Functional Foods and Drinks Market size was valued at US$ 285.15 Bn in 2021 and the total revenue is expected to grow at 6.98% through 2022 to 2029, reaching nearly US$ 489.21 Bn.
Functional Foods and Drinks Market Overview:
The study “Functional Foods and Drinks Market” aims to give cutting-edge market knowledge and assist decision-makers in making informed investment decisions. It also provides a detailed analysis of the global Functional Foods and Drinks Market by Product Type, End Users/Application, Key Manufacturers, and Several Key Regions.
Market Scope:
The study focuses on the report’s growth possibilities, restrictions, and market analysis. The study uses Porter’s five forces analysis of the Functional Foods and Drinks industry to evaluate the influence of different factors such as supplier bargaining power, competitors, and competitive intensity
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Segmentation:
Many food safety laws and the restricted health benefits of functional foods compared to the number of benefits claimed by the vendors are some of the factors hampers the growth of the functional foods and drink market. Under the food safety act 1990, a food business must not sell food that is not what the customer is entitled to expect in terms of content; also, a food business must not cause food to be dangerous to health. In addition, economic issues hindered the growth of this market. The high prices of many products restrict their adoption. Problems associated with product convenience, plus claims of a scarcity of nutrients derived from a spread of functional foods, hamper the growth of the functional foods business.
Key Players:
• The Coca-Cola Company
• Celsius Holdings, Inc.
• PepsiCo, Inc.
• Glanbia Plc
• Nestle S.A.
• Arla Foods amba
• Hearthside Food Solutions LLC
• Tyson Foods, Inc.
• General Mills, Inc.
• Danone S.A.
• Kirin Holdings
• Dean Foods
• Mars Inc.
• BNL Food Group
• Kraft Foods Inc.
The research offers a competitive landscape based on a thorough examination of the important strategic advancements implemented by the top market participants in the Functional Foods and Drinks sector throughout time. The main players in the worldwide Functional Foods and Drinks market are as follows:
Regional Analysis:
The report has assessed the global Functional Foods and Drinks market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
The study includes in-depth insights into multiple development possibilities and difficulties in the aforementioned regions, depending on various types of commodities, applications, end-users, and nations, among others. The study also contains essential aspects of the global Functional Foods and Drinks market, such as sales growth, product pricing and analysis, growth potential, and recommendations for addressing market difficulties in the provided areas.
COVID-19 Impact Analysis on Functional Foods and Drinks Market:
The worldwide effects of the coronavirus outbreak are already being seen and will have a considerable influence on the Functional Foods and Drinks market. The COVID-19 outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor/outdoor events; a state of emergency declared in over thirty countries; a massive slowdown of the supply chain; stock market; falling businesses, growing panic among the people, and uncertainty about the future.
Key Questions Answered in the Functional Foods and Drinks Market Report are:
- How is the competitive scenario of the Functional Foods and Drinks market?
- Which are the key factors affecting the Functional Foods and Drinks market growth?
- Which region holds the maximum share in the Functional Foods and Drinks market?
- What will be the CAGR of the Functional Foods and Drinks market during the forecast period (2021-2027)?
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