Functional Nutrients Market Size, Share, Growth Analysis, By Type(Vitamins, Carotenoids), By Distribution Channel(OTC, Prescription) - Industry Forecast 2024-2031

Functional Nutrients Market size was valued at USD 280.7 billion in 2019 and is poised to grow from USD 304.56 billion in 2023 to USD 634.66 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

Functional nutrients have unique health benefits that go beyond the typical daily intake of nutrients, such as increased bone health, cholesterol management, improved heart health, and various eye health and eyesight benefits. Market expansion is expected to be driven by rising demand for nutritious and fortifying food additives. Food makers are fortifying their products with nutritious additions such as omega-3 fatty acids, fiber, vitamins, and minerals. The goal of adding the aforementioned chemicals into the food business is to boost the nutritious value of food items.

The rising commercialization of sports nutrients and the availability of a diverse product range, including creatine and whey protein-based functional food, functional food has emerged as the largest market in sports nutrition. Demand for functional food has increased over the last decade as new product-type introductions have saturated the food industry.

US Functional Nutrients Market is poised to grow at a sustainable CAGR for the next forecast year.