The Europe Functional Food Market would witness market growth of 8.3% CAGR during the forecast period (2021-2027). Functional ingredients like probiotics and omega-3 are extremely utilized in fish oils and yogurt with an aim to decrease the possibilities of cardiovascular diseases and to enhance the quality of intestinal microflora.
This trend would create lucrative opportunities for the companies operating in the functional food market during the forecast period. In addition to it, the European Commission and the Environmental Protection Agency (EPA) have formulated favorable standards to boost the production activities and consumption of naturally extracted ingredients on account of the increasing concerns to decrease Greenhouse Gas (GHG) emissions.
As the population of the European region is increasing exponentially, concerns will surely aggravate towards the best methods to decrease the possibility of death and disability from different heart diseases. However, the advantages of decreasing hospital costs should not be overlooked, it is likewise essential to identify that preventive nutrition strategies like including functional foods will likely to show some higher influence on health care costs.
Within the European Union, a regulation on nutrition and health claims enforced in 2007. The water-soluble extract of tomato become the first made product in Europe to acquire an approved, proprietary health claim under Article 13(5) of European health claim Regulation 1924/2006 about nutrition and health claims made on foods.
The Germany market dominated the Europe Bakery & Cereals Market by Country 2020, thereby, achieving a market value of $4,374.6 million by 2027. The UK market is exhibiting a CAGR of 7.2% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 8.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Functional Food Market Size will Hit $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.
By Application
By Product
By Ingredient
By Country
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