Press release
Superfoods Market Size 2023 | Industry Share, Growth, Trends And Forecast 2028
How big is the superfoods market?
The global superfoods market size reached US$ 162.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 226.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.
What is superfoods?
Superfoods are a group of nutrient-dense foods, mainly derived from plants, dairy, and fish products, known to have multiple health benefits while being low in calories. Some popular superfoods include dark leafy vegetables, berries, eggs, legumes, tea, nuts and seeds, dark chocolate, avocado, salmon, roots, and herbs. They are rich in essential vitamins, minerals, antioxidants, fibers, and fatty acids that help prevent various health issues, such as heart diseases, respiratory problems, and digestive disorders, and improve immunity, energy levels, and metabolism. As a result, superfoods find extensive applications in several food products, including instant food mixes, cereals, and confectioneries across the globe.
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What are the growth prospects and trends in the superfoods industry?
The global superfood market is primarily driven by the increasing prevalence of medical ailments, such as diabetes, obesity, and heart-related issues, due to unhealthy dietary patterns and the sedentary lifestyles of individuals. Moreover, the rising health consciousness among individuals and surging awareness about the benefits of a low-calorie and nutritious diet are positively influencing market growth. Additionally, the escalating demand for convenience food products that require less preparation time owing to hectic working schedules and rapid urbanization has catalyzed market growth. Furthermore, several key players are introducing gluten-free and vegan food items, thereby contributing to market growth. Other factors, including the increasing investments in research and development (R&D) activities, the rising number of people adopting veganism, and the rapid expansion of the e-commerce sector, are also anticipated to drive the market further.
What is included in market segmentation?
Breakup by Product Type:
Fruits
Vegetables
Grains & Seeds
Herbs & Roots
Meat
Others
Breakup by Application:
Bakery and Confectionery
Beverages
Supplements
Convenience/Ready-to-Eat Foods
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Independent Small Grocery Stores
Online Sales
Others
Breakup by Region:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Archer-Daniels-Midland Company
Creative Nature Ltd
Del Monte Pacific Ltd
Healthy Truth
Nature's Superfoods LLP
Navitas LLC
Nutrisure Limited (Supernutrients)
Rhythm Superfoods LLC
Suncore Foods Inc
Sunfood Corporation
Superlife Co. Pte. Ltd.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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