Superfoods Market to Surge to $281.9 Billion by 2030

Redding California ,January 24, 2024 - Meticulous Research®, a renowned global market research company, is pleased to unveil its latest research report, 'Superfoods Market by Type (Fruits, Vegetables, Grain & Cereals, Herbs & Roots, and Others); Distribution Channel (Supermarkets/Hypermarkets, Online Retail, Convenience Stores, Specialty Stores, and Others); and Geography-Global Forecasts to 2030.' Published in [Month, Year], this comprehensive analysis illuminates the trajectory of the global superfoods market, projecting a remarkable valuation of $281.9 billion by 2030, with a compelling Compound Annual Growth Rate (CAGR) of 7.2% from 2023 to 2030.

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According to Meticulous Research®, the stellar growth of the superfoods market is primarily driven by escalating health and wellness trends, a surging interest in plant-based nutrition, an expanding community of health-conscious consumers seeking natural food ingredients, and the transformative impact of changing lifestyles coupled with an uptick in chronic diseases. The report underscores the role of increasing awareness about superfoods, innovation, and new product developments as pivotal factors expected to create lucrative growth opportunities. However, the market may face challenges due to the higher prices of superfood products, which could potentially impede growth to some extent.

The superfoods market is meticulously segmented by type (fruits, vegetables, grains & cereals, herbs & roots, and other superfood products), by distribution channel (supermarkets or hypermarkets, online retail, convenience stores, specialty stores, and other distribution channels), and by geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also conducts a thorough evaluation of industry competitors, analyzing market dynamics at regional and country levels.

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Key Highlights from the Report:
• In 2023, the fruits segment is anticipated to dominate the global superfoods market, attributed to its functional properties, including rich antioxidants, minerals, and multivitamins, lower risk of nutrient degradation, and widespread availability at competitive prices.

• The online retail segment is poised to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the diverse array of options available at discounted rates compared to traditional retail stores and the convenience of doorstep delivery.

• North America is projected to command the largest share of the superfoods market in 2023. The region's dominance is driven by a rising demand for nutritional supplements, heightened awareness of the health benefits of superfoods, and an increasing prevalence of chronic diseases. Additionally, North America leads in health and wellness and clean label trends.

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The global superfoods market features a moderately competitive landscape, with a mix of large and small-sized global, regional, and local players. Key players in the market include Sunfood (U.S.), Glanbia plc (Ireland), Nature's Superfoods (Part of Actspand Pte Ltd) (Singapore), Nestlé S.A. (Switzerland), The Kraft Heinz Company, Nutrisure Ltd (U.K.), Impact Foods International Ltd. (U.K.), OMG Food Company LLC (U.S.), Ocean Spray (U.S.), TERRASOUL SUPERFOODS (U.S.), Orgain, LLC. (U.S.), and Suncore Foods Inc. (U.S.).

Meticulous Research® remains committed to delivering insightful market intelligence, empowering organizations to make informed decisions in an ever-evolving business landscape.

Mr. Khushal Bombe
Meticulous Market Research Inc.
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This release was published on openPR.