Functional Foods Market Forecast to 2028

Functional Foods Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Bakery and Confectionery, Dairy and Frozen Desserts, Sweet and Savory Snacks, Breakfast Cereals, and Others), Category (Organic and Conventional), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)

Report Code : TIPRE00018000 | Region : Global | Industry : Food and Beverages | Published Date : 31/Mar/2022

The functional foods market was valued at US$ 233,620.18 million in 2021 and is projected to reach US$ 418,439.42 million by 2028. It is expected to grow at a CAGR of 8.7% from 2021 to 2028.

Functional food is a modified food that claims to benefit health. It does not cure disease, but it does help minimize the risk of fatal diseases by enhancing the body's health by giving essential minerals and proteins. Functional foods in the diet improve the physiological state of the individuals. Functional foods are enriched with functional nutrients and the product's basic nutritional content to give various health-related benefits. Amino acids, vitamins, minerals, proteins, fatty acids, and prebiotics are examples of nutrition. Because of growing consumer awareness, functional products have grown in popularity. In this day and age, when a pandemic like COVID-19 has swept the world, and everyone is concerned about increasing their immunity, functional foods are becoming quite popular, which is boosting the functional foods market growth.

Based on product type, the functional foods market is segmented into bakery and confectionery, dairy and frozen desserts, sweet and savory snacks, breakfast cereals, and others. The dairy and frozen desserts segment accounted for the largest market share in 2020. Dairy products include food made from milk such as butter, cheese, ice cream, yogurt, and condensed and dried milk. Consumers are increasingly consuming dairy products as it is important for building healthy bones and maintaining a healthy weight. Yogurt is being increasingly used as a functional food due to its high nutritional value and enormous health benefits. Different fruits such as peaches, cherries, apricots, papaya, , and blueberries are being used to make yogurt to provide different flavors and make it healthier and more nutritious.

Based on region, the functional foods market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). In 2020, Asia Pacific held the largest share of the global functional foods market, and it is projected to register the fastest growth over the forecast period. The changing lifestyle preference in Asia Pacific is having a significant impact on the functional foods market growth in Asia Pacific. People are increasingly consuming products that provide functional benefits. With the rise in health awareness among consumers, the demand for functional foods products continues to grow.

Moreover, according to the Asia Pacific Observatory on Health Systems and Policies, most countries in Asia Pacific will experience rapidly aging societies over the next few decades. The high proportion of deaths across Asia Pacific is caused by chronic noncommunicable diseases (NCDs), particularly in Southeast Asia and Western Pacific. Major NCDs include cardiovascular diseases, diabetes, cancers, and chronic respiratory diseases. The increased prevalence of chronic diseases has led to a rise in focus on personal health and wellbeing. Consumers are increasingly demanding food products that will provide certain health and nutritional benefits. This will support the change in consumers' lifestyles. The Functional Food Center of the United States (FFC) stated that functional foods have scientifically proven benefits for improving general health and minimizing the impacts of chronic diseases. These foods also contain vital nutrients that can help prevent chronic diseases. Thus, the increasing prevalence of chronic diseases is driving the demand for functional foods growth across the region.

The leading players in the functional foods market include Unilever; Clif Bar & Company; laird superfood; Abbott; Danone S.A.; General Mills, Inc.; Hildur; Nestlé; Kellogg company; and Good Source Foods, LLC.

The overall size of the global functional foods market has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the functional foods market.

The scope of our recent study, titled "Functional Foods Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Bakery and Confectionery, Dairy and Frozen Desserts, Sweet and Savory Snacks, Breakfast Cereals, and Others), Category (Organic and Conventional), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)," includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with market share analysis.

The functional foods market was valued at US$ 233,620.18 million in 2021 and is projected to reach US$ 418,439.42 million by 2028. It is expected to grow at a CAGR of 8.7% from 2021 to 2028.

Functional foods are foods that provide health benefits in addition to nutritional value. The category includes foods fortified with vitamins, minerals, probiotics, and fiber, as well as nutrient-rich ingredients, including fruits and vegetables. The surging demand for nutrient-enriched food drives the functional foods market.

Based on distribution channel, the functional foods market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held a significant share in the global functional foods market in 2020. However, the online retail segment is projected to grow at the fastest CAGR over the forecast period, owing to its convenience in terms of shopping and product delivery. Furthermore, consumers can buy desirable products remotely. During the COVID-19 pandemic, online retail channels gained popularity as they offered home delivery services. These factors are expected to boost the segment's growth during the forecast period.

Based on geography, the functional foods market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). Asia Pacific functional foods market is expected to register the fastest growth over the forecast period. The rapidly changing lifestyle of consumers and the change in eating habits have been driving the healthy snacks market in Asia-Pacific. The region is witnessing a rise in the number of single-person and dual-income-no-kids (DINK) households. Long working hours drive the consumer preference toward healthy snacking options over meals, which is fueling the demand for convenient food and on-the-go food products. According to Mr. Sagar Kurade, president of All India Food Processors' Association, fortified or functional packaged food is benefiting strongly from rising disposable income levels in India. These products are also benefiting from a strong health and wellness trend, with many people increasingly focused on obtaining optimum nutrition. Consequently, consumers are increasingly willing to pay more for fortified or functional packaged food, which is an important factor driving the functional food market across the region.

Impact of COVID-19 Pandemic on Functional Foods Market

The functional foods market witnessed mixed impacts of the COVID-19 pandemic. As people became health-conscious due to the pandemic, they preferred functional foods that help boost immunity and maintain overall health. This factor positively impacted the functional foods market growth. However, due to severe disruption of supply chains, there was a shortage of raw materials, which negatively impacted the profitability of small-scale and large-scale functional foods manufacturers. A shortfall in product supply created a demand and supply gap, which affected the growth of the functional foods market. However, the functional foods market is moving toward stability as the restrictions imposed by the governments of different nations are relaxed. Manufacturers are recovering from the losses as they are operating at full capacity. All these factors are projected to boost the functional foods market growth over the forecast period significantly. Thus, the COVID-19 pandemic significantly impacted the functional foods market in the short term; however, later, it opened lucrative growth opportunities for the market.  

1.1.1 Functional Foods Market Breakdown – by Region

The report segments the functional foods market as follows:

Based on product type, the functional foods market is segmented into bakery and confectionery, dairy and frozen desserts, sweet and savory snacks, breakfast cereals, and others. Based on category, the functional foods market is segmented into organic and conventional. In terms of distribution channel, the functional foods market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. Based on geography, the functional foods market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection

3.2.2 Primary Interviews

3.2.3 Hypothesis Formulation

3.2.4 Macro-economic Factor Analysis

3.2.5 Developing Base Number

3.2.6 Data Triangulation

3.2.7 Country-Level Data

4. Global Functional Foods Market Landscape

4.1 Market Overview

4.2. Porter’s Five Force Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Global Functional Foods Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surging Demand For Nutrient Enriched Food

5.1.2 Rise In Incidences Of Chronic Diseases

5.2 Market Restraints

5.2.1 Higher Prices Of Functional Foods

5.3 Market Opportunities

5.3.1 New Product Development

5.4 Future Trends

5.4.1 Rising Demand for Healthy Snacking

5.5 Impact Analysis of Drivers and Restraints

6. Functional Foods Market– Analysis

6.1 Market Overview

6.2 Functional Foods Market –Revenue and Forecast To 2028 (US$ Million)

6.3 Competitive Positioning: Key Market Players

7. Functional Foods Market Analysis – by Product Type

7.1 Overview

7.2 Functional Foods Market, by Product Type (2020 and 2028)

7.3 Bakery & Confectionery

7.3.1 Overview

7.3.2 Bakery & Confectionery: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Dairy & Frozen Desserts

7.4.1 Overview

7.4.2 Dairy & Frozen Desserts: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Sweet & Savory Snacks

7.5.1 Overview

7.5.2 Sweet & Savory Snacks: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Breakfast Cereals

7.6.1 Overview

7.6.2 Breakfast Cereals: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

8. Functional Foods Market Analysis – by Category

8.1 Overview

8.2 Functional Foods Market, by Category (2020 and 2028)

8.3 Organic

8.3.1 Overview

8.3.2 Organic: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Conventional

8.4.1 Overview

8.4.2 Conventional: Functional Foods Market – Revenue and Forecast To 2028 (US$ Million)

9. Functional Foods Market Analysis – by Distribution Channel

9.1 Overview

9.2 Functional Foods Market, by Distribution Channel (2020 and 2028)

9.3 Supermarkets and Hypermarkets

8.5.1 Overview

8.5.2 Supermarkets and Hypermarkets: Functional Foods Market – Revenue and Forecast To 2028 (US$ Million)

9.4 Convenience Stores

8.6.1 Overview

8.6.2 Convenience Stores: Functional Foods Market – Revenue and Forecast To 2028 (US$ Million)

9.5 Online Retail

8.7.1 Overview

8.7.2 Online Retail: Functional Foods Market – Revenue and Forecast To 2028 (US$ Million)

9.6 Others

8.9.1 Overview

8.9.2 Others: Functional Foods Market – Revenue and Forecast To 2028 (US$ Million)

10. Functional Foods Market – Geographic Analysis

10.1 Overview

10.2 North America: Functional Foods Market

10.2.1 North America: Functional Foods Market – Analysis and Forecast to 2028 (US$ Million)

10.2.2 North America: Functional Foods Market, by Product Type

10.2.3 North America: Functional Foods Market, by Category

10.2.4 North America: Functional Foods Market, by Distribution Channel

10.2.5 North America: Functional Foods Market, by Key Country

10.2.5.1 US: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.2.5.1.1 US: Functional Foods Market, by Product Type

10.2.5.1.2 US: Functional Foods Market, by Category

10.2.5.1.3 US: Functional Foods Market, by Distribution Channel

10.2.5.2 Canada: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.2.5.2.1 Canada: Functional Foods Market, by Product Type

10.2.5.2.2 Canada: Functional Foods Market, by Category

10.2.5.2.3 Canada: Functional Foods Market, by Distribution Channel

10.2.5.3 Mexico: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.2.5.3.1 Mexico: Functional Foods Market, by Product Type

10.2.5.3.2 Mexico: Functional Foods Market, by Category

10.2.5.3.3 Mexico: Functional Foods Market, by Distribution Channel

10.3 Europe: Functional Foods Market

10.3.1 Europe: Functional Foods Market – Analysis and Forecast to 2028 (US$ Million)

10.3.2 Europe: Functional Foods Market, by Product Type

10.3.3 Europe: Functional Foods Market, by Category

10.3.4 Europe: Functional Foods Market, by Distribution Channel

10.3.5 Europe: Functional Foods Market, by Key Country

10.3.5.1 Germany: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.3.5.1.1 Germany: Functional Foods Market, by Product Type

10.3.5.1.2 Germany: Functional Foods Market, by Category

10.3.5.1.3 Germany: Functional Foods Market, by Distribution Channel

10.3.5.2 France: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.3.5.2.1 France: Functional Foods Market, by Product Type

10.3.5.2.2 France: Functional Foods Market, by Category

10.3.5.2.3 France: Functional Foods Market, by Distribution Channel

10.3.5.3 Italy: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.3.5.3.1 Italy: Functional Foods Market, by Product Type

10.3.5.3.2 Italy: Functional Foods Market, by Category

10.3.5.3.3 Italy: Functional Foods Market, by Distribution Channel

10.3.5.4 U.K: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.3.5.4.1 U.K: Functional Foods Market, by Product Type

10.3.5.4.2 U.K: Functional Foods Market, by Category

10.3.5.4.3 U.K: Functional Foods Market, by Distribution Channel

10.3.5.5 Russia: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.3.5.5.1 Russia: Functional Foods Market, by Product Type

10.3.5.5.2 Russia: Functional Foods Market, by Category

10.3.5.5.3 Russia: Functional Foods Market, by Distribution Channel

10.3.5.6 Rest of Europe: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.3.5.6.1 Rest of Europe: Functional Foods Market, by Product Type

10.3.5.6.2 Rest of Europe: Functional Foods Market, by Category

10.3.5.6.3 Rest of Europe: Functional Foods Market, by Distribution Channel

10.4 Asia-Pacific: Functional Foods Market

10.4.1 Asia-Pacific: Functional Foods Market – Analysis and Forecast to 2028 (US$ Million)

10.4.2 Asia-Pacific: Functional Foods Market, by Product Type

10.4.3 Asia-Pacific: Functional Foods Market, by Category

10.4.4 Asia-Pacific: Functional Foods Market, by Distribution Channel

10.4.5 Asia-Pacific: Functional Foods Market, by Key Country

10.4.5.1 Australia: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.1.1 Australia: Functional Foods Market, by Product Type

10.4.5.1.2 Australia: Functional Foods Market, by Category

10.4.5.1.3 Australia: Functional Foods Market, by Distribution Channel

10.4.5.2 China: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.2.1 China: Functional Foods Market, by Product Type

10.4.5.2.2 China: Functional Foods Market, by Category

10.4.5.2.3 China: Functional Foods Market, by Distribution Channel

10.4.5.3 India: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.3.1 India: Functional Foods Market, by Product Type

10.4.5.3.2 India: Functional Foods Market, by Category

10.4.5.3.3 India: Functional Foods Market, by Distribution Channel

10.4.5.4 Japan: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.4.1 Japan: Functional Foods Market, by Product Type

10.4.5.4.2 Japan: Functional Foods Market, by Category

10.4.5.4.3 Japan: Functional Foods Market, by Distribution Channel

10.4.5.5 South Korea: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.5.1 South Korea: Functional Foods Market, by Product Type

10.4.5.5.2 South Korea: Functional Foods Market, by Category

10.4.5.5.3 South Korea: Functional Foods Market, by Distribution Channel

10.4.5.6 Rest of Asia-Pacific: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.4.5.6.1 Rest of Asia-Pacific: Functional Foods Market, by Product Type

10.4.5.6.2 Rest of Asia-Pacific: Functional Foods Market, by Category

10.4.5.6.3 Rest of Asia-Pacific: Functional Foods Market, by Distribution Channel

10.5 South and Central America: Functional Foods Market

10.5.1 South and Central America: Functional Foods Market – Analysis and Forecast to 2028 (US$ Million)

10.5.2 South and Central America: Functional Foods Market, by Product Type

10.5.3 South and Central America: Functional Foods Market, by Category

10.5.4 South and Central America: Functional Foods Market, by Distribution Channel

10.5.5 South and Central America: Functional Foods Market, by Key Country

10.5.5.1 Brazil: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.5.5.1.1 Brazil: Functional Foods Market, by Product Type

10.5.5.1.2 Brazil: Functional Foods Market, by Category

10.5.5.1.3 Brazil: Functional Foods Market, by Distribution Channel

10.5.5.2 Argentina: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.5.5.2.1 Argentina: Functional Foods Market, by Product Type

10.5.5.2.2 Argentina: Functional Foods Market, by Category

10.5.5.2.3 Argentina: Functional Foods Market, by Distribution Channel

10.5.5.3 Rest of South and Central America: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.5.5.3.1 Rest of South and Central America: Functional Foods Market, by Product Type

10.5.5.3.2 Rest of South and Central America: Functional Foods Market, by Category

10.5.5.3.3 Rest of South and Central America: Functional Foods Market, by Distribution Channel

10.6 Middle East and Africa: Functional Foods Market

10.6.1 Middle East and Africa: Functional Foods Market – Analysis and Forecast to 2028 (US$ Million)

10.6.2 Middle East and Africa: Functional Foods Market, by Product Type

10.6.3 Middle East and Africa: Functional Foods Market, by Category

10.6.4 Middle East and Africa: Functional Foods Market, by Distribution Channel

10.6.5 Middle East and Africa: Functional Foods Market, by Key Country

10.6.5.1 South Africa: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.6.5.1.1 South Africa: Functional Foods Market, by Product Type

10.6.5.1.2 South Africa: Functional Foods Market, by Category

10.6.5.1.3 South Africa: Functional Foods Market, by Distribution Channel

10.6.5.2 Saudi Arabia: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.6.5.2.1 Saudi Arabia: Functional Foods Market, by Product Type

10.6.5.2.2 Saudi Arabia: Functional Foods Market, by Category

10.6.5.2.3 Saudi Arabia: Functional Foods Market, by Distribution Channel

10.6.5.3 UAE: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.6.5.3.1 UAE: Functional Foods Market, by Product Type

10.6.5.3.2 UAE: Functional Foods Market, by Category

10.6.5.3.3 UAE: Functional Foods Market, by Distribution Channel

10.6.5.4 Rest of the Middle East and Africa: Functional Foods Market –Analysis and Forecast to 2028 (US$ Million)

10.6.5.4.1 Rest of the Middle East and Africa: Functional Foods Market, by Product Type

10.6.5.4.2 Rest of the Middle East and Africa: Functional Foods Market, by Category

10.6.5.4.3 Rest of the Middle East and Africa: Functional Foods Market, by Distribution Channel

11. Impact of COVID-19

11.1 Overview – Impact of COVID-19

11.2 North America: Impact Assessment of COVID-19 Pandemic

11.3 Europe: Impact Assessment of COVID-19 Pandemic

11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

11.6 South and Central America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Expansion

12.2 Product & Service Launch

12.3 Competitive Positioning: Key Market Players

13. Company Profiles

13.1 UNILEVER PLC

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 CLIF BAR AND COMPANY

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 LAIRD SUPERFOOD

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 ABBOTT LABORATORIES

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 DANONE S.A.

13.5.1 1.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 GENERAL MILLS, INC.

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 HILDUR FUNCTIONAL FOODS PVT. LTD

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 NESTLé S.A.

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 KELLOGG COMPANY

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 GOOD SOURCE FOODS, LLC

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES.

Table 1. Global Functional Foods Market –Revenue and Forecast To 2028 (US$ Million)

Table 2. North America Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 3. North America Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 4. North America Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 5. U.S. Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 6. U.S. Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 7. U.S. Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 8. Canada Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 9. Canada Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 10. Canada Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 11. Mexico Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 12. Mexico Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 13. Mexico Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 14. Europe Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 15. Europe Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 16. Europe Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 17. Germany Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 18. Germany Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 19. Germany Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 20. France Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 21. France Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 22. France Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 23. Italy Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 24. Italy Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 25. Italy Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 26. UK Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 27. UK Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 28. UK Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 29. Russia Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 30. Russia Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 31. Russia Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 32. Rest of Europe Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 33. Rest of Europe Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 34. Rest of Europe Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 35. Asia Pacific Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 36. Asia Pacific Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 37. Asia Pacific Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 38. Australia Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 39. Australia Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 40. Australia Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 41. China Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 42. China Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 43. China Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 44. India Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 45. India Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 46. India Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 47. Japan Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 48. Japan Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 49. Japan Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 50. South Korea Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 51. South Korea Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 52. South Korea Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 53. Rest of Asia Pacific Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 54. Rest of Asia Pacific Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 55. Rest of Asia Pacific Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 56. South and Central America Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 57. South and Central America Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 58. South and Central America Functional Foods Market, by Distribution Channe; – Revenue and Forecast to 2028 (USD Million)

Table 59. Brazil Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 60. Brazil Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 61. Brazil Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 62. Argentina Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 63. Argentina Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 64. Argentina Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 65. Rest of South and Central America Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 66. Rest of South and Central America Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 67. Rest of South and Central America Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 68. Middle East and Africa Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 69. Middle East and Africa Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 70. Middle East and Africa Functional Foods Market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)

Table 71. South Africa Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 72. South Africa Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 73. South Africa Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 74. Saudi Arabia Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 75. Saudi Arabia Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 76. Saudi Arabia Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 77. UAE Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 78. UAE Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 79. UAE Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 80. Rest of Middle East and Africa Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 81. Rest of Middle East and Africa Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)

Table 82. Rest of Middle East and Africa Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 83. List of Abbreviation

LIST OF FIGURES.

Figure 1. Global Functional Foods Market Segmentation

Figure 2. Global Functional Foods Market Segmentation – By Geography

Figure 4. Global Functional Foods Market Overview

Figure 5. Dairy & Frozen Dessert Segment Held Largest Share of Global Functional Foods Market

Figure 7. Asia Pacific Region Held Largest Share of Global Functional Foods Market

Figure 8. Global Functional Foods Market, Key Market Players

Figure 9. Porter's Five Forces Analysis

Figure 10. Functional Foods Market, Ecosystem

Figure 11. Expert Opinion

Figure 12. Global Functional Foods Market Impact Analysis of Drivers and Restraints

Figure 13. Geographic Overview of Global Functional Foods Market

Figure 14. Functional Foods Market – Revenue and Forecast To 2028 (US$ Million)

Figure 15. Global Functional Foods Market Revenue Share, by Product Type (2020 and 2028)

Figure 16. Bakery & Confectionery: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Dairy & Frozen Dessert: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Sweet & Savory Snacks: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Breakfast Cereals: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Others: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Functional Foods Market Revenue Share, by Category (2020 and 2028)

Figure 22. Organic: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Conventional: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Functional Foods Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 25. Supermarkets and Hypermarkets: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Convenience Stores: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Online Retail: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Others: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Global Functional Foods Market Revenue Share, by Region (2020 and 2028)

Figure 30. North America: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. North America: Functional Foods Market Revenue Share, by Product Type (2020 and 2028)

Figure 32. North America: Functional Foods Market Revenue Share, by Category (2020 and 2028)

Figure 33. North America: Functional Foods Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 34. North America: Functional Foods Market Revenue Share, by Key Country (2020 and 2028)

Figure 35. US: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 36. Canada: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 37. Mexico: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 38. Europe: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. Europe: Functional Foods Market Revenue Share, by Product Type (2020 and 2028)

Figure 40. Europe: Functional Foods Market Revenue Share, by Category (2020 and 2028)

Figure 41. Europe: Functional Foods Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 42. Europe: Functional Foods Market Revenue Share, by Key Country (2020 and 2028)

Figure 43. Germany: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 44. France: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 45. Italy: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 46. U.K: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 47. Russia: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 48. Rest of Europe: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 49. Asia-Pacific: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50. Asia-Pacific: Functional Foods Market Revenue Share, by Product Type (2020 and 2028)

Figure 51. Asia-Pacific: Functional Foods Market Revenue Share, by Category (2020 and 2028)

Figure 52. Asia-Pacific: Functional Foods Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 53. Asia-Pacific: Functional Foods Market Revenue Share, by Key Country (2020 and 2028)

Figure 54. Australia: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 55. China: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 56. India: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 57. Japan: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 58. South Korea: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 59. Rest of Asia-Pacific: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 60. South and Central America: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61. South and Central America: Functional Foods Market Revenue Share, by Product Type (2020 and 2028)

Figure 62. South and Central America: Functional Foods Market Revenue Share, by Category (2020 and 2028)

Figure 63. South and Central America: Functional Foods Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 64. South and Central America: Functional Foods Market Revenue Share, by Key Country (2020 and 2028)

Figure 65. Brazil: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 66. Argentina: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 67. Rest of South and Central America: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 68. Middle East and Africa: Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)

Figure 69. Middle East and Africa: Functional Foods Market Revenue Share, by Product Type (2020 and 2028)

Figure 70. Middle East and Africa: Functional Foods Market Revenue Share, by Category (2020 and 2028)

Figure 71. Middle East and Africa: Functional Foods Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 72. Middle East And Africa: Functional Foods Market Revenue Share, By Key Country (2020 And 2028)

Figure 73. South Africa: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 74. Saudi Arabia: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 75. UAE: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 76. Rest of the Middle East and Africa: Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)

Figure 77. Impact of COVID-19 Pandemic on Functional Foods Market in North America

Figure 78. Impact of COVID-19 Pandemic on Functional Foods Market in Europe

Figure 79. Impact of COVID-19 Pandemic on Functional Foods Market in Asia Pacific

Figure 80. Impact of COVID-19 Pandemic on Functional Foods Market in Middle East and Africa

Figure 81. Impact of COVID-19 Pandemic on Functional Foods Market in South and Central America

List of 10 Companies – Global Functional Foods Market

1. ABBOTT LABORATORIES

2. CLIF BAR AND COMPANY

3. DANONE S.A.

4. GENERAL MILLS, INC

5. GOOD SOURCE FOODS, LLC

6. HILDUR FUNCTIONAL FOODS PVT. LTD

7. KELLOGG COMPANY

8. LAIRD SUPERFOOD

9. NESTLé S.A.

10. UNILEVER PLC

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global functional foods market.

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global functional foods market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the functional foods market as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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