Research and Markets has announced the addition of the "Heart Health Functional Food Market: APAC Industry Analysis and Opportunity Assessment, 2016-2026" report to their offering.

The Asia Pacific (APAC) heart health market is expected to reach US$ 655.7 Mn by the end of 2026.

The sales revenue is also expected to increase at a CAGR of 6.8% over the forecast period. As people aged 45 years and above are more prone to chronic diseases, people prefer to take preventive measures instead of cures, which is a factor driving demand for health supplements and functional foods.

Among all product type segments in the heart health functional food market, revenue from the dairy product segment is anticipated to lead with a CAGR of 7.7% (2016-2026). This segment is expected to remain dominant and anticipated to account for 31.8% value share over the forecast period. The edible oil segment is estimated to account for major value share in 2016, owing to continuous development and launch of edible oils with omega 3 and plant sterol, which is expected to fuel growth of this segment over the forecast period.

The supermarkets segment is expected to contribute comparatively high revenue among the distribution segments over the forecast period, and is estimated to account for around 35.8% value share of the overall APAC market by 2016 end. The hypermarkets segment is also expected to witness favorable revenue growth in the Asia Pacific heart health functional food market, registering a CAGR of 7.2% over the forecast period. This segment is projected to create incremental $ opportunity of US$ 128.9 Mn between 2016 and 2026.

Markets in China and Japan are expected to contribute significantly to the overall revenue growth of the APAC heart health functional food market. Increasing prevalence of chronic diseases, coupled with rising inclination of consumers towards preventive measures in the region are factors expected to fuel growth of the APAC heart health functional food market. Among countries in the region, Japan is estimated to account for majority in terms of revenue share at 28.7% in 2016, followed by China. Sales of breakfast cereals in China, Japan and India is estimated to collectively account for over 68% revenue share of the Asia Pacific heart health functional food market by 2016 end.

Market players

  • Marico Ltd.
  • Kellogg Company
  • Raisio Plc
  • Nestlé S.A.
  • Kalbe Farma Tbk
  • Associated British Foods
  • Ruchi Soya Industries Ltd.
  • Bagrry's India Ltd.
  • PepsiCo Inc.
  • ConAgra Foods, Inc.

For more information about this report visit http://www.researchandmarkets.com/research/7nsh8v/heart_health