Functional Foods Market Size, Share, Growth Analysis, By Ingredient(Carotenoids, Dietary Fibers, Fatty Acids, Minerals), By Product(Bakery & Cereals, Dairy Products, Meat, Fish & Eggs), By Application(Sports Nutrition, Weight Management, Immunity, Digestive Health), By Region - Industry Forecast 2024-2031

The market for functional foods is very competitive, with many public and private companies working on product research and innovation. Public corporations have been active in launching tactics to achieve market competitive advantages. Privately held market players are anticipated in the near future. Amway Corp., for example, invested USD 15 million in its Michigan manufacturing facility in 2021 to redesign a 90,000-square-foot production plant to exclusively create sugar-free XS Energy Drinks that are sold globally. This new mill produces XS energy drinks for the United States, Latin America, and Canada.

In recent years, the functional foods market has seen significant advancements in terms of product innovation & portfolio expansion, among other things. For example, in March 2021, Arla Foods Chemicals introduced Lacprodan ISO for beverage fortification, launching a new protein-enriched fruit drink idea.

Top Player’s Company Profiles in Functional Foods Market

• Nestle S.A. (Switzerland) 
• Danone S.A. (France) 
• Kellogg Company (US) 
• PepsiCo, Inc. (US) 
• Abbott Laboratories (US) 
• Yakult Honsha Co., Ltd. (Japan) 
• Archer Daniels Midland Company (US) 
• DuPont de Nemours, Inc. (US) 
• The Hain Celestial Group, Inc. (US) 
• Meiji Holdings Co., Ltd. (Japan) 
• Royal FrieslandCampina N.V. (Netherlands) 
• Unilever N.V. (UK/Netherlands) 
• Kraft Heinz Company (US) 
• Campbell Soup Company (US) 
• BASF (Germany) 
• Cargill (US) 
• General Mills Inc. (US) 
• Coca-Cola Co. (US) 
• GFR Pharma (Canada) 
• KFSU (South Korea) 
• Nutri-Nation (India) 
• Amway (US) 
• Arla Foods (Denmark) 

Functional Foods Market