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Functional Foods and Beverages Market Size, Trends, Analysis, and Outlook By Product (Functional foods, Functional beverages), By Distribution Channel (Offline, Online), by Country, Segment, and Companies, 2024-2032

October 2024 | 190 pages | ID: F022903E860EEN
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Global Functional Foods and Beverages Market Size is valued at $332.4 Billion in 2024 and is forecast to register a growth rate (CAGR) of 8.1% to reach $619.8 Billion by 2032.

The functional foods and beverages market is witnessing growth driven by increasing consumer demand for health-oriented products. The trend towards plant-based and fortified options is boosting market expansion. Innovations in formulations, flavors, and packaging are enhancing market potential, encouraging brands to develop diverse functional foods and beverages.

Functional Foods and Beverages Market Drivers, Trends, Opportunities, and Growth Opportunities

The comprehensive report presents unique market trends and challenges shaping the outlook for industry stakeholders. The Future of Functional Foods and Beverages survey report provides the market size outlook across types, applications, and segments globally and regionally. It also offers data-driven insights and actionable recommendations for companies in the Functional Foods and Beverages industry.

Key market trends defining the global Functional Foods and Beverages demand in 2025 and Beyond

The Functional Foods and Beverages industry remains an attractive hub for both domestic and global vendors. As we enter 2025, demand from end-user sectors, changes in consumption patterns, new product launches, and widening distribution channels will play major roles.

Functional Foods and Beverages Market Segmentation- Industry Share, Market Size, and Outlook to 2032

Rising demand for diverse products and applications fuels the increased investments in niche segments. Leading companies focus on generating a large share of their future revenue growth by expanding into these niche segments. The report presents a market size outlook across segments, supporting companies scaling up production with a focus on potential countries.

Key strategies adopted by companies within the Functional Foods and Beverages industry

Leading Functional Foods and Beverages companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions. In particular, companies that leverage advanced technologies to achieve operational excellence are set to gain significant revenues. The report details the key strategies adopted by the top 10 Functional Foods and Beverages companies.

Functional Foods and Beverages Market Study- Strategic Analysis Review

The market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions.

- Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.

- Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.

- Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.

- Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Functional Foods and Beverages Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Functional Foods and Beverages industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.

Functional Foods and Beverages Country Analysis and Revenue Outlook to 2032

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.

North America Functional Foods and Beverages Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Functional Foods and Beverages market segments. Similarly, strong market demand encourages Canadian Functional Foods and Beverages companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Functional Foods and Beverages Market Size Outlook- Companies investing in assessing consumers, categories, competitors, and capabilities.

The German Functional Foods and Beverages industry remains the major market for companies in the European Functional Foods and Beverages industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Functional Foods and Beverages market fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and addressing niche consumer segments.

Asia Pacific Functional Foods and Beverages Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing pool of consumer base, robust consumption expenditure, and increasing investments in manufacturing drive the demand for Functional Foods and Beverages in Asia Pacific. In particular, China, India, and South East Asian Functional Foods and Beverages markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Functional Foods and Beverages Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to higher purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Functional Foods and Beverages Market Size Outlook- continues its upward trajectory across segments.

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Functional Foods and Beverages market potential. Fuelled by increasing consumption expenditure of individuals and growing population drive the demand for Functional Foods and Beverages.

Functional Foods and Beverages Company Profiles

The global Functional Foods and Beverages market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. The leading companies included in the study are Archer Daniels Midland Company (ADM), Arla Foods amba, Campbell Soup Co., Danone SA, Del Monte Pacific Ltd, Fonterra Cooperative Group Ltd, General Mills Inc, Hildur Functional Foods Pvt. Ltd, Kellogg Co, Keurig Dr Pepper Inc, Nestle SA, Otsuka Holdings Co. Ltd, PepsiCo Inc, Suntory Holdings Ltd, T.C. Pharmaceutical Industries Co. Ltd, The Coca Cola Co., The Kraft Heinz Co., Tyson Foods Inc, Unilever PLC, Zbiotics Inc.

Recent Functional Foods and Beverages Market Developments

The global Functional Foods and Beverages market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Functional Foods and Beverages Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Product

Functional foods

Functional beverages

By Distribution Channel

Offline

Online

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Archer Daniels Midland Company (ADM)

Arla Foods amba

Campbell Soup Co.

Danone SA

Del Monte Pacific Ltd

Fonterra Cooperative Group Ltd

General Mills Inc

Hildur Functional Foods Pvt. Ltd

Kellogg Co

Keurig Dr Pepper Inc

Nestle SA

Otsuka Holdings Co. Ltd

PepsiCo Inc

Suntory Holdings Ltd

T.C. Pharmaceutical Industries Co. Ltd

The Coca Cola Co.

The Kraft Heinz Co.

Tyson Foods Inc

Unilever PLC

Zbiotics Inc

Formats Available: Excel, PDF, and PPT
CHAPTER 1: EXECUTIVE SUMMARY

1.1 Study Scope
1.2 Market Definition
1.3 Report Guide
  1.3.1 Country Coverage
  1.3.2 Companies Profiled
  1.3.3 Study Period: 2018 to 2023 and 2024 to 2032
  1.3.4 Units
1.4 Abbreviations

CHAPTER 2. FUNCTIONAL FOODS AND BEVERAGES MARKET OVERVIEW- 2025

2.1 An Introduction to the Global Functional Foods and Beverages Markets
2.2 Key Statistics
2.3 Region Benchmarking, 2024
2.4 Country Positioning Matrix, 2024

CHAPTER 3. STRATEGIC ANALYSIS REVIEW

3.1 Functional Foods and Beverages Industry Stakeholders
3.2 Value Chain Analysis
3.3 Porter’s Five Forces Analysis
3.4 SWOT Profile
3.5 Recent Market Developments

CHAPTER 4. IMPACT ANALYSIS AND SCENARIO FORECASTS

4.1 Russia-Ukraine Conflict Analysis
4.2 COVID-19: Post Pandemic Recovery Analysis
4.3 US Inflation and Sluggish Growth in China
4.4 Focus on Sustainability
4.5 Low Growth Case Scenario: Global Functional Foods and Beverages Market Outlook to 2032
4.6 Reference Case Scenario: Global Functional Foods and Beverages Market Outlook to 2032
4.7 High Growth Case Scenario: Global Functional Foods and Beverages Market Outlook to 2032

CHAPTER 5: FUNCTIONAL FOODS AND BEVERAGES MARKET DYNAMICS

5.1 Key Functional Foods and Beverages Market Trends
5.2 Potential Functional Foods and Beverages Market Opportunities
5.3 Key Market Challenges

CHAPTER 6: GLOBAL FUNCTIONAL FOODS AND BEVERAGES MARKET ANALYSIS AND OUTLOOK TO 2032

6.1 Global Market Outlook by Segments, 2021 to 2032
6.2 Product
Functional foods
Functional beverages
Distribution Channel
Offline
Online
6.3 Global Market Outlook by Region, 2021 to 2032

CHAPTER 7: NORTH AMERICA FUNCTIONAL FOODS AND BEVERAGES MARKET ANALYSIS AND OUTLOOK TO 2032

7.1 North America Market Outlook by Segments, 2021- 2032
7.2 Product
Functional foods
Functional beverages
Distribution Channel
Offline
Online
7.3 North America Market Outlook by Country, 2021- 2032
  7.3.1 United States Functional Foods and Beverages Market Size Forecast, 2021- 2032
  7.3.2 Canada Functional Foods and Beverages Market Size Forecast, 2021- 2032
  7.3.3 Mexico Functional Foods and Beverages Market Size Forecast, 2021- 2032

CHAPTER 8: EUROPE FUNCTIONAL FOODS AND BEVERAGES MARKET ANALYSIS AND OUTLOOK TO 2032

8.1 Europe Market Outlook by Segments, 2021- 2032
8.2 Product
Functional foods
Functional beverages
Distribution Channel
Offline
Online
8.3 Europe Market Outlook by Country, 2021- 2032
  8.3.1 Germany Functional Foods and Beverages Market Size Forecast, 2021- 2032
  8.3.2 France Functional Foods and Beverages Market Size Forecast, 2021- 2032
  8.3.3 United Kingdom Functional Foods and Beverages Market Size Forecast, 2021- 2032
  8.3.4 Spain Functional Foods and Beverages Market Size Forecast, 2021- 2032
  8.3.5 Italy Functional Foods and Beverages Market Size Forecast, 2021- 2032
  8.3.6 Russia Functional Foods and Beverages Market Size Forecast, 2021- 2032
  8.3.7 Rest of Europe Functional Foods and Beverages Market Size Forecast, 2021- 2032

CHAPTER 9: ASIA PACIFIC FUNCTIONAL FOODS AND BEVERAGES MARKET ANALYSIS AND OUTLOOK TO 2032

9.1 Asia Pacific Market Outlook by Segments, 2021- 2032
9.2 Product
Functional foods
Functional beverages
Distribution Channel
Offline
Online
9.3 Asia Pacific Market Outlook by Country, 2021- 2032
  9.3.1 China Functional Foods and Beverages Market Size Forecast, 2021- 2032
  9.3.2 India Functional Foods and Beverages Market Size Forecast, 2021- 2032
  9.3.3 Japan Functional Foods and Beverages Market Size Forecast, 2021- 2032
  9.3.4 South Korea Functional Foods and Beverages Market Size Forecast, 2021- 2032
  9.3.5 Australia Functional Foods and Beverages Market Size Forecast, 2021- 2032
  9.3.6 South East Asia Functional Foods and Beverages Market Size Forecast, 2021- 2032
  9.3.7 Rest of Asia Pacific Functional Foods and Beverages Market Size Forecast, 2021- 2032

CHAPTER 10: SOUTH AMERICA FUNCTIONAL FOODS AND BEVERAGES MARKET ANALYSIS AND OUTLOOK TO 2032

10.1 South America Market Outlook by Segments, 2021- 2032
10.2 Product
Functional foods
Functional beverages
Distribution Channel
Offline
Online
10.3 South America Market Outlook by Country, 2021- 2032
  10.3.1 Brazil Functional Foods and Beverages Market Size Forecast, 2021- 2032
  10.3.2 Argentina Functional Foods and Beverages Market Size Forecast, 2021- 2032
  10.3.3 Rest of South America Functional Foods and Beverages Market Size Forecast, 2021- 2032

CHAPTER 11: MIDDLE EAST AND AFRICA FUNCTIONAL FOODS AND BEVERAGES MARKET ANALYSIS AND OUTLOOK TO 2032

11.1 Middle East and Africa Market Outlook by Segments, 2021- 2032
11.2 Product
Functional foods
Functional beverages
Distribution Channel
Offline
Online
11.3 Middle East and Africa Market Outlook by Country, 2021- 2032
  11.3.1 Saudi Arabia Functional Foods and Beverages Market Size Forecast, 2021- 2032
  11.3.2 The UAE Functional Foods and Beverages Market Size Forecast, 2021- 2032
  11.3.3 Rest of Middle East Functional Foods and Beverages Market Size Forecast, 2021- 2032
  11.3.4 South Africa Functional Foods and Beverages Market Size Forecast, 2021- 2032
  11.3.4 Rest of Africa Functional Foods and Beverages Market Size Forecast, 2021- 2032

CHAPTER 12: COMPETITIVE LANDSCAPE

12.1 Competitive Analysis- Product Profile, SWOT, Financial Profiles
12.2 Key Companies Profiled in the Study
12.3 Archer Daniels Midland Company (ADM)
Arla Foods amba
Campbell Soup Co.
Danone SA
Del Monte Pacific Ltd
Fonterra Cooperative Group Ltd
General Mills Inc
Hildur Functional Foods Pvt. Ltd
Kellogg Co
Keurig Dr Pepper Inc
Nestle SA
Otsuka Holdings Co. Ltd
PepsiCo Inc
Suntory Holdings Ltd
T.C. Pharmaceutical Industries Co. Ltd
The Coca Cola Co.
The Kraft Heinz Co.
Tyson Foods Inc
Unilever PLC
Zbiotics Inc

CHAPTER 13: SOURCES AND RESEARCH METHODOLOGY

13.1 Primary and Secondary Sources
13.2 Research Methodology
13.3 Data Triangulation and Validation
13.4 Assumptions and Limitations
13.5 Forecast Methodology
Appendix
A: Highlights of the Q4-2024 Version
B: Conclusion and Future Recommendations
C: Customization Options
D: Contact Information

LIST OF FIGURES

Figure 1: Country Analysis: Largest Market Share (%)- 2024 vs. 2032
Figure 2: GDP (Current Prices) Outlook by Country, 2010- 2032
Figure 3: Population Outlook by Country, 2010- 2032
Figure 4: Inflation Outlook by Country (%), 2024- 2032
Figure 5: Global Functional Foods and Beverages Market Outlook by Type, 2021- 2032
Figure 6: Global Functional Foods and Beverages Market Outlook by Application, 2021- 2032
Figure 7: Global Functional Foods and Beverages Market Outlook by Region, 2021- 2032
Figure 8: North America Functional Foods and Beverages Market Snapshot, Q4-2024
Figure 9: North America Functional Foods and Beverages Market Size Forecast by Type, 2021- 2032
Figure 10: North America Functional Foods and Beverages Market Size Forecast by Application, 2021- 2032
Figure 11: North America Functional Foods and Beverages Market Share by Country, 2023
Figure 12: Europe Functional Foods and Beverages Market Snapshot, Q4-2024
Figure 13: Europe Functional Foods and Beverages Market Size Forecast by Type, 2021- 2032
Figure 14: Europe Functional Foods and Beverages Market Size Forecast by Application, 2021- 2032
Figure 15: Europe Functional Foods and Beverages Market Share by Country, 2023
Figure 16: Asia Pacific Functional Foods and Beverages Market Snapshot, Q4-2024
Figure 17: Asia Pacific Functional Foods and Beverages Market Size Forecast by Type, 2021- 2032
Figure 18: Asia Pacific Functional Foods and Beverages Market Size Forecast by Application, 2021- 2032
Figure 19: Asia Pacific Functional Foods and Beverages Market Share by Country, 2023
Figure 20: South America Functional Foods and Beverages Market Snapshot, Q4-2024
Figure 21: South America Functional Foods and Beverages Market Size Forecast by Type, 2021- 2032
Figure 22: South America Functional Foods and Beverages Market Size Forecast by Application, 2021- 2032
Figure 23: South America Functional Foods and Beverages Market Share by Country, 2023
Figure 24: Middle East and Africa Functional Foods and Beverages Market Snapshot, Q4-2024
Figure 25: Middle East and Africa Functional Foods and Beverages Market Size Forecast by Type, 2021- 2032
Figure 26: Middle East and Africa Functional Foods and Beverages Market Size Forecast by Application, 2021- 2032
Figure 27: Middle East and Africa Functional Foods and Beverages Market Share by Country, 2023
Figure 28: United States Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 29: Canada Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 30: Mexico Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 31: Germany Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 32: France Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 33: United Kingdom Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 34: Spain Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 35: Italy Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 36: Russia Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 37: Rest of Europe Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 38: China Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 39: India Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 40: Japan Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 41: South Korea Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 42: Australia Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 43: South East Asia Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 44: Rest of APAC Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 45: Brazil Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 46: Argentina Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 47: Rest of LATAM Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 48: Saudi Arabia Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 49: UAE Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 50: South Africa Functional Foods and Beverages Market Size Outlook, $ Million, 2021- 2032
Figure 51: Research Methodology
Figure 52: Forecast Methodology

LIST OF TABLES

Table 1: Market Scope and Segmentation
Table 2: Global Functional Foods and Beverages Market Size Outlook, $Million, 2021 to 2032
Table 3: Low Case Scenario Forecasts
Table 4: Reference Case Scenario Forecasts
Table 5: High Growth Scenario Forecasts
Table 6: Global Functional Foods and Beverages Market Size Outlook by Segments, 2021- 2032
Table 7: Global Functional Foods and Beverages Market Size Outlook by Region, 2021- 2032
Table 8: Country Mapping, 2023 vs. 2032
Table 9: North America- Functional Foods and Beverages Market Outlook by Type, 2021- 2032
Table 10: North America- Functional Foods and Beverages Market Outlook by Country, 2021- 2032
Table 11: Europe - Functional Foods and Beverages Market Outlook by Type, 2021- 2032
Table 12: Europe - Functional Foods and Beverages Market Outlook by Country, 2021- 2032
Table 13: Asia Pacific - Functional Foods and Beverages Market Outlook by Type, 2021- 2032
Table 14: Asia Pacific - Functional Foods and Beverages Market Outlook by Country, 2021- 2032
Table 15: South America- Functional Foods and Beverages Market Outlook by Type, 2021- 2032
Table 16: South America- Functional Foods and Beverages Market Outlook by Country, 2021- 2032
Table 17: Middle East and Africa - Functional Foods and Beverages Market Outlook by Type, 2021- 2032
Table 18: Middle East and Africa - Functional Foods and Beverages Market Outlook by Country, 2021- 2032
Table 19: Business Snapshots of Leading Functional Foods and Beverages Companies
Table 20: Product Profiles of Leading Functional Foods and Beverages Companies
Table 21: SWOT Profiles of Leading Functional Foods and Beverages Companies


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