North America Functional Food Market By Application (Cardio Health, Sports Nutrition, Clinical Nutrition, Weight Management, and Others), By Product (Dairy Products; Meat, Fish & Eggs; Bakery & Cereals; Soy Products; Fats & Oils and Others), By Ingredient (Vitamins; Proteins & Amino Acids; Prebiotics & Dietary Fibers; Minerals; Probiotics and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The North America Functional Food Market would witness market growth of 7.8% CAGR during the forecast period (2021-2027). There are high content of protein and nutrients in functional food.
Moreover, functional food provides a broad range of outstanding health advantages. As normal diet does not provide the required nutrients and protein, individuals all around the world are highly consuming additional essential nutrients and protein. Probiotics ingredients are becoming highly popular in the functional food market due to the different kinds of advantages like it enhance mental health conditions, and decrease the complications of specific allergies and eczema. It is a feasible microbial dietary supplement that if included in proper quantities, positively affect human organism via their effects in the intestinal tract.
Some of the catalysts for the growth of the functional food market are increasing urbanized population, rising expenses on the health-related products and increasing chronic, cardiovascular, and obesity diseases. Functional food has omega 3 and fatty acids that assist in keeping up the ideal weight and regulate blood circulation in the body. Therefore, functional food is highly recommended by the health clubs and fitness centers.
Broad interest in some of the selected foods that might boost health has resulted in the development of the generic term functional food. The Food and Nutrition Board (FNB) of the National Academy of Sciences defines a functional food as one that includes potentially beneficial products such as any modified food or food ingredient that may offer a health advantage beyond that of the conventional nutrients it contains.
Health care in the United States is responsible for a significant portion of the GNP. Improper dietary habits are viewed by majority as result in a poor health and related health care costs. Dietary aspects are considered as becoming the key reasons of death of Americans, including coronary heart diseases and specific types of cancers. Therefore, functional foods are increasing becoming the important parts of the diet in among the citizens of this region.
The US market dominated the North America Sports Nutrition Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $13,998.3 million by 2027. The Canada market is experiencing a CAGR of 9.6% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 8.6% during (2021 - 2027).
Based on Application, the market is segmented into Cardio Health, Sports Nutrition, Clinical Nutrition, Weight Management, and Others. Based on Product, the market is segmented into Dairy Products; Meat, Fish & Eggs; Bakery & Cereals; Soy Products; Fats & Oils and Others. Based on Ingredient, the market is segmented into Vitamins; Proteins & Amino Acids; Prebiotics & Dietary Fibers; Minerals; Probiotics and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danone S.A., Glanbia PLC, Mars, Inc., Meiji Holdings Co., Ltd., Nestle S.A., Royal Frieslandcampina N.V., The Kraft Heinz Company, Hearthside Food Solutions LLC, Raisio PLC, and Sanitarium Health and Wellbeing Company.
Scope of the Study
Market Segments Covered in the Report:
- Cardio Health
- Sports Nutrition
- Clinical Nutrition
- Weight Management
- Dairy Products
- Meat, Fish & Eggs
- Bakery & Cereals
- Soy Products
- Fats & Oils
- Proteins & Amino Acids
- Prebiotics & Dietary Fibers
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Danone S.A.
- Glanbia PLC
- Mars, Inc.
- Meiji Holdings Co., Ltd.
- Nestle S.A.
- Royal Frieslandcampina N.V.
- The Kraft Heinz Company
- Hearthside Food Solutions LLC
- Raisio PLC
- Sanitarium Health and Wellbeing Company
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