Functional Food Market: Global Industry Analysis and Forecast 2023 – 2030
The Global Functional Food Market was estimated at USD 207.42 Billion in 2022 and is projected to reach USD 313.53 Billion by 2030, growing at a CAGR of 5.30% over the analysis period.
The functional food market has been experiencing significant growth in recent years as consumers become increasingly health-conscious and seek out products that offer added nutritional benefits beyond basic sustenance. Functional foods are those that contain ingredients or components that purportedly provide specific health benefits beyond their basic nutritional value.
Market Growth: The global functional food market has been expanding rapidly, driven by factors such as increasing awareness about health and wellness, rising disposable incomes, and growing concerns about chronic diseases.
Product Diversity: Functional foods encompass a wide range of products, including fortified foods and beverages, probiotics and prebiotics, omega
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