Market Highlights: Health functional foods refer to food supplements containing nutrients, which have a nutritional or physiological effect whose purpose is to supplement the normal diet. They also promote optimal health and help reduce the risk of disease. Health functional foods come in tablets, capsules, powders, and others. They are being widely used for sports nutrition, weight management food, dietary supplements, among others application. The market study is being classified by Type (Tablets, Capsules, Powders and Others), by Application (Sports Nutrition, Weight Management Food, Dietary Supplements and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Health Functional Food are Nestle S.A. (Switzerland), Cargill Corp. (United States), Archer Daniels Midland (United States), Danone (France), Unilever (United Kingdom), Coca Cola (United States), Bunge Limited (United States), Barry Callebaut AG (Switzerland), Amway (United States) and Herbalife Nutrition (United States).
Major Market Development Highlights On 24 Apr 2019, British-Dutch consumer goods company Unilever has recently acquired OLLY Nutrition, strengthening both its Beauty & Personal Care and its Foods & Refreshment businesses. The move indicates that the transnational company is banking on the health and wellness trend and the popularity of supplements and functional foods among an increasingly health-seeking society. On 20 Nov 2018, Bunge North America, the North American operating arm of Bunge Limited, announced that it is adding lentil functional flour to its line of clean-label ingredients. This product is a protein-rich, functionally equivalent substitute for modified starches that can be listed as simply “lentil flour” in an ingredient statement.
Key Questions Answered in the Report What will the Health Functional Food Market size and the growth rate be in Future? What are the key factors driving the Health Functional Food Market? What are the key market trends and macro-economic impacting the growth of the Health Functional Food Market? What are the challenges to market growth? Who are the key vendors in the Health Functional Food Market? What are the market opportunities and threats faced by the vendors in the Health Functional Food Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Health Functional Food Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Health Functional Food market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Health Functional Food market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Health Functional Food Manufacturers, Health Functional Food Raw Material Suppliers, Health Functional Food Traders/Distributors, Health Functional Food Importer/Exporter, Regulatory & Government Bodies, End Users and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.