Functional Food and Nutraceuticals Market Report 2025 (Global Edition)

Global Functional Food and Nutraceuticals Market Report 2025 Market Size Split by Product (Foods, Beverages, Nutraceuticals), by Type (Carotenoid, Food Fiber, Fatty Acids, Soy Phytoestrogens, Natural ...

Functional Food and Nutraceuticals Market Report Description

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Competitive Landscape of the Functional Foods & Nutraceuticals Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Top Companies Market Share in Functional Food and Nutraceuticals Industry: (In no particular order of Rank)

• DSM
• Amway
• Pfizer Inc.
• Nestle
• The Kraft Heinz Company
• The Hain Celestial Group Inc.
• Nature's Bounty
• General Mills Inc.
• Danone
• Tyson Foods.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Functional Foods & Nutraceuticals

Which Region Dominates the Functional Foods & Nutraceuticals Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The market for nutraceuticals and functional foods is expanding rapidly in North America due to growing consumer interest in wellness and health. The market for goods with specific health benefits is driven by the growing emphasis on preventative healthcare and interest in natural cures. Additionally, the region's robust regulatory environment and sophisticated healthcare infrastructure boost consumer confidence and encourage market growth.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase, in the sales of reagents. The market for functional foods and nutraceuticals is expanding significantly in Europe, driven by an increasing focus on wellness and preventive healthcare. Consumer awareness of the importance of nutrition to overall health is driving up demand for functionally beneficial products. In addition, advantageous regulatory environments and a strong emphasis on innovation support the market's growth in the area.

The current report Scope analyzes Functional Food and Nutraceuticals Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Functional Food and Nutraceuticals Market Analysis

According to Cognitive Market Research, the global Functional Foods & Nutraceuticals market size was estimated at USD 24512.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 9804.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031. Growing consumer awareness of the connection between nutrition and health is driving growth in the functional foods and nutraceuticals industry in North America. Convenience-seeking consumers are driving a considerable growth in the functional beverage industry. Consumers are turning to beverages supplemented with vitamins, minerals, and antioxidants to boost their well-being as the emphasis on preventative healthcare grows. The market's growth in the region is further facilitated by supportive regulatory frameworks and a strong emphasis on innovation, which bodes well for future development and innovation in functional foods and nutraceuticals.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Functional Foods & Nutraceuticals market with a market size of USD 7736.05 million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. The demand is amplified by the nation's dynamic scientific landscape, where cutting-edge technologies and a focus on precision medicine propel consistent growth. 
• The Canada Functional Foods & Nutraceuticals market had a market share of USD 1176.59 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. Canada's rising biotechnology sector.
• The Mexico Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 892.24 million in 2024.

 

Europe Functional Food and Nutraceuticals Market Analysis

According to Cognitive Market Research, with a market value of USD 24512.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 7353.66 million. The market for nutraceuticals and functional foods is booming in Europe as consumers place a higher priority on overall wellbeing and health. Fortified dairy products are one market area that is seeing significant growth, appealing to customers looking for easy methods to add nutritious elements like probiotics and calcium to their diets. Europe's market for functional foods and nutraceuticals is expected to develop due to consumer awareness and governmental support for health-oriented products. The region places a high priority on preventative healthcare and has a growing demand for natural and sustainable products.

• The United Kingdom Functional Foods & Nutraceuticals market had a market share of USD 1235.41 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. In the UK, Functional Foods & Nutraceuticals sales witness an upswing due to the nation's robust collaborations between academia and industry. 
• The France Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 676.54 million in 2024.
• According to Cognitive Market Research, the Germany Functional Foods & Nutraceuticals market size was valued at USD 1456.02 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In Germany, Functional Foods & Nutraceuticals sales surge due to the increasing health consciousness. 
• The Italy Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 632.41 million in 2024.
• The Russia Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 1139.82 million in 2024.
• The Spain Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 603.00 million in 2024.
• The Luxembourg Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 227.96 million in 2024.
• The Portugal Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD 154.43 million in 2024.
• The Greece Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 88.24 million in 2024.
• Rest of Europe Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 1139.82 million in 2024.

Asia Pacific Functional Food and Nutraceuticals Market Analysis

According to Cognitive Market Research, the global Functional Foods & Nutraceuticals market size was estimated at USD 24512.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 5637.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031. The market for functional foods and nutraceuticals is expanding in the Asia Pacific area as people place a higher priority on their health and wellbeing. Functional snacks are a prominent market that is expanding because they satisfy consumers' need for portable, wholesome food options. Asia Pacific offers a plethora of prospects for market expansion due to growing health consciousness, rising disposable incomes, and an expanding middle class. Additionally, the region's traditional medical practices and rich culinary legacy support the creation of cutting-edge functional foods and nutraceuticals, which bode well for future market expansion and diversification.

• According to Cognitive Market Research, the China Functional Foods & Nutraceuticals market size was valued at USD 2537.01 million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period. Functional Foods & Nutraceuticals sales surge in China due to the nation's rapid expansion in biopharmaceuticals.
• The Japan Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 778.02 million in 2024.
• The India Functional Foods & Nutraceuticals market had a market share of USD 676.54 million in 2024 and is projected to grow at a CAGR of 9.4% during the forecast period. The demand is augmented by India's trend towards preventive healthcare and personalized nutrition.
• The South Korea Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 563.78 million in 2024.
• The Australia Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 293.17 million in 2024.
• The South East Asia Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 8.6% during the forecast period with a market size of USD 389.01 million in 2024.
• The Rest of Asia Pacific Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 400.28 million in 2024.

 

South America Functional Food and Nutraceuticals Market Analysis

According to Cognitive Market Research, the global Functional Foods & Nutraceuticals market size was estimated at USD 24512.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 1225.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031. The market for nutraceuticals and functional foods is expanding in Latin America as people adopt more health-conscious lifestyles. Functional beverages, which provide quick and hydrating solutions enhanced with vitamins, minerals, and antioxidants, are a major market sector propelling growth. Latin America offers a plethora of prospects for market expansion due to its increased emphasis on natural medicines and preventive healthcare. The market's strong growth trajectory is also attributed to favorable regulatory conditions and rising consumer awareness, suggesting that the functional foods and nutraceuticals industry in the region will continue to gain traction.

• According to Cognitive Market Research, the Brazil Functional Foods & Nutraceuticals market size was valued at US 524.56 million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. Functional Foods & Nutraceuticals sales flourish in Brazil due to the nation's thriving pharmaceutical industry and increasing investments in healthcare infrastructure.
• The Argentina Functional Foods & Nutraceuticals market had a market share of USD 205.90 million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. The demand is augmented by Argentina's commitment to Consumers are increasingly seeking products that offer health benefits beyond basic nutrition, such as those targeting specific health concerns like heart health, digestion, and immunity. 
• The Colombia Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 109.08 million in 2024.
• The Peru Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 100.50 million in 2024.
• The Chile Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD 88.24 million in 2024.
• The Rest of Latin America Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 197.32 million in 2024.

 

Middle East Functional Food and Nutraceuticals Market Analysis

According to Cognitive Market Research, the global Functional Foods & Nutraceuticals market size was estimated at USD 24512.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 490.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. The market for functional foods and nutraceuticals is expanding in the Middle East and Africa as consumers place a higher priority on health and wellness. Fortified dairy products, which meet the region's propensity for dairy intake and provide functional benefits like probiotics and calcium, are an important market sector driving expansion. The Middle East and Africa provide good prospects for market expansion due to rising levels of urbanization, rising disposable incomes, and greater awareness of the value of nutrition. Additionally, the region's market's growth prospects are further supported by government and healthcare organization initiatives to promote health and wellbeing.

• According to Cognitive Market Research, the GCC Countries Functional Foods & Nutraceuticals market size was valued at USD 209.82 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. Functional Foods & Nutraceuticals sales flourish in the GCC Countries due to the growing awareness of health and wellness coupled with an aging population is a significant driver for the Functional Foods & Nutraceuticals market..
• The Egypt Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 51.48 million in 2024.
• The South Africa Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD 77.46 million in 2024. Functional Foods & Nutraceuticals sales flourish in the South Africa due to the region's strategic investments in healthcare research and advancements.
• The Turkey Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 42.16 million in 2024.
• The Nigeria Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 51.48 million in 2024.
• The Rest of MEA Functional Foods & Nutraceuticals market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 57.85 million in 2024.

Functional Food and Nutraceuticals Market Analysis

Functional Foods & Nutraceuticals Product Segment Analysis

According to Cognitive Market Research, Foods, held the major market share over the forecast period. To improve their health and well-being, consumers are turning more and more towards foods enriched with bioactive substances like probiotics, vitamins, and antioxidants. Growing knowledge of the connection between nutrition and health is fueling demand for functional food products across a range of demographics, which is supporting this trend.

Beverages,is the fastest-growing category over the forecast period. Drinks are driving the market for functional foods and nutraceuticals to rise as consumers look for easy-to-achieve solutions to get healthier. Convenience and claimed health benefits have made functional beverages—fortified with vitamins, minerals, probiotics, and other bioactive ingredients—more and more popular. Growing consumer knowledge of the role that nutrition plays in supporting general health and preventing disease is the driving force behind this trend.

• Foods
• Beverages
• Nutraceuticals

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Functional Food and Nutraceuticals Industry. Request a Free Sample PDF!

Functional Foods & Nutraceuticals Type Segment Analysis

According to Cognitive Market Research, Carotenoids, hold a prominent market share. The market for nutraceuticals and functional foods is expanding as a result of carotenoids' strong antioxidant qualities and well-regarded health advantages. Carotenoids, which are present in fruits, vegetables, and some supplements, are linked to immune system support, eye health promotion, and a lower risk of chronic illnesses. Demand for products containing carotenoids is rising as consumers place a higher value on natural ingredients and preventative health measures.

Food Fiber is the fastest-growing category over the forecast period. Foods and supplements high in fiber are becoming more and more popular as people place a higher priority on digestive health and look for natural ways to enhance overall wellbeing. Food fiber is included in functional foods and nutraceuticals because of its valued properties that improve heart health, help with weight management, and encourage regularity.

• Carotenoid
• Food Fiber
• Fatty Acids
• Soy Phytoestrogens
• Natural Phenolic
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Functional Food and Nutraceuticals Consumer Segment Analysis

According to Cognitive Market Research, Adults, held the major market share over the forecast period. The market for functional foods and nutraceuticals is expanding due to the adult population, who place a high value on preventative health care and look for specialized treatments for particular health issues. Adults are increasingly turning to functional foods and nutraceuticals fortified with specific constituents like vitamins, minerals, antioxidants, and probiotics to support their health goals, with an emphasis on preserving general well-being and preventing age-related diseases.

Children is the fastest-growing category over the forecast period. The market for functional foods and nutraceuticals is expanding due to the growing demand from parents who place a high value on their children's health and wellbeing. Demand for functional meals and nutraceuticals catered to children's needs is rising as there is an emphasis on offering wholesome and practical solutions. Goods enhanced with probiotics, minerals, and vitamins.

• Adults
• Children 
• Elders

Author's Detail

Sneha Singh

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two three years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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