Functional Food and Beverage Market Size to Hit USD 529.66

Pune, India, Oct. 10, 2022 (GLOBE NEWSWIRE) — The global functional food and beverage market size is projected to reach USD 529.66 billion by 2028, exhibiting a CAGR of 9.5% during the forecast period. According to a recent report by Fortune Business Insights™, titled “Functional Food and Beverage Market, 2021-2028”, the market’s value stood at USD 258.80 billion in 2020.

Heightened Need for Immunity Boosting Functional Foods amid COVID-19 to Fuel the Market

The COVID-19 pandemic has created a health emergency of unprecedented magnitude, forcing people worldwide to rethink their diets and lifestyles. With the pandemic relentlessly intensifying across the planet, health professionals are aggressively promoting functional food and beverages to enhance immune systems. For example, an ex-nutrition policymaker in the Philippines recently noted in an interview that functional foods, such as vegetables and fruits, are instrumental in battling the coronavirus since they boost immunity and can also improve public health. Private food technology companies are also developing new techniques to create novel offerings. In March 2021, for instance, Seattle-based SoRSE Technology announced that it is engaging in intensive research to integrate functional ingredients into packaged food. The coronavirus outbreak has, thus, rejuvenated the interest in functional foods and drinks among consumers and producers alike, thus benefiting the market and allowing it to register a considerable growth of 11.0% in 2020.

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

List of Key Players Covered in the Functional Food and Beverage Market Report:

• The Coca-Cola Company (Georgia, United States)
• Celsius Holding, Inc. (Florida, United States)
• PepsiCo Inc. (New York, United States)
• Glanbia Plc (Kilkenny, Ireland)
• Nestle S.A. (Vevey, Switzerland)
• Arla Foods amba (Viby,…