Global Functional Food Market Growth 2023-2029

Global Functional Food Market Growth 2023-2029

Functional food is a food given an additional function (often one related to health-promotion or disease prevention) by adding new ingredients or more of existing ingredients.The term may also apply to traits purposely bred into existing edible plants, such as purple or gold potatoes having enriched anthocyanin or carotenoid contents, respectively.Functional food industry, consisting of food, beverage and supplement sectors, is one of the several areas of the food industry that is experiencing fast growth in recent years.

LPI (LP Information)' newest research report, the “Functional Food Industry Forecast” looks at past sales and reviews total world Functional Food sales in 2022, providing a comprehensive analysis by region and market sector of projected Functional Food sales for 2023 through 2029. With Functional Food sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Functional Food industry.

This Insight Report provides a comprehensive analysis of the global Functional Food landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Functional Food portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Functional Food market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Functional Food and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Functional Food.

The global Functional Food market size is projected to grow from US$ 139650 million in 2022 to US$ 191920 million in 2029; it is expected to grow at a CAGR of 191920 from 2023 to 2029.

United States market for Functional Food is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Functional Food is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Functional Food is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Functional Food players cover Abbott Laboratories, Archer Daniels Midland, Arla, BASF, Danone, Dean Foods, General Mills, Kellogg and Nestle, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Functional Food market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Carotenoids
Dietary Fibers
Fatty Acids
Minerals
Prebiotics & Probiotic
Vitamins
Others

Segmentation by application
Bakery & Cereals
Dairy Products
Meat, Fish & Eggs
Soy Products
Fats & Oils
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Abbott Laboratories
Archer Daniels Midland
Arla
BASF
Danone
Dean Foods
General Mills
Kellogg
Nestle
PepsiCo

Key Questions Addressed in this Report

What is the 10-year outlook for the global Functional Food market?

What factors are driving Functional Food market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Functional Food market opportunities vary by end market size?

How does Functional Food break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.