The Business Research Company’s latest report Functional Food Global Market Report 2020 covers Functional Food market drivers, Functional Food market trends, Functional Food market segments, Functional Food market growth rate, Functional Food market major players, and Functional Food market size. The report provides in-depth analysis of the impact of COVID-19 on the Functional Food industry, along with revised market numbers due to the effects of the coronavirus.
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Functional Food Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global functional food market is expected decline from $174.6 billion in 2019 and to $169.5 billion in 2020 at a compound annual growth rate (CAGR) of -2.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $209.9 billion in 2023 at CAGR of 7.4%.
The report covers the Functional Food market’s segments-
1) By Product Type: Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, Fats & Oils, Others.
2) By Ingredients: Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins, Others.
3) By Application: Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health, Others.
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