According to a newly published report, the Functional foodstuff is predicted to grow at the CAGR of seven .1%and the revenue is estimated to grow around $2,868 million during the forecast period of 2016-2022. The segmentation of worldwide functional foodstuff is predicated on the application, type, and health. The report on global functional foodstuff forecast 2016-2022 (by application, type, and health) provides a detailed overview and predictive analysis of the market.
Rising global health awareness may be a major factor fueling the demand for functional foodstuff. People of both developed and developing states are active that specialize in health because lack of nutrition is becoming a serious health concern among some adults and the aging population. Rising work stress and busy schedules have increased the usage of unhealthy eating habits, like fast foods that don’t meet the nutritional requirements. so as to satisfy the shortage of nutrients, sizable amount of people are moving towards functional foods like supplements within the sort of tablets, syrup, or powder in their everyday diet to majorly decrease the chances of accelerating health complications.
There has been a rising perception of functional food in china thanks to rising income of Chinese consumers and their strong desire about a healthy lifestyle. it’s found that approximately 45 per cent of the Chinese respondents think themselves overweight, and an enormous percentage of Chinese consumers are able to buy healthy ingredients as necessary within the foods they acquire. Chinese consumers said they’re focusing for functional foods offering advantages which will either decrease their risk of disease or support healthiness. Approximately 3 in 10 seek foods that are high in protein, high in fibre and have pure grain or foods with ingredients that satisfy their major health needs. 47 per cent are able to provide a premium for these sorts of products.