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Strong Growth for the Functional Food Market

The Functional Food market is set to saw to an estimated US$195 Billion by 2012. Leading market research company Scientia Advise reported in 2006 the ‘functional foods’ market was recorded to be worth US$128 Billion in 2006. It was reported to have enjoyed constant growth ever since, and is forecasted to continue to grow at a compound rate of 7%.

The growth has been facilitated by the emergence of solid scientific reports into the benefits of functional foods, the convergence of consumer demographics, and the changing economics of health care and greater consumer awareness.

People are seeking a natural way to remove ill health form their lives and live a longer, healthier life. They are focusing a lot more on general wellbeing and maintaining their health in order to prevent sickness and ill health, as opposed to waiting to getting sick and then trying to cure it.

  • Function Food market estimated to be worth US$195 Billion by 2012
  • Function Food market is predicted to grow at a compound rate of 7%
  • Many drivers behind consumer purchases of Function Food are scientific facts and the media.
  • People are seeking a natural way to remove ill health form their lives and live a longer, healthier life.
  • People are focusing a lot more on general wellbeing and maintaining their health in order to prevent sickness and ill health, as opposed to waiting to getting sick and then trying to cure it.