Health Functional Food Market Scope
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.
Research Analyst at AMA predicts that United States and Switzerland Players will contribute to the maximum growth of Global Health Functional Food market throughout the predicted period.
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Oriflame Holdings (Switzerland) and USANA Health Sciences (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Health Functional Food market by Type, Application and Region.
On the basis of geography, the market of Health Functional Food has been segmented into 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). If we see Market by Ingredients, the sub-segment i.e. Dietary Fibers will boost the Health Functional Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Health Functional Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
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.
In the United States, the 1990 Nutrition Labeling and Education Act authorized the Food and Drug Administration to develop regulations for the use of claims on health benefits on foods and dietary supplements, which are often communicated to the consumers through the label on the product, website, or advertising. Functional foods can be regulated as a portion of conventional food, a dietary supplement, a food for special dietary use, a medical food, or a drug and often these distinctions are based depending on the intended use and nature of the claims.
- Quick and Easy Ways to Ensure a Healthier Lifestyle Are In High Demand
- The Clean Label and Natural Food Movements Have Mainstreamed
- The Rising Health Conscious People Across the Globe
- Increasing Disposable Income among the People
- The Growing Marketing & Promotional Activities of the Health Functional Foods
- The Growing Health Care Expenditure among the Developing Regions
- Stringent Government Regulations
- To Prove Health Benefits Claims
Key Target Audience
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
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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