In 2029, the Functional Food market is spectated to surpass ~US$ xx Mn/Bn with a CAGR of xx% over the forecast period. The Functional Food market clicked a value of ~US$ xx Mn/Bn in 2018. Region is expected to account for a significant market share, where the Functional Food market size is projected to inflate with a CAGR of xx% during the forecast period.
In the Functional Food market research study, 2018 is considered as the base year, and 2019-2029 is considered as the forecast period to predict the market size. Important regions emphasized in the report include region 1 (country 1, country2), region 2 (country 1, country2), and region 3 (country 1, country2).
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Global Functional Food market report on the basis of market players
The report examines each Functional Food market player according to its market share, production footprint, and growth rate. SWOT analysis of the players (strengths, weaknesses, opportunities and threats) has been covered in this report. Further, the Functional Food market study depicts the recent launches, agreements, R&D projects, and business strategies of the market players including
Aggressive marketing by manufacturers, growing health issues, widening the span of distribution channels and Inclination towards novel and processed food varieties are some of the major drivers of the functional food market growth in GCC. Increasing awareness of health food among consumers and government support for fortified foods has attracted many retailers and multi-national companies towards the health food category across GCC. The purchasing power of consumers is as high as to that of some of the developed countries of the U.S, and the Europe which makes GCC a hot spot for various new entrants too.
In terms of absolute increment, Saudi Arabia represents the largest market followed by UAE (United Arab Emirates) due to its size, wherein Kuwait is expected to grow at the highest CAGR closely followed by Qatar& Bahrain.
In this study, we analyze the GCC Functional Food Market during 2014-2020. We focus on:
Market size and forecast, 2013-2020
Detailed market trends and forecast of categories such as cereals, flakes & confectionary, dairy products, iodinated salt, fortified egg & meat and oil/margarine
Key drivers and developments in functional foods
Detailed analysis of distribution channels for functional food such as Hypermarket or A-class stores, Self-service & B-class chains, Consumer co-operatives & groceries and others (convenience stores, discount stores, and food & drug stores).
Key drivers and developments in countries namely Saudi Arabia, United Arab Emirates (UAE), Oman, Kuwait, Qatar and Bahrain
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The Functional Food market report answers the following queries:
- Why the demand for segment increasing in region?
- At what rate the Functional Food market is growing?
- What factors drive the growth of the global Functional Food market?
- Which market players currently dominate the global Functional Food market?
- What is the consumption trend of the Functional Food in region?
The Functional Food market report provides the below-mentioned information:
- Breakdown data at the regional level as well as revenue and growth of the Functional Food in these regions.
- Distribution channels, and consumption patterns, of the global Functional Food market.
- Scrutinized data of the Functional Food on the basis of country, including market share and revenue of the important countries.
- Critical analysis of every Functional Food market player, such as, collaborations, acquisitions, and product launches.
- Trends influencing the Functional Food market growth, including ecological preservation, regulatory norms and R&D developments.
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Research Methodology of Functional Food Market Report
The global Functional Food market study covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). Both top-down and bottom-up approaches have been used to calculate and authenticate the market size of the Functional Food market, and predict the scenario of various sub-markets in the overall market. Primary and secondary research has been thoroughly performed to analyze the prominent players and their market share in the Functional Food market. Further, all the numbers, segmentation, and shares have been gathered using authentic primary and secondary sources.