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June 11, 2020, 6:53 a.m. EDT

Functional Foods and Beverages Market: How will COVID-19 Affects Food & Beverages Industry?

Key companies covered are The Coca-Cola Company, Celsius Holdings, Inc., PepsiCo, Inc., Glanbia plc, Nestle S.A., Arla Foods amba, Hearthside Food Solutions LLC, Tyson Foods, Inc., General Mills, Inc., Danone S.A. and more players profiled in functional foods and beverages market research report

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Jun 11, 2020 (The Expresswire) -- The global functional foods and beverages market size is projected to reach USD 412.22 million by 2026, exhibiting a CAGR of 8.49% during the forecast period. Increasing malnutrition worldwide will be the primary growth driver for this market in the near future, shares Fortune Business Insights™ in its new report, titled “Functional Foods and Beverages Market Size, Share and Industry Analysis, By Type (Cereals and Grains, Fats and Oils, Dairy Products, Bakery Products, and Other Functional/Fortified Foods) Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others), and Regional Forecasts, 2019 2026”.

List of Key Players Covered in the Report:

  • The Coca-Cola Company

  • Celsius Holdings, Inc.

  • PepsiCo, Inc.

  • Glanbia plc

  • Nestle S.A.

  • Arla Foods amba

  • Hearthside Food Solutions LLC

  • Tyson Foods, Inc.

  • General Mills, Inc.

  • Danone S.A.

Gain More Insights into the Functional Foods and Beverages Market Research Report

https://www.fortunebusinessinsights.com/functional-foods-market-102269

According to the World Health Organization (WHO), close to 462 million people are underweight and 52 million children under the age of 5 are suffering from wasting. Moreover, roughly 45% of deaths among children below 5 years of age occur due to under-nutrition. As a result, governments have spurred into action in both developed and developing countries. For instance, in 2019, the UK government made it mandatory to fortify flour with folic acid to prevent occurrence of congenital disabilities in children. Similarly, in July 2019, the Indian government announced distribution of rice fortified with folic acid, Vitamin B12, and iron through the Public Distribution System (PDS). The market for functional foods and beverages, thus, stands to gain from these developments.

The functional food and beverages market report states that the value of this market stood at USD 216.25 million in 2018. Other than this, the report contains the following:

  • Detailed segmentation of the market and piece-meal study of the each segment;

  • Exhaustive research into the various market drivers and restraints;

  • Comprehensive analysis of the regional developments and competitive milieu of the market; and

  • Panoramic understanding of the industry outlook and trends shaping the market.

Competitive Landscape

Development of Exciting Products to Stimulate Intense Competition

One of the leading functional food and beverages market trends is the increasing focus of key players on the developing and launching new and exciting products in the market. Not only do these frequent launches help companies solidify their position in the market, but they also periodically realign the overall dynamics of market competition.

Request a Sample Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/functional-foods-market-102269

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are strugling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Market Driver

High Nutritional Value of Functional Foods to Spike Uptake

The popularity of fortified food and beverages has been steadily climbing in recent years, mainly due to the hectic and unhealthy lifestyles people are leading in urban areas. As a result, there is a growing demand for nutrition-rich food and beverage items fueled by rising health and wellness concerns. Functional foods have emerged as an attractive option for many consumers, given their wide-ranging and long-term benefits.

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