The global functional food and beverages market is anticipated to grow at a CAGR of 9.8% during the forecast period. Increasing obesity-related conditions such as heart disease, stroke, type-2 diabetes, and certain types of cancer causing preventable and premature death. According to the National Family Health Survey of 2021, there has been a rise in obesity among children under 5 years of age with 33 states and union territories registering a spike in the number of overweight children. The growing prevalence of obesity is a rising concern among the population which as a result is a growing demand for the functional food and beverages market during the forecast period. For instance, 39 million children under the age of 5 were overweight or obese in 2020. In addition, in Africa, the number of overweight children under 5 has increased by nearly 24% percent since 2000.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/functional-food-and-beverages-market
The market players are innovating new products which are feeding the customer's requiremets. The growing prevalence of obesity across the globe is forcing players to launch obesity management products and solutions. Innovations and new product development in the functional food and beverages market for obesity are driving the growth of the market during the forecast period. For instance, in February 2022, Hydrosol and its partners expanded their product line to develop a new product that tackles children’s obesity. Together with sister companies SterVitamin and OlbrichArom, the company has developed concepts for making sugar-and fat-reduced dairy and deli products designed specifically for children.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Functional Food
o By Functional Beverages
o By Distribution Channel
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Arla Foods Amba, Danone S.A., Glanbia Plc, Nestle S.A., The Kraft Heinz Co., Tyson Foods, Inc., Unilever Plc, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Functional Food and Beverages Market Report Segment
By Functional Food
By Functional Beverages
By Distribution Channel
By Application
Global Functional Food and Beverages Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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