Unilever Is One Of The Largest Players In The Functional Food Market, According To The Business Research Company’s Functional Food Market Global Report 2020-30: Covid 19 Growth And Change
(Companies Covered: Unilever, BNL Food Group, Dean Foods, The Coca-Cola Company, Arla Foods, Abbott Laboratories, PepsiCo Inc., Kraft Foods Inc., Nestl)
The global functional food market is expected decline from $174.6 billion in 2019 and to $169.5 billion in 2020 at a compound annual growth rate of -2.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $209.9 billion in 2023 at compound annual growth rate of 7.4%.
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The functional food market consists of sales of functional food and related services. Functional food is highly nutritious and is associated with many health benefits. The benefits include prevention against nutrition deficiencies, protection against diseases, improved cholesterol levels, lower blood pressure, and promote proper growth & development.
Global Functional Food Market Segmentation –
1) By Product Type: Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, Fats & Oils, Others.
2) By Ingredients: Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins, Others.
3) By Application: Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health, Others.
Global Functional Food Market Driver –
The increasing number of diseases is shifting consumer`s focus on healthy eating, which in turn, is projected to boost the demand for functional foods. Functional food provides the human body with healthy nutrition, vitamins & minerals, and reduce the risk of diseases.
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Few Points From The Global Functional Food Market TOC
1. Executive Summary
2. Functional Food Market Characteristics
3. Functional Food Market Size And Growth
3.1. Global Functional Food Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
4. Functional Food Market Segmentation
4.1. Global Functional Food Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Functional Food Market Regional And Country Analysis
5.1. Global Functional Food Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6. Asia-Pacific Functional Food Market
6.1. Asia-Pacific Functional Food Market Overview
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