Functional Food and Nutraceuticals Market: Europe to witness demand for nutraceutics by 2020
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.
The nutraceutics are the healthy food products and supplements consumed for supplying body with vital ingredients for good health. There is high demand for nutraceutical products and nutraceutical supplements in food industries owing to the rising awareness of nutra rich foods among the population. There is high scope of growth for Functional Food and Nutraceuticals Market in various regions across the globe during 2015-2020.
Scope and Regional Forecast of the Functional Food and Nutraceuticals Market:
According to the IndustryARC market research studies on the Functional Food and Nutraceuticals Market, nutraceutical food for adults and children for growth and development are the major factors boosting the demand and production by the nutraceutical companies during 2015-2020.
North America is the leading region in the Functional Food and Nutraceuticals Market with high investment by companies as well as high sales scope by the consumers in this region. It is closely followed by Europe for healthy food supplements as per the IndustryARC analysis on this market for the forecast period 2015-2020.
Asia Pacific is the high potential region for the growth and expansion of the Functional Food and Nutraceuticals Market. The high population, rise in food and beverages industries and growing consumption of nutritional foods are the factors driving these products during 2015-2020.
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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
The key players in the Functional Food and Nutraceuticals Market according to the IndustryARC research report are as follows:
- Nestle S.A. (Switzerland)
- Pepsi Co (U.S.)
- Coca Cola Co. (U.S.)
- Danone (France)
- Unilever N.V. (U.K.)
The Functional Food and Nutraceuticals Market is a rapidly developing market with growing consumption of nutraceuticals and functional foods as a function diet by the population in various regions across the globe. This market is poised to witness high growth owing to the production and development of nutraceuticals products list by Nutraceutical Corporation, increasing sales of nutraceutical ingredients and rising consumption of functional foods and nutraceuticals for healthcare during 2015-2020.