Global Functional Food and Beverage Market 2025–2034

According to the most recent market research done by the CMI Team, the global Functional Food and Beverage Market is expected to grow at a rate of 7.33% per year from 2025 to 2034. The market is expected to be worth USD 145.31 billion by 2025. It is expected that the value will reach USD 278.96 billion by 2034.

Functional Food and Beverage Market: What Makes It Grow and How It Changes

Rising Health Consciousness: More and more people are learning about how important nutrition and preventive healthcare are, which is driving the demand for functional foods and drinks. People are actively looking for products that can help them with their health, like better digestion, stronger immunity, and weight loss.

Aging Population and Chronic Diseases: The demand for functional foods and drinks is growing because more people are getting older and more people are getting chronic diseases like obesity, diabetes, and heart problems. People think of these products as ways to stay healthy, manage current health problems, and lower the chance of getting diseases related to lifestyle.

Innovation in Product Development: The Functional Food and Beverage Market is growing because of ongoing changes in the way products are made and the ingredients used. Manufacturers are adding new ingredients, fortification methods, and delivery systems to functional products to make them better for your health and more appealing to a wider range of customers.

More and more retail distribution channels, such as supermarkets, health food stores, e-commerce sites, and specialty stores, are making functional foods and drinks easier to find and buy. Manufacturers can reach a wider range of customers and take advantage of new market trends thanks to more shelf space and online visibility.

Regulatory Support and Labeling Standards: Supportive rules and standardized labeling requirements for functional foods and drinks are helping to build consumer trust and grow the market. Consumers can make better choices about what to buy when health claims, ingredient lists, and nutritional information are clearly labeled. This also helps people trust that functional products are safe and effective.

Cultural and Globalization Effects: Globalization and cultural effects are making people all over the world want to eat and drink functional foods and drinks. As people's dietary preferences change, manufacturers are changing the way they make and market their products to fit with different cultural norms, dietary traditions, and lifestyle choices. This opens up new market opportunities and helps people from different cultures accept the products.

Digitalization and technological advancements are changing the way the Functional Food and Beverage Market works. Manufacturers are using technologies like AI, big data analytics, and IoT devices to make production more efficient, improve supply chain management, and make shopping more personal for customers.

Partnerships and acquisitions in the functional food and beverage market

Foods Ingredients came up with the idea for a protein-enriched juice drink in 2022 when they released Lacprodan ISO for fortifying drinks. This new product aims to improve nutrition by giving people a quick way to get more protein while still enjoying cold drinks.

Hindustan Unilever Ltd (HUL) brought Millet Horlicks in chocolate flavor to Tamil Nadu in 2023. The drink is made with a mix of super-grains like Finger Millet, Sorghum, Foxtail Millet, and Pearl Millet. HUL says that this product is a natural source of calcium, iron, protein, and fiber, making it a healthy addition to their line of products.

The scope of the report

Details of the Report's Feature

The market will be worth $145.31 billion in 2025.

Estimated Market Size in 2034: USD 278.96 Billion

The market will be worth $137.51 billion in 2024.

CAGR Growth Rate: 7.33% CAGR

Year of Base - 2024

Period of Prediction: 2025–2034

Key Segment: By Region, Product, Ingredient, and Application

Report Coverage: Company Profile, Revenue Estimation and Forecast, Competitive Landscape, Growth Factors, and Recent Trends

North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America are all in the scope. Show more