The North America Functional Food Market would witness market growth of 7.8% CAGR during the forecast period (2021-2027). There are high content of protein and nutrients in functional food.
Moreover, functional food provides a broad range of outstanding health advantages. As normal diet does not provide the required nutrients and protein, individuals all around the world are highly consuming additional essential nutrients and protein. Probiotics ingredients are becoming highly popular in the functional food market due to the different kinds of advantages like it enhance mental health conditions, and decrease the complications of specific allergies and eczema. It is a feasible microbial dietary supplement that if included in proper quantities, positively affect human organism via their effects in the intestinal tract.
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.
Broad interest in some of the selected foods that might boost health has resulted in the development of the generic term functional food. The Food and Nutrition Board (FNB) of the National Academy of Sciences defines a functional food as one that includes potentially beneficial products such as any modified food or food ingredient that may offer a health advantage beyond that of the conventional nutrients it contains.
Health care in the United States is responsible for a significant portion of the GNP. Improper dietary habits are viewed by majority as result in a poor health and related health care costs. Dietary aspects are considered as becoming the key reasons of death of Americans, including coronary heart diseases and specific types of cancers. Therefore, functional foods are increasing becoming the important parts of the diet in among the citizens of this region.
The US market dominated the North America Sports Nutrition Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $13,998.3 million by 2027. The Canada market is experiencing a CAGR of 9.6% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 8.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Functional Food Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Functional Food Market, by Application
1.4.2 North America Functional Food Market, by Product
1.4.3 North America Functional Food Market, by Ingredient
1.4.4 North America 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. North America Functional Food Market by Application
4.1 North America Cardio Health Market by Country
4.2 North America Sports Nutrition Market by Country
4.3 North America Clinical Nutrition Market by Country
4.4 North America Weight Management Market by Country
4.5 North America Other Applications Market by Country
Chapter 5. North America Functional Food Market by Product
5.1 North America Dairy Products Market by Country
5.2 North America Meat, Fish & Eggs Market by Country
5.3 North America Bakery & Cereals Market by Country
5.4 North America Soy Products Market by Country
5.5 North America Fats & Oils Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Functional Food Market by Ingredient
6.1 North America Vitamins Market by Country
6.2 North America Proteins & Amino Acids Market by Country
6.3 North America Prebiotics & Dietary Fibers Market by Country
6.4 North America Minerals Market by Country
6.5 North America Probiotics Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Functional Food Market by Country
7.1 US Functional Food Market
7.1.1 US Functional Food Market by Application
7.1.2 US Functional Food Market by Product
7.1.3 US Functional Food Market by Ingredient
7.2 Canada Functional Food Market
7.2.1 Canada Functional Food Market by Application
7.2.2 Canada Functional Food Market by Product
7.2.3 Canada Functional Food Market by Ingredient
7.3 Mexico Functional Food Market
7.3.1 Mexico Functional Food Market by Application
7.3.2 Mexico Functional Food Market by Product
7.3.3 Mexico Functional Food Market by Ingredient
7.4 Rest of North America Functional Food Market
7.4.1 Rest of North America Functional Food Market by Application
7.4.2 Rest of North America Functional Food Market by Product
7.4.3 Rest of North America 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 North America Functional Food Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 7 North America Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 8 North America Cardio Health Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Cardio Health Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Sports Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Sports Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Clinical Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Clinical Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Weight Management Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Weight Management Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Other Applications Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Other Applications Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 19 North America Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 20 North America Dairy Products Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Dairy Products Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Meat, Fish & Eggs Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Meat, Fish & Eggs Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Bakery & Cereals Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Bakery & Cereals Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Soy Products Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Soy Products Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Fats & Oils Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Fats & Oils Market by Country, 2021 - 2027, USD Million
TABLE 30 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 31 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 33 North America Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 34 North America Vitamins Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Vitamins Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Proteins & Amino Acids Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Proteins & Amino Acids Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Prebiotics & Dietary Fibers Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Prebiotics & Dietary Fibers Market by Country, 2021 - 2027, USD Million
TABLE 40 North America Minerals Market by Country, 2017 - 2020, USD Million
TABLE 41 North America Minerals Market by Country, 2021 - 2027, USD Million
TABLE 42 North America Probiotics Market by Country, 2017 - 2020, USD Million
TABLE 43 North America Probiotics Market by Country, 2021 - 2027, USD Million
TABLE 44 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 45 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 46 North America Functional Food Market by Country, 2017 - 2020, USD Million
TABLE 47 North America Functional Food Market by Country, 2021 - 2027, USD Million
TABLE 48 US Functional Food Market, 2017 - 2020, USD Million
TABLE 49 US Functional Food Market, 2021 - 2027, USD Million
TABLE 50 US Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 51 US Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 52 US Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 53 US Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 54 US Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 55 US Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 56 Canada Functional Food Market, 2017 - 2020, USD Million
TABLE 57 Canada Functional Food Market, 2021 - 2027, USD Million
TABLE 58 Canada Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 59 Canada Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 60 Canada Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 61 Canada Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 62 Canada Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 63 Canada Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 64 Mexico Functional Food Market, 2017 - 2020, USD Million
TABLE 65 Mexico Functional Food Market, 2021 - 2027, USD Million
TABLE 66 Mexico Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 67 Mexico Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 68 Mexico Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 69 Mexico Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 70 Mexico Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 71 Mexico Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 72 Rest of North America Functional Food Market, 2017 - 2020, USD Million
TABLE 73 Rest of North America Functional Food Market, 2021 - 2027, USD Million
TABLE 74 Rest of North America Functional Food Market by Application, 2017 - 2020, USD Million
TABLE 75 Rest of North America Functional Food Market by Application, 2021 - 2027, USD Million
TABLE 76 Rest of North America Functional Food Market by Product, 2017 - 2020, USD Million
TABLE 77 Rest of North America Functional Food Market by Product, 2021 - 2027, USD Million
TABLE 78 Rest of North America Functional Food Market by Ingredient, 2017 - 2020, USD Million
TABLE 79 Rest of North America Functional Food Market by Ingredient, 2021 - 2027, USD Million
TABLE 80 Key information – Danone S.A.
TABLE 81 Key Information – Glanbia PLC
TABLE 82 key information – Mars, Inc.
TABLE 83 Key Information – Meiji Holdings Co., Ltd.
TABLE 84 Key Information – Nestle S.A.
TABLE 85 Key Information – Royal Frieslandcampina N.V.
TABLE 86 Key Information – The Kraft Heinz Company
TABLE 87 key information – Hearthside Food Solutions LLC
TABLE 88 key information – Raisio PLC
TABLE 89 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