Europe Functional Foods Market Forecast to 2028 – COVID-19 Impact and Analysis – by Product Type (Bakery and Confectionery, Dairy and Frozen Desserts, Sweet and Savory Snacks, Breakfast Cereals, and Others), Category (Organic and Conventional), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
The functional foods market in Europe is expected to grow from US$ 65,320.20 million in 2021 to US$ 116,911.97 million by 2028; it is estimated to grow at a CAGR of 8.7% from 2021 to 2028.
Increasing research and development activities to produce innovative functional foodstuffs and beverages are driving the market growth in this region. Manufacturers are producing functional confectioneries, such as gummies and toffees and nutrition bars, for children along with functional food and drinks for fitness fanatics and consumers seeking nourishment. Furthermore, manufacturers are trialing enzyme technology, encapsulation technology, edible coating technology, and vacuum impregnation technology, among others, to prepare innovative products for keeping up with evolving consumer demands. For instance, in June 2019, Robertet, a natural ingredient producer in France, unveiled an encapsulating technology that utilizes the prebiotic inulin to carry essential oils and powders for enhanced absorption. With consumers becoming more conscious about their digestive health, innovations in probiotic product offerings are gaining pace. Thus, growing health consciousness among people and the development of new products by companies create lucrative opportunities for companies in the Europe functional foods market.Europe Functional Foods Market Revenue and Forecast to 2028 (US$ Million)
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Europe Functional Foods Market Segmentation
The Europe functional foods market is segmented on the basis of product type, category, distribution channel, and country. Based on product type, the market is segmented into bakery and confectionery, dairy and frozen desserts, sweet and savory snacks, breakfast cereals, and others. In 2020, the dairy and frozen desserts segment held the largest share of the Europe functional foods market. Based on category, the market is segmented into organic and conventional. In 2020, the conventional segment held a larger market share. Based on distribution channel, the Europe functional foods market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2020, the supermarkets and hypermarkets segment held the largest share of the Europe functional foods market. Further, based on country, the Europe functional foods market is segmented into Germany, the UK, France, Italy, Russia, and the rest of Europe. The rest of Europe contributed a substantial share to the regional market in 2020.
Abbott; Clif Bar & Company; Danone S.A.; GENERAL MILLS, INC; HILDUR; Kellogg Company; Laird Superfood; Nestlé SA; and Unilever PLC are among the leading companies in the Europe functional foods market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Europe Functional Foods Market Landscape
4.1 Market Overview
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Europe Functional Foods Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise In Demand for Nutrient Enriched Food
5.1.2 Surging Incidences of Chronic Diseases
5.2 Market Restraints
5.2.1 Higher Prices of Functional Foods
5.3 Market Opportunities
5.3.1 Rising new Product Development
5.4 Future Trends
5.4.1 Rising Demand for Healthy Snacking
5.5 Impact Analysis of Drivers and Restraints
6. Functional Foods – Europe Market Analysis
6.1 Europe Functional Foods Market Overview
6.2 Europe Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Functional Foods Market Analysis – by Product Type
7.1 Overview
7.2 Europe Functional Foods Market, by Product Type (2020 and 2028)
7.3 Bakery and Confectionery
7.3.1 Overview
7.3.2 Bakery and Confectionery: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Dairy and Frozen Desserts
7.4.1 Overview
7.4.2 Dairy and Frozen Desserts: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Sweet and Savory Snacks
7.5.1 Overview
7.5.2 Sweet and Savory Snacks: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Breakfast Cereal
7.6.1 Overview
7.6.2 Breakfast Cereals: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Functional Foods Market Analysis – by Category
8.1 Overview
8.2 Europe Functional Foods Market, by Category (2020 and 2028)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Functional Foods Market Analysis – by Distribution Channel
9.1 Overview
9.2 Europe Functional Foods Market, by Distribution Channel (2020 and 2028)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Functional Foods Market– Country Analysis
10.1 Europe: Functional Foods Market
10.1.1 Europe: Functional Foods Market, by Key Country
10.1.1.1 Germany: Functional Foods Market –Analysis and Forecast to 2028 (USD Million)
10.1.1.1.1 Germany: Functional Foods Market, by Product Type
10.1.1.1.2 Germany: Functional Foods Market, by Category
10.1.1.1.3 Germany: Functional Foods Market, by Distribution Channel
10.1.1.2 France: Functional Foods Market –Analysis and Forecast to 2028 (USD Million)
10.1.1.2.1 France: Functional Foods Market, by Product Type
10.1.1.2.2 France: Functional Foods Market, by Category
10.1.1.2.3 France: Functional Foods Market, by Distribution Channel
10.1.1.3 UK: Functional Foods Market –Analysis and Forecast to 2028 (USD Million)
10.1.1.3.1 UK: Functional Foods Market, by Product Type
10.1.1.3.2 UK: Functional Foods Market, by Category
10.1.1.3.3 UK: Functional Foods Market, by Distribution Channel
10.1.1.4 Italy: Functional Foods Market –Analysis and Forecast to 2028 (USD Million)
10.1.1.4.1 Italy: Functional Foods Market, by Product Type
10.1.1.4.2 Italy: Functional Foods Market, by Category
10.1.1.4.3 Italy: Functional Foods Market, by Distribution Channel
10.1.1.5 Russia: Functional Foods Market –Analysis and Forecast to 2028 (USD Million)
10.1.1.5.1 Russia: Functional Foods Market, by Product Type
10.1.1.5.2 Russia: Functional Foods Market, by Category
10.1.1.5.3 Russia: Functional Foods Market, by Distribution Channel
10.1.1.6 Rest of Europe: Functional Foods Market –Analysis and Forecast to 2028 (USD Million)
10.1.1.6.1 Rest of Europe: Functional Foods Market, by Product Type
10.1.1.6.2 Rest of Europe: Functional Foods Market, by Category
10.1.1.6.3 Rest of Europe: Functional Foods Market, by Distribution Channel
11. Company Profiles
11.1 Unilever PLC
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Clif Bar & Company.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Laird Superfood
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Abbott
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Danone S.A.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 GENERAL MILLS, INC.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 HILDUR
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Nestlé SA
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Kellogg Company
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Europe Functional foods Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Germany Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)
Table 4. Germany Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 5. France Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 6. France Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)
Table 7. France Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 8. UK Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 9. UK Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)
Table 10. UK Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 11. Italy Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Italy Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)
Table 13. Italy Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 14. Russia Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 15. Russia Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)
Table 16. Russia Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of Europe Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of Europe Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)
Table 19. Rest of Europe Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Functional Foods Market Segmentation
Figure 2. Europe Functional foods Market Segmentation – By Country
Figure 3. Europe Functional Foods Market Overview
Figure 4. Europe Functional Foods Market: By Product Type
Figure 5. Europe Functional Foods Market: By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Europe Functional Foods Market Ecosystem
Figure 9. Europe Functional Foods Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Functional Foods Market Revenue Share, by Product Type (2020 and 2028)
Figure 12. Bakery and Confectionery: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Dairy and Frozen Desserts: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Sweet and Savory Snacks: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Breakfast Cereals Snacks: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Functional Foods Market Revenue Share by Category (2020 and 2028)
Figure 18. Organic: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Conventional: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Functional Foods Market Revenue Share by Distribution Channel (2020 and 2028)
Figure 21. Supermarkets and Hypermarkets: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Convenience Stores: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Online Retail: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Europe Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: Functional Foods Market, by key Country – Revenue (2020) (US$ Million)
Figure 26. Europe: Functional Foods Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Germany: Functional Foods Market –Revenue and Forecast to 2028 (USD Million)
Figure 28. France: Functional Foods Market –Revenue and Forecast to 2028 (USD Million)
Figure 29. UK: Functional Foods Market –Revenue and Forecast to 2028 (USD Million)
Figure 30. Italy: Functional Foods Market –Revenue and Forecast to 2028 (USD Million)
Figure 31. Russia: Functional Foods Market –Revenue and Forecast to 2028 (USD Million)
Figure 32. Rest of Europe: Functional Foods Market –Revenue and Forecast to 2028 (USD Million)
- Abbott
- Clif Bar & Company
- Danone S.A.
- GENERAL MILLS, INC
- HILDUR
- Kellogg Company
- Laird Superfood
- Nestlé SA
- Unilever PLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Functional Foods Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe Functional Foods Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Functional Foods Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution