South and Central America 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 South and Central America is expected to grow from US$ 16,049.71 million in 2021 to US$ 28,453.88 million by 2028; it is estimated to grow at a CAGR of 8.5% 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. Moreover, consumers are becoming more conscious of their digestive health, which is driving innovation in probiotic product offerings. Due to the growing health consciousness among the populace, functional foods are experiencing booming demand. Thus, new product development will create lucrative opportunities for market players in the forecast period.
South and Central America Functional Foods Market Revenue and Forecast to 2028 (US$ Million)
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South and Central America Functional Foods Market Segmentation
The South and Central America 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 South and Central America 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 South and Central America 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 South and Central America functional foods market. Further, based on country, the South and Central America functional foods market is segmented into Brazil, Argentina, and the rest of South and Central America. Brazil 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 South and Central America 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. SCAM 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. SCAM Functional Foods Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for Nutrient Enriched Food
5.1.2 Rise 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 – SCAM Market Analysis
6.1 SCAM Functional Foods Market Overview
6.2 SCAM Functional Foods Market –Revenue and Forecast to 2028 (US$ Million)
7. SCAM Functional Foods Market Analysis – by Product Type
7.1 Overview
7.2 SCAM Functional Foods Market, by Product Type (2020 and 2028)
7.3 Bakery and Confectionery
7.3.1 Overview
7.3.2 Bakery and Confectionery: SCAM 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: SCAM 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: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Breakfast Cereal
7.6.1 Overview
7.6.2 Breakfast Cereals: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
8. SCAM Functional Foods Market Analysis – by Category
8.1 Overview
8.2 SCAM Functional Foods Market, by Category (2020 and 2028)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9. SCAM Functional Foods Market Analysis – by Distribution Channel
9.1 Overview
9.2 SCAM Functional Foods Market, by Distribution Channel (2020 and 2028)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
10. SCAM Functional Foods Market– Country Analysis
10.1 SCAM: Functional Foods Market
10.1.1 SCAM: Functional Foods Market, by Key Country
10.1.1.1 Brazil: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
10.1.1.1.1 Brazil: Functional Foods Market, by Product Type
10.1.1.1.2 Brazil: Functional Foods Market, by Category
10.1.1.1.3 Brazil: Functional Foods Market, by Distribution Channel
10.1.1.2 Argentina: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
10.1.1.2.1 Argentina: Functional Foods Market, by Product Type
10.1.1.2.2 Argentina: Functional Foods Market, by Category
10.1.1.2.3 Argentina: Functional Foods Market, by Distribution Channel
10.1.1.3 Rest of SCAM: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
10.1.1.3.1 Rest of SCAM: Functional Foods Market, by Product Type
10.1.1.3.2 Rest of SCAM: Functional Foods Market, by Category
10.1.1.3.3 Rest of SCAM: 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. SCAM Functional foods Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Functional Foods Market, by Category– Revenue and Forecast to 2028 (USD Million)
Table 4. Brazil Functional Foods Market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Argentina Functional Foods Market, by Category– Revenue and Forecast to 2028 (USD Million)
Table 7. Argentina Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of SCAM Functional Foods Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Rest of SCAM Functional Foods Market, by Category– Revenue and Forecast to 2028 (USD Million)
Table 10. Rest of SCAM Functional Foods Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. SCAM Functional Foods Market Segmentation
Figure 2. SCAM Functional foods Market Segmentation – By Country
Figure 3. SCAM Functional Foods Market Overview
Figure 4. SCAM Functional Foods Market: By Product Type
Figure 5. SCAM Functional Foods Market: By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. SCAM Functional Foods Market Ecosystem
Figure 9. SCAM Functional Foods Market Impact Analysis of Drivers and Restraints
Figure 10. SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. SCAM Functional Foods Market Revenue Share, by Product Type (2020 and 2028)
Figure 12. Bakery and Confectionery: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Dairy and Frozen Desserts: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Sweet and Savory Snacks: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Breakfast Cereals Snacks: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. SCAM Functional Foods Market Revenue Share by Category (2020 and 2028)
Figure 18. Organic: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Conventional: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. SCAM Functional Foods Market Revenue Share by Distribution Channel (2020 and 2028)
Figure 21. Supermarkets and Hypermarkets: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Convenience Stores: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Online Retail: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: SCAM Functional Foods Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. SCAM: Functional Foods Market, by key Country– Revenue (2020) (US$ Million)
Figure 26. SCAM: Functional Foods Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Brazil: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
Figure 28. Argentina: Functional Foods Market–Revenue and Forecast to 2028 (USD Million)
Figure 29. Rest of SCAM: 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 South and Central America 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 South and Central America 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 South and Central America 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