SAN FRANCISCO, May 13, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Functional Foods and Drinks - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 15; Released: May 2021
Executive Engagements: 32744
Companies: 351– Players covered include Abbott Nutrition; ABF Ingredients, Ltd.; Amway Corporation; Archer Daniels Midland Company; Arla Foods amba; BASF SE; Ceapro, Inc.; Celsius Holdings, Inc.; Coca-Cola Co.; Monster Beverage Corporation; CytoSport, Inc.; Daflorn Ltd.; Dali Foods Group Co., Ltd.; Danone SA; Del Monte Pacific Limited; Keurig Dr Pepper; General Mills, Inc.; Glanbia Plc; Glanbia Nutritionals Limited; MaxiNutrition; GNC Holdings, Inc.; Hangzhou Wahaha Group Co., Ltd.; Herbalife International, Inc.; Kellogg Company; Meiji Holdings Co., Ltd.; Natural Products, Inc.; Nestlé S.A.; Otsuka Pharmaceutical Co., Ltd.; PepsiCo Inc.; The Quaker Oats Company, Inc.; Post Holdings, Inc.; Dymatize Enterprises, LLC; Rockstar Inc.; Royal FrieslandCampina N.V.; DMV International BV; Suntory Holdings Limited; TC Pharmaceutical Industries Co., Ltd.; The Hain Celestial Group, Inc.; Unilever plc; Valio Ltd.; Yakult Honsha Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Type (Beverages, Dairy Products, Cereals & Grains, Snacks, Other Types); Ingredient (Dietary Fibers, Vitamins, Minerals, Carotenoids, Fatty Acids, Prebiotics & Probiotics, Other Ingredients)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
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Global Functional Foods and Drinks Market to Reach $218.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Functional Foods and Drinks estimated at US$149.4 Billion in the year 2020, is projected to reach a revised size of US$218.2 Billion by 2026, growing at a CAGR of 6.3% over the analysis period. Beverages, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$83.2 Billion by the close of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dairy Products segment is readjusted to a revised 6.0% CAGR for the next 7-year period.
The U.S. Market is Estimated at $55.8 Billion in 2021, While China is Forecast to Reach $27.6 Billion by 2026
The Functional Foods and Drinks market in the U.S. is estimated at US$55.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$$27.6 Billion by the year 2026 trailing a CAGR of 10.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
Cereals & Grains Segment to Reach $48.1 Billion by 2026
In the global Cereals & Grains segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$29.6 Billion in the year 2020 will reach a projected size of US$42.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.5 Billion by the year 2026, while Latin America will expand at a 5.2% CAGR through the analysis period. More
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