The global functional food and beverages market is anticipated to grow at a CAGR of 9.8% during the forecast period. Increasing obesity-related conditions such as heart disease, stroke, type-2 diabetes, and certain types of cancer causing preventable and premature death. According to the National Family Health Survey of 2021, there has been a rise in obesity among children under 5 years of age with 33 states and union territories registering a spike in the number of overweight children. The growing prevalence of obesity is a rising concern among the population which as a result is a growing demand for the functional food and beverages market during the forecast period. For instance, 39 million children under the age of 5 were overweight or obese in 2020. In addition, in Africa, the number of overweight children under 5 has increased by nearly 24% percent since 2000.
The market players are innovating new products which are feeding the customer’s requiremets. The growing prevalence of obesity across the globe is forcing players to launch obesity management products and solutions. Innovations and new product development in the functional food and beverages market for obesity are driving the growth of the market during the forecast period. For instance, in February 2022, Hydrosol and its partners expanded their product line to develop a new product that tackles children’s obesity. Together with sister companies SterVitamin and OlbrichArom, the company has developed concepts for making sugar-and fat-reduced dairy and deli products designed specifically for children.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Functional Food
- By Functional Beverages
- By Distribution Channel
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- including Arla Foods Amba, Danone S.A., Glanbia Plc, Nestle S.A., The Kraft Heinz Co., Tyson Foods, Inc., Unilever Plc, and others.
Functional Food and Beverages Market Report Segment
By Functional Food
- Cereals & Grains
- Dairy Products
- Bakery Products
- Fats & Oils
- Other Functional Foods
By Functional Beverages
- Energy Drinks
- Sports Drinks
- Dairy-Based Beverages
- Juices
- Others
By Distribution Channel
- Online
- Offline
By Application
- Sports Nutrition
- Weight Management
- Clinical Nutrition
- Cardio Health
- Others
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Functional Food and Beverages Market Report Segment by Region
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ACM Food Co., Ltd.
- Arla Foods Amba
- Celsius Holdings Inc.
- Chr Hansen Holding A/S
- Danone S.A.
- General Mills, Inc.
- Glanbia Plc
- Hearthside Food Solutions LLC
- Mars Inc.
- Meiji Holdings Co. Ltd.
- Nestle S.A.
- PepsiCo Inc.
- Raisio Plc
- Royal FrieslandCampina N.V.
- Sanitarium Health Food Co.
- The Coca-Cola Co.
- The Hain Celestial Group, Inc.
- The Kraft Heinz Co.
- Tyson Foods, Inc.
- Unilever Plc
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