About Functional Foods and Natural Health Products
Functional foods and natural health products come with an additional nutritional value offering various heath benefits. It includes fruits and veggies-based products along with ith fortified vitamins, minerals, probiotics, and fibers, etc. Natural health products are naturally obtained substances used to maintain health and provides essential nutrients like phytochemicals & plant extracts, prebiotics, fibers & specialty carbohydrates, omega-3 fatty acids and carotenoids, etc.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Mills, Inc. (United States), GFR Pharma (Canada), Herbalife Nutrition (United States), Cargill, Incorporated (United States), Kerry Group plc (Ireland), Bremner Foods Ltd., (Canada) and Eurofins Experchem Laboratories (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Functional Foods and Natural Health Products market by and Region.
On the basis of geography, the market of Functional Foods and Natural Health Products 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). North America region held largest market share in the year 2023. If we see Market by Natural Health Products, the sub-segment i.e. Probiotics will boost the Functional Foods and Natural Health Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Capsules will boost the Functional Foods and Natural Health Products 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. Offline will boost the Functional Foods and Natural Health Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Functional Food Products, the sub-segment i.e. Pulses-based Products will boost the Functional Foods and Natural Health Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Consumption of Plant-based Functional Foods & Natural Health Products and Online Availability of Functional Foods and Natural Health Products
Market Growth Drivers:
Increasing Demand for the Nutritional Healthy Food PRoducts and Growing Awareness about the Fundamental and Natural Food Products
Challenges:
Presence of Functional Foods and Natural Health Products Producers with Low-Quality Ingredients used in the Market
Restraints:
Allergy and Side Effects Related Problems with the Consumption of Functional Foods and Natural Health Products to Some People
Opportunities:
Surging Product and Distribution of Functional Foods and Natural Health Products in Developing Nations
Market Leaders and their expansionary development strategies
On 6th November 2020, Kerry, the Taste & Nutrition company, has announced that it has reached an agreement to acquire the Canadian company, Bio-K Plus International. Bio-K Plus is a leading probiotic company with a range of clinically-supported probiotic beverage and supplement applications in the North American market and will expand Kerry’s capabilities and leadership position in the probiotics market.
On 27th January 2021, Herbalife Nutrition is extending its reach into the functional foods category with the launch of a baking mix that uses its Formula 1 shake powder as a primary ingredient. Herbalife is the world's second-largest multi-level marketing company and the largest devoted solely to the sale of nutritional products.
Key Target Audience
Functional Foods and Natural Health Products Manufacturers, Functional Foods and Natural Health Products International Traders, Functional Foods and Natural Health Products Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.