The global functional foods market is
expected to reach USD 255.10 billion by 2024, according to a new report by
Grand View Research, Inc. Growing geriatric population, healthcare costs,
consumers ‘consciousness towards their well-being, and changing lifestyle is
expected to drive the functional foods market growth over the forecast period.
These foods have the ability to combat various diseases progression and provide
promising health benefits to individuals.
Fish oils which contain long-chain omega-3
fatty acids are categorized as a functional food that helps in reduction of
cardiovascular diseases and lowers the total cholesterol level. Yogurt, which
has lactobacillus bacteria, contributes to improving the quality of intestinal
microflora.
However, the functional food is mostly
attributed to possess “credence attributes” that is the product attributes
cannot be claimed directly by the consumers. Such a factor is expected to
critically affect the global industry over the forecast period.
Labeling on a product might claim that it
constitutes extra dosage of calcium, which helps in preventing osteoporosis
disease. However, consumers are unable to evaluate such claims as the nutrients
cannot be smelled or tasted and do not have any proper shape. Consumers need to
wait for a particular period to validate the credence claims.
Nevertheless, researchers have been trying
to combine functional food and molecular nutrition into one which is
anticipated to challenge the traditional diet paradigm. The benefits claimed
for functional foods by manufacturers slowly arrive on the plates of the
consumers. Speeding the health benefit arrival require more innovative
approaches and also funding to expand the knowledge base associated with
molecular nutrition.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/functional-food-market
Further key findings from the report suggest:
·
Epidemiological studies have demonstrated that
higher the consumption of whole grains, fruits, and vegetables, there is a
wider chance of lowering some chronic diseases.
·
Soy product is expected to witness the
highest growth of 9.2% over the next eight years. Soybean contains isoflavones
and lignans, which is attributed to providing high protein content, thus
attracting large consumer group for its usage in health diets.
·
These foods also contribute significantly
to improving the digestive tract of human beings. Digestive health end-use
segment is presumed to exhibit a CAGR of 8.6% over the forecast period. Various
plants, spices, and herbs help to promote digestion activities among humans.
·
Asia Pacific accounted for over 40% of the
global market in 2015 and is expected to maintain its lead position over the
forecast period. Increasing urbanization and rising geriatric population in
countries such as India and China is supposed to aid the regional growth.
·
The industry is fragmented in nature with
the presence of both local and international participants. Companies include
BASF SE, Cargill Inc, Nutri-Nation, Coco-Cola Co., GFR Pharma and General Mills
Inc.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the
functional foods market on the basis of product, application, end-use and
region:
Global Functional Foods Product Outlook (Revenue, USD
Billion, 2014 - 2024)
·
Carotenoids
·
Dietary fibre
·
Fatty acids
·
Minerals
·
Prebiotics & probiotic
·
Vitamins
·
Others
Global Functional Foods Application Outlook (Revenue, USD
Billion, 2014 - 2024)
·
Bakery & Cereals
·
Dairy products
·
Meat, fish & eggs
·
Soy products
·
Fats & oils
·
Others
Global Functional Foods End-Use Outlook (Revenue, USD
Billion, 2014 - 2024)
·
Sports Nutrition
·
Weight Management
·
Immunity
·
Digestive Health
·
Clinical Nutrition
·
Cardio Health
·
Others
Global Functional Foods Regional Outlook (Revenue, USD
Billion, 2014 - 2024)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o EU28
o Russia
·
Asia Pacific
o China
o India
o Japan
o Philippines
o Indonesia
o Malaysia
o Australia
·
Central & South America
o Brazil
·
Middle East & Africa
o South Africa
View
Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-functional-foods-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For
More Information: www.grandviewresearch.com
