Global Functional Foods and Beverages Market 2017-2021

December 26, 2016
SKU:
IRTNTR11262
This market research study identifies General Mills, Kellogg Company, Nestlé, and PepsiCo as the leading players in the market. A comprehensive analysis of this market is also presented by the product (fruit and vegetable juices, energy drinks, pro- and prebiotic drinks, sports drink, RTD, dairy-alternatives, and functional water), distribution channel (supermarkets, independent retailers, discounters, convenience and online stores), and geography (the Americas, APAC, Europe, and MEA).

Overview of the global functional foods and beverages market

The global functional foods and beverages market is anticipated to grow at a steady rate and will post a CAGR of close to 8% during the forecast period. The health benefits associated with functional foods and beverages will drive the growth prospects for the global functional foods and beverages market until the end of 2021. The presence of ingredients such as minerals, vitamins, herbs, amino acids, antioxidants, and bacteria in foods and beverages have beneficial effects on the body. Some of these benefits are improved mental strength, enhanced immune system, improved heart rate, hydration and electrolyte replenishing benefits post exercise, improved digestive health, and better intestinal flora and gut function.

In terms of geography, the Americas accounted for the maximum market share in 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the market’s growth in the region is the growing focus on outdoor fitness and sports activities.

Competitive landscape and key vendors

The global functional foods and beverages market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors increasingly compete against each other based on factors such as price, quality, innovation, reputation, and distribution.

Key vendors in this market are -

  • General Mills
  • Kellogg Company
  • Nestlé
  • PepsiCo

Other prominent vendors in the market include Archer Daniels Midland, Campbell Soup, Del Monte Pacific, Dr. Pepper Snapple, Fonterra, GlaxoSmithKline, JDB, Kraft Heinz, Living Essentials, Otsuka Pharmaceutical, Rockstar, Suntory, TC Pharmaceutical Industries, The Hain Celestial, Unilever, Uni-President, Welch’s, and White Wave Foods.

Segmentation by product and analysis of the functional foods and beverages market

  • Functional fruit and vegetable juices
  • Energy beverages
  • Pro- and prebiotic drinks
  • Sports beverages
  • Functional Ready-To-Drink Teas
  • Dairy-alternatives beverages
  • Functional water

The energy beverages segment accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. Increasing product and ingredient innovations will drive the market segment’s growth in the coming years.

Segmentation by distribution channel and analysis of the functional foods and beverages market

  • Supermarkets
  • Independent retailers
  • Discounters
  • Convenience
  • Online stores

The hypermarkets and supermarkets segment accounts for the maximum market share and will continue to dominate the market during the forecast period. These stores are equipped with multiple options and varieties of functional foods and beverages from various brands.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global functional foods and beverages market?
  • What are the key market trends impacting the growth of the global functional foods and beverages market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global functional foods and beverages market?
  • What are the market opportunities and threats faced by the vendors in the global functional foods and beverages market?
  • What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
  • What are the key outcomes of the five forces analysis of the global functional foods and beverages market?

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