Report

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY 16
1.2.2 MARKET SEGMENTATION 17
FIGURE 1 DERMATOLOGY FUNCTIONAL FOODS MARKET SEGMENTATION 17
1.2.3 YEARS CONSIDERED FOR THE STUDY 17
1.3 CURRENCY 17
TABLE 1 EXCHANGE RATES UTILIZED FOR THE CONVERSION TO USD 18
1.4 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH APPROACH 19
2.2 RESEARCH METHODOLOGY DESIGN 19
FIGURE 2 DERMATOLOGY FUNCTIONAL FOODS MARKET: RESEARCH DESIGN 19
2.2.1 SECONDARY RESEARCH 20
2.2.1.1 Key data from secondary sources 21
2.2.2 PRIMARY DATA 21
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 22
2.3 MARKET SIZE ESTIMATION: DERMATOLOGY FUNCTIONAL FOODS MARKET 22
FIGURE 4 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 23
2.4 DATA TRIANGULATION APPROACH 25
FIGURE 5 DATA TRIANGULATION METHODOLOGY 25
2.5 ASSUMPTIONS FOR THE STUDY 26
2.6 LIMITATIONS 27
2.6.1 METHODOLOGY-RELATED LIMITATIONS 27
2.6.2 SCOPE-RELATED LIMITATIONS 27
3 MARKET OVERVIEW 28
3.1 INTRODUCTION 28
3.2 MARKET DYNAMICS 28
3.2.1 DRIVERS 28
3.2.1.1 Increasing consumption of nutrient-enriched foods to improve overall health 28
FIGURE 6 NUMBER OF COUNTRIES MANDATING FOOD FORTIFICATION, 2011-2019 29
3.2.1.2 High incidence of allergic diseases 30
3.2.1.3 Growth in health awareness among consumers 30
3.2.1.4 Increasing R&D and production capacity for functional food and beverage products 31
3.2.2 RESTRAINTS 32
3.2.2.1 Higher cost of functional food products due to the inclusion of healthier or naturally sourced ingredients 32
FIGURE 7 FREQUENCY OF FUNCTIONAL FOOD CONSUMPTION GLOBALLY, 2019 32
3.2.2.2 Increasing incidence of allergies and intolerance related to some functional ingredients 32
3.2.3 OPPORTUNITIES 33
3.2.3.1 Development of different techniques to create high-value natural carotenoids 33
FIGURE 8 CAROTENOIDS PROCESSING, BY TECHNOLOGY 33
3.2.3.2 Alternative sources to obtain omega-3 33
TABLE 2 UPCOMING ALTERNATIVE SOURCES FOR OMEGA-3 FATTY ACIDS 34
3.2.3.3 Growth in the retail sector of emerging countries 34
FIGURE 9 INDIA: RETAIL MARKET SIZE, 2021 (USD BILLION) 35
FIGURE 10 AUSTRALIA: RETAIL SALES OF FUNCTIONAL AND FORTIFIED FOOD PRODUCTS, 2018-2022 (USD MILLION) 35
FIGURE 11 INDIA: ONLINE RETAIL MARKET SIZE, 2021 (USD BILLION) 36
3.2.4 CHALLENGES 36
3.2.4.1 Complexities related to the integration and adulteration of functional food products 36
3.2.4.2 Off-taste and flavor of functional ingredients 37
3.3 REGULATORY LANDSCAPE 37
3.3.1 NORTH AMERICA 37
3.3.1.1 US 37
3.3.1.2 Canada 37
3.3.2 EUROPEAN UNION (EU) 38
3.3.3 ASIA PACIFIC 38
3.3.3.1 Japan 38
3.3.3.2 China 38
3.3.3.3 India 38
3.3.3.4 Australia & New Zealand 39
3.3.4 LATIN AMERICA 39
3.3.4.1 Brazil 39
3.3.4.2 Mexico 39
3.3.4.3 Argentina 40
3.3.5 MIDDLE EAST 40
3.4 SUPPLY CHAIN ANALYSIS: FUNCTIONAL FOODS MARKET 41
FIGURE 12 PRODUCT DEVELOPMENT AND MANUFACTURING PLAY A VITAL ROLE IN
THE SUPPLY CHAIN FOR THE FUNCTIONAL FOODS MARKET 41
3.5 VALUE CHAIN ANALYSIS 42
FIGURE 13 FUNCTIONAL FOODS MARKET: VALUE CHAIN 42
3.5.1 SOURCING OF RAW MATERIALS 42
3.5.2 PRODUCTION & PROCESSING 43
3.5.3 DISTRIBUTION, MARKETING, AND SALES 43
3.6 PRICING ANALYSIS: FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE 43
FIGURE 14 PRICING TREND OF FUNCTIONAL FOOD INGREDIENTS,
2017-2020 (USD/KG) 44
3.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESS 44
FIGURE 15 REVENUE SHIFT FOR THE FUNCTIONAL FOODS MARKET 45
3.8 TRADE ANALYSIS 45
TABLE 3 KEY EXPORTING COUNTRIES WITH EXPORT VALUE OF VITAMINS & VITAMIN SUPPLEMENTS, 2019 (USD MILLION) 45
3.9 COVID-19 SPECIFIC TRENDS 47
3.9.1 COVID-19 BOOSTED THE DEMAND FOR HIGH-QUALITY AND PREMIUM PRODUCTS 47
3.9.2 COVID-19 IMPACT ON RAW MATERIAL AVAILABILITY AND SUPPLY CHAIN DISRUPTION 48
3.9.3 COVID-19 TO SHIFT THE DEMAND TOWARD PLANT-SOURCED INGREDIENTS 48
4 SKIN HEALTH/DERMATOLOGY FUNCTIONAL FOODS MARKET,
BY AREA OF USE 49
4.1 INTRODUCTION 49
TABLE 4 DERMATOLOGY FUNCTIONAL FOODS MARKET, BY AREA OF USE,
2019-2026 (USD MILLION) 49
4.1.1 SKIN CONDITIONS 49
TABLE 5 DEFICIENCY OF MACRONUTRIENTS AND MICRONUTRIENTS RELATED TO SKIN CONDITIONS 50
TABLE 6 DERMATOLOGY FUNCTIONAL FOODS MARKET FOR SKIN CONDITIONS,
BY REGION, 2019-2026 (USD MILLION) 50
4.1.2 ANTI-AGING 51
TABLE 7 DERMATOLOGY FUNCTIONAL FOODS MARKET FOR ANTI-AGING USAGE,
BY REGION, 2019-2026 (USD MILLION) 51
4.1.3 ANTI-ALLERGY 51
TABLE 8 DERMATOLOGY FUNCTIONAL FOODS MARKET FOR ANTI-ALLERGY USAGE,
BY REGION, 2019-2026 (USD MILLION) 53
4.2 RELATED MARKETS 53
4.2.1 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE 53
TABLE 9 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE,
2019-2026 (USD MILLION) 54
4.2.2 FUNCTIONAL FOOD INGREDIENTS MARKET, BY SOURCE 54
TABLE 10 FUNCTIONAL FOOD INGREDIENTS MARKET, BY SOURCE,
2019-2026 (USD MILLION) 54
5 SKIN HEALTH/DERMATOLOGY FUNCTIONAL FOODS MARKET, BY REGION 55
5.1 INTRODUCTION 55
TABLE 11 DERMATOLOGY FUNCTIONAL FOODS MARKET, BY REGION,
2019-2026 (USD MILLION) 55
5.2 NORTH AMERICA 56
TABLE 12 US: MACROINDICATORS 56
TABLE 13 CANADA: MACROINDICATORS 57
TABLE 14 NORTH AMERICA: DERMATOLOGY FUNCTIONAL FOODS MARKET,
BY COUNTRY, 2019-2026 (USD MILLION) 57
TABLE 15 NORTH AMERICA: DERMATOLOGY FUNCTIONAL FOODS MARKET,
BY AREA OF USE, 2019-2026 (USD MILLION) 57
5.3 EUROPE 58
TABLE 16 UK: MACROINDICATORS 59
TABLE 17 GERMANY: MACROINDICATORS 59
TABLE 18 EUROPE: DERMATOLOGY FUNCTIONAL FOODS MARKET, BY COUNTRY,
2019-2026 (USD MILLION) 59
TABLE 19 EUROPE: DERMATOLOGY FUNCTIONAL FOODS MARKET, BY AREA OF USE, 2019-2026 (USD MILLION) 60
5.4 ASIA PACIFIC 60
TABLE 20 CHINA: MACROINDICATORS 61
TABLE 21 JAPAN: MACROINDICATORS 61
TABLE 22 INDIA: MACROINDICATORS 61
TABLE 23 ASIA PACIFIC: DERMATOLOGY FUNCTIONAL FOODS MARKET, BY COUNTRY, 2019-2026 (USD MILLION) 62
TABLE 24 ASIA PACIFIC: DERMATOLOGY FUNCTIONAL FOODS MARKET,
BY AREA OF USE, 2019-2026 (USD MILLION) 62
5.5 REST OF THE WORLD 62
FIGURE 16 ROW: RISING PER CAPITA FOOD EXPENDITURE, BY KEY COUNTRY,
2012-2018 (USD) 63
TABLE 25 BRAZIL: MACROINDICATORS 63
TABLE 26 SAUDI ARABIA: MACROINDICATORS 63
TABLE 27 EGYPT: MACROINDICATORS 64
TABLE 28 REST OF THE WORLD: DERMATOLOGY FUNCTIONAL FOODS MARKET,
BY REGION, 2019-2026 (USD MILLION) 64
TABLE 29 REST OF THE WORLD: DERMATOLOGY FUNCTIONAL FOODS MARKET,
BY AREA OF USE, 2019-2026 (USD MILLION) 64
6 COMPETITIVE LANDSCAPE 65
6.1 OVERVIEW 65
6.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 65
TABLE 30 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN THE DERMATOLOGY FUNCTIONAL FOODS MARKET 65
6.3 MARKET RANKING ANALYSIS 67
FIGURE 17 DERMATOLOGY FUNCTIONAL FOODS MARKET RANKING, BY KEY PLAYER, 2020 67
6.4 COMPETITIVE SCENARIO 68
6.4.1 PRODUCT LAUNCHES 68
6.4.2 DEALS 69
6.4.3 OTHER DEVELOPMENTS 70
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7 COMPANY PROFILES 71
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
7.1 BASF SE 71
TABLE 34 BASF SE: BUSINESS OVERVIEW 71
FIGURE 18 BASF SE: COMPANY SNAPSHOT 72
7.2 ARCHER DANIELS MIDLAND COMPANY 77
TABLE 35 ARCHER DANIELS MIDLAND COMPANY: BUSINESS OVERVIEW 77
FIGURE 19 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT 78
7.3 DUPONT 83
TABLE 36 DUPONT: BUSINESS OVERVIEW 83
FIGURE 20 DUPONT: COMPANY SNAPSHOT 84
7.4 CARGILL, INCORPORATED 89
TABLE 37 CARGILL, INCORPORATED: BUSINESS OVERVIEW 89
FIGURE 21 CARGILL, INCORPORATED: COMPANY SNAPSHOT 89
7.5 DANONE SA 93
TABLE 38 DANONE SA: BUSINESS OVERVIEW 93
FIGURE 22 DANONE SA: COMPANY SNAPSHOT 94
7.6 ARLA FOODS 96
TABLE 39 ARLA FOODS: BUSINESS OVERVIEW 96
FIGURE 23 ARLA FOODS: COMPANY SNAPSHOT 97
7.7 NESTLE SA 100
TABLE 40 NESTLE SA: BUSINESS OVERVIEW 100
FIGURE 24 NESTLE SA: COMPANY SNAPSHOT 101
7.8 KONINKLIJKE DSM N.V. 104
TABLE 41 KONINKLIJKE DSM N.V.: BUSINESS OVERVIEW 104
FIGURE 25 KONINKLIJKE DSM N.V.: COMPANY SNAPSHOT 105
7.9 GLANBIA PLC 108
TABLE 42 GLANBIA PLC: BUSINESS OVERVIEW 108
FIGURE 26 GLANBIA PLC: COMPANY SNAPSHOT 109
7.10 HERBALIFE NUTRITION LTD. 111
TABLE 43 HERBALIFE NUTRITION LTD.: BUSINESS OVERVIEW 111
FIGURE 27 HERBALIFE NUTRITION LTD.: COMPANY SNAPSHOT 112
7.11 AMWAY 114
TABLE 44 AMWAY: BUSINESS OVERVIEW 114
7.12 CHR. HANSEN HOLDING A/S 116
TABLE 45 CHR. HANSEN HOLDING A/S: BUSINESS OVERVIEW 116
FIGURE 28 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT 117
7.13 GENERAL MILLS 119
TABLE 46 GENERAL MILLS: BUSINESS OVERVIEW 119
FIGURE 29 GENERAL MILLS: COMPANY SNAPSHOT 120

7.14 INGREDION INCORPORATED 122
TABLE 47 INGREDION INCORPORATED: BUSINESS OVERVIEW 122
FIGURE 30 INGREDION INCORPORATED: COMPANY SNAPSHOT 123
7.15 KEMIN INDUSTRIES, INC. 125
TABLE 48 KEMIN INDUSTRIES, INC.: BUSINESS OVERVIEW 125