Functional Foods and Beverages Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR41483
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The functional foods and beverages market has the potential to grow by USD 106.64 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.79%.

This functional foods and beverages market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (functional foods and functional beverages) and geography (APAC, North America, Europe, MEA, and South America). The functional foods and beverages market report also offers information on several market vendors, including Archer Daniels Midland Co., Campbell Soup Co., Fonterra Co operative Group Ltd., General Mills Inc., Kellogg Co., Keurig Dr Pepper Inc., Nestle SA, PepsiCo Inc., The Kraft Heinz Co., and Unilever Group among others.

What will the Functional Foods and Beverages Market Size be in 2021?

Functional-Foods-And-Beverages-Market-Market-Size-2020-2025

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Functional Foods and Beverages Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The health benefits associated with functional foods and beverages are notably driving the functional foods and beverages market growth, although factors such as product ingredient labeling may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the functional foods and beverages industry get your FREE report sample now.

  • The health benefits associated with functional foods and beverages will drive the growth of the functional foods and beverages market.
  • The presence of ingredients such as minerals, vitamins, herbs, amino acids, antioxidants, and bacteria in foods and beverages has beneficial effects on the body.
  • 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 are some of the benefits of functional foods and beverages.
  • Innovations in flavors and functional ingredients are boosting functional foods and beverages market growth.
  • Functional foods and beverages manufacturers are introducing new flavors in the market to match the changing consumer preferences.
  • Manufacturers are emphasizing balancing functional benefits and flavor.
  • Advances in technology have enabled the development of products that mask the unpleasant taste of some functional ingredients.
  • New product development, improved taste, and versatility, along with marketing and packaging support, will increase the demand for functional foods and beverages. 

This functional foods and beverages market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Functional Foods and Beverages Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Archer Daniels Midland Co.
  • Campbell Soup Co.
  • Fonterra Co operative Group Ltd.
  • General Mills Inc.
  • Kellogg Co.
  • Keurig Dr Pepper Inc.
  • Nestle SA
  • PepsiCo Inc.
  • The Kraft Heinz Co.
  • Unilever Group

 

The functional foods and beverages market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the functional foods and beverages market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Functional Foods and Beverages Market?

Functional-Foods-And-Beverages-Market-Market-Share-by-Region-2020-2025

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34% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for functional foods and beverages in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The high demand for functional and packaged foods and the increasing disposable incomes of consumers will facilitate the functional foods and beverages market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Functional Foods and Beverages Market?

Functional-Foods-And-Beverages-Market-Market-Share-by-Product-2020-2025

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The functional foods and beverages market share growth by the functional foods segment will be significant during the forecast period. The market is driven by product and ingredient innovations in the functional food segment. The increasing demand for functional foods among the aging population, health-conscious adults, and parents concerned about their children's health are factors driving the functional foods market. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the functional foods and beverages market size.

 

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What are the Key Factors Covered in this Functional Foods and Beverages Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive functional foods and beverages market growth during the next five years
  • Precise estimation of the functional foods and beverages market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the functional foods and beverages industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of functional foods and beverages market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The functional foods and beverages market growth will increase by $276.68 billion during 2019-2024.
The functional foods and beverages market is expected to grow at a CAGR of 8.99% during 2019-2024.
Technavio has segmented the functional foods and beverages market by product (Functional foods and Functional beverages) and geographic (APAC, North America, Europe, South America, and MEA).
Archer Daniels Midland Co., Campbell Soup Co., Fonterra Co operative Group Ltd., General Mills Inc., Kellogg Co., Keurig Dr Pepper Inc., Nestle SA, PepsiCo Inc., The Kraft Heinz Co., Unilever Group are a few of the key vendors in the functional foods and beverages market.
APAC will register the highest growth rate of 32.66% among the other regions. Therefore, the functional foods and beverages market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the functional foods and beverages market growth are:
  • Product innovations
The functional foods and beverages market vendors should focus on grabbing business opportunities from the functional foods segment as it accounted for the largest market share in the base year.
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