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The demand for functional foods is exponentially increasing at a CAGR of 7.9% and is expected to reach USD 275.77 billion by the year 2025 as per survey report by Grand View Research, Inc. The functional food market is mainly led by developed countries like United States, Japan, Great Britain, Netherlands, Germany, France and Spain. The world’s largest market for the functional foods is occupied by United States ($60 billion in 2017), and steady increase of 8% per year is mainly due to demand for health drinks and dairy products [2]. The main category of functional food is dairy products (49%) followed by cereal products (30%) in European countries, whereas in United states and Japan, market is occupied by drinks (60%), cereal products (20% in US) and confectionery products (15% in Japan) [3]. Besides this there is intense demand for natural and functional additives and for health food that is also favoring this market growth. Asia Pacific has emerged as a growing market for functional foods due to a significant increase in income status and health awareness. The consumption and preference for the functional food is controlled by numerous factors like age, gender, income, health status, knowledge and availability etc. [4, 5]. The food like low fat/skimmed milk, cereals, fruit juice, and probiotics are preferred by all age groups; on the contrary, cholesterol lowering and soy based products are predominantly consumed by adults and old age people. The health issues like high blood pressure, high cholesterol level, and diabetes has led to market for cholesterol lowering foods. Instead of relying only on medication to treat diseases, functional food products are approach to deal with symptoms and disease. Different types of functional foods are commercially available in global market (Table 1.1). However, with huge opportunities, the functional food industry also has its share of challenges like product availability; health claims and cost are limiting the growth of functional food market.