The future of the functional food market looks bright; the worldwide revenue for functional food is projected to increase from about 300 billion U.S. dollars in 2017 to over 440 billion dollars in 2022. At present, there is no universally accepted definition of functional foods. But, according to the International Food Information Council (IFIC), functional foods are “foods or food components that may provide benefits beyond basic nutrition”. Popular product types worldwide include vitamins and dietary supplements, functional beverages such as sport and energy drinks, as well as products fortified with probiotics.
The U.S. market has been invigorated by foods containing added value and/or disease-preventing products. Thereby, each single market faces its own challenges. Functional beverages gained attention from health-conscious consumers, driving sales of shelf-stable water to grow by 740 percent and probiotic plant based milks to grow about 270 percent between 2016 and 2017. According to a new report, approximately 24 percent of juice and juice drink product launches featured a functional claim.
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In the following 3 chapters, you will quickly find the 22 most important statistics relating to "Functional Foods Market".