Global Functional Foods Market - Forecast(2023 - 2028)

Functional Food Market size is estimated to reach $7,815 million by 2026, growing at a CAGR of 7.5% over 2021-2026. Functional foods are nutritionally complete meals that provide benefits beyond adequate basic nutrition. Natural health-promoting molecules can be observed during certain foods. This functionality aids in the prevention of certain chronic diseases and the reduction of any clinical depression. Additionally, functional meals can help lower cholesterol and improve general health. Natural anthocyanin, phenylpropanoid, tetraterpenoids are thus healthy, nutritional foods also have therapeutic value. These goods have a chemical composition of prebiotics and probiotics, are focused on illness prevention, and are concentrated in liquid, capsule, powder, or other medicine. The demand for functional food has increased as consumers' knowledge of health and wellbeing has grown. Functional Food's health and nutritional benefits are also contributing to the market's rise. The growth of the Functional Food market is being fuelled by food companies that have high expectations for food products that meet the demand for a healthy lifestyle among consumers. In this context, Functional Food has a unique role to play. These foods are intended to satisfy hunger and provide the necessary human nutrients and prevent nutrition-related diseases and increase their consumer's physical and mental well-being.


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Report Coverage

The report: “Functional Food Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Functional Food Market.

By Ingredient Type: Carotenoids, Dietary Fibres, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins, Others.
By Product Category: Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, Fats & Oils, and Others.
By Application: Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health, and Others.
By Consumers: Adults and Children.
By Distribution Channel: Supermarkets/Hypermarkets, Specialty Store, Convenience Stores, Online Retail, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)

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Key Takeaways

  • In 2020, North America dominated the Functional Food Market. Rapid growth in food science and technology, individual’s interest in wellness through diet planning, increase in healthcare costs, and increase in aging population boost the demand for Functional Food.
  • The market's growth is being stifled by increasingly strict government policies and levies on beverages in various nations.
  • Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent manufacturers operating in the market will be provided in the Functional Food Market report.


Functional Food Market Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Functional Food market. In 2020, Functional Food market share is fragmented by the top ten players present in the market. The Functional Food market top 10 companies include:

  1. DuPont de Nemours, Inc.
  2. Archer Daniels Midland Company
  3. Cargill, Incorporated
  4. BASF SE
  5. Royal Ingredients Group
  6. Kerry Group
  7. Tate & Lyle PLC
  8. Ingredion Incorporated
  9. Tereos S.A
  10. Meelunie B.V.
  11. Roquette Frères S.A.

Acquisitions/Product Launches:

  • In May 2021, Cargill launched a new probiotic product named EpiCor, which is a dried yeast fermentate clinically shown in dietary supplement trials to beneficially modulate the gut microbiota and provide immune system support.
  • In February 2021, Cargill and Manna Tree invested in Evolve BioSystems, Inc., which would help the company continue commercializing next-generation probiotics capable of addressing a widespread deficiency in the infant gut microbiome.


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