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Functional Food Market Size and Share, 2022

The Global Functional Food Market was estimated at USD 196.98 Billion in 2021, and is projected to reach USD 282.01 Billion by 2028, growing at a CAGR of 5.26% over the analysis period.

Functional foods are type of foods that offer health benefits and additional nutritional value to the human body. The foods fortified with fiber, probiotics, prebiotics, vitamins and minerals, as well as fruits, whole grains, fermented foods, seeds, nuts, and vegetables are some of the nutrient-rich functional foods. The modified functional foods such as yogurt, milk, rice, coconut, almond and cashew milk, eggs, granola, pasta and others are some of the healthy alternatives providing nutritional benefits. 

Functional Food market research includes a thorough competitor study analysis and SWOT analysis. According to the market study, report covers key players market share and global impression through collaborations, mergers and acquisitions, joint ventures, partnerships, agreements and product launches. The research examines macroeconomic and microeconomic variables that may affect market demand and growth. The research reports covers COVID-19 impact on  current market position as well as regional analysis for future growth. The market size, share, production, revenue, production, gross margin, pricing, and market-influencing factors are all covered in research report. The market research report is in-depth examined for the relevant time frame.Functional Food MarketRead Complete Research @

Report Scope:

Report Attribute Details
Market Size In 2021 USD 196.68 Billion
Market Size in 2028 USD 282.01 Billion
CAGR Growth Rate 5.26%.
Base Year 2021
Forecast Period 2022 to 2028

Leading Key Players:

  • Merit Functional Foods(Winnipeg)
  • Danone SA (France)
  • Del Monte Pacific Limited (DMPL) (Singapore)
  • Dr Pepper Snapple Group, Inc. (USA)
  • General Mills, Inc. (USA)
  • Glanbia Nutritionals Limited (UK)
  • MaxiNutrition (UK)
  • GNC Holdings, Inc. (USA)
  • Hangzhou Wahaha Group Co., Ltd. (China)
  • Herbalife International, Inc. (USA)
  • Kellogg Company (USA)
  • Meiji Holdings Co., Ltd. (Japan)
  • Natural Products, Inc. (USA)
  • Nestle Nutrition (Switzerland), and other major players.

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Market Dynamics and Factors:


  • Booming Demand for Nutritional and Fortified Food products


  • Expensive Rates of Functional Food Products


  • Adoption of Emerging Technologies in the Functional Food Industry

Market Segment by Ingredient:

  • Probiotics
  • Carotenoids
  • Minerals
  • Proteins & Amino Acids
  • Vitamins
  • Others

 Market Segment by Product:

  • Bakery
  • Cereals
  • Dairy Products
  • Meat
  • Fish
  • Others

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Market Segment by  Application:

  • Sports Nutrition
  • Weight Management
  • Clinical Nutrition
  • Cardio Health

Market Segment by Region:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Industry Development In The Functional Food Market

In November, 2021, Merit Functional Foods, a solutions-based plant protein company, announced that its new 94,000 square-foot facility in Winnipeg, Manitoba, is scaled completely to supply leading food and beverage customers with the best and highest purity pea and canola proteins available for use in plant-based applications.

In August, 2021, Danone expanded its collaboration with artificial intelligence firm Brightseed to investigate the health benefits of plants. Over the forthcoming years, the two firms will together explore the potential of lesser-known plants and many common crops, as well as work on building a framework for a health-focused and regenerative global food system, all while accelerating Danone’s plant-based product development. The partnership may be capable to discover a new category of functional foods that Danone may commercialize across the globe.

Table of Contents

Chapter 1: Introduction

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment

Chapter 4: Market Landscape

Chapter 5: Market by Type

Chapter 6: Market by Application

Chapter 7:  Market by End-User

Chapter 8: Company Profiles and Competitive Analysis

Chapter 9: Global Market Analysis, Insights and Forecast, 2016-2028

Chapter 10: North America Market Analysis, Insights and Forecast, 2016-2028

Chapter 11: Europe Market Analysis, Insights and Forecast, 2016-2028

Chapter 12: Asia-Pacific Market Analysis, Insights and Forecast, 2016-2028

Chapter 13: Middle East & Africa Market Analysis, Insights and Forecast, 2016-2028

Chapter 14: South America Market Analysis, Insights and Forecast, 2016-2028

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

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Key Benefits of Global Market Research Report:

  • Market Segmented by Types, Applications, Regions, and key players
  • Potential Market Drivers. restraints, opportunities and challenges in the study
  • Recent Key industry news, developments and trends
  • Leading Competitive landscape & strategies of industry players
  • Research coves market historical, current, and projected market size and share value
  • In-depth analysis of market in terms of sales, price, revenue, market share, and growth rate
  • Research covers the porter analysis Bargaining Power of Suppliers and consumers, Threats of New Entrants, Substitute Product and Services

About us:

Introspective Market Research ( is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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