The Latin America, Middle East and Africa Functional Food Market would witness market growth of 9.6% CAGR during the forecast period (2021-2027).
There has been a massive demand for functional foods across the LAMEA region. This is due to the increasing awareness regarding the product in the region and the fact that consumers are slowly realizing the consumption of functional foods as essential factor in their overall development. On account of the higher interest in functional foods in the region and the uncertainties, the governments of various countries in this region are formulating supportive regulations to support the consumption and sale of functional foods.
In the Latin America, the demand for functional food is very high due to the poor health among citizens and low purchasing power. Hence, all these factors will boost the market demand. 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.
In the last few years, there has been a constant surge in life expectancy and higher attention is given to quality. Consumers are highly getting conscious about their health status and have started considering their lifestyles and healthy diets, that has boosted the demand for functional foods across the globe. The agro-food companies have realized this new & emerging healthy eating trend and have created a broad range of products with instructions and pictures to cater to the increasing demand from the consumer.
The Dairy Products market dominated the South Africa Functional Food Market by Product 2020, thereby, achieving a market value of $945.6 million by 2027. The Meat, Fish & Eggs market is witnessing a CAGR of 10.7% during (2021 - 2027). The Bakery & Cereals market is estimated to grow at a CAGR of 10.1% during (2021 - 2027). Additionally, The Soy Products market is expected to witness highest CAGR of 11.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Functional Food Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Functional Food Market, by Application
1.4.2 LAMEA Functional Food Market, by Product
1.4.3 LAMEA Functional Food Market, by Ingredient
1.4.4 LAMEA 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. LAMEA Functional Food Market by Application
4.1 LAMEA Cardio Health Market by Country
4.2 LAMEA Sports Nutrition Market by Country
4.3 LAMEA Clinical Nutrition Market by Country
4.4 LAMEA Weight Management Market by Country
4.5 LAMEA Other Applications Market by Country
Chapter 5. LAMEA Functional Food Market by Product
5.1 LAMEA Dairy Products Market by Country
5.2 LAMEA Meat, Fish & Eggs Market by Country
5.3 LAMEA Bakery & Cereals Market by Country
5.4 LAMEA Soy Products Market by Country
5.5 LAMEA Fats & Oils Market by Country
5.6 LAMEA Others Market by Country
Chapter 6. LAMEA Functional Food Market by Ingredient
6.1 LAMEA Vitamins Market by Country
6.2 LAMEA Proteins & Amino Acids Market by Country
6.3 LAMEA Prebiotics & Dietary Fibers Market by Country
6.4 LAMEA Minerals Market by Country
6.5 LAMEA Probiotics Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Functional Food Market by Country
7.1 Brazil Functional Food Market
7.1.1 Brazil Functional Food Market by Application
7.1.2 Brazil Functional Food Market by Ingredient
7.1.3 Brazil Functional Food Market by Ingredient
7.2 Argentina Functional Food Market
7.2.1 Argentina Functional Food Market by Application
7.2.2 Argentina Functional Food Market by Product
7.2.3 Argentina Functional Food Market by Ingredient
7.3 UAE Functional Food Market
7.3.1 UAE Functional Food Market by Application
7.3.2 UAE Functional Food Market by Product
7.3.3 UAE Functional Food Market by Ingredient
7.4 Saudi Arabia Functional Food Market
7.4.1 Saudi Arabia Functional Food Market by Application
7.4.2 Saudi Arabia Functional Food Market by Product
7.4.3 Saudi Arabia Functional Food Market by Ingredient
7.5 South Africa Functional Food Market
7.5.1 South Africa Functional Food Market by Application
7.5.2 South Africa Functional Food Market by Product
7.5.3 South Africa Functional Food Market by Ingredient
7.6 Nigeria Functional Food Market
7.6.1 Nigeria Functional Food Market by Application
7.6.2 Nigeria Functional Food Market by Product
7.6.3 Nigeria Functional Food Market by Ingredient
7.7 Rest of LAMEA Functional Food Market
7.7.1 Rest of LAMEA Functional Food Market by Application
7.7.2 Rest of LAMEA Functional Food Market by Product
7.7.3 Rest of LAMEA 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 LAMEA Functional Food Market, 2017 - 2020, USD Million
TABLE 2 LAMEA 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 LAMEA Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 7 LAMEA Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 8 LAMEA Cardio Health Market by Country, 2017 - 2020, USD Million
TABLE 9 LAMEA Cardio Health Market by Country, 2021 - 2027, USD Million
TABLE 10 LAMEA Sports Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 11 LAMEA Sports Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 12 LAMEA Clinical Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 13 LAMEA Clinical Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 14 LAMEA Weight Management Market by Country, 2017 - 2020, USD Million
TABLE 15 LAMEA Weight Management Market by Country, 2021 - 2027, USD Million
TABLE 16 LAMEA Other Applications Market by Country, 2017 - 2020, USD Million
TABLE 17 LAMEA Other Applications Market by Country, 2021 - 2027, USD Million
TABLE 18 LAMEA Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 19 LAMEA Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 20 LAMEA Dairy Products Market by Country, 2017 - 2020, USD Million
TABLE 21 LAMEA Dairy Products Market by Country, 2021 - 2027, USD Million
TABLE 22 LAMEA Meat, Fish & Eggs Market by Country, 2017 - 2020, USD Million
TABLE 23 LAMEA Meat, Fish & Eggs Market by Country, 2021 - 2027, USD Million
TABLE 24 LAMEA Bakery & Cereals Market by Country, 2017 - 2020, USD Million
TABLE 25 LAMEA Bakery & Cereals Market by Country, 2021 - 2027, USD Million
TABLE 26 LAMEA Soy Products Market by Country, 2017 - 2020, USD Million
TABLE 27 LAMEA Soy Products Market by Country, 2021 - 2027, USD Million
TABLE 28 LAMEA Fats & Oils Market by Country, 2017 - 2020, USD Million
TABLE 29 LAMEA Fats & Oils Market by Country, 2021 - 2027, USD Million
TABLE 30 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 31 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 32 LAMEA Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 33 LAMEA Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 34 LAMEA Vitamins Market by Country, 2017 - 2020, USD Million
TABLE 35 LAMEA Vitamins Market by Country, 2021 - 2027, USD Million
TABLE 36 LAMEA Proteins & Amino Acids Market by Country, 2017 - 2020, USD Million
TABLE 37 LAMEA Proteins & Amino Acids Market by Country, 2021 - 2027, USD Million
TABLE 38 LAMEA Prebiotics & Dietary Fibers Market by Country, 2017 - 2020, USD Million
TABLE 39 LAMEA Prebiotics & Dietary Fibers Market by Country, 2021 - 2027, USD Million
TABLE 40 LAMEA Minerals Market by Country, 2017 - 2020, USD Million
TABLE 41 LAMEA Minerals Market by Country, 2021 - 2027, USD Million
TABLE 42 LAMEA Probiotics Market by Country, 2017 - 2020, USD Million
TABLE 43 LAMEA Probiotics Market by Country, 2021 - 2027, USD Million
TABLE 44 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 45 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 46 LAMEA Functional Food Market by Country, 2017 - 2020, USD Million
TABLE 47 LAMEA Functional Food Market by Country, 2021 - 2027, USD Million
TABLE 48 Brazil Functional Food Market, 2017 - 2020, USD Million
TABLE 49 Brazil Functional Food Market, 2021 - 2027, USD Million
TABLE 50 Brazil Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 51 Brazil Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 52 Brazil Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 53 Brazil Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 54 Brazil Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 55 Brazil Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 56 Argentina Functional Food Market, 2017 - 2020, USD Million
TABLE 57 Argentina Functional Food Market, 2021 - 2027, USD Million
TABLE 58 Argentina Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 59 Argentina Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 60 Argentina Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 61 Argentina Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 62 Argentina Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 63 Argentina Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 64 UAE Functional Food Market, 2017 - 2020, USD Million
TABLE 65 UAE Functional Food Market, 2021 - 2027, USD Million
TABLE 66 UAE Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 67 UAE Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 68 UAE Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 69 UAE Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 70 UAE Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 71 UAE Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 72 Saudi Arabia Functional Food Market, 2017 - 2020, USD Million
TABLE 73 Saudi Arabia Functional Food Market, 2021 - 2027, USD Million
TABLE 74 Saudi Arabia Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 75 Saudi Arabia Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 76 Saudi Arabia Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 77 Saudi Arabia Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 78 Saudi Arabia Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 79 Saudi Arabia Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 80 South Africa Functional Food Market, 2017 - 2020, USD Million
TABLE 81 South Africa Functional Food Market, 2021 - 2027, USD Million
TABLE 82 South Africa Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 83 South Africa Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 84 South Africa Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 85 South Africa Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 86 South Africa Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 87 South Africa Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 88 Nigeria Functional Food Market, 2017 - 2020, USD Million
TABLE 89 Nigeria Functional Food Market, 2021 - 2027, USD Million
TABLE 90 Nigeria Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 91 Nigeria Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 92 Nigeria Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 93 Nigeria Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 94 Nigeria Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 95 Nigeria Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 96 Rest of LAMEA Functional Food Market, 2017 - 2020, USD Million
TABLE 97 Rest of LAMEA Functional Food Market, 2021 - 2027, USD Million
TABLE 98 Rest of LAMEA Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 99 Rest of LAMEA Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 100 Rest of LAMEA Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 101 Rest of LAMEA Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 102 Rest of LAMEA Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 103 Rest of LAMEA 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