What is the projected growth rate (CAGR) of the Functional Food Market from 2024 to 2031, and what is the market value expected to change by 2031?

Functional Food Market reached US$ 195.4 billion in 2022 and is expected to reach US$ 316.1 billion by 2030 growing with a CAGR of 6.2% during the forecast period 2024-2031.

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What is Functional Food Market?

Functional foods are foods that provide health benefits beyond basic nutrition, offering physiological advantages or reducing the risk of chronic diseases. These include products enriched with vitamins, minerals, probiotics, fiber, antioxidants, or other bioactive compounds. Common examples are fortified cereals, probiotic yogurts, omega-3-rich eggs, and beverages with added nutrients. The functional food market is driven by growing health awareness, lifestyle-related health issues, and the demand for convenient, preventive nutrition solutions. These foods support areas such as immunity, digestion, heart health, and weight management.

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Conclusion

Functional foods are transforming modern nutrition by combining convenience with health benefits, addressing both preventive care and wellness goals. As consumers seek out smarter, health-enhancing dietary choices, the functional food industry is set to expand further with innovation, clean-label demands, and science-backed formulations at its core.

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Top Key Companies:

Lotus Bakeries, Nestlé S.A., Hearthside Food Solutions LLC, Valio Eesti AS, The Kellogg's Company, Abbott Laboratories, PepsiCo Inc., Danone SA, Clif Bar & Company and General Mills.

Market Segments:

By Ingredient: Probiotics, Minerals, Proteins & Amino Acids, Prebiotics & Dietary Fibers, Vitamins, Others

By Product: Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, Fats & Oils, Others

By Application: Sports Nutrition, Weight Management, Clinical Nutrition, Cardio Health, Others

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