The global functional foods market is expected to reach USD 255.10 billion by 2024, according to a new report by Grand View Research, Inc.Growing geriatric population, healthcare costs, consumers ‘consciousness towards their well-being, and changing lifestyle is expected to drive the functional foods market growth over the forecast period. These foods have the ability to combat various diseases progression and provide promising health benefits to individuals.
Fish oils which contain long-chain omega-3 fatty acids are categorized as a functional food that helps in reduction of cardiovascular diseases and lowers the total cholesterol level. Yogurt, which has lactobacillus bacteria, contributes to improving the quality of intestinal microflora.
However, the functional food is mostly attributed to possess “credence attributes” that is the product attributes cannot be claimed directly by the consumers. Such a factor is expected to critically affect the global industry over the forecast period.
Labeling on a product might claim that it constitutes extra dosage of calcium, which helps in preventing osteoporosis disease. However, consumers are unable to evaluate such claims as the nutrients cannot be smelled or tasted and do not have any proper shape. Consumers need to wait for a particular period to validate the credence claims.
Nevertheless, researchers have been trying to combine functional food and molecular nutrition into one which is anticipated to challenge the traditional diet paradigm. The benefits claimed for functional foods by manufacturers slowly arrive on the plates of the consumers. Speeding the health benefit arrival require more innovative approaches and also funding to expand the knowledge base associated with molecular nutrition.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/functional-food-market
Further key findings from the report suggest:
·
Epidemiological studies have demonstrated that
higher the consumption of whole grains, fruits, and vegetables, there is a
wider chance of lowering some chronic diseases.
·
Soy product is expected to witness the highest
growth of 9.2% over the next eight years. Soybean contains isoflavones and
lignans, which is attributed to providing high protein content, thus attracting
large consumer group for its usage in health diets.
·
These foods also contribute significantly to
improving the digestive tract of human beings. Digestive health end-use segment
is presumed to exhibit a CAGR of 8.6% over the forecast period. Various plants,
spices, and herbs help to promote digestion activities among humans.
·
Asia Pacific accounted for over 40% of the
global market in 2015 and is expected to maintain its lead position over the
forecast period. Increasing urbanization and rising geriatric population in
countries such as India and China is supposed to aid the regional growth.
·
The industry is fragmented in nature with the
presence of both local and international participants. Companies include BASF
SE, Cargill Inc, Nutri-Nation, Coco-Cola Co., GFR Pharma and General Mills Inc.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the functional foods market on the basis of product, application, end-use and region:
Global Functional Foods Product Outlook (Revenue, USD Billion, 2014 - 2024)
·
Carotenoids
·
Dietary fibre
·
Fatty acids
·
Minerals
·
Prebiotics & probiotic
·
Vitamins
·
Others
Global Functional Foods Application Outlook (Revenue, USD Billion,
2014 - 2024)
·
Bakery & Cereals
·
Dairy products
·
Meat, fish & eggs
·
Soy products
·
Fats & oils
·
Others
Global Functional Foods End-Use Outlook (Revenue, USD Billion, 2014
- 2024)
·
Sports Nutrition
·
Weight Management
·
Immunity
·
Digestive Health
·
Clinical Nutrition
·
Cardio Health
·
Others
Global Functional Foods Regional Outlook (Revenue, USD Billion, 2014
- 2024)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
EU28
o
Russia
·
Asia Pacific
o
China
o
India
o
Japan
o
Philippines
o
Indonesia
o
Malaysia
o
Australia
·
Central & South America
o
Brazil
·
Middle East & Africa
o
South Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-functional-foods-market
No comments:
Post a Comment