Functional food market in India growing at 14-15% – Feedback

The size of the Indian functional food and beverage market was between Rs 46 billion and Rs 49 billion in 2014-15, and it was growing at 14-15 per cent. Although it is at a nascent stage and less than one per cent of the global functional food and beverage market, the key trends are functional yoghurt, fortified biscuits and bread, fortified breakfast cereals, fortified edible oil and functional gum.

This was stated by M M Chitale, director, FBO Consulting and Technical Services, and member, Association of Food Scientists and Technologists (India), Mumbai, at the 2016 edition of Functional Foods and Beverages Summit India, a two-day event organised by Inventicon – Business Intelligence, which kicked off in Mumbai on September 21, 2016. During his presentation on opportunities in the dynamic fast-growing functional foods market, he spoke about functional foods and nutraceuticals, categorised functional foods, non-altered functional foods and enhanced functional foods and stated the potential benefits of the food component.

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