Global Functional Food and Nutraceuticals Market 2014-2020: Benefits, Origin & Ingredients - Analysis of the $168 Billion Industry

News provided by

Feb 18, 2015, 06:52 ET

DUBLIN, Feb .18, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/33gvv3/global_functional) has announced the addition of the "Global Functional Food and Nutraceuticals Market (2014 - 2020) - By Type (Foods, Beverages, Supplements); Benefits (Health and Wellness, Disease Prevention, Fitness, Beauty); Origin & Ingredient" report to their offering.

The global functional food market revenue for the year 2013 to be around $168 billion. With an annual average growth rate of about 8.5% the global market for functional food is forecast to exceed $305.4 billion by 2020. The growth in the functional food market can be attributed to the current trend for opting out to be preventive rather than reactive on health issues. Apart from that, the hectic life schedule and ageing population are also promoting the human dependency on the functional or nutraceutical foods for meeting nutrition requirements daily.

Functional Food remains to be an ambiguous term till today due to lack of any authoritative definition over it. Every country has defined this term according to its needs. Basically any food providing additional health benefits beyond the conventional food is termed as functional food. Japan was the first country to coin this term. Sometimes it is also called as Nutraceutical or Health Food. The recent trend of functional food includes dietary supplements containing vitamins, minerals, herbs; which are not recommended by medical practitioners

Key Highlights

- Hershey Co. Bought 80% stake in Shanghai Golden Monkey Group Co. Ltd. For $584 million.
- Hormel Foods Corporation bought Unilever's Skippy for $700 million.
- Plant Stanols and Sterols become the latest research topic for functional food components.
- Due to comparatively low costs people are opting for functional foods rather than costly healthcare.
- The expected average annual growth rate for functional food market is 8.5% globally.
- Although Japan's functional food market dominates at global level but the market for healthy snacks was much bigger in USA.
- The latest enriching ingredient used in fortified food is antioxidant that will fuel the global functional food industry.
- Anheuser-Busch InBev acquired Grupo Model SAB for $20.1 billion.

Key Topics Covered:

1. Functional Food and Nutraceuticals - Market Overview

2. Executive Summary

3. Functional Food and Nutraceuticals - Market Landscape

4. Functional Food and Nutraceuticals - Market Forces

5. Functional Food and Nutraceuticals - Strategic Analysis

6. Functional Food and Nutraceuticals - Classification

7. Functional Food and Nutraceuticals Market-Geographic Analysis

8. Market Entropy

9. Company Profiles (Overview, Financials, SWOT Analysis - Top 5 Companies, Developments, Product Portfolios)