The Asia Pacific Functional Food Market would witness market growth of 8.9% CAGR during the forecast period (2021-2027). In Asia, functional foods have been considered as a crucial aspect of some cultures since many years. However, the term functional food was not utilized formally. Amongst the Japanese and Chinese, for example, foods and medicine are regarded as highly essential in preventing and treating diseases as they originate from the same source and have similar uses.
It would be thus understandable to anticipate that the functionality of functional foods should be found in whole foods instead of their individual elements. Japan is the first country in the world to have the definition of functional foods, though the term is not utilized in its regulatory system. In the last some years, there has been a swift increment in the activities on the subject, particularly in the areas of research and development, regulatory discussions and on trade & marketing of functional foods.
Moreover, the global functional food market is expected to witness massive growth due to the positive landscape of food and beverage sector, specifically in India, and China. Increasing domestic consumption of food and beverages on account of the massive growth of retail network, unique product launches, and population growth would promote development across BRICS nations. In addition to it, the market growth is further driven by the governmental support for facilitating Foreign Direct Investments (FDI) at domestic level in BRICS due to the political change, specifically in India and China, focused at enhancing the manufacturing output would accelerate the growth.
The China market dominated the Asia Pacific Prebiotics & Dietary Fibers Market by Country 2020, thereby, achieving a market value of $6,031.7 million by 2027. The Japan market is showcasing a CAGR of 8.7% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 9.9% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Functional Food Market is Projected to reach USD 259.7 Billion by 2027, at a CAGR of 8.5%
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:
By Application
- Cardio Health
- Sports Nutrition
- Clinical Nutrition
- Weight Management
- Others
By Product
- Dairy Products
- Meat, Fish & Eggs
- Bakery & Cereals
- Soy Products
- Fats & Oils
- Others
By Ingredient
- Vitamins
- Proteins & Amino Acids
- Prebiotics & Dietary Fibers
- Minerals
- Probiotics
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Functional Food Market, by Application
1.4.2 Asia Pacific Functional Food Market, by Product
1.4.3 Asia Pacific Functional Food Market, by Ingredient
1.4.4 Asia Pacific Functional Food Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Acquisition and Mergers : 2017, Nov – 2021, May) Leading Players
Chapter 4. Asia Pacific Functional Food Market by Application
4.1 Asia Pacific Cardio Health Market by Country
4.2 Asia Pacific Sports Nutrition Market by Country
4.3 Asia Pacific Clinical Nutrition Market by Country
4.4 Asia Pacific Weight Management Market by Country
4.5 Asia Pacific Other Applications Market by Country
Chapter 5. Asia Pacific Functional Food Market by Product
5.1 Asia Pacific Dairy Products Market by Country
5.2 Asia Pacific Meat, Fish & Eggs Market by Country
5.3 Asia Pacific Bakery & Cereals Market by Country
5.4 Asia Pacific Soy Products Market by Country
5.5 Asia Pacific Fats & Oils Market by Country
5.6 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Functional Food Market by Ingredient
6.1 Asia Pacific Vitamins Market by Country
6.2 Asia Pacific Proteins & Amino Acids Market by Country
6.3 Asia Pacific Prebiotics & Dietary Fibers Market by Country
6.4 Asia Pacific Minerals Market by Country
6.5 Asia Pacific Probiotics Market by Country
6.6 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Functional Food Market by Country
7.1 China Functional Food Market
7.1.1 China Functional Food Market by Application
7.1.2 China Functional Food Market by Product
7.1.3 China Functional Food Market by Ingredient
7.2 Japan Functional Food Market
7.2.1 Japan Functional Food Market by Application
7.2.2 Japan Functional Food Market by Product
7.2.3 Japan Functional Food Market by Ingredient
7.3 India Functional Food Market
7.3.1 India Functional Food Market by Application
7.3.2 India Functional Food Market by Product
7.3.3 India Functional Food Market by Ingredient
7.4 South Korea Functional Food Market
7.4.1 South Korea Functional Food Market by Application
7.4.2 South Korea Functional Food Market by Product
7.4.3 South Korea Functional Food Market by Ingredient
7.5 Singapore Functional Food Market
7.5.1 Singapore Functional Food Market by Application
7.5.2 Singapore Functional Food Market by Product
7.5.3 Singapore Functional Food Market by Ingredient
7.6 Malaysia Functional Food Market
7.6.1 Malaysia Functional Food Market by Application
7.6.2 Malaysia Functional Food Market by Product
7.6.3 Malaysia Functional Food Market by Ingredient
7.7 Rest of Asia Pacific Functional Food Market
7.7.1 Rest of Asia Pacific Functional Food Market by Application
7.7.2 Rest of Asia Pacific Functional Food Market by Product
7.7.3 Rest of Asia Pacific Functional Food Market by Ingredient
Chapter 8. Company Profiles
8.1 Danone S.A.
8.1.1 Company Overview
8.1.1 Financial Analysis
8.1.2 Segmental and Regional Analysis
8.1.3 Research & Development Expense
8.1.4 Recent strategies and developments:
8.1.4.1 Acquisition and Mergers:
8.2 Glanbia PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.5.2 Partnerships, Collaborations, and Agreements:
8.3 Mars, Inc.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Acquisition and Mergers:
8.4 Meiji Holdings Co., Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.5 Nestle S.A.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.5.5.2 Partnerships, Collaborations, and Agreements:
8.6 Royal Frieslandcampina N.V.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.6.5.2 Partnerships, Collaborations, and Agreements:
8.6.5.3 Product Launches and Product Expansions:
8.7 The Kraft Heinz Company
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.8 Hearthside Food Solutions LLC
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Acquisition and Mergers:
8.9 Raisio PLC
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Acquisition and Mergers:
8.9.2.2 Partnerships, Collaborations, and Agreements:
8.10. Sanitarium Health and Wellbeing Company
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.2.2 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Functional Food Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Functional Food Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Functional Food Market
TABLE 4 Product Launches And Product Expansions– Functional Food Market
TABLE 5 Acquisition and Mergers– Functional Food Market
TABLE 6 Asia Pacific Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 7 Asia Pacific Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 8 Asia Pacific Cardio Health Market by Country, 2017 - 2020, USD Million
TABLE 9 Asia Pacific Cardio Health Market by Country, 2021 - 2027, USD Million
TABLE 10 Asia Pacific Sports Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 11 Asia Pacific Sports Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 12 Asia Pacific Clinical Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 13 Asia Pacific Clinical Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 14 Asia Pacific Weight Management Market by Country, 2017 - 2020, USD Million
TABLE 15 Asia Pacific Weight Management Market by Country, 2021 - 2027, USD Million
TABLE 16 Asia Pacific Other Applications Market by Country, 2017 - 2020, USD Million
TABLE 17 Asia Pacific Other Applications Market by Country, 2021 - 2027, USD Million
TABLE 18 Asia Pacific Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 19 Asia Pacific Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 20 Asia Pacific Dairy Products Market by Country, 2017 - 2020, USD Million
TABLE 21 Asia Pacific Dairy Products Market by Country, 2021 - 2027, USD Million
TABLE 22 Asia Pacific Meat, Fish & Eggs Market by Country, 2017 - 2020, USD Million
TABLE 23 Asia Pacific Meat, Fish & Eggs Market by Country, 2021 - 2027, USD Million
TABLE 24 Asia Pacific Bakery & Cereals Market by Country, 2017 - 2020, USD Million
TABLE 25 Asia Pacific Bakery & Cereals Market by Country, 2021 - 2027, USD Million
TABLE 26 Asia Pacific Soy Products Market by Country, 2017 - 2020, USD Million
TABLE 27 Asia Pacific Soy Products Market by Country, 2021 - 2027, USD Million
TABLE 28 Asia Pacific Fats & Oils Market by Country, 2017 - 2020, USD Million
TABLE 29 Asia Pacific Fats & Oils Market by Country, 2021 - 2027, USD Million
TABLE 30 Asia Pacific Others Market by Country, 2017 - 2020, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2021 - 2027, USD Million
TABLE 32 Asia Pacific Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 33 Asia Pacific Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 34 Asia Pacific Vitamins Market by Country, 2017 - 2020, USD Million
TABLE 35 Asia Pacific Vitamins Market by Country, 2021 - 2027, USD Million
TABLE 36 Asia Pacific Proteins & Amino Acids Market by Country, 2017 - 2020, USD Million
TABLE 37 Asia Pacific Proteins & Amino Acids Market by Country, 2021 - 2027, USD Million
TABLE 38 Asia Pacific Prebiotics & Dietary Fibers Market by Country, 2017 - 2020, USD Million
TABLE 39 Asia Pacific Prebiotics & Dietary Fibers Market by Country, 2021 - 2027, USD Million
TABLE 40 Asia Pacific Minerals Market by Country, 2017 - 2020, USD Million
TABLE 41 Asia Pacific Minerals Market by Country, 2021 - 2027, USD Million
TABLE 42 Asia Pacific Probiotics Market by Country, 2017 - 2020, USD Million
TABLE 43 Asia Pacific Probiotics Market by Country, 2021 - 2027, USD Million
TABLE 44 Asia Pacific Others Market by Country, 2017 - 2020, USD Million
TABLE 45 Asia Pacific Others Market by Country, 2021 - 2027, USD Million
TABLE 46 Asia Pacific Functional Food Market by Country, 2017 - 2020, USD Million
TABLE 47 Asia Pacific Functional Food Market by Country, 2021 - 2027, USD Million
TABLE 48 China Functional Food Market, 2017 - 2020, USD Million
TABLE 49 China Functional Food Market, 2021 - 2027, USD Million
TABLE 50 China Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 51 China Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 52 China Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 53 China Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 54 China Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 55 China Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 56 Japan Functional Food Market, 2017 - 2020, USD Million
TABLE 57 Japan Functional Food Market, 2021 - 2027, USD Million
TABLE 58 Japan Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 59 Japan Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 60 Japan Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 61 Japan Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 62 Japan Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 63 Japan Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 64 India Functional Food Market, 2017 - 2020, USD Million
TABLE 65 India Functional Food Market, 2021 - 2027, USD Million
TABLE 66 India Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 67 India Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 68 India Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 69 India Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 70 India Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 71 India Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 72 South Korea Functional Food Market, 2017 - 2020, USD Million
TABLE 73 South Korea Functional Food Market, 2021 - 2027, USD Million
TABLE 74 South Korea Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 75 South Korea Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 76 South Korea Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 77 South Korea Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 78 South Korea Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 79 South Korea Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 80 Singapore Functional Food Market, 2017 - 2020, USD Million
TABLE 81 Singapore Functional Food Market, 2021 - 2027, USD Million
TABLE 82 Singapore Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 83 Singapore Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 84 Singapore Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 85 Singapore Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 86 Singapore Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 87 Singapore Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 88 Malaysia Functional Food Market, 2017 - 2020, USD Million
TABLE 89 Malaysia Functional Food Market, 2021 - 2027, USD Million
TABLE 90 Malaysia Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 91 Malaysia Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 92 Malaysia Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 93 Malaysia Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 94 Malaysia Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 95 Malaysia Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 96 Rest of Asia Pacific Functional Food Market, 2017 - 2020, USD Million
TABLE 97 Rest of Asia Pacific Functional Food Market, 2021 - 2027, USD Million
TABLE 98 Rest of Asia Pacific Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 99 Rest of Asia Pacific Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 100 Rest of Asia Pacific Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 101 Rest of Asia Pacific Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 102 Rest of Asia Pacific Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 103 Rest of Asia Pacific Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 104 Key information – Danone S.A.
TABLE 105 Key Information – Glanbia PLC
TABLE 106 key information – Mars, Inc.
TABLE 107 Key Information – Meiji Holdings Co., Ltd.
TABLE 108 Key Information – Nestle S.A.
TABLE 109 Key Information – Royal Frieslandcampina N.V.
TABLE 110 Key Information – The Kraft Heinz Company
TABLE 111 key information – Hearthside Food Solutions LLC
TABLE 112 key information – Raisio PLC
TABLE 113 key information – Sanitarium Health and Wellbeing Company
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Acquisition and Mergers : 2017, Nov – 2021, May) Leading Players
FIG 5 Recent strategies and developments: Glanbia PLC
FIG 6 Recent strategies and developments: Nestle S.A.
FIG 7 Recent strategies and developments: Royal FrieslandCampina N.V.
FIG 8 Recent strategies and developments: Raisio PLC
FIG 9 Recent strategies and developments: Sanitarium Health and Wellbeing Company