Press release
Health And Wellness Food Market to Grow at a CAGR of around 6% over the Forecast Period 2018-2025
The health and wellness food market is projected to grow at the most attractive CAGR in the coming years. The market is aimed at preventing disease, help in weight loss, and improve management of health. Since the past couple of years, trends such as healthy eating, nutrition, weight loss, complementary and alternative medicine, preventative and personalized health, and beauty and anti-aging have contributed significantly in the rise of the health and wellness market.Growing need for probiotic products and demand for functional foods, innovative product packaging and increased awareness about the benefits of natural and herbal products are the key factors driving the growth of the market. Moreover, changing lifestyle among individuals in developed and developing nations and rising cases of mental illness has given rise to healthy eating habits, which are likely to fuel the market demand over the forecast period.
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Market Segment by Manufacturers, this report covers:
Danone, General Mills, GlaxoSmithKline, Kellogg, Nestlé, PepsiCo, and More
The global health and wellness food market is the largest growing industry around the globe. It is often cited as the “next trillion dollar industry” incorporating several industries under it like nutraceuticals and cosmeceuticals. Moreover, the market is expected to grow at a CAGR of approximately 6% during the forecast period.
Types:
Functional Food, Naturally Health Food, Better-For-You (BFY) Food, Food Intolerance Products, Organic Food, and More
Application:
Online Retail, Offline Retail and More
Regions:
North America – US and Canada
Europe – UK, Germany, Italy, and France
APAC – China, Japan, and India
LAMEA – GCC Countries, Mexico, and Africa
Rising trend of a healthy lifestyle will boost the health and wellness food market demand worldwide
Increasing concerns about the importance of a balanced diet and regular physical activity to avoid the growing incidences of disease are making people move towards organic eating. People have started adopting healthy and active lifestyles by changing their eating habits which will boost the health and wellness food market
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Naturally health food market held the largest market share in the global health and wellness food market
The market is segmented into five product categories including Functional food, Naturally health food, Better-for-you (BFY) food, Food intolerance products, and Organic food. The natural health food market dominated the global health and wellness food market in 2017 with an overall share of approximately 36%. The rising inclination of people towards chemical free and unprocessed food will help in identifying new opportunities and design new growth strategies.
North America dominated the largest market share in 2017 with a market share of approximately 38%
North America accounted for the majority of share in 2017 nearly about 38% owing to technological advancements in the food and beverage industry. Increasing consumer awareness is one of the key trends that is expected to aid the market for health and wellness food in this region.
The market is inclined on continuously introducing new products to satisfy customer demands. For example, Arbonne International has launched a new line of clean and plant-powered supplements under the name Arbonne Phytosport. The product provides a blend of botanicals like cayenne and ginseng to improve body performance, blood circulation, and turmeric for joint support.
The growing demand for natural and organic products has influenced vendors to increase their product portfolio. The leading players in the market include Danone, General Mills, GlaxoSmithKline, Kellogg, Nestlé, PepsiCo among others.
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