Functional Food Ingredients Market Size

Global Functional Food Ingredients Market size was valued at USD 115.2 Billion in 2023 and is poised to grow from USD 121.53 Billion in 2024 to USD 186.51 Billion by 2032, at a CAGR of 5.5% during the forecast period (2025-2032).

Functional food ingredient manufacturers are slated to invest in ensuring compliance with stringent mandates to maximize their sales potential. Raising awareness regarding the health benefits of functional foods is also slated to be a key strategy for functional food ingredient suppliers in the long run. Functional food ingredient companies can capitalize on the growing popularity of clean-label and plant-based food products through 2031 and beyond. 'Archer Daniels Midland Company', 'Ingredion Incorporated', 'Golden Grain Group Limited', 'FMC Corporation', 'Arla Foods amba', 'Omega Protein Corporation', 'NutriBiotic', 'Kerry Group', 'Beneo', 'Cargill Incorporated', 'Tate & Lyle plc', 'BASF SE', 'Roquette Frères'

Increasing health consciousness and awareness regarding diet and nutrition among people around the world is expected to bolster the global functional food ingredients market growth in the future. Consumers are actively seeking products fortified with vitamins, minerals, probiotics, and antioxidants to address specific health concerns like immunity, digestion, and heart health.

Focusing on Veganism and Plant-based Foods: Functional food ingredient companies can focus on developing and launching new plant-based functional ingredients to maximize their business scope. Growing popularity of veganism is expected to push more people to opt for plant-based diets thereby also favoring the demand for plant-based functional food ingredients as well.

North America is expected to secure the top spot in terms of the global functional food ingredients market size going forward. High consumer spending potential and high awareness regarding functional ingredient benefits are slated to help this region bring in the most revenue of all regions. Growing prevalence of chronic diseases, rising incidence of obesity, and increasing interest in improving fitness and nutrition of American consumers helps this region lead the global functional food ingredient demand outlook. Canada and the United States are forecasted to emerge as the most opportune markets for functional food ingredients vendors operating in the North American region.