LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global functional food and nutraceuticals market 2016-2020 report. This research report also lists 30 prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
There are several regional players with small market shares in the global market. However, the market is dominated by international players, who are increasing their footprint and expanding their presence in the global functional food and nutraceuticals market.
“Fast-developing APAC countries such as India, Vietnam, Indonesia, and Malaysia offer lucrative opportunities for market growth due to the increasing spending capacity and improving economic conditions in these countries,” says Amber Chourasia, lead analyst at Technavio for health and wellness research.
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BASF
BASF was established in 1865 and is headquartered in Ludwigshafen Am Rhein, Rhineland-Palatinate, Germany. It is a chemical company with a product portfolio ranging from chemicals, plastics, performance products, and crop protection products to oil and gas.
BASF established its presence in the global functional food and nutraceuticals market with a wide range of offerings. BASF is one of the major companies in the global functional food, beverage, and dietary supplement industry. It offers a broad range of vitamins, carotenoids, functional and food ingredients, and processing aids. It also develops many forward-looking products for food, beverages, and dietary supplements. The company offers food, beverages, and dietary supplements under the brand name Newtrition.
Coca-Cola
Coca-Cola was founded in 1886 and is headquartered in Atlanta, Georgia, US. The company manufactures, distributes, and markets a variety of non-alcoholic beverages. It sells 1.9 billion units of beverage globally every day.
Coca-Cola established its presence in the global functional food and nutraceuticals market with a variety of sports drinks and focuses on the expansion of its position in sports nutrition.
The company could leverage on the growth prospects in the sports nutrition market to drive its revenue and business growth since there has been a substantial rise in health awareness and consciousness. The extensive distribution network gives the company a competitive advantage in the market.
Kellogg
Kellogg was founded in 1906 and is headquartered in Battle Creek, Michigan, US. The company, along with its subsidiaries, engages in the production and marketing of ready-to-eat cereal and convenience foods across the world.
Kellogg established its presence in the global functional food and nutraceuticals market with ready-to eat cereals and convenience foods such as cookies, crackers, savory snacks, cereal bars, toaster pastries, fruit-flavored snacks, frozen waffles, and veggie foods. As of February 2015, the company manufactured these products in 20 countries and marketed them in more than 180 countries.
Nestlé
Nestlé was established in 1866 and is headquartered in Vevey, Switzerland. It is one of the leading nutrition health and wellness companies. The company, along with its subsidiaries, develops, produces, markets, and sells food and beverages globally.
The company, through its nutrition and health science segment, provides a range of healthcare nutrition products. Its main brands in this segment include NAN, S-26, Illuma, and Gerber Organic.
PepsiCo
PepsiCo was founded in 1965 and is headquartered in Purchase, New York, US. The company produces, markets, and sells a variety of salty, sweet, and grain-based snacks; food products; and carbonated and non-carbonated beverages through independent operations and contract manufacturers worldwide.
PepsiCo established its presence in the global functional food and nutraceuticals market with its range of offerings. The company engages in R&D activities and invests in innovation to drive growth globally. It also leverages on nutrition science, food science, engineering, and consumer insights to develop convenient beverages and nutritious food.
Browse related reports:
- Global Naturally Healthy Foods Market 2016-2020
- Global Health and Wellness Food Market 2015-2019
- Global Dietary Fiber Market 2016-2020
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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