12 October 2018
A new report by Visiongain predicts that the world market for functional foods will reach $69.73bn in 2018. This forecast, and others appear in the Functional Foods Market Report 2018-2028: Analysing the “Superfoods” Trend and Forecasts for Functional Dairy, Bakery & Cereal, Baby Food, Fats & Oils, Meat, Fish & Eggs and Others Plus Profiles on the Leading Companies and Regional and Leading National Markets Analysis published by Visiongain, a leading business intelligence provider based in London, UK.
The global market for functional foods will reach $69.73bn in 2018. In this report, Visiongain defines functional foods as packaged products that carry specific “functional” or “health” claims. Driven by an increasing demand for fortified foods, health-conscious consumers and an increasing middle income class in many countries, the market for functional foods provides food companies with excellent growth opportunities. Currently, the functional dairy submarket represents the largest segment of the market mostly because it is easier to fortify dairy products. At the same time, other segments of the market, such as baby food, fats & oils and other functional foods will also deliver good growth rates in the next 10 years, driven by improvements in product fortification techniques, innovative ingredients and consumer demand for various groups of functional foods. In addition to the analysis of the functional foods market, this report also studies the “superfoods” trend, defining its position in the food industry, looking at a possible growth trajectory of this sector, as well as a legislative basis.
Visiongain has looked at the functional foods market and identified the main driving forces, as well as focused on barriers in the development of the industry. Also, the performance of functional foods submarkets by major food types is discussed, as well looked at from the different perspectives, such as: legal, technological and consumer.
Visiongain identified many opportunities and strengths within the current functional foods market, such as the fact that it remains open to new technological advances, new products, new flavours and textures, as well as new packaging formats that appeal to the latest consumer trends.
The 184-page report contains 217 tables, charts and graphs that add visual analysis in order to explain developing trends within the functional foods market. Visiongain provides global forecasts for the period 2018-2028 in terms of value sales (US$). In addition, 6 regional and 9 national functional foods markets are forecast and analysed by visiongain over the period 2018-2028. Submarket forecasts from 2018-2028 are divided into - Functional Dairy Submarket forecast 2018-2028, Functional Bakery & Cereal Submarket forecast 2018-2028, Functional Baby Food Submarket forecast 2018-2028, Functional Fats & Oils Submarket forecast 2018-2028, Functional Meat, Fish & Eggs Submarket forecast 2018-2028, Other Functional Foods Submarket forecast 2018-2028. The report also provides profiles of 15 companies operating within the functional foods market.
The Functional Foods Market Report 2018-2028: Analysing the “Superfoods” Trend and Forecasts for Functional Dairy, Bakery & Cereal, Baby Food, Fats & Oils, Meat, Fish & Eggs and Others Plus Profiles on the Leading Companies and Regional and Leading National Markets Analysis will be of value to current and future potential investors into the global functional foods industry, “free-from”, “superfoods” and other food processing sectors, as well as companies and research centres who wish to broaden their knowledge of the functional foods market.
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