Press release
Superfoods Market: Major Key Players, Application, Growth And Analysis, Forecast To 2033
Superfoods Market
The Business Research Company presents an extensive market research report on the Superfoods Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The superfoods market size has grown strongly in recent years. It will grow from $189.67 billion in 2023 to $204.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to health and wellness trends, nutritional benefits, fitness and weight management, rising vegan and vegetarian diets, marketing and media influence.
The superfoods market size is expected to see strong growth in the next few years. It will grow to $281.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to continued health consciousness, functional food and beverages, diverse dietary preferences, e-commerce growth, innovations in product formulations, global culinary integration. Major trends in the forecast period include innovation in superfood snack formats and varieties, utilization of superfoods in beauty and skincare products, introduction of superfood blends and powders, focus on sustainable and ethical sourcing of superfood ingredients, collaborations for research on health benefits of superfoods.
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Key Market Players:
Major companies operating in the superfoods market report are Archer Daniels Midland Company, Nestlé S.A., General Mills Inc., Del Monte Pacific Ltd., Mannatech Incorporated, Sunfood Corporation, Pukka Herbs Ltd., Navitas Organics LLC, Nutiva Inc., Nutriseed Limited, Organic Traditions Inc., Barlean's Organic Oils LLC, Creative Nature Ltd., Pines International Inc., Rainforest Foods Ltd., Suncore Foods Inc., Impact Foods International Ltd., Rhythm Superfoods LLC, Aduna Ltd., Healthy Truth Foods, Nature's Superfoods LLP, Essential Living Foods Inc., Rritual Superfoods Inc., Superlife Co Pte. Ltd., OMG! Organic Meets Good, Food Matters International Pty. Ltd., Imlak'esh Organics, Supernutrients Limited, Matakana SuperFoods Ltd., Organic Burst Limited, Sevenhills Wholefoods Ltd., The Chia Co
Market Drivers:
The increasing number of health-conscious consumers is significantly driving the growth of the superfoods market. Superfoods have high vitamin and mineral content which boosts the immune system and keeps the body healthy. For instance, in January 2022, according to Mindbody, Inc., a US-based wellness services firm that provides cloud-based planning assistance and other administrative solutions, over fifty percent (52%) of Australians were devoted to preserving their general health in order to improve their resilience to disease and illness. Hence, the increasing number of health-conscious people is expected to propel the growth of the superfoods market in the forecast period.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/superfoods-global-market-report
The superfoods market covered in this report is segmented -
1) By Product Type: Fruits, Vegetables, Grains And Seeds, Herbs And Roots, Meat, Other Products
2) By Application: Bakery And Confectionery, Beverages, Supplements, Convenience/Ready-to-Eat Foods, Other Applications
3) By Distribution Channel: Supermarkets/ Hypermarkets, Online Channels, Traditional Grocery Stores, Convenience Stores, Other Distribution Channels
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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