Natural Functional Food Market is Expected to Grow at a CAGR of 8.5% Till 2023

August 14, 2017 Pune, India, / Market Research Future published a half cooked research report on the global natural functional food market which is estimated to grow at a CAGR of 8.5% after 2023.

Market Overview
Functional food offers extra micronutrients, which include vitamins, minerals, fatty acids, and other essential elements. They are the medicated foods, which helps to enhance immunity systems and minimizes the chances of chronic diseases such as diabetes, cardiac diseases, cancer, obesity, and others. Natural functional food is prepared and processed without synthetic fertilizers or pesticides and does not contain any artificial flavors, colors or preservatives. Natural functional food has to meet the strict standards set by the regulatory bodies to state that all the ingredients used are 100% organic certified.

Market Forecast
The global natural functional food market has been witnessing an impressive growth over the last few years. Increasing consciousness among consumers regarding their food habit & proper diet is one of the significant drivers for the rising growth of natural functional food products. Also, the demand for the dairy products is increasing gradually. Dairy product manufacturers are focusing on fortifying their products to differentiate from their competitors, which, in turn, has escalated the sales of natural functional food. Furthermore, increasing consumer inclination towards the natural food ingredients instead of the synthetic food additives that is expected to create a positive impact on the sales of natural functional food during the forecast period. Natural functional food are expensive. However, increasing per capita disposable income of the consumer is expected to fuel the sales of natural functional food products over the forecast period.     

Downstream analysis
Vitamin segment is estimated to account for maximum market proportion in the year of 2017 and it is estimated to grow at an above average growth rate during the forecast period. Dietary fibers segment is expected to witness highest growth during the forecast period 2017-2023. Dietary fibers aid in combating diabetes, cardiovascular, obesity, and other diseases, which, in turn, will accelerate the sales of dietary fibers during the forecast period. Among the application, dairy products is estimated to account for 35% of the market share in the global natural functional food market and it is projected to retain its dominance over the forecast period. Dairy product containing probiotics helps to enhance the immune system and also reduces the chances of cardiovascular diseases. Store based distribution channel accounts for the maximum market share in the global natural functional food market in 2017. Among the store based distribution channel, supermarkets & hypermarkets is projected to hold more than 50% of market share in the global natural functional food market. Non-store based distribution channel is projected to grow steadily during the forecast period. 

Competitive analysis
The some of the key players in the global natural functional food market are

• General Mills, Inc. (U.S.)


• Nestlé SA (Switzerland)


• Danone SA (France)


• Abbott Laboratories Inc. (U.S.)


• Kraft Heinz Foods Company (U.S.)


• Kellogg Company Inc. (U.S.)


• GlaxoSmithKline Plc. (U.K.)

The global natural functional food market is highly concentrated in Asia Pacific & North America. Latin America has massive potential for natural functional food, as there is an increasing awareness regarding healthy food habits along with new product developments by the key players in the natural functional food market.   

Regional Analysis

Market Segmentation-
Global natural functional food market is segmented by product type, application, distribution channel and region

ACCESS REPORT DETAILS @ https://www.marketresearchfuture.com/reports/natural-functional-food-market-4070

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