US $ 391 billion functional foods market size by 2031 | Generate buyers’ interest in dietetic and dietetic products

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“Functional Foods Market Research Report – insightSLICE”

According to a new report on the functional foods market released by insightSLICE, increased investment by manufacturers to introduce innovative products to the market is expected to drive growth.

Global Functional Foods Market Size 2021 | The impact of Covid-19 on the global healthcare industry analysis by size, trends, growth, share, key players, merger, statistics, competitive landscape and regional forecast to 2031 is the latest study published by insightSLICE. The functional food market is expected to grow at a CAGR of 7.7% in 2021 and 2031 and reach US $ 391 billion by 2031. The functional food market has been growing steadily over the past decade. The contribution of market players in terms of innovation, turnover and geographic penetration has been remarkable.

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The addition to the application portfolio is another reason for the growth of the functional foods market. Favorable regulations from regulatory authorities add to the growth of the market. Demand in all areas of application has been dynamic from the start. This is due to the wide range of options offered by market players.

Qualitative analysis

The research report includes a separate chapter for qualitative analysis. We took a descriptive approach when writing the chapter. Both macro and micro economic factors define market share and growth. These factors have been carefully understood through secondary and primary sources. All these factors have been explained under headings, namely growth factors, growth restraining factors, market and technology trends etc. Based on contribution and growth potential, five countries were chosen for the PESTEL analysis and the same was described in the report.

Competitive intelligence

The functional foods market is highly competitive with a mix of global and regional players. Major players strive to maintain their share while regional players strive to meet domestic demand. The import-export trade is actively carried out by global players with the support of intermediaries. The report explains the composition of the functional foods market. The market share held by major global players is estimated and presented in this report. A dedicated section includes the profiles of the main players in the global market. Profiles include information relating to geographic reach, offerings, financial performance, strategic movements, etc.

The major players active in the global functional foods market include BASF SE, Cargill Inc., Coca-Cola Co., Standard Functional Food Group, Inc., General Mills, Inc., GFR Pharma et al.

Market segmentation as below:

Based on the ingredient

  • Carotenoids
  • Dietary fiber
  • Fatty acids
  • Minerals
  • Prebiotics
  • Probiotics
  • Vitamins
  • Other

Product-based

  • Bakery & Cereals
  • Dairy products
  • Me at
  • Fish roe
  • Soy products
  • Fats and oils
  • Other

App based

  • Sports nutrition
  • Weight management
  • Immunity
  • Digestive health
  • Clinical nutrition
  • Cardio-health
  • Others

(Regional production, demand and forecast by country)

The Functional Foods Market performance in five major global geographies, North America, Europe, Asia-Pacific, Middle East & Africa, and South America was independently assessed. There are specific chapters for each region and they include a cross-sectional analysis. The trends prevailing in the main countries of each region have been carefully identified and explained. The root level developments that have been captured by the author of this report have led to some insightful data.

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Market sizing and forecasting

Based on significant primary and documentary research as well as analysts understanding, the Functional Foods market revenue has been estimated. A balanced approach including bottom-up and top-down searches leads to high precision. Documentary research sources include company annual reports, white papers, organization statistics, paid databases, etc. While the primary sources are first-hand and include contributions from ecosystem participants, i.e. manufacturers, intermediaries, integrators, consultants, buyers and end users. Data validation is ensured because there is an understanding of supply and demand. The growth of the functional foods market is influenced by factors like demand in all applications, regulatory framework, geographic penetration etc.

Consequences of COVID-19

The unforeseen global crisis: COVID-19, has made it difficult for almost every industry and the functional food market is no exception. In order to obtain real-time developments of the Functional Foods market, our analysts have been in contact with active participants of the industry. The consequences of the pandemic and the temporary arrangements made by ecosystem participants to deal with the situation have been cited in this report. The estimates of industry players and our analysts related to the recovery path were highlighted.

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About Us:

insightSLICE is a market intelligence and strategy consulting company. The company provides tailor-made, ready-to-use market research. The main focus of the company is strategy consulting to provide end-to-end solutions. The creation of insightSLICE was made to support established businesses, start-ups as well as non-profit organizations in various industries including packaging, automotive, healthcare, chemicals and materials, l industrial automation, consumer goods, electronics and semiconductors, computing and telecommunications, and energy. among others.

Media contact
Company Name: overview SLICE
Contact: Alexis
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Telephone: +1 (707) 736 6633
Country: United States
Website: https://www.insightslice.com/functional-food-market

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