The Food and Drink Federation (FDF ) announced the new 'Lifestyle and Dietary Trends Industry Group' on Friday at a seminar in London.
The group, which will work closely with FDF's scientific and regulatory affairs division, will keep members up to date with the latest consumer and market trends and key research and product developments.
It will also host seminars to promote industry discussion about developments in the sector.
The UK is one of Europe's biggest functional foods markets, growing by 523 per cent from 1997-2003 to reach around £1.2 billion in 2003.
Membership of the group is open to all full FDF members with an interest in lifestyle and dietary trend developments.
The first 10 members include Cadbury Schweppes, Coca-Cola Great Britain and Ireland, Danone, GlaxoSmithKline Consumer Healthcare, Kerry Ingredients, Kraft Foods UK, Masterfoods, McNeil Nutritionals, Nestlé UK and Premier International Foods.
It is chaired by Richard Ross, director of legislation and procedural affairs of Nutritional Healthcare R&D at GlaxoSmithKline.