Global functional foods and natural health products market is set for a healthy 5.3% CAGR during the forecast period (2019-2029), as projected by a new report of Future Market Insights (FMI). Leading market players are investing in adoption of vegan and plant based foods, particularly in emerging economies to capitalize on the global market.
“One-third of the functional foods and natural health products manufacturers are engaged in producing innovative products that meet the standards for food-grade material. They will also increase their focus on technology enhancements,” states the FMI report.
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Functional Foods and Natural Health Products Market: Key Findings
- Pulse based functional foods and natural health products will remain highly preferred, with strong growth prospects through the forecast period.
- Manufacturers are likely to focus on product innovations to keep up with relevant trends in the industry.
- North America and APEJ will remain major markets displaying a steady rate of growth in the forecast period.
- Europe will remain at the forefront of the functional foods and natural health products market.
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Functional Foods and Natural Health Products Market: Key Driving Factors
- Rising consumer demand for healthy, natural foods is a key driver for the functional foods and natural health products market.
- Demand for protein-rich functional snacks are generating substantial profitable opportunities.
- Easier availability of raw materials and low production costs is driving growth in developing countries.
- Concerns over the rising incidences of lifestyle based ailments is a major driver for global demand for functional foods and natural health products.
Functional Foods and Natural Health Products Market – Key Restraint
- Lack of standardization in government regulations associated with functional foods and natural health products is a key restraint for global manufacturers.
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Functional Food and Natural Health Products Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by Future Market Insights on the Functional food and natural health products offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Functional food and natural health products along with their market presence analysis by region and product portfolio. Readers can find a comprehensive list of leading manufacturers in the Potato market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players and end users featured in the report are General Mills, GFR Pharma, Herballife, CargillI Inc., Amway, Bremner Foods Ltd., Eurofins Experchem Laboratories, Aroma Borealis, Omega Nutrition Canada, DPA Industries Inc. and others
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