Japan Functional Foods Market Size & Outlook, 2023-2030
Japan functional foods market, 2017-2030 (US$M)
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Japan functional foods market highlights
- The Japan functional foods market generated a revenue of USD 42,601.2 million in 2023 and is expected to reach USD 76,159.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.7% 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 42,601.2 million |
| Market revenue in 2030 | USD 76,159.4 million |
| Growth rate | 8.7% (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, Japan accounted for 12.9% 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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Japan 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 33.58% in 2023. Horizon Databook has segmented the Japan 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.
Japan has one of the largest per capita spending power in Asia Pacific. Rapidly increasing middle class population coupled with highly health conscious aging population in the region are major driver of the functional foods market in the country.
Additionally, growing health issues related to adoption of an unbalanced western diet, product safety and long office hours are some other factors driving consumer interest towards high performance functional food products.
Numerous policies formulated by the Japanese government in favor of disease prevention in order to reduce the medical costs related to an aging population has also led to diet and lifestyle changes among consumers, positively influencing the functional food industry in the region.
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Target buyers of Japan 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 Japan functional foods market , including forecasts for subscribers. This country databook contains high-level insights into Japan functional foods market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan functional foods market size, by ingredient, 2017-2030 (US$M)
Japan Functional Foods Market Outlook Share, 2023 & 2030 (US$M)
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