China Functional Foods Market Size & Outlook, 2023-2030
China functional foods market, 2017-2030 (US$M)
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China functional foods market highlights
- The China functional foods market generated a revenue of USD 36,776.7 million in 2023 and is expected to reach USD 67,692.3 million by 2030.
- The China market is expected to grow at a CAGR of 9.1% 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.
Functional foods market data book summary
| Market revenue in 2023 | USD 36,776.7 million |
| Market revenue in 2030 | USD 67,692.3 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Prebiotics & probiotics |
| Fastest growing segment | Vitamins |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins |
| Key market players worldwide | Coca-Cola Co, Arla Foods, Amway Malaysia Holdings, Herbalife Ltd, Cargill, General Mills Inc, Basf SE |
Other key industry trends
- In terms of revenue, China accounted for 11.2% of the global functional foods market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan functional foods market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 34,710.6 million by 2030.
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Functional Foods Market Scope
Functional Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 33.14% in 2023. Horizon Databook has segmented the China 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.
The Chinese government has taken numerous initiatives in recent years to promote healthy food and lifestyle benefits and also aims to raise the nutrient intake among consumers. The government also intends to emphasis on nutrient fortified food industry and development of healthy foods in upcoming years. Functional foods industry accounts for over 65% health food market in China and is primarily driven by rising awareness regarding healthy food habits among middle-aged and elderly population.
Functional foods offers numerous health benefits such as fighting fatigue, regulating the immune system and blood lipids and providing nutritional supplements. The increasing penetration in Chinese rural market is also generating lucrative opportunities owing to relatively stronger consumption power in these regions. Besides this, the rapid entry of foreign healthy food is also anticipated to change the functional foods market dynamics over the forecast period.
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Target buyers of China 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 country-level data and insights on the China functional foods market , including forecasts for subscribers. This country databook contains high-level insights into China functional foods market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China functional foods market size, by ingredient, 2017-2030 (US$M)
China Functional Foods Market Outlook Share, 2023 & 2030 (US$M)
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