Asia Pacific Functional Food Market, By Source, By Ingredient, By Application, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2025
NEW YORK, April 3, 2020 /PRNewswire/ -- Asia Pacific Functional Food Market, By Source ( Plant & Animal), By Ingredient (Carotenoids, Dietary Fibres, Fatty Acids (Omega-3 fatty acids), Prebiotics & Probiotics, Minerals, Vitamins and Others), By Application (Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health and others, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2025
Read the full report: https://www.reportlinker.com/p05879452/?utm_source=PRN
Asia Pacific functional food market is projected to increase from $ 51 billion in 2019 to $ 71 billion in 2025 on account of rising number of product innovations by the major players, increasing disposable income, growing risk of various chronic diseases and better product availability through multiple channels.Functional foods are the foods that provide functional health benefits beyond their basic nutritional benefits.
Ingredients used in functional food include Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins and Others. Functional food is often used for Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health and other activities.
Asia Pacific functional food market is segmented based on Source, Ingredient, Application, Distribution Channel and Country.Based on the distribution channel, the market is bifurcated into Store-based and Non-store based.
Until 2019, the store distribution channel segment dominated the Asia Pacific functional food market and the trend is anticipated to continue over the next five years.
Major players operating in Asia Pacific functional food market include Nestle, PepsiCo Inc, Yakult Honsha Co Ltd, BASF SE, MEIJI Holdings Co Ltd, The Coca-Cola Company, GlaxoSmithKline Company, General Mills, Inc, Kellogg Company and Agro Tech Foods Ltd and others.Major companies are launching new products to stay competitive in the market.
Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
• To analyze and forecast the market size of the Asia Pacific Functional Food market.
• To classify and forecast Asia Pacific Functional Food market based on the product, end-user, distribution channel, company and regional distribution.
• To identify drivers and challenges for the Asia Pacific Functional Food market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Asia Pacific Functional Food market.
• To conduct a pricing analysis for the Asia Pacific Functional Food market.
• To identify and analyze the profile of leading players operating in the Asia Pacific Functional Food market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of functional food manufacturers operating across APAC.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of Asia Pacific Functional Food market by using a bottom-up approach, wherein data for various end-user segments were recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Functional food manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policymakers
• Organizations, forums and alliances related to functional food
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, the Asia Pacific functional food market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• Market, By Source:
o Plants
o Animals
• Market, By Ingredient:
o Prebiotics & Probiotics
o Dietary Fibres
o Minerals
o Fatty Acids (Omega-3 fatty acids)
o Carotenoids
o Vitamins
o Others (Amino Acids, speciality carbohydrates, phytochemicals, hydrocolloid, Essential Oils, Soy Protein etc.)
• Market, By Application:
o Cardio Health
o Immunity
o Digestive Health
o Sports Nutrition
o Weight Management
o Clinical Nutrition
o Others (Every wellness, Liver Health Supplements etc)
• Market, By Country:
o Japan
o China
o Australia
o Taiwan
o Thailand
o India
o Indonesia
o South Korea
o Singapore
o Malaysia
o Rest of APAC
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Asia Pacific Functional Food market.
Available Customizations:
With the given market data, we offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p05879452/?utm_source=PRN
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