Global Functional Food Market to Reach $666.70 Billion by 2030, Growing at a 10.1% CAGR
Summary: The global functional food market, valued at USD 339.95 billion in 2023, is projected to reach USD 666.70 billion by 2030, growing at a CAGR of 10.1%. Driven by increasing health awareness and demand for nutritional food products, the market is experiencing rapid expansion. The latest report provides in-depth insights into market trends, key players, segmentation, and growth opportunities.
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Market Size: The functional food industry is expected to witness substantial growth, reaching USD 666.70 billion by 2030. Rising consumer preference for fortified food products, dietary supplements, and health-boosting ingredients is fueling market expansion. The increasing prevalence of lifestyle-related diseases and a growing emphasis on preventive healthcare are also key growth drivers.
Scope and Research Methodology: This report employs comprehensive research methodologies, including primary and secondary data collection, to analyze market trends, competitive dynamics, and emerging opportunities. It offers valuable insights into regulatory policies, technological advancements, and investment prospects within the functional food sector.
Report Coverage:
Market Overview: The functional food market is growing due to increased consumer awareness about nutrition and wellness. The demand for probiotic and prebiotic-based foods, plant-based proteins, and fortified beverages is rising globally. The industry is also benefiting from advancements in food technology and product innovation.
Market Dynamics:
Market Segmentation:
Key Players in the Functional Food Market:
Why You Should Buy This Report:
Table of Contents:
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Functional Food Market:WiseGuyReports.com adds “Global Functional Food Market Size, Status and Forecast 2020-2030” reports to its database.Executive SummaryThe global functional food market is expected decline from $174.6 billion in 2019 and to $169.5 billion in 2020 at a compound annual growth rate (CAGR) of -2.9%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and reach $209.9 billion in 2023 at CAGR of 7.4%.The functional food market consists of sales of functional food and related services.
The benefits include prevention against nutrition deficiencies, protection against diseases, improved cholesterol levels, lower blood pressure, and promote proper growth & development.Asia Pacific was the largest region in the functional foods market in 2019.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5358003-functional-food-global-market-report-2020-30-covidKey players dealing in the functional food market are increasingly focusing on new product developments and company expansion in order to meet the rising demand from the consumers.
Pack Snacks Bites are produced with fruits, nuts, and functional ingredients such as probiotic cultures, turmeric, kombucha, matcha, collagen protein, and prebiotic fiber.The functional foods market covered in this report is segmented by product type into bakery & cereals, dairy products, meat, fish & eggs, soy products, fats & oils, others.
It is also segmented by ingredients into carotenoids, dietary fibers, fatty acids, minerals, prebiotics & probiotics, vitamins, others and by application into sports nutrition, weight management, immunity, digestive health, clinical nutrition, cardio health, others.The higher price of functional food products attributing to the inclusion of healthier or natural ingredients is to limit the growth of the functional food market.
Global Functional Food market expansion is being boosted by the fast-rising demand income, decreasing industrialization, product recognition among consumers, emerging technological advancements market businesses, and structure that is secure.
Growth-drivers are anticipated to add notable growth into the market in the not-too-distant future.The global Functional Food market study will help you investigate the market share and trends according to the top industry giants and help you recognize the threats and challenges the market is expected to face.
The researchers focused on development tendencies in addition to the sector.
Product Segment Analysis: CarotenoidsDietary FibersFatty AcidsMineralsPrebiotics & ProbioticVitaminsApplication Segment Analysis: Bakery & CerealsDairy ProductsMeatFish & EggsSoy ProductsFats & OilsRegional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.Regional evaluation is yet another highly vast region of the research and analysis study of the Global Functional Food Market presented in the report.
The historical and forecast period 2021 to 2027 gives accurate and detailed country-wise quantity evaluation along with region-wise market size analysis from their worldwide marketplace.Get Your Copy at a Discounted Rate!!!
The industry report covers all crucial parameters like product creation, market plan for businesses and market and development specialist perspectives, sales creation, the research and market share.Segments Covered in Functional Food Market Report:• Functional Food Market Global Growth Opportunities• Functional Food top market players in various industry• Functional Food market size and growth opportunities’• Functional Food market forecast and DROCS• Functional Food market strategy and initiatives• Functional Food market trends and market share• Functional Food market competitive analysis and Impact of Covid-19 on the market.KEY aspects covered in the report include:1.
