Global Functional Food Market Size & Outlook, 2025-2031
Global Functional Food Market Size
According to Straits Research analysis, the Global Functional Food Market was valued at USD 338462.11 Million in 2024 and is projected to reach USD 525996.16 Million by 2031, expanding at a CAGR of 6.5% during the forecast period. This growth is primarily driven by the burgeoning health-conscious consumer base seeking nutrient-rich food and the evolving food industry's demand for high-quality ingredients. Key sectors spurring demand include agriculture, with the production of functional crops, and the chemical industry, developing essential food additives. Market expansion is further influenced by emerging trends such as green and sustainable production practices, advancements in food technology, and robust export potential. As a global hub, the region is strategically positioning itself to leverage these market opportunities, signalling promising growth in the Functional Food Market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Functional Food Market Highlights
- In 2024, Powder accounted for the highest share of the Types market size.
- During the forecast period, Liquid is set to register the highest growth, making it the most lucrative Types segment.
- In 2024, Global accounted for % of the global functional food market size.
- By 2031, United States is expected to lead the global functional food market in terms of market size.
- Within Global, North America is projected to dominate the regional functional food market size by 2031.
- Asia Pacific is identified as the fastest-growing market in Global, anticipated to reach USD 215275.32 Million by 2031.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2031 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2031 |
| Market Size In 2024 | USD 338462.11 Million |
| Market Size In 2031 | USD 525996.16 Million |
| Largest segment | Powder |
| Fastest segment | Liquid |
| Units | Revenue in USD Million |
| CAGR | 6.5% (2025-2031) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Global Functional Food Market Share By Types
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Region |
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| Types |
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| By Product |
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| By Applications |
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Global Functional Food Market By Region 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Functional Food Market By Types 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Functional Food Market By By Product 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Functional Food Market By By Applications 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
