Functional Food and Beverages Market
Functional Food and Beverages Market Size, Share & Trends Analysis Report by Functional Food (Cereal and Grains, Dairy Products, Bakery Products, Fats and Oils, and Others), by Functional Beverages (Energy Drinks, Sports Drinks, Dairy-Based Beverages, Juices, and Others), by Distribution Channel (Online and Offline), and by Application (Sports Nutrition, Weight Management, Clinical Nutrition, Cardio Health, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Functional food and beverages market is anticipated to grow at a CAGR of 9.8% during the forecast period. Functional food and beverages have a positive impact on health, beyond their basic nutritional value. The benefits associated with functional foods and beverages such as protection from disease-preventing nutrient deficiencies, and others are driving the market growth. The growing demand for nutrition-enriched foods and beverages due to hectic lifestyles is predicted to accelerate the market growth during the forecast period. Consumers are ready to consume foods containing functional ingredients to reduce certain health diseases such as diabetes, obesity, and others. For instance, in April 2022, Wellbeing Nutrition announced the launch of SLOW which cater to diverse health and wellness from fertility, weight loss, and bone health to everyday multi-vitamins & nutrition
Segmental Outlook
The global functional food and beverages market is segmented based on functional food, functional beverages, distribution channel, and application. Based on functional food, the market is sub-segmented into cereal and grains, dairy products, bakery products, fats and oils, and others. Based on the functional beverages, the market is further segmented into energy drinks, sports drinks dairy-based beverages, juices, and others. Based on the distribution channel, the market is bifurcated into online and offline. Based on the application, the market is augmented into sports nutrition, weight management, clinical nutrition, cardio health, and others. The above-mentioned segments can be customized as per the requirements. The online segment is expected to hold a considerable share in the functional food and beverages market. Due to the Covid-19 pandemic, manufacturers are more actively leveraging online platforms to enhance the shopping experience for consumers.
Among the application segment, weight management is expected to hold a prominent market share during the forecast period. Functional foods play an important role in the prevention or treatment of overweight. For weight management functional food influences the energy balance equation regulated by the control of energy intake or energy dissipated as heat. The increasing obesity across the globe pushes market players to offer innovative products to control obesity. For instance, in October 2021, koa launched new coffee, and tea products and a mobile app to measure progress. The new products targets reducing visceral fat and lowering high blood pressure and consumers could measure their progress using an app.
Regional Outlooks
The global functional food and beverages market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Europe region is expected to hold a remarkable share in the functional food and beverages market during the forecast period due to stringent regulations by regulatory bodies to assure safe and high-quality functional products to consumers.
Global Functional Food and Beverages Market Growth, by Region 2022-2028
The North American Region is Expected to Hold a Significant Share in the Global Functional Food And Beverages Market
Among all regions, the North American region is expected to hold a significant market share during the forecast period. The rising awareness of enhancing physical, mental, and overall health among the population is propelling the growth of the market over the forecast period. The growing health-consciousness among consumers is consuming nutritious and functional food and beverages. For instance, according to the government of Canada, in 2020, functional food and beverages represented the highest sales value within the health and wellness (H&W) food and beverage sector due to growing consumer interest in added benefits and different energy solutions. Furthermore, American consumers look for immunity-boosting food products to keep themselves safe and healthy during the COVID-19 pandemic.
Market Players Outlook
The major companies serving the global functional food and beverages market include Arla Foods Amba, Danone S.A., Glanbia Plc, Nestle S.A., The Kraft Heinz Co., Tyson Foods, Inc., Unilever Plc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2020, Nestle launched functional food supporting mobility during aging. Nestle launched a milk product for adults, consisting of a unique combination of ingredients supporting the three pillars of mobility: bone health, muscle strength, and joint functionality. The powdered beverage under the YIYANG Active brand has been clinically proven to enhance mobility during aging and it is the first Nestle product with functional food approval in China.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global functional food and beverages market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Functional Food and Beverages Market by Functional Food
4.1.1. Cereals & Grains
4.1.2. Dairy Products
4.1.3. Bakery Products
4.1.4. Fats & Oils
4.1.5. Other
4.2. Global Functional Food and Beverages Market by Functional Beverages
4.2.1. Energy Drinks
4.2.2. Sports Drinks
4.2.3. Dairy-Based Beverages
4.2.4. Juices
4.2.5. Others
4.3. Global Functional Food and Beverages Market by Distribution Channel
4.3.1. Online
4.3.2. Offline
4.4. Global Functional Food and Beverages Market by Application
4.4.1. Sports Nutrition
4.4.2. Weight Management
4.4.3. Clinical Nutrition
4.4.4. Cardio Health
4.4.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ACM Food Co., Ltd.
6.2. Arla Foods Amba
6.3. Celsius Holdings Inc.
6.4. Chr Hansen Holding A/S
6.5. Danone S.A.
6.6. General Mills, Inc.
6.7. Glanbia Plc
6.8. Hearthside Food Solutions LLC
6.9. Mars Inc.
6.10. Meiji Holdings Co. Ltd.
6.11. Nestle S.A.
6.12. PepsiCo Inc.
6.13. Raisio Plc
6.14. Royal FrieslandCampina N.V.
6.15. Sanitarium Health Food Co.
6.16. The Coca-Cola Co.
6.17. The Hain Celestial Group, Inc.
6.18. The Kraft Heinz Co.
6.19. Tyson Foods, Inc.
6.20. Unilever Plc
1. GLOBAL FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY FUNCTIONAL FOOD, 2021-2028 ($ MILLION)
2. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY CEREALS AND GRAINS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY DAIRY PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY BAKERY PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY FATS AND OILS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY FUNCTIONAL BEVERAGES, 2021-2028 ($ MILLION)
8. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY ENERGY DRINKS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY SPORTS DRINKS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY DAIRY-BASED BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY JUICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
14. GLOBAL ONLINE FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL OFFLINE FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. GLOBAL FUNCTIONAL FOOD AND BEVERAGES FOR SPORTS AND NUTRITION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL FUNCTIONAL FOOD AND BEVERAGES FOR WEIGHT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL FUNCTIONAL FOOD AND BEVERAGES FOR CLINICAL NUTRITION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. GLOBAL FUNCTIONAL FOOD AND BEVERAGES FOR CARDIO HEALTH MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21. GLOBAL FUNCTIONAL FOOD AND BEVERAGES FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
22. GLOBAL FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
23. NORTH AMERICAN FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. NORTH AMERICAN FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY FUNCTIONAL FOOD, 2021-2028 ($ MILLION)
25. NORTH AMERICAN FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY FUNCTIONAL BEVERAGES, 2021-2028 ($ MILLION)
26. NORTH AMERICAN FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
27. NORTH AMERICAN FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
28. EUROPEAN FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. EUROPEAN FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY FUNCTIONAL FOOD, 2021-2028 ($ MILLION)
30. EUROPEAN FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY FUNCTIONAL BEVERAGES, 2021-2028 ($ MILLION)
31. EUROPEAN FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
32. EUROPEAN FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
33. ASIA-PACIFIC FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
34. ASIA-PACIFIC FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY FUNCTIONAL FOOD, 2021-2028 ($ MILLION)
35. ASIA-PACIFIC FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY FUNCTIONAL BEVERAGES, 2021-2028 ($ MILLION)
36. ASIA-PACIFIC FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
37. ASIA-PACIFIC FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
38. REST OF THE WORLD FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
39. REST OF THE WORLD FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY FUNCTIONAL FOOD, 2021-2028 ($ MILLION)
40. REST OF THE WORLD FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY FUNCTIONAL BEVERAGES, 2021-2028 ($ MILLION)
41. REST OF THE WORLD FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
42. REST OF THE WORLD FUNCTIONAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL FUNCTIONAL FOOD AND BEVERAGES MARKET SHARE BY FUNCTIONAL FOOD, 2021 VS 2028 (%)
2. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY CEREALS AND GRAINS MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY DAIRY PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY BAKERY PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY FATS & OILS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL FUNCTIONAL FOOD AND BEVERAGES MARKET SHARE BY FUNCTIONAL BEVERAGES, 2021 VS 2028 (%)
8. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY ENERGY DRINKS MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY SPORTS DRINKS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY DAIRY-BASED BEVERAGES MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY JUICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL FUNCTIONAL FOOD AND BEVERAGES BY OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL FUNCTIONAL FOOD AND BEVERAGES MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
14. GLOBAL ONLINE FUNCTIONAL FOOD AND BEVERAGES MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL OFFLINE FUNCTIONAL FOOD AND BEVERAGES MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL FUNCTIONAL FOOD AND BEVERAGES MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
17. GLOBAL FUNCTIONAL FOOD AND BEVERAGES FOR SPORTS NUTRITION MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL FUNCTIONAL FOOD AND BEVERAGES FOR WEIGHT MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. GLOBAL FUNCTIONAL FOOD AND BEVERAGES FOR CLINICAL NUTRITION MARKET SHARE BY REGION, 2021 VS 2028 (%)
20. GLOBAL FUNCTIONAL FOOD AND BEVERAGES FOR CARDIO HEALTH MARKET SHARE BY REGION, 2021 VS 2028 (%)
21. GLOBAL FUNCTIONAL FOOD AND BEVERAGES FOR OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
22. GLOBAL FUNCTIONAL FOOD AND BEVERAGES MARKET SHARE BY REGION, 2021 VS 2028 (%)
23. US FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
24. CANADA FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
25. UK FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
26. FRANCE FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
27. GERMANY FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
28. ITALY FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
29. SPAIN FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF EUROPE FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
31. INDIA FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
32. CHINA FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
33. JAPAN FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
34. SOUTH KOREA FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
35. REST OF ASIA-PACIFIC FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD FUNCTIONAL FOOD AND BEVERAGES MARKET SIZE, 2021-2028 ($ MILLION)
