Asia Pacific Functional Foods Market Size & Outlook
The functional foods market in Asia Pacific is expected to reach a projected revenue of US$ 221,651.4 million by 2030. A compound annual growth rate of 9.2% is expected of Asia Pacific functional foods market from 2024 to 2030.
Revenue, 2023 (US$M)
$119,599.1
Forecast, 2030 (US$M)
$221,651.4
CAGR, 2024 - 2030
9.2%
Report Coverage
Asia Pacific
Asia Pacific Functional Foods Market, 2017-2030 (US$M)
Global Market
Related Markets
Asia Pacific functional foods market highlights
- The Asia Pacific functional foods market generated a revenue of USD 119,599.1 million in 2023.
- The market is expected to grow at a CAGR of 9.2% 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, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 119,599.1 million |
| Market revenue in 2030 | USD 221,651.4 million |
| Growth rate | 9.2% (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, Asia Pacific region accounted for 36.3% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
Functional Foods Market Scope
Functional Foods Market segmentation & scope
Others
Functional Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| Herbalife Ltd | View profile | 9,200 | Ugland House, South Church Street, P.O. Box 309GT, Grand Cayman, Cayman Islands, KY1-1104 | www.herbalife.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.cargill.com |
| General Mills Inc | View profile | 34,000 | Number One General Mills Boulevard, Minneapolis, MN, United States, 55426 | www.generalmills.com |
| Arla Foods | View profile | 10001+ | Viby, Skane Lan, Sweden, Europe | www.arla.com |
| Amway Malaysia Holdings | View profile | - | Petaling Jaya, Selangor, Malaysia, Asia | www.amway.my |
| Coca-Cola Co | View profile | 79,100 | One Coca-Cola Plaza, Atlanta, GA, United States, 30313 | www.coca-colacompany.com |
| Standard Functional Foods Group | View profile | - | Nashville, Tennessee, United States, North America | www.sffgi.com/ |
| Nutri-Nation Functional Foods | View profile | 51-100 | Port Coquitlam, British Columbia, Canada, North America | nutri-nation.com |
Asia Pacific 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 Outlook will help companies and investors design strategic landscapes.
Prebiotics & Probiotics was the largest segment with a revenue share of 33.52% in 2023.
Horizon Databook has segmented the Asia Pacific 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.
- Asia Pacific Functional Foods Market Ingredient Outlook (Revenue, USD Million , 2017-2030)
- Carotenoids
- Dietary Fibers
- Fatty Acids
- Minerals
- Prebiotics & Probiotics
- Vitamins
- Others
- Asia Pacific Functional Foods Market Product Outlook (Revenue, USD Million , 2017-2030)
- Bakery & Cereals
- Dairy Products
- Meat, Fish, & Eggs
- Soy Products
- Fats & Oils
- Others
- Asia Pacific Functional Foods Market Application Outlook (Revenue, USD Million , 2017-2030)
- Sports Nutrition
- Weight Management
- Immunity
- Digestive Health
- Clinical Nutrition
- Cardio Health
- Others
Reasons to subscribe to Functional Foods Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Functional Foods Market Outlook databook
- Our clientele includes a mix of Functional Foods Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- 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 Asia Pacific Functional Foods Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Functional Foods Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Functional Foods Market, 2017-2030 (US$M)
Asia Pacific functional foods market statistics, by ingredient, 2017-2030 (US$M)
