1. Publish Date – 10th October 2014
Functional Food and Nutraceuticals Market - By Type (Foods, Beverages, Supplements); Benefits (Health and Wellness, Disease Prevention, Fitness, Beauty); Origin & Ingredient - Forecast ( )
Publish Date – 10th October 2014
No of pages – 180
Contact:
Sanjay Matthews
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Functional Foods and Nutraceutical, though lacking a precise definition, refers to food which provides further biological process and health edges apart from typical food. The recent trend has seen an upsurge of such “Health Foods” that embrace dietary supplements containing vitamins, minerals, herbs and others.
The increasing Health Awareness and easily accessible Nutrition Deficiency merchandise have created a powerful impact for practical foodstuff on international Economy.
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Market Drivers:
The Functional Foods Market is driven by the increasing Health aware nature of folks. The trend of being preventive rather than reactive to health issues has conjointly spurred on the market and has augmented the demand of merchandise that provided further nutrition and square measure healthy.
The Functional Food has currently swollen and is gift in nearly all the categories of food consumed by humans including: cereals, nuts, vegetables, fruits, dairy merchandise, confectionery items and conjointly from snacks to non-alcoholic beverages. In today’s Nutraceutical Market it is feasible to induce a “Health Food” alternative in any of the higher than classes.
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Market Segmentation:
The Functional Food Market is metameric into six main classes, it is divided based on: sort, Benefits, Origin, Ingredients, Consumer and geographics. The different varieties of practical Food include: food, beverages and supplements. The market is driven by the benefits these practical Foods give, which are: Health and upbeat, Disease hindrance, Fitness and Beauty. All functional food is derived from 2 sources, either Plants or Animals.
The Market is also classified supported the Ingredients utilized in the synthesis, they include; Anti-oxidants, Carotenoids, Fatty Acids, Flavonoids and Minerals among others. Nutraceutical Products square measure conjointly classified supported its consumer; Adults, Children and aged. The last classification is based on geographics, the main regions are: Americas, Asia Pacific, Europe and Rest of the planet.
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The U.S. and Japan markets are vital in the practical Food business followed by Asia Pacific and European markets.
In 2020, it is predicted that the U.S will still dominate practical Food Market globally with a CAGR of eight.7%.
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Market Growth:
The Functional Food ANd Nutraceutical Market is calculable to grow at an Annual Average Growth Rate of concerning eight.5% in the forecast amount according the Market Report by IndustryARC.
The Market Size is predicted to rise from $168 Billion in 2013 to $305.4 Billion in 2020.
The highest growth within the market is being recorded in the energy drinks, healthy snacks and breakfast products sectors.
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One factor that accounts for this growth is the agitated way and ageing population. These factors are promoting the human dependency on the practical or Nutraceutical Foods for meeting Daily organic process needs. The Market is also expected to check a growth in Asia Pacific and South yank countries, specifically among the middle income population.
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Key Players:
Different sectors of the practical Food Market have completely different key players that dominate the Market.
Red Bull GmbH is world leader in Energy Drinks having Market Share of more than four-hundredth.
Pepsi Co. and Kellogg Co. are world leaders in Healthy Snacks.
Groupe Danone and Groupe Lactilas dominate the Healthy Dairy product.
Yakult Honsha Co. Ltd. is a leader in Probiotic Drinks sector.
Apart from these companies, other key players in the market are; cola Co., Dean Foods, General Mills Inc., Kraft Foods and Nestle S.A. The report on the Functional Food and Nutraceutical Market by IndustryARC provides a complete list of Key Players with their Product Portfolios, Financials and Developments.
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9. For More Details, Contact
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For More Details, Contact
Mr. Sanjay Matthews
Sales Manager
#: (Ext: 101)
Click to Enquire Before Buying
Contact; #: (Ext:101) /