The functional food is also referred as nutraceuticals which are highly nutritious and provide a various health benefits such as protection against diseases, and promote proper growth and development. It helps to minimize the risk of deadly diseases by improving immunity. The functional foods are categorized into various product types such as Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, and Fats & Oils.
The rise in demand for nutritional and fortifying food additives is expected to boost the global functional foods market growth during this forecast timeline. Furthermore, the rise in healthcare awareness among consumers leading to an increased consumption of healthcare diets will positively influence the market growth. Also, the increase in demand for functional food from developing countries due to rise in per capita income and change in lifestyle is expected to propel the growth of the global functional foods market. Moreover, the development of different techniques to create high value natural carotenoids, and alternative sources to obtain omega-3 will support the global functional foods market growth.
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The high cost of functional food products owing to inclusion of healthcare or naturally sourced ingredients will hamper the global functional foods marker growth. Also, the rise in complexities related to the integration and adulteration of functional food products will limit the market growth.
The Global Functional Foods Market is segmented into ingredient such as Carotenoids, Prebiotics & Probiotics, Fatty Acids, and Dietary Fibers, by product such as Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, and Fats & Oils. Further, market is segmented into application such as Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, and Cardio Health.
Also, Global Functional Foods Market into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in global functional goods market growth are Unilever, Kraft Foods Inc, Raisio Group, Mars Inc, Meiji Group, Nestlé, PepsiCo Inc, Murray Goulburn, Red Bull GmbH, and Sanitarium Health & Wellbeing Company.
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