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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Asia Pacific Functional Food Market Outlook

The Asia Pacific functional food market size was valued at USD 353.42 million in 2024, driven by the increasing awareness about healthcare and consuming highly nutritional food across Asia Pacific. The market size is anticipated to grow at a CAGR of 7% during the forecast period of 2025-2034 to achieve a value of USD 649.75 million by 2034.

Functional Food: Introduction

Functional foods, also known as nutraceuticals, are basically highly nutritious food items which provide numerous healthy benefits and are quite powerful in nature. They provide protection against diseases, revert nutritional deficiencies by promoting better immunity functionality. Dietary supplements are also a type of functional food items which are used to improve overall health of an individual and provide even targeted health benefits. Food items that are loaded with nutritional value are also considered as functional foods, such as fruits and vegetables, that are loaded with vitamins, fibre, probiotics, and minerals.

Asia Pacific Functional Food Market Analysis

The increasing awareness among people about the importance of conducting healthy lifestyles and consuming healthy and balanced diets is significantly adding to the Asia Pacific functional food market growth. Additionally, the key players in the market are also focusing on increasing the range of their products in the functional foods category, such as offering nutritious beverages. The consumption of highly nutritious food items is an absolute necessity, and many key players are introducing products with high nutritious values.

Key players across the region are focusing on products which can meet both nutrient and taste value, at an affordable price point. They are working on the development of products which can help the consumers achieve the nutritional requirement of the body. The development of such food items in the form of supplements is also anticipated to add to the Asia Pacific functional food market development.

The rising awareness about the importance of maintaining good health among the consumers is primarily aiding the market growth. Other factors which are propelling the growth of the market include the rising healthcare expenses and the rising prevalence of diseases triggered by lack of nutrients. The rising trend of fitness and athletic physique is also a key factor leading to increased demand for functional food.

Asia Pacific Functional Food Market Segmentations

Market Breakup by Source

  • Plants 
  • Animals

Market Breakup by Product Type

  • Prebiotics and Probiotics
  • Dietary Fibers
  • Minerals
  • Fatty Acids (Omega-3 Fatty Acids)
  • Carotenoids
  • Vitamins
  • Others

Market Breakup by Applications

  • Cardio Health
  • Immunity
  • Digestive Health
  • Sports Nutrition
  • Weight Management 
  • Clinical Nutrition
  • Others

Market Breakup by Distribution Channel

  • Store-Based
  • Non-Store-Based

Market Breakup by Region

  • China
  • Japan 
  • India 
  • ASEAN 
  • Australia 
  • Others

Asia Pacific Functional Food Market Overview

The increasing awareness about healthcare and consuming highly nutritional food is increasing the demand for functions food in the Asia pacific region. Increasing availability and affordability of functional foods across different distribution channels has also been contributing to the Asia Pacific functional food market expansion. More people choosing to consume functional foods to maintain a healthy lifestyle is creating high demand in the market which is making key players in the market to manufacture more functional food so as not to distress the supply chain in the market. The rapid development of fitness and healthcare sector in the region are also anticipated to add to the overall market in the coming years.

Asia Pacific Functional Food Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

  • MEIJI Holdings Co Ltd. 
  • Nestle 
  • Yakult Honsha Co Ltd. 
  • The Coca-Cola Company 
  • BASF SE 
  • Kellogg Company 
  • GlaxoSmithKline Company 
  • PepsiCo Inc. 
  • General Mills, Inc. 
  • Agro Tech Foods Ltd.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • Product Type
  • Applications
  • Distribution Channel
  • Region
Breakup by Source
  • Plants 
  • Animals
Breakup by Product Type
  • Prebiotics and Probiotics
  • Dietary Fibers
  • Minerals
  • Fatty Acids (Omega-3 Fatty Acids)
  • Carotenoids
  • Vitamins
  • Others
Breakup by Applications
  • Cardio Health
  • Immunity
  • Digestive Health
  • Sports Nutrition
  • Weight Management 
  • Clinical Nutrition
  • Others
Breakup by Distribution Channel
  • Store-Based
  • Non-Store-Based
Breakup by Region
  • China
  • Japan 
  • India 
  • ASEAN 
  • Australia 
  • Others
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • MEIJI Holdings Co Ltd. 
  • Nestle SA
  • Yakult Honsha Co Ltd. 
  • The Coca-Cola Company 
  • BASF SE 
  • Kellogg Company 
  • GlaxoSmithKline Company 
  • PepsiCo Inc. 
  • General Mills, Inc. 
  • Agro Tech Foods Ltd.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market attained a value of about USD 353.42 million in 2024, driven by the rising demand for healthy and nutritious food.

The market size is anticipated to grow at a CAGR of 7% during the forecast period of 2025-2034 and reach a market value of USD 649.75 million by 2034.

The increasing focus of key players on developing and expanding their product ranges is a major trend aiding the market growth.

They key drivers of the market include the rising disposable incomes, rising demand for nutritious food, increasing awareness about the importance of maintaining healthy diets and overall health.

The major regions of the market include China, Japan, India, ASEAN, and Australia, among others.

The different sources of functional food in the market are plants and animals.

The different types of products in the market are prebiotics and probiotics, dietary fibers, minerals, fatty acids (omega-3 fatty acids), carotenoids, and vitamins, among others.

Functional food products find wide applications in cardio health, immunity, digestive health, sports nutrition, weight management, and clinical nutrition, among others.

The different distribution channels in the market include store based and non-store-based channels.

Key players involved in the market are MEIJI Holdings Co Ltd., Nestle SA., Yakult Honsha Co Ltd., The Coca-Cola Company, BASF SE, GlaxoSmithKline Company, PepsiCo Inc., General Mills, Inc., Agro Tech Foods Ltd., and Kellogg Company.

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