Middle East & Africa 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 the Middle East & Africa is expected to grow from US$ 12,148.25 million in 2021 to US$ 20,921.97 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2021 to 2028.
Heart disease, obesity, cancer, stroke, respiratory disease, injuries, diabetes, Alzheimer's disease, influenza and pneumonia, and kidney disease are among the major chronic diseases reported in people. Obesity is becoming one of the most serious public health issues. It contributes to various metabolic ailments, including inflammatory pathologies, cardiovascular disease, hypertension, coronary issues, and diabetes mellitus. Instead of drugs, dietary changes may be recommended to prevent the harmful effects of obesity. Thus, nutrition through functional foods is a good therapeutic option for delivering dietary components capable of treating chronic disease, especially given the rising expense of health care. Functional foodstuffs contain vital nutrients that can help prevent disease, and many are notably high in antioxidants. These molecules neutralize toxic free radicals, thereby preventing cell damage and reducing the risk of several chronic diseases. Functional foods enhance the immune system’s response to infections and help in improving mental health. The improved immune system may also accelerate the treatment of chronic diseases and associated symptoms, such as obesity and type 2 diabetes. The rising number of diseases is prompting consumers to place a greater emphasis on healthy eating, which boosts the demand for functional foods. Functional food supplies the human body with appropriate nourishment, vitamins, and minerals, further lowering the risk of diseases. Most modern consumers are aware of dietary intolerances caused by gluten, dairy protein, and trans-fats. Consumers' perception that non-GMO foods are healthier and safer is compelling them to buy gluten-free and lactose-free functional food products. Functional foods, such as probiotics; energy-boosting foods; and vitamin- and mineral-rich food are the healthy food options of the future.. As a result, the rising prevalence of cardiovascular and other chronic diseases is propelling the demand for a healthy diet, triggering the sales of functional food products.
Middle East & Africa Functional Foods Market Revenue and Forecast to 2028 (US$ Million)
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Middle East & Africa Functional Foods Market Segmentation
The Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa functional foods market. Further, based on country, the Middle East & Africa functional foods market is segmented into South Africa, Saudi Arabia, the UAE, and the rest of Middle East & Africa. Saudi Arabia contributed a substantial share in 2020.
Abbott; Danone S.A.; GENERAL MILLS, INC; Kellogg Company; Laird Superfood; Nestlé SA; and Unilever PLC are among the leading companies in the Middle East & Africa 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. MEA 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. MEA Functional Foods Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Nutrient Enriched Food
5.1.2 Surge in 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 – MEA Market Analysis
6.1 MEA Functional Foods Market Overview
6.2 MEA Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)
7. MEA Functional Foods Market Analysis – by Product Type
7.1 Overview
7.2 MEA Functional Foods Market, by Product Type (2020 and 2028)
7.3 Bakery and Confectionery
7.3.1 Overview
7.3.2 Bakery and Confectionery: MEA 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: MEA 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: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Breakfast Cereal
7.6.1 Overview
7.6.2 Breakfast Cereals: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
8. MEA Functional Foods Market Analysis – by Category
8.1 Overview
8.2 MEA Functional Foods Market, by Category (2020 and 2028)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9. MEA Functional Foods Market Analysis – by Distribution Channel
9.1 Overview
9.2 MEA Functional Foods Market, by Distribution Channel (2020 and 2028)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
10. MEA Functional Foods Market– Country Analysis
10.1 MEA: Functional Foods Market
10.1.1 MEA: Functional Foods Market, by Key Country
10.1.1.1 South Africa: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
10.1.1.1.1 South Africa: Functional Foods Market, by Product Type
10.1.1.1.2 South Africa: Functional Foods Market, by Category
10.1.1.1.3 South Africa: Functional Foods Market, by Distribution Channel
10.1.1.2 Saudi Arabia: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
10.1.1.2.1 Saudi Arabia: Functional Foods Market, by Product Type
10.1.1.2.2 Saudi Arabia: Functional Foods Market, by Category
10.1.1.2.3 Saudi Arabia: Functional Foods Market, by Distribution Channel
10.1.1.3 UAE: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
10.1.1.3.1 UAE: Functional Foods Market, by Product Type
10.1.1.3.2 UAE: Functional Foods Market, by Category
10.1.1.3.3 UAE: Functional Foods Market, by Distribution Channel
10.1.1.4 Rest of MEA: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
10.1.1.4.1 Rest of MEA: Functional Foods Market, by Product Type
10.1.1.4.2 Rest of MEA: Functional Foods Market, by Category
10.1.1.4.3 Rest of MEA: 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 Laird Superfood
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 Abbott
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 Danone S.A.
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 GENERAL MILLS, INC.
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 Nestlé SA
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 Kellogg Company
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
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. MEA Functional foods Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. South Africa Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)
Table 4. South Africa Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 5. Saudi Arabia Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Saudi Arabia Functional Foods Market, by Category– Revenue and Forecast to 2028 (USD Million)
Table 7. Saudi Arabia Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 8. UAE Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 9. UAE Functional Foods Market, by Category– Revenue and Forecast to 2028 (USD Million)
Table 10. UAE Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of MEA Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of MEA Functional Foods Market, by Category – Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of MEA Functional Foods Market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Functional Foods Market Segmentation
Figure 2. MEA Functional foods Market Segmentation – By Country
Figure 3. MEA Functional Foods Market Overview
Figure 4. MEA Functional Foods Market: By Product Type
Figure 5. MEA Functional Foods Market: By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. MEA Functional Foods Market Ecosystem
Figure 9. MEA Functional Foods Market Impact Analysis of Drivers and Restraints
Figure 10. MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. MEA Functional Foods Market Revenue Share, by Product Type (2020 and 2028)
Figure 12. Bakery and Confectionery: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Dairy and Frozen Desserts: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Sweet and Savory Snacks: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Breakfast Cereals Snacks: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Functional Foods Market Revenue Share by Category (2020 and 2028)
Figure 18. Organic: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Conventional: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Functional Foods Market Revenue Share by Distribution Channel (2020 and 2028)
Figure 21. Supermarkets and Hypermarkets: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Convenience Stores: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Online Retail: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: MEA Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA: Functional Foods Market, by key Country– Revenue (2020) (US$ Million)
Figure 26. MEA: Functional Foods Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. South Africa: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
Figure 28. Saudi Arabia: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
Figure 29. UAE: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
Figure 30. Rest of MEA: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
- Abbott
- Danone S.A.
- GENERAL MILLS, INC
- 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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