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.
Full Research Report On Functional
Foods Market Analysis:
http://www.grandviewresearch.com/industry-analysis/functional-food-market
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.
View More Reports
Of This Category By Grand View Research At:
https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
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
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Report By Grand View Research:
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.
