PUBLISHER: Meticulous Research | PRODUCT CODE: 1518396
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518396
Superfoods Market by Type (Fruits, Vegetables, Grain & Cereals, Herbs & Roots, and Others); Distribution Channel (Supermarkets/Hypermarkets, Online Retail, Convenience Stores, Specialty Stores, and Others); and Geography-Global Forecast to 2030
According to the research report titled, 'Superfoods Market by Type (Fruits, Vegetables, Grain & Cereals, Herbs & Roots, and Others); Distribution Channel (Supermarkets/Hypermarkets, Online Retail, Convenience Stores, Specialty Stores, and Others); Geography-Global Forecast to 2030,' the superfoods market is projected to reach $281.9 billion by 2030, at a CAGR of 7.2% during the forecast period 2023-2030. The report provides an in-depth analysis of the superfoods market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.
Following extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts an impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of the superfoods market is driven by the growing health & wellness trends, rising regard for plant-based nutrition, a growing number of health-conscious consumers demanding natural food ingredients, and changing lifestyles. However, high prices of superfood products may restrain market growth.
Moreover, increasing awareness about superfoods and innovation and new product developments are expected to create market growth opportunities.
The key players operating in the superfoods market are Sunfood (U.S.), Glanbia plc (Ireland), Nature's Superfoods (Part of Actspand Pte Ltd) (Singapore), Nestle S.A. (Switzerland), The Kraft Heinz Company, Nutrisure Ltd (U.K.), Impact Foods International Ltd. (U.K.), OMG Food Company LLC (U.S.), Ocean Spray (U.S.), TERRASOUL SUPERFOODS (U.S.), Orgain, LLC. (U.S.), and Suncore Foods Inc. (U.S.).
Based on type, the global superfoods market is segmented into fruits, vegetables, grains & cereals, herbs & roots, and others. In 2023, the fruits segment is expected to account for the largest share of the global superfoods market. The large market share of this segment is attributed to its functional properties, including rich antioxidants, minerals & multivitamins, lower risk of nutrient degradation, and easy availability at lower prices.
Based on distribution channels, the global superfoods market is segmented into supermarkets or hypermarkets, online retail, convenience stores, specialty stores, and other distribution channels. The online retail segment is expected to register the highest CAGR during the forecast period of 2023-2030. The growth of this segment is driven by factors such as the wide variety of options available at discounted rates compared to traditional retail stores and the convenience provided by online channels, such as doorstep delivery.
An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. Asia-Pacific is predicted to register the highest during the forecast period. The fast growth of this regional market is mainly attributed to factors such as changing lifestyles and rapid urbanization, the increasing number of supermarkets and hypermarkets, growing awareness about the health benefits of nutritional products, the emerging trend of healthy food & food ingredients, and the rising diabetic & obese population.
Key Questions Answered in the Report-
Superfoods Market Assessment Assessment-by Type
Superfoods Market Assessment Assessment-by Distribution Channel
Superfoods Market Assessment Assessment-by Geography
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)