The latest report by IMARC Group, titled “GCC Functional Foods Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,“ offers a comprehensive analysis of the industry, which comprises insights into the GCC functional foods market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The GCC functional foods market size is projected to exhibit a growth rate (CAGR) of 11% during 2023-2028.
GCC Functional Foods Market Overview:
Functional foods refer to foods and beverages fortified with specialized ingredients that offer health benefits beyond basic nutrition. These products are engineered to promote optimal health, reduce the risk of chronic diseases, and cater to specific dietary requirements. They encompass a diverse range, including fortified dairy products, enriched grains, and probiotic-rich yogurts, to name a few.
The core advantage of functional foods lies in their dual role – offering nourishment while also delivering targeted health benefits. For instance, omega-3-enriched eggs provide protein and support cardiovascular health. With the perfect blend of taste, convenience, and health benefits, functional foods are transforming the way individuals perceive daily nutrition, making healthful eating both accessible and enjoyable.
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GCC Functional Foods Market Trends:
The functional foods market in the GCC (Gulf Cooperation Council) region is majorly driven by the region’s rapid urbanization, coupled with an increasingly health-conscious population. Additionally, the rise in lifestyle-related diseases in countries has heightened awareness about preventive healthcare through nutrition. Along with this, the introduction of innovative products tailored to the dietary preferences and needs of the GCC populace, such as halal-certified and region-specific flavors, further propels the market.
Moreover, trends suggest a growing inclination towards organic and natural functional foods, resonating with the global shift towards clean and transparent labeling. Furthermore, the influx of international health and wellness brands, coupled with robust marketing strategies emphasizing health benefits, are creating a positive market outlook. Some of the other factors driving the market include rising health awareness and supportive import-export frameworks.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/gcc-functional-foods-market
GCC Functional Foods Industry Segmentation:
Breakup by Product Type:
- Bakery Products
- Breakfast Cereals
- Snack/Functional Bars
- Dairy Products
- Baby Food
- Others
Breakup by Ingredient:
- Probiotics
- Minerals
- Proteins and Amino Acids
- Prebiotics and Dietary Fiber
- Vitamins
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialist Retailers
- Convenience Stores
- Online Stores
- Others
Breakup by Application:
Sports Nutrition
Weight Management
- Clinical Nutrition
- Cardio Health
- Others
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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