Growing consumer interest in a healthy diet and the benefits of wellness has resulted in a thriving food and beverage industry in recent years, and this trend is expected to continue throughout the forecast period. This is expected to drive demand for superfoods in the coming years.
Data Bridge Market Research analyses that the superfood market was valued at USD 152.71 billion in 2021 and is expected to reach the value of USD 339.44 billion by 2029, at a CAGR of 10.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Some of the major players operating in the superfood market are:
- ADM (U.S.)
- Del Monte Pacific Group (U.S.)
- Barlean’s Organic Oils LLC (U.S.)
- Creative Nature (U.K.)
- Rhythm Superfoods LLC (U.S.)
- Navitas Organics (U.S.)
- APAX Partners (U.K.)
- Suncore Foods Inc. (U.S.)
- Bulk Superfoods (Australia)
- Superlife Co. PTE Ltd (India)
- The Green Labs LLC (U.S.)
- Supernutrients (U.K.)
- NATURE SUPERFOODS (Singapore)
- Kilaru Naturals Private Limited (India)
Global Superfood Market Scope
The superfood market is segmented on the basis of type, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Fruits
- Vegetables
- Grains and Cereals
- Meat
- Herbs
- Roots
Application
- Snacks and Savoury
- Beverages
- Bakery and Confectionery
- Convenience/Ready to Eat Foods
- Meat, Fish, and Poultry
- Fruits and Vegetables
- Others
Distribution Channel
- Online
- Offline
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Superfood Market Dynamics
Drivers
- Growing prevalence of chronic diseases is creating demand for nutritious food
One of the key factors positively influencing the market is the rising prevalence of diabetes, obesity, and heart-related medical ailments as a result of sedentary lifestyles and unhealthy dietary patterns. Furthermore, rising health consciousness among individuals and growing awareness of the benefits of a healthy and nutritious diet primarily drive superfood sales. Furthermore, the growing consumer preference for gluten-free and vegan food items presents manufacturers with lucrative growth opportunities.
- Influence of social media and use of superfood ingredients in personal care industry
The market is being driven by the increasing influence of social media and rising investments in celebrity endorsements by industry players. Furthermore, the growing use of superfood ingredients in personal care products such as shampoos, serums, lotions, and body oils is expected to drive market growth. Aside from that, rapid urbanisation and hectic schedules are increasing demand for RTE food products, which is propelling market growth.
Opportunities
The strong distribution network and omni-channel presence of superfood manufacturers will create additional opportunities for the superfood market to grow during the forecast period.
Restraints
However, the high prices of such products are likely to stifle the growth of the superfood market during the forecast period.
This superfood market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the superfood market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support
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