[174+ Pages Research Report] Global Functional Foods and Beverages Market to surpass USD 549.79 billion by 2030 from USD 237.23 billion in 2020 at a CAGR of 8.9 % in the coming years, i.e., 2021-30. Escalating demand for nutritional and fortifying food additives is projected to drive growth.

Product Overview

Functional food is described as food that has additional nutritional value as well as the potential to improve health. Functional food, according to physicians, is an important way to minimize disease risk and maintain optimum health. Similarly, a functional beverage is a non-alcoholic beverage flavored with vitamins, spices, minerals, amino acids, or raw fruit. Functional foods are natural and processed foods that contain nutritional elements as well as active biological compounds that, when consumed in the correct quantity and quality, result in a healthy body. Functional foods provide many health benefits for chronic disease prevention and treatment. The global functional foods market is being boosted by growing interest, rising healthcare spending, and raising public consciousness about the importance of eating a healthy diet to improve one's immune system.

Market Highlights

Global Functional Foods and Beverages market is expected to project a notable CAGR of 8.9% in 2030.

Food and beverage manufacturers are employing fortification of nutritional additives including omega-3 fatty acids, fibers, vitamins, minerals, and others in their product offerings. In addition to that, health-promoting ingredients or natural components have been discovered to have potential benefits for the human body in functional foods and beverages.

Global Functional Foods and Beverages Market: Segments

Dietary Fibers segment to grow with the highest CAGR during 2020-30

Global Functional Foods and Beverages market is segmented by ingredient into Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins, and Others. Dietary Fibers segment held the largest market share in the year 2020. Fiber intake is linked to a variety of health benefits, including bowel health maintenance, cholesterol reduction, and blood sugar regulation, to name a few. These benefits, together with the increasing functional food industry, are expected to drive the dietary fiber segment forward. Dietary fiber, which is often found in fruits, vegetables, whole grains, and legumes, is best known for its ability to prevent and alleviate constipation. Fiber-rich foods, on the other hand, will help to maintain a healthy weight and reduce risk of diabetes and heart disease.

Cardio Health segment to grow with the highest CAGR during 2020-30

Global Functional Foods and Beverages market is divided by application into Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health, and Others. Over the forecast period, the Cardio health segment is projected to expand at the fastest pace owing to the demand for functional foods in the treatment of cardiovascular disorders, congestive heart failure, arterial hardening, and congenital heart defects Digestive health is expected to develop as a result of a strong desire to preserve digestive health among women throughout their reproductive lives and men, especially after 40 years of age.

Bakery & Cereals segment to grow with the highest CAGR during 2020-30

Global Functional Foods and Beverages market is segmented by product into Bakery & Cereals, Dairy Products, Fish & Eggs, Soy Products, Fats & Oils, and Others. Bakery & Cereals segment held the largest market share in the year 2020. During the forecast period, it is predicted to be the largest and fastest-growing market. The industry is expected to benefit from new innovations in the bakery and cereals sectors. Over the forecast era, rising demand for functional snack and cereal bars such as energy bars, protein bars, and nutrition bars is expected to drive significant growth. Companies like Kellogg are introducing new product lines to grab market share, so fortified cereals are expected to rise quickly.

Market Dynamics

Drivers

Rising interest coupled with health benefits and surging demand from end-users

The global functional foods market is being boosted by growing interest, rising healthcare spending, and raising public consciousness about the importance of eating a healthy diet to improve one's immune system. People who are concerned about the specific health benefits of their foods and beverages have become interested in functional foods and beverages. Consumers are more concerned with both convenience and health; as a result, convenience and health play a significant role in consumer decision-making when purchasing food and beverages. People choosing to avoid diseases by eating nutritious and nutritional food rather than becoming ill as a result of various diseases can be a global market growth driver. In the near future, young people who place a higher value on fitness will drive market growth in a positive direction.

Positive outlook in the BRICS countries and increase in distribution network

Over the forecast period, the market is expected to be driven by a positive outlook on the food and beverage industry, especially in Brazil, Russia, India, China, and South Africa (BRICS). Domestic food and beverage consumption is projected to rise as a result of the expansion of distribution networks, new product releases, and population growth in the BRICS. Furthermore, regulatory support for facilitating Foreign Direct Investment (FDI) at the domestic level in the BRICS as a result of political change, especially in India and China, is expected to amplify development. There has been a steady increase in life expectancy in recent years, as well as a greater emphasis on efficiency. Consumers are becoming more health-conscious and are paying more attention to their lifestyles and diets, resulting in an increase in demand for functional foods around the world.

Restraint

Bitter taste associated with the market due to herbs and botanical extracts

Bitter taste associated with the market due to use of herbs and botanical extracts is expected to be a critical factor relating to the purchase decision of the consumer, which is expected to hamper the market for functional food and beverages.

Global Functional Foods and Beverages Market: Key Players

 Nestle SA

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

 Archer Daniels Midland Co.

 General Mills, Inc.

 Kellogg Co.

 Keurig Dr. Pepper Inc.

 PepsiCo Inc.

 The Kraft Heinz Co.

 Campbell Soup Co.

 Fonterra Co-operative Group Ltd.

 Other Prominent Players

Global Functional Foods and Beverages Market: Regions

Global Functional Foods and Beverages market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Functional Foods and Beverages in Asia Pacific held the largest market share in the year 2020. Due to a growing population and increasing disposable income, APAC is one of the largest markets for these items. Consumption of processed foods is rapidly increasing, and there is a growing understanding of health and fitness in emerging economies, which are major driving factors for the regional market. Growing consumer concerns about food safety are affecting consumer behavior and, as a result, driving development in the area. To combat the concerns about malnutrition and hunger, the government is required to prioritize food fortification. As a result, this factor is expected to have a major impact on business growth.

Global Functional Foods and Beverages Market is further segmented by region into:

 North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

 Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

 Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

 Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

 Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Functional Foods and Beverages Market report also contains analysis on:

Functional Foods and Beverages Market Segments:

 By Ingredient

o Carotenoids

o Dietary Fibers

o Fatty Acids

o Minerals

o Prebiotics & Probiotics

o Vitamins

o Others

 By Application

o Sports Nutrition

o Weight Management

o Immunity

o Digestive Health

o Clinical Nutrition

o Cardio Health

o Others

 By Product

o Bakery & Cereals

o Dairy Products

o Meat, Fish & Eggs

o Soy Products

o Fats & Oils

o Others

 Functional Foods and Beverages Market Dynamics

 Functional Foods and Beverages Market Size

 Supply & Demand

 Current Trends/Issues/Challenges

 Competition & Companies Involved in the Market

 Value Chain of the Market

 Market Drivers and Restraints

Functional Foods and Beverages Market Report Scope and Segmentation

Frequently Asked Questions

 How big is the Functional Foods and Beverages market

 What is the Functional Foods and Beverages market growth

 Which segment accounted for the largest Functional Foods and Beverages market share

 Who are the key players in the Functional Foods and Beverages market

 What are the factors driving the Functional Foods and Beverages market

Contents

1. Executive Summary

2. Global Functional Foods and Beverages Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Functional Foods and Beverages Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Functional Foods and Beverages Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Functional Foods and Beverages Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Ingredient: Market Share (2020-2030F)

1. Carotenoids, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Dietary Fibers, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Fatty Acids, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Minerals, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Prebiotics & Probiotics, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

6. Vitamins, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

7. Others, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By Application: Market Share (2020-2030F)

1. Sports Nutrition, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Weight Management, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Immunity, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Digestive Wealth, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Clinical Nutrition, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

6. Cardio Health, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

7. Other, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. By Product: Market Share (2020-2030F)

1. Bakery & Cereals, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Dairy Products, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Meat, Fish & Eggs, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Soy Products, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Fats & Oils, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

6. Other, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. Nestle SA

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Archer Daniels Midland Co.

3. General Mills, Inc.

4. Kellogg Co.

5. Keurig Dr Pepper Inc.

6. PepsiCo Inc.

7. The Kraft Heinz Co.

8. Campbell Soup Co.

9. Fonterra Co-operative Group Ltd.

10. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources