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.

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