Functional foods are foods that
contain biologically active components that present the potential of improved
health and help to decrease the risk of disease. Global Functional Food Product
Market is expected to grow at a significant CAGR in the upcoming years as the
scope and its applications are increasing across the globe. The factors that
propel the growth of the Functional Food Product Market include increasing
demand, geriatric population, rapid urbanization & industrialization,
advanced technologies, and product development & innovation. Some of the
other factors such as changing standard of living, changing dietary patterns, and
rise in disposable income also fuel the market growth.
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Functional Food Product Market
is classified on applications as cereals and bakery, dairy products, eggs,
fish, fats, soy products, meat, oils and others. The others segment includes
nutritional bars, beverages and variety of snacks. Functional Food Product
Market is classified on end users as clinical nutrition, digestive health,
sports, immunity, weight management and cardiovascular health. Functional Food
Product Market is segmented by distribution channel as online stores, specialty
stores and others.
On the other hand, there are
also factors that may hamper the growth of the market such as high cost of
products. Functional Food Product Market is classified on the basis of product
type, applications, end users, distribution channel and geography. Functional
Food Product Market is segmented by product type as carotenoids, dietary
fibers, fatty acids, probiotics and prebiotics, minerals, vitamins, and others.
The others segment includes antioxidants, enzymes, and phytochemicals.
Functional Food Product Market
is classified on the basis of geography as North America, Latin America,
Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada. Latin America
region consists of Mexico and Brazil. The Western European region consists of
Germany, Italy, France, England and Spain. The Eastern European region consists
of Poland and Russia. Asia Pacific region consists of China, India, ASEAN,
Australia & New Zealand. The Middle East and African region consists of
GCC, South Africa and North Africa.
By geography, North American
region is projected to account a major share of the Functional Food Product
Market. On the other hand, Asia Pacific is expected to show fast growth rates
in the Functional Food Product Market. The key factors that attribute to the
growth of this region is due to rapid urbanization, increasing demand, rise in
disposable income and awareness among people.
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