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APAC Heart Health Functional Food Market

Heart Health Functional Food Market By Type (Breakfast Cereals, Dairy Products, Edible Oils, Nutritional Bars, Others (Eggs & Wine)), Distribution Channel (Hypermarkets, Supermarkets, Departmental Stores, Grocery/ Retailers) & Region - Forecast to 2022 - 2032

Heart Health Functional Food Market By Type (Breakfast Cereals, Dairy Products, Edible Oils, Nutritional Bars, Others (Eggs & Wine)), Distribution Channel (Hypermarkets, Supermarkets, Departmental Stores, Grocery/ Retailers) & Region - Forecast to 2022 - 2032

Heart Health Functional Food Market - Analysis, Outlook, Growth, Trends, Forecasts

Heart Health Functional Food Market Snapshot

[350 Pages Report] Newly released data from the Heart Health Functional Food Market analysis by Future Market Insights shows that global demand of the overall Heart Health Functional Food Market enjoyed year-on-year (YoY) growth of 6.8% in 2021. 

Attribute

Details

Market Size Value in 2022

USD 477.6 Million

Market Forecast Value in 2032

USD 882.1 Million

Global Growth Rate

6.8%

Forecast Period

2022-2032

This market now holds a massive market value of USD 477.6 Mn in monetary terms in 2022.

Key Growth Influencers - Heart Health Functional Food Market

Health Benefits of Omega 3 Based Products

The growing demand for value-added foods, especially functional heart health foods, opens up great potential for heart health food manufacturers in the Asia-Pacific region. Companies are launching new omega-3 ingredients as well as products targeting the functional food market for heart health.

DSM has launched OatWell, a beta-glucan textile product made from oats, especially for health-conscious customers. OatWell helps reduce the risk of cardiovascular disease, lowers cholesterol, and controls blood sugar levels.

Cargill has Launched an Omega 3 Oil Blend and Easy-to-Use Food Ingredients for Food Manufacturers.

Adding this oil blend enhances the nutritional benefits of the food. This oil blend provides omega 3 (EPA and DHA), which plays an important role in heart health and brain development.  Wilmar International has launched Arwana 3A +, an omega 3 fatty acid fortified edible oil specifically targeted at the Chinese functional food market for heart health. Solutions for omega 3 deficiency that worsen heart health are on the market.

Innovation in Product Offerings

In recent years, with increasing health awareness, the demand for functional foods for heart health has increased. Manufacturing companies are also very interested in increasing their market presence by developing new products and increasing the capacity of existing factories.

BASF SE has expanded its production of omega 3 fatty acids in Asia to improve its range in the areas of nutrition and health and to provide new functional foods for heart health. Tate and Lyle have launched PromOat Beta-Glucan for consumers in the Asia Pacific region.

This ingredient is easy to take on a daily basis. In addition, this product helps control high cholesterol and avoid the risk of coronary artery disease.

The constant change in the eating habits of consumers:

Consumers today are looking for customizable food, beverage, and diet solutions that help them reach their nutritional and personal health goals more positively. General health and wellness products and programs are no longer suitable for everyone.

For the past three years, consumers have redefined a healthy lifestyle, including regular exercise, relaxation, and attention to mental/emotional health. Currently, 8 in 10 (82%)  say that mental/emotional balance is as important as physical health.

Four in ten consumers pay close attention to what they eat. 43% try to eat healthily, but don't pay close attention to it. And 9% say they have a strict diet. Almost half of US consumers say their diet can be a little healthier. Twenty-three percent say it can be much healthier.

Healthy consumers who lead a healthy and active lifestyle are characterized by integrating more frequent physical activity (3-5 days a week) and improving mental/physical performance in daily life. It accounts for about 40% of the total population today.

Out of the 109 million Americans over the age of 50  and the 48 million Americans over the age of 65, lifestyle issues and aging conditions will further drive the sale of functional foods.

After all, functional foods are becoming more and more influential in gastronomy. Protein-rich and plant-rich foods and superfoods are the most attractive to those who eat. Heart health, energy, weight management, and bowel health are the most influential topics.

Japan - Major shareholder of the Heart Health Functional Food Market :

Of all the countries in the Asia Pacific region, Japan is expected to have a relatively high-value share of the functional food market for heart health in 2021. Functional foods for the Japanese heart health market are expected to remain dominant over the forecast period and are expected to grow by approximately xx BPS. The increase will account for  6.6% of sales by 2027.

Increasing consumer base in China for Heart Health Functional Food Market :

China is another major market for manufacturers of functional foods for heart health. Various government agencies throughout the region are developing and implementing new standards for the consumption of functional foods for heart health, especially those fortified with omega 3.

Increasing awareness in India for Heart Health Functional Food Market :

In India, the increasing prevalence of chronic and cardiovascular diseases is expected to drive market growth. India's functional food market for heart health is expected to grow by 140 BPS by 2027, representing a market share of 30% in value. Singapore, Indonesia, and Malaysia are other countries in the Asia-Pacific region where the market for functional foods for heart health is expected to grow significantly during the forecast period.

What was the impact of Covid 19 on the Heart Health Functional Food Market?

The COVID19 pandemic reveals weaknesses in the food industry and its supply chain. For many, it was the first time in their lives that they couldn't go to the supermarket to buy toilet paper, flour, milk, or their favorite brands, but these days they're short on frozen pizzas and peppers.

Many of the shelves in some stores were empty, and shoppers were frightened and shocked by the possibility of not feeding their families. A pandemic is occurring. We are in a recession. There is global warming.

According to the National Interagency Fire Center, as of October 1, 2020, there were more than 44,000 wildfires in the United States, burning nearly 8 million acres and still continuing. Many of these acres are the farmlands where our food is located. Given the uncertainty of how long the pandemic will last, or whether the second (or third) wave will be stronger as expected, the food industry will develop strategies for a new future, from the field to the table. Is essential. Understand buyers' concerns, needs, and feelings.

According to a study conducted by Acosta, 53% of Americans report storage of groceries, hygiene, and school supplies if the pandemic again enforces a public blockade.

Scope of the Report

Attribute

Details

Market Size Value in 2021

USD 477.6 Million

Market Forecast Value in 2032

USD 882.1 Million

Global Growth Rate

6.8%

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

MT for Volume and USD Mn for Value

Key Countries Covered

India, China, Japan, Singapore, Indonesia, Thailand, Malaysia

Key Market Segments Covered

Product Type, Distribution Channel, and Regions

Key Companies Profiled

Nestlé S.A., The Kellogg Company, Marico Ltd., Raisio plc, Associated British Foods, Kalbe Farma Tbk, Bagrry’s India Ltd., PepsiCo, Inc., Ruchi Soya Industries Ltd., and ConAgra Foods, Inc., and many others.

Pricing

Available upon Request

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Heart Health Functional Food Market: Segmentation

By Type:

  • Breakfast Cereals
  • Dairy Products
  • Edible Oils
  • Nutritional Bars
  • Others (Eggs & Wine)

By Distribution Channel:

  • Hypermarkets
  • Supermarkets
  • Departmental Stores
  • Grocery/ Retailers

By Country:

  • India
  • China
  • Japan
  • Singapore
  • Indonesia
  • Thailand
  • Malaysia

Key Questions Answered in the Report

How much is the Heart Health Functional Food Market current worth?

Currently Heart Health Functional Food Market is worth more than US$ 477.6 Mn.
Heart Health Functional Food consumption is expected to grow at a CAGR of around 6.8% during the period 2022-2032.
In terms of revenue, Heart Health Functional Food Market grew at a CAGR of around 6.1% during 2017-2021.
Market players are opting for technological advancement, new product developments, and production capacity expansion.
The top 5 producers of the Heart Health Functional Food Market hold around 33% of the market share.

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