Top Functional Foods Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Functional Foods Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Functional Foods industry players.

Functional Foods Market Competitive Landscape

The market for functional foods is very competitive, with many public and private companies working on product research and innovation. Public corporations have been active in launching tactics to achieve market competitive advantages. Privately held market players are anticipated in the near future. Amway Corp., for example, invested USD 15 million in its Michigan manufacturing facility in 2021 to redesign a 90,000-square-foot production plant to exclusively create sugar-free XS Energy Drinks that are sold globally. This new mill produces XS energy drinks for the United States, Latin America, and Canada.

In recent years, the functional foods market has seen significant advancements in terms of product innovation & portfolio expansion, among other things. For example, in March 2021, Arla Foods Chemicals introduced Lacprodan ISO for beverage fortification, launching a new protein-enriched fruit drink idea.

Top Players in Functional Foods Market

  • Danone S.A. (France)
  • Nestlé S.A. (Switzerland) 
  • General Mills Inc. (USA) 
  • PepsiCo Inc. (USA) 
  • The Coca-Cola Company (USA) 
  • Cargill, Incorporated (USA) 
  • Archer Daniels Midland Company (ADM) (USA) 
  • BASF SE (Germany) 
  • Arla Foods amba (Denmark) 
  • Kerry Group plc (Ireland) 
  • Glanbia plc (Ireland) 
  • Tate & Lyle PLC (UK) 
  • Ingredion Incorporated (USA) 
  • DSM (Netherlands) 
  • Ajinomoto Co., Inc. (Japan) 
  • DuPont de Nemours, Inc. (USA) 
  • Meiji Holdings Co., Ltd. (Japan) 
  • Kraft Heinz (USA) 
  • Unilever (UK) 
  • Herbalife Nutrition Ltd. (USA)

Functional Foods Market

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Functional Foods Market size was valued at USD 258.63 Billion in 2023 and is poised to grow from USD 273.81 Billion in 2024 to USD 432.15 Billion by 2032, growing at a CAGR of 0.0587 during the forecast period (2025-2032).

The market for functional foods is very competitive, with many public and private companies working on product research and innovation. Public corporations have been active in launching tactics to achieve market competitive advantages. Privately held market players are anticipated in the near future. Amway Corp., for example, invested USD 15 million in its Michigan manufacturing facility in 2021 to redesign a 90,000-square-foot production plant to exclusively create sugar-free XS Energy Drinks that are sold globally. This new mill produces XS energy drinks for the United States, Latin America, and Canada. 'Nestle S.A. (Switzerland) ', 'Danone S.A. (France) ', 'Kellogg Company (US) ', 'PepsiCo, Inc. (US) ', 'Abbott Laboratories (US) ', 'Yakult Honsha Co., Ltd. (Japan) ', 'Archer Daniels Midland Company (US) ', 'DuPont de Nemours, Inc. (US) ', 'The Hain Celestial Group, Inc. (US) ', 'Meiji Holdings Co., Ltd. (Japan) ', 'Royal FrieslandCampina N.V. (Netherlands) ', 'Unilever N.V. (UK/Netherlands) ', 'Kraft Heinz Company (US) ', 'Campbell Soup Company (US) ', 'BASF (Germany) ', 'Cargill (US) ', 'General Mills Inc. (US) ', 'Coca-Cola Co. (US) ', 'GFR Pharma (Canada) ', 'KFSU (South Korea) ', 'Nutri-Nation (India) ', 'Amway (US) ', 'Arla Foods (Denmark) '

Increasing Consumer Awareness and Health Consciousness 

Increasing Demand for Personalized Nutrition: There is a growing trend towards personalized nutrition, where consumers seek functional foods tailored to their individual health needs, dietary preferences, and genetic profiles. Advances in technology, such as genetic testing and data analytics, are enabling companies to develop personalized functional food products and services to meet the specific requirements of consumers.

North America accounts for more than 24.7% of the global market for nutritional foods. Immunity, losing weight, digestive health, and heart health are the most important application areas in the North American market. This might be due to consumers' increased interest in health in the United States, Canada, and Mexico, which is expected to drive demand for functional food and drinks. Furthermore, the increased popularity with protein bars, shakes, & cookies amongst millennials as healthy snacking options is expected to drive demand for nutritious foods in North America over the next several years.

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Global Functional Foods Market
Functional Foods Market

Report ID: SQMIG30I2226

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