Europe Functional Foods Market Size & Outlook, 2023-2030
Europe functional foods market, 2017-2030 (US$M)
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Europe functional foods market highlights
- The Europe functional foods market generated a revenue of USD 98,270.3 million in 2023.
- The market is expected to grow at a CAGR of 8% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 98,270.3 million |
| Market revenue in 2030 | USD 168,553.5 million |
| Growth rate | 8% (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 |
| 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, Europe region accounted for 29.8% 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 Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 33.33% in 2023. Horizon Databook has segmented the Europe 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.
Population growth, digitalization and urbanization have been major factors driving unhealthy consumer lifestyles and dietary patterns, threating the European population with uncontrollable obesity levels similar to America. In the latter half of the 1990s, the European Commission thus funded an activity to establish a science-based approach to exploring the concept of functional foods.
This Concerted Action, “Functional Food Science in Europe” (FUFOSE), involved a large number of European experts in nutrition and related sciences and produced a consensus report that has become widely used as a basis for discussion in the industry.
The FUFOSE & PASSCLAIM, another research agency has observed several positive outcomes of functional foods on the human body, including healthier growth & development, cardiovascular function and other benefits. Consumers have also been made more aware regarding the advantageous aspects of such foods, leading to higher demand in the region.
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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 continent-level data and insights on the Europe functional foods market , including forecasts for subscribers. This continent databook contains high-level insights into Europe functional foods market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe functional foods market size, by country, 2017-2030 (US$M)
Europe Functional Foods Market Outlook Share, 2023 & 2030 (US$M)
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