PUBLISHER: TechNavio | PRODUCT CODE: 1660768
PUBLISHER: TechNavio | PRODUCT CODE: 1660768
The functional foods and beverages market is forecasted to grow by USD 158.7 billion during 2024-2029, accelerating at a CAGR of 7.8% during the forecast period. The report on the functional foods and beverages market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by product innovations, rising demand for new varieties of functional foods, and increasing interest and awareness among different age groups.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 7.1% |
CAGR | 7.8% |
Incremental Value | $158.7 bn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's functional foods and beverages market is segmented as below:
By Product
By Distribution Channel
By Type
By Application
By Geographical Landscape
This study identifies the rising awareness of health benefits of functional foods and beverages as one of the prime reasons driving the functional foods and beverages market growth during the next few years. Also, increasing use of natural ingredients and botanicals in functional drinks and increasing demand for organic juices will lead to sizable demand in the market.
The report on the functional foods and beverages market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading functional foods and beverages market vendors that include Archer Daniels Midland Co., Arla Foods amba, Campbell Soup Co., Danone SA, Del Monte Pacific Ltd., Fonterra Cooperative Group Ltd., General Mills Inc., Hildur Functional Foods Pvt. Ltd., Kellogg Co., Keurig DR Pepper Inc., Nestle SA, Otsuka Holdings Co. Ltd., PepsiCo Inc., Suntory Beverage and Food Ltd., T.C. Pharmaceutical Industries Co. Ltd., The Coca Cola Co., The Kraft Heinz Co., Tyson Foods Inc., Unilever PLC, and Zbiotics Inc.. Also, the functional foods and beverages market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.