITION AND SANTE
- OCEAN NUTRITION CANADA LTD.
- OMEGA PROTEIN CORP.
- PACIFIC HEALTH LABORATORIES
- PEPSICO INC.
- PRIMO WATER CORP.
- PROBI AB INC.
- PROACTION SRL
- PROTEXIN INC.
- REFLEX NUTRITION
- SABINSA CORP.
- SCHIFF NUTRITION INTERNATIONAL INC.
- SCIENCE IN SPORTS
- SODIAAL INC.
- SPRINGFIELD CREAMERY INC.
- STONYFIELD FARM INC.
- SUNTORY BEVERAGE AND FOOD
- UAS LABS LLC
- UNILEVER PLC
- VITACO HEALTH AUSTRALIA PTY LTD.
- VV FOOD & BEVERAGE CO. LTD.
- WALLABY YOGURT CO.
- WEIDER GERMANY GMBH
- YAKULT HONSHA CO. LTD.
- ZYMES LLC
Chapter 22 Appendix: Acronyms