India Functional Foods Market Size & Outlook, 2023-2030
India functional foods market, 2017-2030 (US$M)
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India functional foods market highlights
- The India functional foods market generated a revenue of USD 13,024.3 million in 2023 and is expected to reach USD 25,379.1 million by 2030.
- The India market is expected to grow at a CAGR of 10% 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 13,024.3 million |
| Market revenue in 2030 | USD 25,379.1 million |
| Growth rate | 10% (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, India accounted for 4.0% 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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India 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 33.8% in 2023. Horizon Databook has segmented the India 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.
Rapid advancements in product development coupled with the government mandated fortification are the key factors driving functional foods industry growth in India. The shift in trend to prefer food items not only based on nutritional value and taste but also in terms of their ability to improve the well-being and health has led to increased consumption of functional food items.
One in every five people in the population of over 1.33 billion in India are suffering from at least one chronic disease such as respiratory, metabolic and cardiovascular. The increasing epidemic of other chronic diseases including diabetes and various other nutritional challenges has also led to extensive promotion of natural functional foods in India, subsequently driving the market growth. Additionally, demographic changes and urbanization are some other key factors expected to influence market growth.
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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 India functional foods market , including forecasts for subscribers. This country databook contains high-level insights into India functional foods market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India functional foods market size, by ingredient, 2017-2030 (US$M)
India Functional Foods Market Outlook Share, 2023 & 2030 (US$M)
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