Market Overview:
The global functional food market reached a value of US$ 194.54 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 287.72 Billion by 2027, exhibiting a CAGR of 6.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Functional food refers to a variety of processed food products that offer medical and health benefits and minimize the risk of different diseases. It comprises fruits, vegetables, nuts, seeds, legumes, whole grains, seafood, fermented foods, herbs and spices, and beverages. It is rich in vitamins, minerals, antioxidants, and heart-healthy fats and helps prevent cell damage and chronic conditions, such as heart disease, cancer, and diabetes. It also aids in curing various digestive disorders, including diverticulitis, stomach ulcers, hemorrhoids, and acid reflux.
Functional Food Market Trends:
At present, there is a rise in the commercialization of sports nutrients for athletes to enhance their performance in the competition. This, along with the availability of a wide product range, such as creatine and whey protein-based functional food, represents one of the key factors driving the market. Moreover, there is an increase in the demand for functional food to reduce the risk of diabetes, and cardiovascular diseases among consumers. This, coupled with the rising awareness among individuals about healthy eating habits, is propelling the growth of the market. In addition, the growing trend of on-the-go snacking among children and adults is positively influencing the market. Besides this, key market players are focusing on unique promotional strategies through social media platforms, which is catalyzing the demand for nutritional food. Furthermore, the escalating demand for probiotic food products among individuals to enhance their digestive health is bolstering the growth of the market. Besides this, the development of novel technologies, such as encapsulation, enzyme, vacuum impregnation, and edible coating for the formulation of functional food products is projected to strengthen the market growth in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global functional food market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, ingredient, distribution channel and application.
Breakup by Product Type:
- Bakery Products
- Breakfast Cereals
- Snack/Functional Bars
- Dairy Products
- Baby Food
- Others
Breakup by Ingredient:
- Probiotics
- Minerals
- Proteins and Amino Acids
- Prebiotics and Dietary Fiber
- Vitamins
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialist Retailers
- Convenience Stores
- Online Stores
- Others
Breakup by Application:
- Sports Nutrition
- Weight Management
- Clinical Nutrition
- Cardio Health
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Amway, BASF SE, Cargill Incorporated, Clif Bar & Company, Danone S.A., General Mills inc., Glanbia PLC, Hearthside Food Solutions LLC, Kellogg Company, Kerry Group plc, Nestlé S.A. and Raisio Oyj.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Product Type, Ingredient, Distribution Channel, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Abbott Laboratories, Amway, BASF SE, Cargill Incorporated, Clif Bar & Company, Danone S.A., General Mills inc., Glanbia PLC, Hearthside Food Solutions LLC, Kellogg Company, Kerry Group plc, Nestlé S.A. and Raisio Oyj. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global functional food market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global functional food market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the ingredient?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global functional food market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Functional Food Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Bakery Products
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Breakfast Cereals
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Snack/Functional Bars
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Dairy Products
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Baby Food
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Ingredient
7.1 Probiotics
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Minerals
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Proteins and Amino Acids
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Prebiotics and Dietary Fiber
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Vitamins
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Specialist Retailers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Convenience Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online Stores
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Application
9.1 Sports Nutrition
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Weight Management
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Clinical Nutrition
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Cardio Health
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Abbott Laboratories
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Amway
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 SWOT Analysis
15.3.3 BASF SE
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Cargill Incorporated
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 SWOT Analysis
15.3.5 Clif Bar & Company
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Danone S.A.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 General Mills inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Glanbia PLC
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Hearthside Food Solutions LLC
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Kellogg Company
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Kerry Group plc
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Nestlé S.A.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
15.3.13 Raisio Oyj
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
List of Figures
Figure 1: Global: Functional Food Market: Major Drivers and Challenges
Figure 2: Global: Functional Food Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Functional Food Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Functional Food Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Functional Food Market: Breakup by Ingredient (in %), 2021
Figure 6: Global: Functional Food Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Functional Food Market: Breakup by Application (in %), 2021
Figure 8: Global: Functional Food Market: Breakup by Region (in %), 2021
Figure 9: Global: Functional Food (Bakery Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Functional Food (Bakery Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Functional Food (Breakfast Cereals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Functional Food (Breakfast Cereals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Functional Food (Snack/Functional Bars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Functional Food (Snack/Functional Bars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Functional Food (Dairy Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Functional Food (Dairy Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Functional Food (Baby Food) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Functional Food (Baby Food) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Functional Food (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Functional Food (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Functional Food (Probiotics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Functional Food (Probiotics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Functional Food (Minerals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Functional Food (Minerals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Functional Food (Proteins and Amino Acids) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Functional Food (Proteins and Amino Acids) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Functional Food (Prebiotics and Dietary Fiber) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Functional Food (Prebiotics and Dietary Fiber) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Functional Food (Vitamins) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Functional Food (Vitamins) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Functional Food (Other Ingredients) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Functional Food (Other Ingredients) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Functional Food (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Functional Food (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Functional Food (Specialist Retailers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Functional Food (Specialist Retailers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Functional Food (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Functional Food (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Functional Food (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Functional Food (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Functional Food (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Functional Food (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Functional Food (Sports Nutrition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Functional Food (Sports Nutrition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: Functional Food (Weight Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: Functional Food (Weight Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Global: Functional Food (Clinical Nutrition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Global: Functional Food (Clinical Nutrition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Global: Functional Food (Cardio Health) Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Global: Functional Food (Cardio Health) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Global: Functional Food (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Global: Functional Food (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: North America: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: North America: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United States: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United States: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Canada: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Canada: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Asia-Pacific: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Asia-Pacific: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: China: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: China: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Japan: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Japan: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: India: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: India: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: South Korea: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: South Korea: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Australia: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Australia: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Indonesia: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Indonesia: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Europe: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Europe: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Germany: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Germany: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: France: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: France: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: United Kingdom: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: United Kingdom: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Italy: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Italy: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Spain: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Spain: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Russia: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Russia: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Others: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Others: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Latin America: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Latin America: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Brazil: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 94: Brazil: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 95: Mexico: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 96: Mexico: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 97: Others: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 98: Others: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 99: Middle East and Africa: Functional Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 100: Middle East and Africa: Functional Food Market: Breakup by Country (in %), 2021
Figure 101: Middle East and Africa: Functional Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 102: Global: Functional Food Industry: SWOT Analysis
Figure 103: Global: Functional Food Industry: Value Chain Analysis
Figure 104: Global: Functional Food Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Functional Food Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Functional Food Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Functional Food Market Forecast: Breakup by Ingredient (in Million US$), 2022-2027
Table 4: Global: Functional Food Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Functional Food Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Functional Food Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Functional Food Market: Competitive Structure
Table 8: Global: Functional Food Market: Key Players