Global Natural Functional Food Market Overview:
In today’s time, consumers have become more health conscious and increasingly looking for functional food & beverages that offer additional nutrients and benefits. The increasing incidence of lifestyle-related illnesses, along with a heightened awareness of the significance of nutrition for overall health, is leading consumers to actively pursue functional foods that cater to diverse health objectives. Moreover, the rise in the elderly demographic in specific countries is intensifying the demand for products that tackle age-associated health issues, especially in domains such as digestive health and chronic diseases. In addition, the surging interest in vegan diets among consumers is further driving the need for functional foods abundant in plant-based nutrients and proteins, underscoring a transition towards healthier and more sustainable dietary practices.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emerging trend of Veganism and Inclination Towards Plant-Based Foods and Rising Popularity of Probiotic and Prebiotic Foods
Market Growth Drivers:
Growing Awareness About Self-Care to Prevent Lifestyle Diseases and Increasing Demand for Low-Fat and Low-Calorie Food Among Consumers
Challenges:
Availability of a Large Number of Players in the Global Market is Expected to Create Stiff Competition
Restraints:
Strict Regulations and Approval For Functional Products
Opportunities:
Increasing Demand for Natural Functional Food in Ageing Population Region and Adoption of Online Platforms to Sell Products and Reach Wide Targeted Audiences
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Some of the key players profiled in the report are General Mills, Inc. (United States), Abbott Laboratories (United States), Nestlé S.A (Switzerland), Kellanova (United States), Danone SA (France), Kraft Heinz Company (United States), GSK plc (United Kingdom), ITC Ltd (India), Arla Foods Group (Denmark), Royal FrieslandCampina N.V. (Netherlands), Orkla ASA (Norway) and Amway Corporation (United States). Analyst at AMA Research see United States & European Vendors to retain maximum share of Global Natural Functional Food market by 2030. Considering Market by Ingredients, the sub-segment i.e. Vitamins will boost the Natural Functional Food market. Considering Market by Sales Channel, the sub-segment i.e. Online Retail will boost the Natural Functional Food market. Considering Market by Age Group, the sub-segment i.e. Children will boost the Natural Functional Food market.
What Can be Explored with the Natural Functional Food Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Natural Functional Food Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Natural Functional Food
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Natural 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 Natural 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 New Entrants/Investors, Analysts and Strategic Business Planners, Food & Beverage Manufacturers, Nutraceutical & Pharmaceutical Companies, Suppliers & Distributors, Raw Material/ Ingredient Providers, Government Regulatory Bodies, Research Organizations and Others.
This helps us to gather the data related to 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, USPTO, EPO, Annual reports, press releases etc.