Global Functional Foods Market Growth

SURREY, EnglandChanges in consumers diet, lifestyles, awareness and interest in health and well-being are driving growth in the $24 billion functional foods sector, according to new market data from Leatherhead Food Research. The sector has grown nearly 150% since 2003, and grown 4% annually over the global food and beverage market.

 The Future Directions for the Global Functional Foods Market" report examines sales of functional foods in the worlds key markets in areas such as anti-ageing and heart, gut and bone health, as well as discussing consumer attitudes. The report also discusses recent regulatory developments, industry structure and trends in new product activity.

Expanding scientific knowledge and technological capability, particularly ingredient exploration and development, has led to increased product innovation. The number of new product introductions making functional claims has been growing by approximately 28% per year, and the diversity of claims and suggested health benefits have been diversifying.