Functional Foods Market – Opportunities and Forecast, 2020-2027

1. Functional Food Market

2. The growing rate of the geriatric population, unhealthy lifestyle of the millennials and the post-millennials, and the increasing rate of chronic diseases from an early age are the major factors that are boosting the functional food market growth. Additionally, the increasing health consciousness among the consumers, followed by the emerging trend of healthy diet patterns, is further bringing numerous growth opportunities for the global functional food market over the coming years. The increasing awareness among people regarding gut health as a result of the rising number of fatal incidents with the intestinal inflammation is further enhancing the market’s growth.

3. Key Drivers of the Functional Food Market The growing rate of the geriatric population, unhealthy lifestyle of the millennials and the post-millennials, and the increasing rate of chronic diseases from an early age are the major factors that are boosting the functional food market growth. Additionally, the increasing health consciousness among the consumers, followed by the emerging trend of healthy diet patterns, is further bringing numerous growth opportunities for the global functional food market over the coming years. The increasing awareness among people regarding gut health as a result of the rising number of fatal incidents with the intestinal inflammation is further enhancing the market’s growth.

4. The rising purchasing power of the consumers and the increasing healthcare expenditure will have a positive impact on the market. Furthermore, with the emergence of the COVID-19, the consumers are now looking for different functional food products which have extra nutritional values to boost their immune system. In addition to this, the consumers have significantly shifted towards healthy lifestyle to reduce the spread of the coronavirus, especially in 2020. All these factors will propel the growth of the global functional food market. On the other hand, various food safety regulations and the limited health benefits of the functional foods as compared to the claimed amount of benefits by the sellers are likely to hamper the market’s growth.

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