Superfoods Market Share, Size, Trends, Industry Analysis Report, By Type (Grains & Seeds, Vegetables, Herbs & Roots, Fruits, Others); By Application; By Region; Segment Forecast, 2024 - 2032
- Published Date:Mar-2024
- Pages: 114
- Format: PDF
- Report ID: PM2046
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global Superfoods market was valued at USD 179.65 billion in 2023 and is expected to grow at a CAGR of 4.8% during the forecast period.
Increasing consumer focus on maintaining a healthy diet and seeking wellness benefits has driven substantial growth in the food and beverage industry recently, with this trend anticipated to persist in the forecast period, thereby boosting the demand for superfoods.
Rising healthcare expenses, an expanding elderly population, advancements in food technology, evolving lifestyles, and breakthroughs in medical research have positively impacted the demand for superfoods, leading to overall market growth. The increasing desire for natural, nutrient-packed foods rich in vitamins and essential minerals is a key driver propelling the superfoods market. Concerns about obesity and overall health in the U.S. are additional factors contributing to the market's expansion.
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On a global scale, the fruits & vegetables segment is poised for positive growth, propelled by factors like the expanding middle-class population, increased disposable income, rapid urbanization, evolving consumer lifestyles, and a growing preference for veganism. These factors are anticipated to fuel the superfoods market. Noteworthy trends in this segment include the emergence of branding, technological advancements, and the advent of online grocery shopping. Despite these trends, the growth of this emerging segment faces challenges such as price volatility, adverse weather conditions, and quality issues.
Vegans and vegetarians constitute a significant consumer base with a preference for consuming substantial quantities of fruits and vegetables. Additionally, raising awareness about the nutritional content can encourage meatatarians, who lean towards meat consumption, to consider adopting a vegetarian diet.
Industry Dynamics
- Growth Drivers
- Increasing Demand for Nutrient-Dense Foods Expected to Propel the Superfoods Market.
The increased disposable incomes and evolving lifestyles have generated a heightened demand for superfoods. Rising global obesity rates have prompted a shift towards food choices rich in essential minerals and nutrients, yet low in calorie content, driving the growth of the superfoods market. The convenience of consuming many superfoods, such as chia seeds, aligns with busier lifestyles, contributing to industry expansion.
The fruits and vegetables segments within the superfoods market are experiencing robust demand, particularly driven by the increasing number of individuals adopting a vegan diet. Diet trends like paleo-diets and raw food diets further boost these segments. The growing popularity of smoothies, especially within juice diets, is fueling the demand for fruits and vegetables categorized as superfoods. The introduction of natural and healthy juices or juice blends by major beverage companies is expected to propel further growth in these segments in the coming years.
Report Segmentation
The market is primarily segmented based on type, application, and region.
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By Type |
By Application |
By Region |
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By Type Analysis
- The Fruits segment held the largest revenue share in 2023
Fruits are anticipated to play a significant role in the market's growth during the forecast period.
The advantages of fruits, including reduced risk of nutrient degradation and spoilage, make them an attractive option for consumers worldwide. Fresh vegetables and fruits are preferred by the baby boomer demographic. Modern diets like the raw food diet and paleo diet emphasize the health benefits of fresh produce, primarily attracting the younger population. Nevertheless, these health-conscious dietary practices are more prevalent among the older demographic due to health considerations.
The grains & seeds segment is expected to experience the CAGR during the forecast period.
By Application Analysis
- The Beverages segment accounted for the highest market share during the forecast period
With the increasing consumer interest in healthy food and beverage options, Ocean Spray is dedicated to expanding its product line, offering a diverse selection of juice cocktails and blends.
The beverage sector, a relatively recent application for superfoods, is projected to experience moderate growth during the forecast period. The growing emphasis on maintaining a healthy lifestyle and addressing health concerns such as obesity and nutritional deficiencies is expected to drive the demand for superfoods in beverages, contributing to market growth.
Regional Insights
- North America dominated the largest market in 2023
Due to the increasing appeal of products with elevated nutritional content and lower calorie levels, the market for superfoods in this developed region is anticipated to grow. Additionally, substantial research and development efforts and the introduction of advanced monitoring technologies are expected to contribute to the market's expansion.
Europe holds a fastest growing region in the global superfoods market, particularly in Western Europe, characterized by mature and highly intensified agricultural systems. This region benefits from favorable climatic conditions, abundant natural resources, advanced technology, well-educated farmers, and an organized distribution channel led by cooperatives. Optimized farming practices and robust infrastructure contribute to Western European countries securing top positions in global yields for key crops and playing a significant role in the production and export of various agricultural and livestock products. Noteworthy examples include France (wheat and corn), the Netherlands (vegetables), and Iberia (fruits and vegetables). Germany and the U.K. are poised to contribute significantly to the European superfoods market, driven by the increasing emphasis on fiber-fortified products. Additionally, government initiatives and NGO campaigns promoting awareness of superfoods and their health benefits are expected to further stimulate market growth in these countries over the forecast period.
Key Market Players & Competitive Insights
The market is characterized by intense competition, with established players relying on advanced technology, high-quality products, and a strong brand image to drive revenue growth. These companies employ various strategies such as research and development, mergers and acquisitions, and technological innovations to expand their product portfolios and maintain a competitive edge in the market.
Some of the major players operating in the global market include:
- AireTex Compressor
- Apax Partners
- Archer Daniels Midland
- Bulk Superfoods
- Creative Nature
- Del Monte Pacific Group
- Nature’s Superfoods LLP
- NUA Naturals
- Suncore Foods
- Sunfood Superfoods
- The Green Labs LLP
Recent Developments
- In September 2022, Mannatech Incorporated, a global health and wellness company, introduced Superfood Greens and Reds products, incorporating a blend of 20 additional phytonutrients sourced from vegetables, fruits, and other plants.
- In November 2021, Naturya introduced innovative superfood products, including Chia Pudding, featuring a blend of ground and whole Chia seeds with real fruit powders. This product aims to boost immunity, provide protection against oxidative stress, and maintain balanced cholesterol levels.
- In June 2021, Rritual Superfoods Inc has unveiled its premium functional superfoods brand in CVS stores, a major U.S. drugstore chain, with a goal of reaching 1,500 locations by the end of 2021.
Superfoods Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 187.73 billion |
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Revenue forecast in 2032 |
USD 274.42 billion |
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CAGR |
4.8% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments Covered |
By Type, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
The key companies in Superfoods Market include AireTex Compressor, Apax Partners, Archer Daniels Midland, Bulk Superfoods
Superfoods Market Size Worth $ 274.42 Billion By 2032.
Superfoods Market report covering key segments are type, application, and region.
The key driving factors in Superfoods Market are Growing Emphasis on Health and Wellness
The global Superfoods market and is expected to grow at a CAGR of 4.8% during the forecast period.
