High demand for organic and healthy food by Functional Food and nutraceutical industry.
Functional foods are healthy foods that provide benefits beyond basic nutrition to the consumer. These foods contain naturally health enhancing substances which helps to minimize any health problems and prevent from certain chronic diseases. Functional foods also lower cholesterol level and promote wellness. There is high scope for the growth of the Functional Food and Nutraceuticals Market during 2015-2020.
Scope and Regional Forecast of the Functional Food and Nutraceuticals Market:
North America is the leading consumer of the Functional Food and Nutraceuticals Market during 2015-2020. It is closely followed by Europe. The high standards of living and the awareness of benefits of nutra foods and nutraceutical products are driving the demand in these regions.
Asia Pacific is the largest region and it has high scope of growth in the Functional Food and Nutraceuticals Market due to the availability of resources and population in this region. This market is expanding due to the emerging packaging food industry, dynamic food trends in nutraceutical companies and food industry during 2015-2020.
According to the IndustryARC research analysis studies on the Functional Food and Nutraceuticals Market, rapid growth in food science and technology, individual’s interest in wellness through diet planning, increase in healthcare costs and increase in ageing population are the driving factors of this market during 2015-2020.
Segmentation and Key Players of the Functional Food and Nutraceuticals Market:
The Functional Food and Nutraceuticals Market is segmented into various categories in the IndustryARC marketing research report by type, by benefit, by consumer and by geography.
- By type: foods (snacks & breakfast cereals, infant formula, bakery & confectionery, dairy products and others), nutraceuticals and functional beverages (energy drinks, sports drinks/performance drinks, fruit drinks and others (soy beverages, enhanced water, RTD teas))
- By benefit: weight management, beauty, immunity/ disease prevention, energy, general wellness and others
- By consumer: adults, elders and children
- By geography: North America, South America, Europe, Asia Pacific and ROW
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The key players in the Functional Food and Nutraceuticals Market according to the IndustryARC research report are as follows:
- Coca Cola Co. (U.S.)
- Danone (France)
- Unilever N.V. (U.K.)
- Nestle S.A. (Switzerland)
- Pepsi Co (U.S.)
The Functional Food and Nutraceuticals Market is a high potential market with high scope of use of functional foods and nutraceuticals products list in various types of food and beverage industries across the globe. This market is expected to witness high growth in various regions due to the increase in awareness among people about nutraceutical ingredients and nutraceutical products benefits during 2015-2020.
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