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Natural Food & Drinks Market to Surge to $361.3 Billion by 2031, Fueled by Growing Consumer Embrace of Health & Wellness

02-27-2024 10:33 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research (AMR)

/ PR Agency: Allied Market Research
Natural Food & Drinks Market

Natural Food & Drinks Market

According to a new report published by Allied Market Research, titled, "Natural Food & Drinks Market" by Product Type, Distribution Channel, and Packaging: Global Opportunity Analysis and Industry Forecast", 2022-2031, was valued at $120,446.60 million in 2020, and is estimated to reach $361.3 Billion by 2031, growing at a CAGR of 11.44% from 2022 to 2031.

▶️ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/356

Natural food & drinks refer to food products that are manufactured without the use of hormones, antibiotics, or artificial flavors. Stringent regulatory standards do not exist for natural food & drinks in most of the countries. Thus, natural labels are normally used by manufacturers across the globe, due to lack of adequate guidelines. Natural food & drinks are available at several stores that sell organic food products. In 2021, the supermarkets/hypermarkets segment accounted for around two-fifths share of the global natural food & drinks market.

The global natural food & drinks market is characterized by products manufactured without the use of hormones, antibiotics, or artificial flavors. Lack of stringent regulatory standards has led to the widespread use of natural labels by manufacturers. The supermarkets/hypermarkets segment dominated the market in 2021, accounting for a significant share.

Market Dynamics:

Consumer Inclination towards Health & Wellness: Growing consumer preference for health and wellness, safety, social impact, and overall experience in food purchasing decisions is driving the growth of the natural food & drinks industry.

Awareness of Healthy Food Ingredients: Rising awareness about healthy food ingredients presents substantial growth opportunities for health food industry players.

Demand for Non-Genetically Modified Ingredients: Increasing demand for foods with non-genetically modified ingredients, fueled by health awareness and media coverage about the drawbacks of GMOs.

▶️ 𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 https://www.alliedmarketresearch.com/request-for-customization/356

Clean Label Trend: The "clean label" trend, emphasizing products with minimal and natural ingredients, is gaining popularity, driven by media coverage, books, television shows, and celebrity endorsements.

Cost Barrier: The high cost of natural food & drinks compared to conventional products is identified as a hindrance to market growth.

Market Segmentation:
Product Type: Natural food and natural drinks are the two primary categories.
Distribution Channels: Segmented into supermarkets/hypermarkets, natural or health food stores, convenience stores, online retailers, and others.
Packaging: Categorized into paperboard, cans, and others.
Regions: Analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings:
Supermarkets/Hypermarkets Dominance: The supermarkets/hypermarkets segment held a significant share of the market in 2021.
Global Growth Potential: The natural food & drinks market has high growth potential, driven by the inclination of foodservice providers, including restaurants and hotels, toward offering healthy options.

The global natural food & drinks market is witnessing growth propelled by consumer preferences for health and wellness, demand for non-genetically modified ingredients, and the "clean label" trend. While the high cost of natural products poses a challenge, the market is poised for expansion, especially with the influence of foodservice providers and increasing awareness among consumers.

▶️ 𝐁𝐔𝐘 𝐍𝐨𝐰 https://www.alliedmarketresearch.com/checkout-final/622fc802a6a3cedbee62523859cac3ae

The natural food & drinks market is segmented on the basis of product type, distribution channel, packaging, and region. Depending on product type, it is categorized into natural food and natural drinks. As per distribution channels, it is classified into supermarkets/hypermarkets, natural or health food store, convenience stores, online retails, and others. As per packaging, it is categorized into paperboard, cans, and others. According to packaging, it is categorized into paperboard, cans, and others Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY FINDINGS OF THE STUDY

In 2021, North America dominated the global natural food & drinks market, constituting around two-fifths share of the global natural food & drinks market.

The U.S. was the leading consumer of the natural food & drinks across the globe in 2021, and is expected to grow at a highest during the forecast period.

The natural food segment is estimated to grow at a decent CAGR of 11.30% from 2022 to 2031.

The fruits & vegetables segment accounted for one-third share of the global natural food & drinks market.

The supermarkets/hypermarkets segment accounted for the highest natural food & drinks market share in 2021, and is estimated to grow at a CAGR of 13.3%.

The key companies profiled in the report include Archer Daniels Midland Company, Bunge Ltd., Earths Best, Amy's Kitchen, Nestle S.A., 365 Everyday Value, Organic Valley, ConAgra Foods, Dean Foods, and General Mills.

▶️ 𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 https://www.alliedmarketresearch.com/connect-to-analyst/356

𝐂𝐨𝐧𝐭𝐚𝐜𝐭
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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