Functional Food and Nutraceuticals Market

“Global Functional Food and Nutraceuticals Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global Functional Food and Nutraceuticals market. Functional food is consumed by the masses to improve their health. It is formulated to offer physiological benefits and reduce the risks of chronic diseases beyond essential nutritional functions. It is similar in appearance to conventional food and is consumed as part of a regular diet. On the other hand, nutraceuticals refer to nutritional pharmaceuticals that have physiological benefits and provide protection against chronic diseases. It can be consumed regularly to improve health, prevent chronic diseases, increase life expectancy and support the structure or function of the human body. Nowadays, nutraceuticals are gaining traction due to their potential nutritional, safety, and therapeutic effects. The main ingredients of functional food and nutraceuticals are antioxidants, carotenoids, fatty acids, minerals, and vitamins.

The global market is majorly driven by the rising interest in wellness through diet planning. Furthermore, the growing geriatric population and increasing healthcare costs are positively influencing the market across the globe. Apart from this, the rising demand for dietary supplements among consumers is catalyzing the product demand. Moreover, the growing emphasis on the importance of preventive healthcare among consumers is creating a positive outlook for the market. Additionally, the increasing demand for diet food and the shifting preference toward weight management solutions are propelling the sales of functional food and nutraceuticals worldwide. Other factors, including the growing awareness regarding nutraceuticals, changing lifestyle patterns of the masses, inflating disposable incomes, and the rising trend of food fortification with nutraceuticals, are also providing a boost to the market growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the functional food and nutraceuticals market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenarios from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the functional food and nutraceuticals market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the functional food and nutraceuticals market in detail for the latest trends, outlook, and opportunities. 

The report analyses the competitive structure of the functional food and nutraceuticals market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the functional food and nutraceuticals market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the functional food and nutraceuticals market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the functional food and nutraceuticals market industry. Furthermore, the value chain analysis of the functional food and nutraceuticals market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Key Segments and Highlights of the Global Functional Food and Nutraceuticals Market

• Historical and current scenario
• Trends and developments
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players         

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the Functional Food and Nutraceuticals Industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.