Functional Food Industry Statistics

In this post, we will explore key statistics and trends shaping the functional food industry, providing valuable insights into market size, projections, regional dominance, product segments, distribution channels, and consumer preferences. From the market value in 2019 to growth projections for 2026, we delve into various aspects of this dynamic industry to understand its current landscape and future prospects.

Statistic 1

"Functional food market size was valued at USD 177.73 billion in 2019."

Statistic 2

"The global functional food market is projected to reach $412.22 billion by 2026."

Statistic 3

"The dairy products segment was the highest contributor to the functional food market, with $68.67 billion in 2019, and is estimated to reach $134.06 billion by 2026."

Statistic 4

"The Asia-Pacific region dominated the market in 2019, contributing nearly two-fifths of the global market."

Statistic 5

"In terms of distribution channels, supermarkets/hypermarkets accounted for 48% of the global market in 2019."

Statistic 6

"The Bakery products segment is projected to grow at a CAGR of 7.6% during 2021-2026."

Statistic 7

"The US functional foods market was valued at about $63 billion in 2018."

Statistic 8

"General health and wellness is the leading health position for functional foods and drinks, representing 45% of all launches in 2020."

Statistic 9

"Based on age group, the millennial segment was the most prominent segment in 2019, accounting for more than one-third of the global functional food market share."

Statistic 10

"The global functional beverages market size was valued at USD 98.06 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.0% from 2021 to 2027."

Statistic 11

"Probiotics and digestive health-related food products had a market share of 46.5% and are likely to maintain their dominance over the period from 2018 to 2025."

Statistic 12

"Sports nutrition shakes/powder accounted for 25% of total sales of functional beverages in the US in 2019."

Statistic 13

"Vitamins claim as a functional component in food were made in 55% of new food and beverage launches in Japan in 2018."

Statistic 14

"The Energy Bars segment is expected to have the highest CAGR of 8.92% during 2021-2026."

Statistic 15

"The demand for functional food is increasing in developing countries like China and India due to the increasing middle-class population."

Statistic 16

"The UK functional foods industry generated £415 million in sales in 2017."

In conclusion, the functional food industry is experiencing significant growth and market expansion worldwide. Key trends include the rise of dairy products and bakery items in the market, with the Asia-Pacific region emerging as a major player. Distribution through supermarkets/hypermarkets remains dominant, while specific segments like sports nutrition shakes and energy bars are showing promising growth trajectories. Probiotics and vitamins are key functional components driving innovation, particularly targeting the health and wellness needs of millennials. The industry is poised for further development in the coming years, especially in emerging markets like China and India, indicating a strong demand for functional foods on a global scale.