DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/m9qvsw/global_functional) has announced the addition of the "Global Functional Food and Nutraceuticals Market (2013 - 2018)" report to their offering.
The global functional food market revenue for the year 2013 was approximately $175 billion. With an annual average growth rate of 15% of the global market for functional food, and is thought to exceed $230 billion by 2015.
The term Functional Food was first used in Japan in 1980s where it is also known as Foods for Specified Health Use (FOSHU). However the use of this term is legitimate for any food that promotes human health beyond basic nutrition. Therefore the functional food category includes fortified food, enhanced food, enriched food, dietary supplements and health food.
There is another term associated with Functional Food called Nutraceuticals. Nutraceutical is defined as a product isolated from food generally sold in medicinal forms. But their effect on health and physiology has made it synonymous with functional food. However, according to Food and Drug Administration in the USA, dietary supplements that are not recommended by medical practitioners AND are to be considered as functional food.
Major factors contributing to the growth of functional food are: complex lifestyle, quick fix tendency for health issues, lack of physical activities, rising healthcare costs, increasing health consciousness, having a preventive stance rather than reactive for health problems, ease of consumption and rise in aging population.
Today almost every food consumed beyond conventional food comes under the category of functional food. It has its presence in almost every type of food that human being consume right form cereals, grains, nuts, vegetables, fruits, dairy products, poultry products, sea food and confectionery items to non-alcoholic beverages.
The energy drinks and healthy snacks are also one of the fastest growing sectors in the functional food industry. It is estimated that the sales revenue for healthy snacks in USA was about $30 billion for the year 2013.
Scope
By Types
- Whole Food
- Fortified Food
- Dietary Supplements
Products
- Energy Drinks
- Healthy Snacks
- Fortified Dairy Products
- Enhanced Cereals & Grains
Components
- Vitamins
- Minerals
- Fibers
- Antioxidants
- Herbs
Key Topics Covered:
- Market Overview
- Executive Summary
- Market Landscape
- Market Forces
- Strategic Analysis
- Analysis by Food Type
- Dietary Supplements Analysis
- Functional Components and Source Analysis
- End Consumer Analysis
- Geographic Analysis
- Market Entropy
- Company Profiles (Overview, Financials, SWOT Analysis - Top 5 Companies, Developments, Product Portfolio)
- Activia Drinks
- Anheuser-Busch InBev
- Arla Foods
- Cargill Inc.
- Coca Cola Co.
- Dean Foods
- Del Monte Foods
- Dr. Pepper Snapple Group Inc.
- General Mills Inc.
- GlaxoSmithKline Co.
- Groupe Danone
- Groupe Lactalis
- Heinz Co.
- Hershey Co.
- Hormel Food Corporation
- Kellogg Co.
- Kraft Foods
- Mars Inc.
- McCain Foods Ltd.
- Meiji Group
- Mondelez International, Inc.
- Nestle S.A.
- Odwalla Inc.
- Ostuka Pharmaceutical Co.
- Pepsi Co.
- Red Bull GmbH
- Saputo Inc.
- Unilever
- Yakult Honsha Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/m9qvsw/global_functional
