Asia Pacific Functional Foods Market Size & Outlook

The functional foods market in Asia Pacific is expected to reach a projected revenue of US$ 221,651.4 million by 2030. A compound annual growth rate of 9.2% is expected of Asia Pacific functional foods market from 2024 to 2030.

Revenue, 2023 (US$M)
$119,599.1
Forecast, 2030 (US$M)
$221,651.4
CAGR, 2024 - 2030
9.2%
Report Coverage
Asia Pacific

Asia Pacific functional foods market highlights

  • The Asia Pacific functional foods market generated a revenue of USD 119,599.1 million in 2023.
  • The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
  • In terms of segment, prebiotics & probiotics was the largest revenue generating ingredient in 2023.
  • Vitamins is the most lucrative ingredient segment registering the fastest growth during the forecast period.
  • Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.

Asia Pacific data book summary

Market revenue in 2023USD 119,599.1 million
Market revenue in 2030USD 221,651.4 million
Growth rate9.2% (CAGR from 2023 to 2030)
Largest segmentPrebiotics & probiotics
Fastest growing segmentVitamins
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCarotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins
Key market players worldwideCoca-Cola Co, Arla Foods, Amway Malaysia Holdings, Herbalife Ltd, Cargill, General Mills Inc, Basf SE

Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 36.3% of the global functional foods market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 221,651.4 million by 2030.

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Functional Foods Market Scope

Functional foods market segmentation & scope
Carotenoids
Dietary Fibers
Fatty Acids
Minerals
Prebiotics & Probiotics
Vitamins
Others
Bakery & Cereals
Dairy Products
Meat, Fish, & Eggs
Soy Products
Fats & Oils
Others
Sports Nutrition
Weight Management
Immunity
Digestive Health
Clinical Nutrition
Cardio Health
Others

Functional Foods Market Companies

Name Profile # Employees HQ Website

Asia Pacific 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 33.52% in 2023. Horizon Databook has segmented the Asia Pacific 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.


  • Asia Pacific Functional Foods Ingredient Outlook (Revenue, USD Million, 2017-2030)
    • Carotenoids
    • Dietary Fibers
    • Fatty Acids
    • Minerals
    • Prebiotics & Probiotics
    • Vitamins
    • Others
  • Asia Pacific Functional Foods Product Outlook (Revenue, USD Million, 2017-2030)
    • Bakery & Cereals
    • Dairy Products
    • Meat, Fish, & Eggs
    • Soy Products
    • Fats & Oils
    • Others
  • Asia Pacific 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 Asia Pacific functional foods market databook

  • Our clientele includes a mix of functional foods market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 continent-level data and insights on the Asia Pacific functional foods market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific functional foods market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific functional foods market size, by country, 2017-2030 (US$M)

Asia Pacific Functional Foods Market Outlook Share, 2023 & 2030 (US$M)

Asia Pacific functional foods market size, by country, 2017-2030 (US$M)

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