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Functional Food Market: Global Industry Analysis and Forecast 2022-2029 Functional Food market has been witnessing steady growth during the 2022-2029 period. It is anticipated to grow at a CAGR of 10.10% throughout the period of assessment to reflect a market value of US$ 605.55 Bn by 2029 from a value of US$ 280.45 Bn in 2021.