The global functional foods and beverages market size is projected to reach USD 412.22 million by 2026, exhibiting a CAGR of 8.49% during the forecast period. Increasing malnutrition worldwide will be the primary growth driver for this market in the near future, shares Fortune Business Insights™ in its new report, titled “Functional Foods and Beverages Market Size, Share & Industry Analysis, By Type (Cereals & Grains, Fats & Oils, Dairy Products, Bakery Products, and Other Functional/Fortified Foods) Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others), and Regional Forecasts, 2019 – 2026”.
According to the World Health Organization (WHO), close to 462 million people are underweight and 52 million children under the age of 5 are suffering from wasting. Moreover, roughly 45% of deaths among children below 5 years of age occur due to under-nutrition. As a result, governments have spurred into action in both developed and developing countries. For instance, in 2019, the UK government made it mandatory to fortify flour with folic acid to prevent occurrence of congenital disabilities in children. Similarly, in July 2019, the Indian government announced distribution of rice fortified with folic acid, Vitamin B12, and iron through the Public Distribution System (PDS). The market for functional foods and beverages, thus, stands to gain from these developments.
The functional food and beverages market report states that the value of this market stood at USD 216.25 million in 2018. Other than this, the report contains the following:
- Detailed segmentation of the market and piece-meal study of the each segment;
- Exhaustive research into the various market drivers and restraints;
- Comprehensive analysis of the regional developments and competitive milieu of the market; and
- Panoramic understanding of the industry outlook and trends shaping the market.
Competitive Landscape
Development of Exciting Products to Stimulate Intense Competition
One of the leading functional food and beverages market trends is the increasing focus of key players on the developing and launching new and exciting products in the market. Not only do these frequent launches help companies solidify their position in the market, but they also periodically realign the overall dynamics of market competition.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Market Driver
High Nutritional Value of Functional Foods to Spike Uptake
The popularity of fortified food and beverages has been steadily climbing in recent years, mainly due to the hectic and unhealthy lifestyles people are leading in urban areas. As a result, there is a growing demand for nutrition-rich food and beverage items fueled by rising health and wellness concerns. Functional foods have emerged as an attractive option for many consumers, given their wide-ranging and long-term benefits.
For example, functional foods and beverages fortified with omega-3 fatty acids can boost brain function, secure heart health, and reduce inflammation. The benefits of functional foods are not limited to just chronic and lifestyle-based disorders; they have proven efficacy in tackling the effects of under-nourishment too. For example, the National Institutes of Health reported that the introduction of wheat flour fortified with iron in Jordan led to 50% reduction in the incidence of iron deficiency anemia among children.
Regional Analysis
Evolving Lifestyles in Asia-Pacific to Aid the Region Register Impressive CAGR
Asia-Pacific is slated to dominate the functional food and beverages market share and grow at a CAGR of 9.20% during the forecast period. The central reason for this rise is the rapidly changing lifestyles of people that are increasing the prevalence of chronic conditions in the region. An example of this is the increasing consumption of fast or “junk” food. Thus, there is a surging demand for nutritional foods as people are getting more health conscious, especially in India. In addition to foodstuffs, there is also a high demand for functional hydration, particularly in tropical countries where water loss from the body is high. After Asia-Pacific, North America is expected to be the second-largest region for this market, anticipated to register a CAGR of 7.06% in the forthcoming years.
Industry Developments:
- December 2019: GCI Nutrients, the US-based nutraceuticals leader, launched a new functional food and beverage technical advisory service. The aim behind setting up this division is to offer sound advice to customers who want to use the company’s branded ingredients to create their own functional food and beverage items.
- October 2019: The American functional beverage pioneer Drink Nutrient introduced a new drink line, with each individual pack delivering the 13 essential vitamins, thereby enhancing the nutrition quotient of one’s drink. The offering does not contain GMOs, acrylamide, gluten, or any artificial ingredients.
Gain More Insights into the Functional Foods and Beverages Market Research Report
https://www.fortunebusinessinsights.com/functional-foods-market-102269
The global fluid power equipment market is projected to grow at a CAGR of 6.05 % during the forecast period.
As per the fluid power equipment market research report, the global market for fluid power equipment is projected to grow swiftly by US$28.6 billion by 2024.
According to analysts, the growing demand from the food & beverage industry as well as the rising demand for construction equipment will drive the market growth during the forecast period.
The fluid power equipment market research report offers a comprehensive analysis of the global fluid power equipment market and its application, component, and type segments.
The fluid power equipment market research report by expert analysts is developed to assist organizations in the fluid power equipment market.Get Free Sample PDF @ https://www.marketresearchfuture.com/sample_request/7935Market SegmentationThe global fluid power equipment market has been segmented based on application, component, and type.
On the basis of application, the market for fluid power equipment is segmented based on automotive, food processing, oil & gas, packaging, semiconductor, construction, and others.
San Francisco, 20 May 2020 — “Skin Care Products Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2025” Global Skin Care Products Market size is expected to reach USD 177.15 billion by 2024.
Skin care products, as the name suggests, prevents early aging, pimples & black patches, and enhances beauty.
The growing demand for natural skin care products, coupled with the increasing emphasis on personal health, is the main factor driving the growth of the market in the years to come.
Governments’ stringent regulations promoting the use of organic materials in the skin care industry are expected to boost the market growth in the next couple of years.
The “face cream” segment held largest market share in 2015 and is expected to grow at a high CAGR in the upcoming period.
The other factors that play an important role in the growth of skin care products market include increasing urbanization & industrialization, changing lifestyle in developing countries, rising awareness about advantages of advanced skin care products, and high investments in emerging countries.
The Data Center Interconnect Market is projected to grow at a CAGR of 5% during the forecast period.
As per the Data Center Interconnect Market research report, the global market for interactive whiteboard is projected to grow swiftly by US$5 billion by 2023.
The Data Center Interconnect Market research report by expert analysts is developed to assist organizations in the Data Center Interconnect Market.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4144 Competitive Outlook:The key players in the global data center interconnect market include- Huawei Technologies Co., Ltd. (China), Ciena Corporation (US), ADVA Optical Networking SE (Germany), Nokia Corporation (Finland), Juniper Networks, Inc. (US), Cisco Systems, Inc. (US), Extreme Networks, Inc. (US), Fujitsu Ltd. (Japan), and Infinera Corporation (US).
On the basis of end-user, the market for interactive whiteboard is segmented based on electromagnetic, laser scanner, resistive membrane, ultrasonic, and infrared.
On the basis of types, the market for interactive whiteboard is segmented based on EM Boards, IR Boards, and interactive ceramic board.Major elements such as low awareness among corporates in certain countries could obstruct the interactive whiteboard market growth.
A new market study, titled “Global Automotive Cyber Security Market Size, Status and Forecast 2023” has been featured on Market Research Future.
The global market is slated to cross USD 32 million after achieving a CAGR of 9% during the forecast period of 2018 to 2023.
However, these technologies are expensive and high-end cars are mostly equipped with such technologies, which show the market’s growth capacity is pretty limited.
These three segments would provide data, gleaned by experts, to help in developing tactical mechanisms that can inspire trends and affect the market outcome.
Competitive Landscape:Harman International Industries, Inc. (U.S.), Argus Cyber Security (Israel), Intel Corporation (U.S.), Cisco Systems Inc. (U.S.), Karamba Security (Israel), Intel Corporation (U.S.), NNG Software Developing And Commercial Llc.
(Hungary), Escrypt Embedded Systems (Germany), NXP Semiconductors N.V. (Netherlands), Secunet AG (Germany), and others influence the global market for automotive cyber security.
The latest market intelligence study on the SOLAR VEHICLE market applies the best of both primary and secondary research techniques to bring to light the growth rate of the Solar Vehicle Market for the forecast period, 2020 – 2027.
Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future.
Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situationIn addition, initiatives focused on shifting away from non-renewable and more eco-friendly energy resources is another key factor driving market growth.
Browse Detailed Research report @: https://www.emergenresearch.com/industry-report/solar-vehicle-marketThose are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans.
The comprehensive study covers hard to find facts about the market landscape as well as its growth prospects in the years to come.The report is updated with the COVID-19 crisis and its subsequent impact on the economic scenario.
The crisis has resulted in a drastic change in the economic landscape on a global level.
OverviewThe global bulk bags market is projected to grow at a CAGR of 6.80% during the forecast period.
As per the bulk bags market research report, the global market for bulk bags is projected to grow swiftly by US$4956.7 million by 2023.
The bulk bags market research report offers a comprehensive analysis of the global bulk bags market and its fabric type, design, capacity, and end-users segments.
The global market for bulk bags is also covered based on design segment which is further split into baffles, circular/tabular, cross corners, four side panels, u-panel bags, others.
The APAC regional market is also having extensive growth owing to up-and-coming economies as they are getting more drawn in industrial upliftment.Competitive AnalysisThe recalibration of the supply chain is estimated to be another area for market expansion in the upcoming period.
The planning and forecasting for human capital in the market is estimated to be a crucial area for focus in the years ahead.
