Europe Functional Foods Market Share by Size and Growth 2028

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)

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.

Europe Functional Foods Market Strategic Insights

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Europe Functional Foods Market Segmentation Analysis

Europe Functional Foods Market Report Highlights

Europe Functional Foods Report Scope

Report Attribute	Details
Market size in 2021	US$ 65,320.20 Million
Market Size by 2028	US$ 116,911.97 Million
CAGR (2021 - 2028)	8.7%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Product Type Bakery and Confectionery Dairy and Frozen Desserts Sweet and Savory Snacks Breakfast Cereals By Category Organic Conventional By Distribution Channel Supermarkets and Hypermarkets Convenience Stores Online Retail
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	Abbott Clif Bar & Company Danone S.A. GENERAL MILLS, INC HILDUR Kellogg Company Laird Superfood Nestlé SA Unilever PLC