The global functional foods market is expected to reach USD
255.10 billion by 2024, according to a new report by Grand View Research, Inc.
Growing geriatric population, healthcare costs, consumers ‘consciousness
towards their well-being, and changing lifestyle is expected to drive the functional
foods market growth over the forecast period. These foods have the ability to
combat various diseases progression and provide promising health benefits to
individuals.
Fish oils which contain long-chain omega-3 fatty acids are
categorized as a functional food that helps in reduction of cardiovascular
diseases and lowers the total cholesterol level. Yogurt, which has
lactobacillus bacteria, contributes to improving the quality of intestinal
microflora.
However, the functional food is mostly attributed to possess
“credence attributes” that is the product attributes cannot be claimed directly
by the consumers. Such a factor is expected to critically affect the global
industry over the forecast period.
Labeling on a product might claim that it constitutes extra
dosage of calcium, which helps in preventing osteoporosis disease. However,
consumers are unable to evaluate such claims as the nutrients cannot be smelled
or tasted and do not have any proper shape. Consumers need to wait for a
particular period to validate the credence claims.
Nevertheless, researchers have been trying to combine
functional food and molecular nutrition into one which is anticipated to
challenge the traditional diet paradigm. The benefits claimed for functional
foods by manufacturers slowly arrive on the plates of the consumers. Speeding
the health benefit arrival require more innovative approaches and also funding
to expand the knowledge base associated with molecular nutrition.
Browse full research report on Global Functional Foods Market: http://www.grandviewresearch.com/industry-analysis/functional-food-market
Further key findings from the report suggest:
- Epidemiological
studies have demonstrated that higher the consumption of whole grains,
fruits, and vegetables, there is a wider chance of lowering some chronic
diseases.
- Soy
product is expected to witness the highest growth of 9.2% over the next
eight years. Soybean contains isoflavones and lignans, which is attributed
to providing high protein content, thus attracting large consumer group
for its usage in health diets.
- These
foods also contribute significantly to improving the digestive tract of
human beings. Digestive health end-use segment is presumed to exhibit a
CAGR of 8.6% over the forecast period. Various plants, spices, and herbs
help to promote digestion activities among humans.
- Asia
Pacific accounted for over 40% of the global market in 2015 and is
expected to maintain its lead position over the forecast period.
Increasing urbanization and rising geriatric population in countries such
as India and China is supposed to aid the regional growth.
- The
industry is fragmented in nature with the presence of both local and
international participants. Companies include BASF SE, Cargill Inc,
Nutri-Nation, Coco-Cola Co., GFR Pharma and General Mills Inc.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the functional foods
market on the basis of product, application, end-use and region:
Global Functional Foods Product Outlook (Revenue, USD
Billion, 2014 - 2024)
- Carotenoids
- Dietary
fibre
- Fatty
acids
- Minerals
- Prebiotics
& probiotic
- Vitamins
- Others
Global Functional Foods Application Outlook (Revenue, USD
Billion, 2014 - 2024)
- Bakery
& Cereals
- Dairy
products
- Meat,
fish & eggs
- Soy
products
- Fats
& oils
- Others
Global Functional Foods End-Use Outlook (Revenue, USD
Billion, 2014 - 2024)
- Sports
Nutrition
- Weight
Management
- Immunity
- Digestive
Health
- Clinical
Nutrition
- Cardio
Health
- Others
Global Functional Foods Regional Outlook (Revenue, USD
Billion, 2014 - 2024)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- EU28
- Russia
- Asia
Pacific
- China
- India
- Japan
- Philippines
- Indonesia
- Malaysia
- Australia
- Central
& South America
- Brazil
- Middle
East & Africa
- South
Africa
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-functional-foods-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com