SAN FRANCISCO, November 17, 2016 /PRNewswire/ --
The global functional foods market is expected to reach USD 255.10 billion by 2024, according to a new report by Grand View Research, Inc. Growing geriatric population, healthcare costs, consumers 'consciousness towards their well-being, and changing lifestyle is expected to drive the functional foods market growth over the forecast period. These foods have the ability to combat various diseases progression and provide promising health benefits to individuals.
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Fish oils which contain long-chain omega-3 fatty acids are categorized as a functional food that helps in reduction of cardiovascular diseases and lowers the total cholesterol level. Yogurt, which has lactobacillus bacteria, contributes to improving the quality of intestinal microflora.
However, the functional food is mostly attributed to possess "credence attributes" that is the product attributes cannot be claimed directly by the consumers. Such a factor is expected to critically affect the global industry over the forecast period.
Labeling on a product might claim that it constitutes extra dosage of calcium, which helps in preventing osteoporosis disease. However, consumers are unable to evaluate such claims as the nutrients cannot be smelled or tasted and do not have any proper shape. Consumers need to wait for a particular period to validate the credence claims.
Nevertheless, researchers have been trying to combine functional food and molecular nutrition into one which is anticipated to challenge the traditional diet paradigm. The benefits claimed for functional foods by manufacturers slowly arrive on the plates of the consumers. Speeding the health benefit arrival requires more innovative approaches and also funding to expand the knowledge base associated with molecular nutrition.
Browse full research report with TOC on "Functional Foods Market Analysis By Product (Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins), By Application, By End-Use (Sports Nutrition, Weight Management, Immunity, Digestive Health) And Segment Forecasts, 2014 To 2024" at: http://www.grandviewresearch.com/industry-analysis/functional-food-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the functional foods market on the basis of product, application, end-use and region:
Access research insight: http://www.grandviewresearch.com/research-insights/functional-foods-market-exploring-healthy-lifestyle
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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