Functional Foods and Beverages: Global Markets

Report Highlights

The global market for functional food and beverages should grow from $216.4 billion in 2022 to $324.4 billion by 2027 with a compound annual growth rate (CAGR) of 8.4% for the period of 2022-2027.

Report Includes

• 275 data tables and 30 additional tables
• An overview of the global market for functional foods and beverages within the industry
• Estimation of the market size and analyses of global market trends, with data from 2021, estimates for 2022 and projections of compound annual growth rates (CAGRs) through 2027
• Identification and analysis of the global functional foods and beverages market based on key product segments such as functional foods and functional beverages
• Estimation of the actual market size and revenue forecasts for the functional foods and beverages market, and corresponding market share analysis on the basis of product types, sources, types of ingredients, functions and key geographical regions
• Impact of the COVID-19 pandemic on the growth of functional foods and beverages market vs. the overall global economy
• Information on international regulations of functional food and beverage products such as Codex Alimentarius (Food Code) and FOSHU labelling regulation and classification of functional foods for regulatory purposes
• Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies and a relevant patent analysis
• Discussion on company profiles of the important players in the functional foods and beverages industry, including Chr. Hansen Inc., Hain Celestial Group, Kraft Foods, Nestle, PepsiCo Inc., and Unilever

Report Scope

This report studies the global market for functional food and beverages using 2020 as a base year and providing estimates for each year of the forecast period, 2022-2027, with projections for CAGR. The scope of this report is broad and covers global markets for functional food and beverages. The market is broken down by product type, source, ingredient, function, and region. Projected and forecasted market size estimates are in constant U.S. dollars that have not been adjusted for inflation.

This report provides market insights into the global functional food and beverages market, with specific focus on the U.S., Europe and India and the top ingredients in those countries. It provides an array of information, including market size, expected growth rates, market drivers, restraints and other trends and developments in the market. This market report organizes information from diverse sources into a cohesive unit that includes a comparison of premium versus mass functional products, the functional food and beverages value chain and the evolution of functional food and beverages. Regulations are also covered in the scope of this report.

This report should serve as an analytical and informational business tool with the primary purpose of examining growth in the overall functional food and beverages market, growth in the individual segments of the functional food and beverages industry, subcategories within those segments, new developments in the market, current research and future opportunities in the functional food and beverages industry.

Beyond this, each segment and subsegment of functional food and beverages is examined. Growth rates and reasons for growth in each functional food and beverage segment are provided. This report examines the following segments:

Functional food subcategories:

• Bakery and confectionery.
• Cereal and flour.
• Dairy non-drinkable.
• Frozen fruit and vegetables.
• Meat and seafood.
• Sweet and savory snacks.
• Other functional food.

Functional beverage subcategories:

• Dairy drinkable.
• Energy drinks.
• Fruit and vegetable juices.
• Prebiotic and probiotic drinks.
• Tea and coffee.
• Other functional beverages: dairy drinkable, energy drinks, fruit and vegetable juices, prebiotic and probiotic drinks, tea and coffee and more.

The report also analyzes the global functional food and beverages market in terms of source, ingredient, function, and region. The sources covered are plant-based, animal-based and microbe-based. The ingredients covered are amino acids, carotenoids, dietary fibers, fatty acids, phytochemicals, vitamins and minerals and other ingredients. The functions covered are gut and digestive health, cardiac health, cognitive health, general wellness and immunity, weight management and other functions. The regional markets covered are North America, Europe, Asia Pacific, South America and the Middle East and Africa.

This report also includes a discussion of the major players in each regional market for functional food and beverages. It explains the main market drivers of the global functional food and beverages market, current trends within the industry and the regional dynamics of the functional food and beverages market. The report concludes with detailed profiles of major global vendors in the functional food and beverages industry.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.