Industrial development of Functional foods

The global functional foods market size was valued at USD 161.49 billion in 2018. It is anticipated to register a CAGR of 7.9% during the forecast period. Increasing demand for nutritional and fortifying food additives is expected to drive the growth. Food and beverage manufacturers are deploying fortification of nutritional additives such as omega-3 fatty acids, fibers, vitamins, minerals, and others in their product offerings. The major motive of incorporating the aforementioned additives in food and beverage industry is to increase the nutritional content in food items. The useful food industry, containing of food, beverage and addition sectors, is one of the several areas of the food industry that is experiencing fast development in recent years. It is probable that the global market of functional food industry will reach 176.7 billion in 2013 with a compound annual growth rate (CAGR) of 7.4%. Exactly, the functional food sector will experience 6.9% CAGR, the supplement sector will rise by 3.8% and the functional beverage sector will be the fastest growing segment with 10.8% CAGR This kind of development is fueled not only by industrial innovation and growth of new products that satisfy the demand of health conscious consumers, but also by health claims covering a wide range of health issues.

 

  • Functional food sales growth
  • Functional foods of animal origin
  • Functional foods of plant origin
  • Functional foods nutraceuticals
  • Functional foods consumer
  • Functional foods probiotics fermented
  • Foods dietary supplements

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