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Sunday, October 22, 2017

Functional Foods Market Trends and Forecasts to 2020

Credit: Grand View Research
Grand View Research

Grand View Research has announced the addition of "Global Functional Foods Market Analysis And Forecasts To 2020" Market Research report to their Database

Global functional foods market is expected to witness high growth owing to surge in demand for nutritional food supplements and energy drinks. The market has been experiencing high demand for food ingredients with added nutritional value and improved vitamin content and packaged food & beverages with longer shelf life. Rising health consciousness and disease prevalence owing to nutritional deficiency is expected to have a positive impact on functional foods market growth over the next six years. Specialty ingredients and emerging health oriented market coupled shifting interest towards protein consumption are key opportunities for the functional foods market. High price of synthetic dietary supplements along with increased incidences of side-effects has led to shifting consumer preference towards natural functional foods. The market is expected to witness surging demand from digestive health & heart health food products on account of increasing health consciousness and changing lifestyle.

In terms of regional consumption patterns, North America was the largest market for functional foods with majority of the demand centered towards the U.S. U.S. alone accounted for over 30% of the global market demand in 2013. North America is estimated to continue its dominance in global market on account of favorable regulatory scenario for natural food supplements and other confectionery products by FDA and USDA. Asia Pacific functional foods market is estimated to witness above average growth rates over the forecast period. High demand for nutritional food supplements coupled with increasing disposable income among average consumers is expected to drive functional foods market growth in this region. Future demand is expected to come from countries such as U.S., China, Japan, Australia, India, Malaysia and France.

View Functional Foods Market Report with TOC @ http://www.grandviewresearch.com/industry-analysis/functional-food-market

Global functional foods market is characterized by constant product development in terms of higher nutritional value and unique formula claims by top players operating in the market. Major companies have now shifted their focus towards organic functional foods. Companies including Ceres Organics have developed several organic nutritional supplements based on linseed, sunflower seeds and almond. Major companies involved in this market include Kraft Food, Kellogg’s, Heinz, Unilever and Nestle.

About Us: Grand View Research, Inc produces customized research studies by identifying the exact nature of our clients’ requirements and how their organizations work. We understand the need to deliver solutions that tackle the unique issues faced by companies and industry leaders. Through our customized reports, it is our mission to help clients gain a competitive advantage by mapping their needs into actionable solutions.We provides strategic objective insights. For more information, visit Grand View Research



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Andrew Smith is a writer for BrooWaha. For more information, visit the writer's website.
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