Superfoods Market Size, Share & Growth | Industry Report, 2020-2027

 

Superfood Market

The Superfood Market was valued at USD 138 Billion in 2019 and is projected to grow at a CAGR of 5.1% over the forecast period (2020-2027).

The factors driving the growth of Superfood Market includes increasing consumers inclination to adopt healthy lifestyles, rising geriatric population, growing demand for packaged food products and the celebrity’s endorsement about the health benefits of superfood on social media platforms. As per the report published by Bloomberg, the Global Packaged Food Market, is anticipated to reach USD 3,407.2 billion by the end of 2030, growing at a robust CAGR of 5.2% during the forecast period (2021-2030), which will boost the demand for Superfood products in the upcoming years. Moreover, the increase in the number of cardiovascular diseases, diabetes and obesity around the world and growing vegan population, are some of the additional factors, supplementing the Superfood Market size. In addition, the rapid urbanization, increasing application of Superfood in manufacturing shampoos, serums, and body oils, have further propelled the market growth.

However, the growth of Superfood Market is hindered due to fluctuations in the prices of raw materials of superfood products.

The prominent players operating in the market are Raw Nutrition, Barlean’s, ADUNA Ltd., Sunfood LLC., OMG! Organic Meets Good, Nature Superfoods LLP, The Green Labs LLC, Del Monte Pacific Group Ltd, Suncore Foods Inc. and Superlife Co. Pte Ltd. Among others.

Type: Segment Analysis

Based on type, the fruits segment is predicted to capture the highest market share during the forecast period owing to increasing consumption of fruits and rising inclination amongst consumers for adopting healthy diets.

Application: Segment Analysis

Based on application, the beverages segment is expected to grow at a significant CAGR over the forecast period. The increase in the number of sports and physical activities across the globe and growing emphasis on innovating new cocktails by the leading players, are some of the factors responsible for the growth of the segment.

Regional: Segment Analysis

As per Superfood Market Global Industry Trends, the North American region is estimated to lead the market during the forecast period attributed to growing demand for nutrition rich food, increasing investments by major players for developing advanced technologies, high disposable incomes and significant growth in the number of heart diseases. According to Center for Disease Control and Prevention, Heart diseases appears out to be one of the leading cause of deaths in the United States, almost one person dies in every 36 seconds from cardiovascular disease in the United States.

 

 

Market Segmentation

Global Superfood Market by Type

  • Fruits
  • Vegetables
  • Grains & Cereals
  • Herbs & Roots
  • Others

Global Superfood Market by Application

  • Bakery & Confectionery
  • Snacks
  • Beverages
  • Others

Global Superfood Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

 

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Location: United States

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to inv
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B
Read more