Global Super foods Market

Super Foods Market Size, Share, Growth Analysis, By Application(Beverages, bakery & confectionary, Snacks and Dietary supplements), By Distribution channel(Hypermarkets & supermarkets, Convenience store, Specialty stores, and Online sales channel), By Product(Fruit, Vegetables, Grains, Herbs & roots), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30H2084 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 93 | Figures: 76

Super Foods Market Regional Insights

North America dominates the superfoods market with revenue share of around 42%. The demand for superfoods is growing at a rapid pace due to rising popularity among consumers. The adoption of innovative technologies as well as growing investments in research and development activities is driving the growth of the superfoods market in the North America region. The U.S. Food and Drug Administration recently stated that food makers can now include a qualified health claim on foods containing omega 3 fatty acids that links omega 3 consumption to a lower risk of coronary heart disease.

Europe is expected to develop at a faster rate due to the growing importance of Fiber fortified food products. In addition, the government is also promoting the benefits associated with superfoods by organizing campaigns with NGOs. Due to the favorable climatic condition and presence of advanced farming technology impacts the growth of superfoods positively.

The Asia-Pacific region is also expected to grow at a lesser rate due to increasing working population and lack of physical activity which leads to obesity across the region. It will also expect growth due to rapid urbanization. Countries like Japan, China, and India are projected to increase the consumption of healthy food containing healthy ingredients.

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FAQs

Super Foods Market size was valued at USD 161.11 billion in 2019 and is poised to grow from USD 168.65 billion in 2023 to USD 246.2 billion by 2031, growing at a CAGR of 4.82% in the forecast period (2024-2031).

superfood market is highly fragmented and competitive due to numerous small and local superfood makers. It is fragmented with a huge number of small and micro level suppliers and market players. Major manufacturers includes- Del Monte Pacific Ltd, Archer Daniels Midland, Nature’s, Superfoods LLP. These manufacturers are investing heavily on technological advancement to produce at a cheaper price and acquire the maximum market share. With the new products and businesses settling in the market, promoting superfoods, key players have started producing multiple types of these superfoods. 'Archer Daniels Midland Company (ADM)', 'General Mills Inc.', 'Nestle S.A.', 'Danone S.A.', 'Kellogg Company', 'PepsiCo Inc.', 'Hain Celestial Group', 'SunOpta Inc.', 'Navitas Naturals', 'Naturya', 'Acai Roots', 'Nutiva Inc.', 'Terrasoul Superfoods', 'KonaRed Corporation', 'Arctic Zero', 'Creative Nature', 'Loving Earth Pty Ltd.', 'The Chia Company', 'Berrichi Superfoods', 'Superlife Co. Ltd.'

Due to increasing diseases like obesity and diabetes, people are becoming more health conscious for their health and also the preferences of consumers are changing towards healthy meals due to which the market is expected to grow. The high vitamin and mineral content found in superfoods can help the body to ward off diseases. When it is incorporated into a balanced diet, these foods promote weight loss and reduced effects of aging.

The demand for clean-label and naturally derived products is increasing and clean-label ingredients are gaining in popularity as customers become more interested in knowing what ingredients are in the foods and beverages they eat. This is owing to concerns about the long-term nutritional content of components used in food and beverages, as well as their impact on well-being and environmental sustainability.

North America dominates the superfoods market with revenue share of around 42%. The demand for superfoods is growing at a rapid pace due to rising popularity among consumers. The adoption of innovative technologies as well as growing investments in research and development activities is driving the growth of the superfoods market in the North America region. The U.S. Food and Drug Administration recently stated that food makers can now include a qualified health claim on foods containing omega 3 fatty acids that links omega 3 consumption to a lower risk of coronary heart disease.

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Global Super foods Market

Report ID: SQMIG30H2084

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