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Functional Food and Beverage Market Size, Share & COVID-19 Impact Analysis, By Type (Functional Cereals & Grains, Functional Dairy Products, Functional Bakery Products, Functional Fats & Oils, and Other Functional/ Fortified Foods), Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Online Retail, and Others) and Regional Forecast, 2021-2028

Region : Global | Format: PDF | Report ID: FBI102269

 

KEY MARKET INSIGHTS

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The global functional food and beverage market size was USD 258.80 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with functional food and beverage witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the market exhibited an impressive growth of 11.0% in 2020. The market is projected to grow from USD 281.14 billion in 2021 to USD 529.66 billion in 2028 at a CAGR of 9.5% in the 2021-2028 period. The rise in CAGR is attributable to this market’s demand and growth returning to pre-pandemic levels and even exceeding once the pandemic is over.


Functional foods and beverages are enriched with functional nutrients, in addition to the basic nutritional value of the product, to provide multiple health-related benefits. These nutrients include amino acids, vitamins, minerals, proteins, fatty acids, and prebiotics. Functional products have gained importance in recent years due to the increased awareness among consumers. In current times, when a pandemic such as COVID-19 has hit the world and everyone is concerned about boosting their immunity, functional beverage & Food products are becoming immensely popular.


Interruptions in the Global Supply Chain amid COVID-19 to Affect the Market


The sudden outbreak of the coronavirus pandemic has had a wholesome impact on raw ingredient sourcing, manufacturing, farming, processing, packaging, and shipping of functional food and beverage. The strict lockdown imposition across several economies to stop the spread of the virus has negatively affected the production and distribution of these products in the initial months as production plants/factories underwent staggered operations and partial or complete closures. However, with increased relaxations in protocols made to deal with COVID-19, the market has gained its pace. Another problem faced by the industry has been the restricted export of some active nutraceutical ingredients across major importing and exporting countries, such as China, India, and the US. The functional food and drink market growth also suffers from the logistical and associated economic impacts of the pandemic.


However, the effects are uneven across markets and not all are negative. Across many regions, the demand for functional or fortified foods has increased due to the positive and intensive marketing by companies and recommendations by health specialists such as doctors, nutritionists, and others. The efforts by market players and distribution channels, such as tapping more intensively into the digital space to deal with the pandemic, are resulting in increased sales of these products. For instance, in November 2020, Amazon introduced its online grocery store, Amazon Fresh, in four more cities in India, including Kolkata, Ahmedabad, Pune, and Chennai.


LATEST TRENDS


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Rising Spending on Healthy & Nutritious Diet Products to Fuel Market Growth 


The functional food and beverage market trends are driven by the rising demand for healthy and nutrition-rich diets. Evolving lifestyles and increasing incomes of consumers across the world have fueled the demand for products with superior nutritional profiles. Functional beverages, for instance, are designed to be consumed on-the-go, providing enhanced nutrition. Increasing product development and innovation activities, the availability of a wide variety of products, especially across e-commerce platforms, and the adoption of unique promotional strategies by market players are collectively furthering the growth of this market.


DRIVING FACTORS


Growing Consumption of Nutrient-enriched Foods to Improve Overall Health and Well-being to Fuel the Market


The increasing demand for nutrient-enriched foods, due to hectic lifestyles and the rising awareness of their health benefits among consumers, is predicted to drive the market growth. There is a growing demand for on-the-go snacks containing additional nutrients that provide instant nutrition. Consumer interest in diet and health has increased the demand for functional foods. Consumers are inclined towards foods containing functional ingredients to reduce the risk of certain health conditions, such as obesity, weight management, diabetes, and cardiovascular diseases. Hectic lifestyles and increasing stress have contributed to the increasing prevalence of such health disorders. Various functional food trends, such as the rising demand for hemp-infused foods and beverages, probiotics, and prebiotics, are becoming popular and boosting the growth of this market.


Innovation and New Product Developments to Aid Growth


Increasing research and development activities to introduce innovative functional food and beverage products are responsible for driving the growth of this market. Companies are creating products that suit growing consumer needs. Manufacturers are developing functional confectioneries such as gummies and toffees for children, nutrition bars, and functional drinks that attract fitness enthusiasts and consumers looking for quick nutrition. Consumers are increasingly becoming aware of their digestive health, driving innovation in probiotic product offerings. Due to rising health consciousness among people, functional foods are experiencing striking demand growth across the globe.


The development of novel technologies for the formulation of functional food products is also driving product innovations in the global market. Technologies such as encapsulation technology, enzyme technology, vacuum impregnation technology, and edible coating technology are increasingly being utilized for the development of functional foods & beverages. Enzymes such as lipases can be used for the production of certain fatty acids as flavoring agents and antioxidant esters. Likewise, encapsulation in probiotics allows storage at ambient temperature, higher enhanced water activity, and reduces the loss of viability. Manufacturers are developing innovative products by using such technologies to keep up with the market demand. For instance, in June 2019, Robertet, a natural ingredient producer in France, launched an encapsulation technology that uses the prebiotic inulin as a carrier for transporting essential oils into powders for improved absorptions.


RESTRAINING FACTORS


Off-taste and Flavor of Functional Ingredients to Hamper Market Growth


Functional ingredients, such as botanical extracts and herbs, when added to foods & beverages, generally impart an off or bitter taste to the product. Taste is a critical factor in the purchase decision, even when consumers are looking for healthy products. The challenge faced in masking the bitterness, off-tastes, and undesirable flavors of some botanical extracts and herbs is impeding the growth of the market.


Manufacturers use various approaches, such as the utilization of taste and flavor modifiers, to tackle these challenges. Flavor addition for the reduction of bitterness and taste masking is one of the most significant trends in the functional food and beverage industry. Flavors that complement functional food ingredients and nutrients added to the product are mostly used for masking purposes. For example, citrus flavors and astringent berry flavors work especially well with antioxidant fortifications as they blend well with the acidity that is inherent in vitamin C and other antioxidant ingredients. Natural fruit flavors are generally used in functional beverages and food due to the rising popularity of plant-based ingredients.


SEGMENTATION


By Type Analysis


Functional Dairy Products are the Leading Types in the Global Marketplace


The market segments for functional foods and drinks, based on type, include functional dairy products as the leading product type. Increased consumer inclination towards aiding digestive health has contributed to raising the demand for prebiotics and probiotics dairy products. The higher affordability of functional dairy products such as yogurt is further boosting its demand across developing economies where per capita income and spending on health food products are comparatively lower.


The cereal and grain segment is another important segment that is generating the highest revenue after functional dairy products. The fortification of cereals & grains is one of the most effective methods to tackle nutrient deficiencies. Governments and regulatory authorities across the world have been taking initiatives to address the growing concern of nutrient deficiencies among populations with fortified foods. The addition of iodine in salt, vitamin D in milk, and vitamin B and iron in flour and bread are some of the examples of food fortification. In June 2019, for example, the U.K. government announced mandatory fortification of flour with folic acid (Vitamin B9) to prevent congenital disabilities of the brain and spinal cord, called neural tube defects.


The demand for functional fats & oils is rising at a crucial pace as they are major ingredients in the preparation of a variety of cuisines across the globe. Moreover, the increased awareness regarding the health benefits of functional fats such as Omega-3 fatty acids is aiding the product segment sales.


By Distribution Channel Analysis


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Online Retail Segment to Grow at the Fastest Pace


The e-commerce boom has effectively provided strong headwinds to online retail sales of functional food products. After the onset of the pandemic, key manufacturers are more actively tapping popular e-commerce platforms with a mix of attractive discounts, robust sales & support, and an enhanced shopping experience for consumers. This factor is predicted to support online platforms to emerge as one of the fastest-growing distribution channels across the globe.


Mass merchandisers (supermarkets/hypermarkets) are the leading distribution channel segment for functional food and beverages. These giant retailers are augmenting their market penetration by targeting underserved locations, offering distinct retail shelves to superior nutritional products, and developing a bundling strategy for such products.


Convenience stores have emerged as a major distribution channel in the global market as they offer convenience as well as specialized functional products from different brands. The easy accessibility of these stores to consumers is also boosting the sales of functional beverage and food through this channel.


REGIONAL INSIGHTS


Asia Pacific Functional Food and Beverage Market Size, 2020 (USD Billion)

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Asia Pacific is the Leading Region with the Fastest Growth Projection


The Asia Pacific market value stood at USD 100 billion in 2020 and is projected to register a CAGR of 10.04% during 2021-2028, owing to the rising health awareness and increasing discretionary incomes in the region. The consumption of fast food is causing adverse changes in health conditions and increasing the prevalence of chronic diseases, such as diabetes and obesity. Rising awareness about these health issues is driving consumers to spend more on nutritional foods to improve overall well-being.


In Europe, the demand for foods with functional benefits is progressing at a stable pace owing to the increasing investments by market players in research, innovation, and the marketing of products. The stringent regulations for regulating nutraceutical products in the region also assure only safe and high-quality functional products are accessible to consumers.


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The position of North America in the functional food and beverage market share is being augmented by a growing number of health-conscious consumers who are opting for foods rich in nutritious and functional substances. The increased consumer focus on enhancing physical, mental, and overall health through a healthy diet is propelling the market’s growth across the region. Moreover, the presence of giant food companies, such as Tyson Foods, General Mills, and others, in the region that is actively exploring their potential in the functional food & beverage space can further augment the regional market growth in the upcoming years.


KEY INDUSTRY PLAYERS


Moderately Consolidated Industry Structure to Influence Market Competition


The analysis of this market shows that at the global level, the market is moderately consolidated with a few prominent players, such as Danone S.A., General Mills, Nestle S.A., Glanbia Plc, and others, operating internationally. These players are focusing on research and innovation activities to cater to the growing consumer demands for innovative products.


The key companies are focused on mergers, acquisitions, new product launches, and are developing partnerships to consolidate their position. For instance, in December 2019, International Flavours and Fragrances Inc. and DuPont’s nutrition and bioscience division announced a merger to create high-value functional ingredients and solutions in the global food, beverage, health, and wellness market. New players are likewise entering the market to meet the growing demand for more affordable products, as functional foods become more mainstream. The arrival of new players in the market is responsible for intensifying competition within the market, which is acting as a positive factor for the growth of this market.


December 2020 – Nestle introduced its functional powdered dairy beverage, Yiyang Active Milk Powder, for adults in China. The product consists of a unique combination of ingredients proven to support joint functionality, bone health, and muscle strength. This is Nestle’s first product with functional food approval in China.


March 2020 – PepsiCo Inc. entered into an agreement to acquire the US-based energy drink producer, Rockstar Energy Beverages, for USD 3.85 billion. The strategic acquisition was aimed at expanding PepsiCo’s existing portfolio of functional beverages, along with expanding its market presence in the functional beverage space across the country.


LIST OF KEY COMPANIES PROFILED:



  • Danone S.A. (Paris, France)

  • Nestle S.A. (Vevey, Switzerland)

  • General Mills Inc. (Minnesota, United States)

  • Glanbia Plc (Kilkenny, Ireland)

  • Tyson Foods Inc. (Arkansas, United States)

  • PepsiCo Inc. (New York, United States)

  • Hearthside Food Solutions LLC (Illinois, United States)

  • Celsius Holding, Inc. (Florida, United States)

  • Arla Foods amba (Viby, Denmark)

  • The Coca-Cola Company (Georgia, United States)


KEY INDUSTRY DEVELOPMENTS:



  • In August 2020, Bunge Ltd., a US-based company, invested $30 million in Merit Functional Foods, a Canada-based protein ingredient manufacturer. Bunge aims to supply Merit Functional Foods with canola which is required to produce food-grade canola protein. The production facility set in Winnipeg Man is expected to be the first extraction facility for canola protein in the world.

  • In October 2020, Rosewood Private Investments (RPI) acquired Living Ecology (LE), a functional bar maker specializing in producing fruit and nutrition bars. This acquisition enables the company to make its entry into the functional foods market. Nutrition + Wellness (INW), a subsidiary of RPI, will expand its production capabilities and develop new products such as functional bars and bites.

  • In January 2021, the Ministry of Food & Drug Safety (MFDS) of South Korea officially announced that general foods could promote the functional ingredients used in the product and label them accordingly. Strict regulations are enforced to ensure that customers are aware of the quality of food products. MFDS also aims to introduce a new framework that provides scientific data on the functionality of the new raw materials used in the product.

  • In March 2021, Gurugram based food delivery company Zomato announced its line of functional foods. The company aims to make its product available online, and the customers can order them through its app.


REPORT COVERAGE


An Infographic Representation of Functional Foods Market

Functional Foods Market
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The functional food and beverage market report provides qualitative and quantitative insights, along with intelligence on this market, and offers a detailed analysis of the size and growth rate for all possible segments in the market. Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights provided in the report include the overview of related markets, recent industry developments, such as mergers & acquisitions, the regulatory scenario in key countries, and key industry trends.


Report Scope & Segmentation










































  ATTRIBUTE

  DETAILS

Study Period

   2017-2028

Base Year

   2020

Forecast Period

   2021-2028

Historical Period

  2017-2019

Unit

   Value (USD Billion)

By Type

  • Functional Cereal & Grains

  • Functional Dairy Products

  • Functional Bakery Products

  • Functional Fats & Oils

  • Other Functional/Fortified Foods

By Distribution Channel

  •  Supermarkets/Hypermarkets

  • Convenience Stores

  • Online Retail

  • Others

 


 


 


 


 


Geography

  • North America (By Type, Distribution Channel, and By Country)

    • The U.S. (By Distribution Channel)

    • Canada (By Distribution Channel)

    • Mexico (By Distribution Channel)



  • Europe (By Type, Distribution Channel, and By Country)

    • Germany (By Distribution Channel

    • The U.K. (By Distribution Channel)

    • Spain (By Distribution Channel)

    • France (By Distribution Channel)

    • Italy (By Distribution Channel)

    • Rest of Europe (By Distribution Channel)



  • Asia Pacific (By Type, Distribution Channel, and By Country)

    • China (By Distribution Channel)

    • Australia (By Distribution Channel)

    • Japan (By Distribution Channel)

    • India (By Distribution Channel)

    • Rest of Asia Pacific (By Distribution Channel)



  • South America (By Type, Distribution Channel, and By Country)

    • Argentina (By Distribution Channel)

    • Brazil (By Distribution Channel)

    • Rest of South America (By Distribution Channel)



  • The Middle East and Africa (By Type, Distribution Channel, and By Country)

    • South Africa (By Distribution Channel)

    • The UAE (By Distribution Channel)

    • Rest of the MEA (By Distribution Channel)

Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 258.80 billion in 2020 and is projected to reach USD 529.66 billion by 2028.

Growing at a CAGR of 9.5%, the market will exhibit steady growth during the forecast period (2021-2028).

The functional dairy products segment is expected to be the leading type in the market during the forecast period.

The rising demand for nutrient-enriched food to aid overall health is expected to drive the growth of the global market.

Nestle S.A., Danone S.A., General Mills Inc., Glanbia Plc, and The Coca-Cola Company are some of the top players in the market.

Asia Pacific is expected to hold the highest share in the global market.

The supermarket/hypermarket segment is expected to hold the dominant share in the global market.

Increasing consumer spending on healthy diet products is an emerging trend in the global market.

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Table of Content:

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
    4. Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
  4. Key Insights
    1. Overview of the Parent/Related (Nutraceuticals) Market
    2. Regulatory Analysis
    3. Industry SWOT Analysis
    4. Recent Industry Developments - Policies, Mergers & Acquisitions, and  New Product Launches
    5. Market Analysis and Insights (in Relation with COVID-19)
      1. Impact of COVID-19 on the Market
      2. Supply Chain Challenges due to the Pandemic
      3. Potential Opportunities Due to COVID-19
  5. Global Functional Food and Beverage Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Size Estimates and Forecast 
      1. By Type (Value)
        1. Functional Cereals & Grains
        2. Functional Dairy Products
        3. Functional Bakery Products
        4. Functional Fats & Oils
        5. Other Functional/Fortified Foods
      2. By Distribution Channel (Value)
        1. Supermarkets/Hypermarkets
        2. Convenience Stores
        3. Online Retail
        4. Others
      3. By Region (Value)
        1. North America
        2. Europe
        3. Asia Pacific
        4. South America
        5. Middle East & Africa
  6. North America Functional Food and Beverage Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Size Estimates and Forecast 
      1. By Type (Value)
        1. Functional Cereals & Grains
        2. Functional Dairy Products
        3. Functional Bakery Products
        4. Functional Fats & Oils
        5. Other Functional/Fortified Foods
      2. By Distribution Channel (Value)
        1. Supermarkets/Hypermarkets
        2. Convenience Stores
        3. Online Retail
        4. Others
      3. By Country (Value)
        1. The U.S.
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        2. Canada
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        3. Mexico
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
  7. Europe Functional Food and Beverage Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Size Estimates and Forecast 
      1. By Type (Value)
        1. Functional Cereals & Grains
        2. Functional Dairy Products
        3. Functional Bakery Products
        4. Functional Fats & Oils
        5. Other Functional/Fortified Foods
      2. By Distribution Channel (Value)
        1. Supermarkets/Hypermarkets
        2. Convenience Stores
        3. Online Retail
        4. Others
      3. By Country (Value)
        1. Germany
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        2. France
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        3. Italy
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        4. Spain
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        5. U.K.
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        6. Rest of Europe
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
  8. Asia Pacific Functional Food and Beverage Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
      1. By Type (Value)
        1. Functional Cereals & Grains
        2. Functional Dairy Products
        3. Functional Bakery Products
        4. Functional Fats & Oils
        5. Other Functional/Fortified Foods
      2. By Distribution Channel (Value)
        1. Supermarkets/Hypermarkets
        2. Convenience Stores
        3. Online Retail
        4. Others
      3. By Country (Value)
        1. China
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        2. India
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        3. Japan
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        4. Australia
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        5. Rest of APAC
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
  9. South America Functional Food and Beverage Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
      1. By Type (Value)
        1. Functional Cereals & Grains
        2. Functional Dairy Products
        3. Functional Bakery Products
        4. Functional Fats & Oils
        5. Other Functional/Fortified Foods
      2. By Distribution Channel (Value)
        1. Supermarkets/Hypermarkets
        2. Convenience Stores
        3. Online Retail
        4. Others
      3. By Country (Value)
        1. Brazil
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        2. Argentina
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        3. Rest of South America
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
  10. Middle East and Africa Functional Food and Beverage Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
      1. By Type (Value)
        1. Functional Cereals & Grains
        2. Functional Dairy Products
        3. Functional Bakery Products
        4. Functional Fats & Oils
        5. Other Functional/Fortified Foods
      2. By Distribution Channel (Value)
        1. Supermarkets/Hypermarkets
        2. Convenience Stores
        3. Online Retail
        4. Others
      3. By Country (Value)
        1. UAE
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        2. South Africa
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
        3. Rest of ME&A
          1. By Distribution Channel (Value)
            1. Supermarkets/Hypermarkets
            2. Convenience Stores
            3. Online Retail
            4. Others
  11. Competitive Matrix
    1. Business Strategies Adopted by Leading Players
    2. Global Functional Food and Beverage Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2020
  12. Company Profiles
    1. Nestle S.A.
      1. Overview
      2. Description
      3. Type Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    2. Danone S.A.
      1. Overview
      2. Description
      3. Type Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    3. General Mills Inc.
      1. Overview
      2. Description
      3. Type Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    4. Glanbia Plc
      1. Overview
      2. Description
      3. Type Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    5. Tyson Foods
      1. Overview
      2. Description
      3. Type Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    6. Hearthside Food Solutions LLC
      1. Overview
      2. Description
      3. Type Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    7. PepsiCo Inc.
      1. Overview
      2. Description
      3. Type Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    8. Celsius Holdings Inc.
      1. Overview
      2. Description
      3. Type Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    9. Arla Foods amba
      1. Overview
      2. Description
      3. Type Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    10. The Coca-Cola Company
      1. Overview
      2. Description
      3. Type Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
  13. Strategic Recommendations
  14. Appendix

List of Tables

Table 1:  Global Functional Food and Beverage Market Revenue (USD Bn) Forecast, 2017-2028

Table 2:  Global Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Type, 2017-2028

Table 3:  Global Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel, 2017-2028

Table 4:  Global Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Region, 2017-2028

Table 5:  North America Functional Food and Beverage Market Revenue (USD Bn) Forecast, 2017-2028

Table 6:  North America Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Type, 2017-2028

Table 7:  North America Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel, 2017-2028

Table 8:  North America Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Country, 2017-2028

Table 9:  The U.S. Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel, 2017-2028

Table 10:  Canada Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel, 2017-2028

Table 11:  Mexico Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 12:  Europe Functional Food and Beverage Market Revenue (USD Bn) Forecast, 2017-2028

Table 13:  Europe Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Type, 2017-2028

Table 14:  Europe Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel, 2017-2028

Table 15:  Europe Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Country, 2017-2028

Table 16:  Germany Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel, 2017-2028

Table 17:  France Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 18:  Italy Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 19:  Spain Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 20:  U.K. Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 21:  Rest of Europe Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Type 2017-2028

Table 22:  Asia Pacific Functional Food and Beverage Market Revenue (USD Bn) Forecast, 2017-2028

Table 23:  Asia Pacific Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Type, 2017-2028

Table 24:  Asia Pacific Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel, 2017-2028

Table 25:  Asia Pacific Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Country, 2017-2028

Table 26:  China Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 27:  India Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 28:  Japan Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 29:  Australia Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 30:  Rest of Asia Pacific Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 31:  South America Functional Food and Beverage Market Revenue (USD Bn) Forecast, 2017-2028

Table 32:  South America Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Type, 2017-2028

Table 33:  South America Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel, 2017-2028

Table 34:  South America Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Country, 2017-2028

Table 35:  Brazil Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel, 2017-2028

Table 36:  Argentina Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 37:  Rest of South America Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 38:  Middle East & Africa Functional Food and Beverage Market Revenue (USD Bn) Forecast, 2017-2028

Table 39:  Middle East & Africa Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Type, 2017-2028

Table 40:  Middle East & Africa Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel, 2017-2028

Table 41:  Middle East & Africa Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Country, 2017-2028

Table 42:  UAE Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 43:  South Africa Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

Table 44:  Rest of the Middle East & Africa Functional Food and Beverage Market Revenue (USD Bn) Forecast, by Distribution Channel 2017-2028

List of Figures

Figure 1:  Global Functional Food and Beverage Market Revenue (USD Bn) Breakdown by Type, 2020 & 2028

Figure 2:  Global Functional Food and Beverage Market Revenue (USD Bn) Breakdown by Distribution Channel, 2020 & 2028

Figure 3:  Global Functional Food and Beverage Market Revenue (USD Bn) Breakdown by Region, 2020 & 2028

Figure 4:  Global Functional Food and Beverage Market Share (%) by Type, 2020

Figure 5:  Global Functional Food and Beverage Market Share (%) by Distribution Channel, 2020

Figure 6:  Global Functional Food and Beverage Market Share (%) by Region, 2020

Figure 7:  North America Functional Food and Beverage Market Value (USD Bn) by Type, 2020 & 2028

Figure 8:  North America Functional Food and Beverage Market Value Share (%) by Type, 2020

Figure 9:  North America Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 10:  North America Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 11:  North America Functional Food and Beverage Market Value (USD Bn) by Country, 2020 & 2028

Figure 12:  North America Functional Food and Beverage Market Value Share (%) by Country, 2020

Figure 13:  U.S. Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 14:  U.S. Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 15:  Canada Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 16:  Canada Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 17:  Mexico Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 18:  Mexico Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 19:  Europe Functional Food and Beverage Market Value (USD Bn) by Type, 2020 & 2028

Figure 20:  Europe Functional Food and Beverage Market Value Share (%) by Type, 2020

Figure 21:  Europe Functional Food and Beverage Market Value (USD Bn) by Distribution Channel,2020 & 2028

Figure 22:  Europe Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 23:  Europe Functional Food and Beverage Market Value (USD Bn) by Country, 2020 & 2028

Figure 24:  Europe Functional Food and Beverage Market Value Share (%) by Country, 2020

Figure 25:  Germany Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 26:  Germany Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 27:  France Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 28:  France Functional Food and Beverage Market Value Share (%) by Distribution Channel 2020

Figure 29:  Italy Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 30:  Italy Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 31:  Spain Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 32:  Spain Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 33:  U.K. Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 34:  U.K. Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 35:  Rest of Europe Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 36:  Rest of Europe Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 37:  Asia Pacific Functional Food and Beverage Market Value (USD Bn) by Type, 2020 & 2028

Figure 38:  Asia Pacific Functional Food and Beverage Market Value Share (%) by Type, 2020

Figure 39:  Asia Pacific Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 40:  Asia Pacific Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 41:  Asia Pacific Functional Food and Beverage Market Value (USD Bn) by Country, 2020 & 2028

Figure 42:  Asia Pacific Functional Food and Beverage Market Value Share (%) by Country, 2020

Figure 43:  China Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 44:  China Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 45:  India Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 46:  India Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 47:  Japan Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 48:  Japan Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 49:  Australia Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 50:  Australia Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 51:  Rest of Asia Pacific Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 52:  Rest of Asia Pacific Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 53:  South America Functional Food and Beverage Market Value (USD Bn) by Type, 2020 & 2028

Figure 54:  South America Functional Food and Beverage Market Value Share (%) by Type, 2020

Figure 55:  South America Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 56:  South America Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 57:  South America Functional Food and Beverage Market Value (USD Bn) by Country, 2020 & 2028

Figure 58:  South America Functional Food and Beverage Market Value Share (%) by Country, 2020

Figure 59:  Brazil Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 60:  Brazil Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 61:  Argentina Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 62:  Argentina Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 63:  Rest of South America Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 64:  Rest of South America Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 65:  Middle East & Africa Functional Food and Beverage Market Value (USD Bn) by Type, 2020 & 2028

Figure 66:  Middle East & Africa Functional Food and Beverage Market Value Share (%) by Type, 2020

Figure 67:  Middle East & Africa Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 68:  Middle East & Africa Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 69:  Middle East & Africa Functional Food and Beverage Market Value (USD Bn) by Country, 2020 & 2028

Figure 70:  Middle East & Africa Functional Food and Beverage Market Value Share (%) by Country, 2020

Figure 71:  UAE Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 72:  UAE Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 73:  South Africa Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 74:  South Africa Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 75:  Rest of Middle East & Africa Functional Food and Beverage Market Value (USD Bn) by Distribution Channel, 2020 & 2028

Figure 76:  Rest of Middle East & Africa Functional Food and Beverage Market Value Share (%) by Distribution Channel, 2020

Figure 77:  Global Functional Food and Beverage Market Revenue (%) Share Analysis by Key Players, 2020

Functional Foods Market Size, Share and Global Industry Trend Forecast till 2026
  • May, 2021
  • 2020
  • 2017-2019
  • 164

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