Global Functional Foods Market Size & Outlook, 2023-2030
Global functional foods market, 2017-2030 (US$M)
Related Markets
Global functional foods market highlights
- The global functional foods market generated a revenue of USD 329,655.6 million in 2023 and is expected to reach USD 586,069.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.6% by 2030.
- In terms of segment, prebiotics & probiotics accounted for a revenue of USD 109,987.1 million in 2023.
- Vitamins is the most lucrative ingredient segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 329,655.6 million |
| Market revenue in 2030 | USD 586,069.2 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Prebiotics & probiotics |
| Fastest growing segment | Vitamins |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins |
Other key industry trends
- In terms of revenue, the North America accounted for 24.9% of the global functional foods market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Argentina is the fastest growing regional market and is projected to reach USD 4,262.6 million by 2030.
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Functional Foods Market Scope
Functional Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global functional foods market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to functional foods market will help companies and investors design strategic landscapes.
Prebiotics & probiotics was the largest segment with a revenue share of 33.36% in 2023. Horizon Databook has segmented the Global functional foods market based on carotenoids, dietary fibers, fatty acids, minerals, prebiotics & probiotics, vitamins covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Functional Foods Ingredient Outlook (Revenue, USD Million, 2017-2030)
- Carotenoids
- Dietary Fibers
- Fatty Acids
- Minerals
- Prebiotics & Probiotics
- Vitamins
- Others
- Global Functional Foods Product Outlook (Revenue, USD Million, 2017-2030)
- Bakery & Cereals
- Dairy Products
- Meat, Fish, & Eggs
- Soy Products
- Fats & Oils
- Others
- Global Functional Foods Application Outlook (Revenue, USD Million, 2017-2030)
- Sports Nutrition
- Weight Management
- Immunity
- Digestive Health
- Clinical Nutrition
- Cardio Health
- Others
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Target buyers of Global functional foods market databook
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Our clientele includes a mix of functional foods market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global functional foods market , including forecasts for subscribers. This global databook contains high-level insights into Global functional foods market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global functional foods market size, by regions, 2017-2030 (US$M)
Top 10 countries: Functional foods market size, 2023 (US$M)
Global functional foods market share, by ingredient, 2023 & 2030 (%, US$M)
Functional foods market: Opportunity assessment by country
Global functional foods market, by region, 2023 (US$M)
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