According to a recently published report, the Functional Food Market is expected to grow at the CAGR of 7.1%and the revenue is estimated to grow around $2,868 million during the forecast period of 2016-2022. The segmentation of global functional food marketis based on application, type,andhealth. The report on global functional foodmarket forecast 2016-2022 (by application, type, and health) provides detailed overview and predictive analysis of the market.
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Rising global health awarenessis a major factor fueling the demand for the functional food market. People of both developed and developing nations are actively focusing on health, because lack of nutrition is becoming a major health issue among some adults and aging population. Rising work pressure and busy schedules have increased the usage of unhealthy eating habits, such as fast foods that do not meet the nutritional requirements. In order to fulfill the lack of nutrients, large number of individuals are moving towards functional foods such as supplements in the form of tablets, syrup, or powder in their everyday diet to majorly decrease the possibilities of increasing health complications.
There has been rising awareness of functional food in china due to rising disposable income of Chinese consumers and their strong desire about healthy lifestyle. It is found that approximately 45 percent of the Chinese respondents think themselves overweight, and a huge percentage of Chinese consumers are ready to pay for healthy ingredients as necessary in the foods they acquire. Chinese consumers said they are focusing for functional foods offering advantages that can either decrease their risk of disease or support good health. Approximately 3 in 10 seek foods that are high in protein, high in fiber and have pure grain or foods with ingredients that satisfy their major health needs. 47 percent are ready to give a premium for these kinds of products.
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Scope of the Report
1. Global Functional Food Market byApplication 2012-2022 ($ Million)
1.1.2. Dairy Products
1.2.1. Energy & Soft Drinks
2. Global Functional Food Market by Type 2012-2022 ($ Million)
3. Global Functional Food Market byHealth 2012-2022 ($ Million)
3.1. NUTRITION & WEIGHT MANAGEMENT
3.2. BONE HEALTH
3.3. HEART HEALTH
4. Global Functional FoodMarket Regional Outlook 2012-2022($ Million)
4.1. North America
4.3. Asia Pacific
4.4. Middle East & Africa
4.5. Latin America
5. Company Profiles
5.1. Abbott Laboratories
5.2. Archer Daniels Midland Company
5.3. Arla foods
5.4. Associated British foods plc
5.5. Basf se
5.9. Functional foods,Inc.
5.11. Ingredion, Inc.
5.13. Kerry group plc
5.14. Standard functional food groups,Inc.
5.15. Tate &Lyleplc
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