The Superfoods Global Market Report 2023 by The Business Research Company, provides superfoods market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Superfoods Global Market Report 2023, the market size is expected to grow from $190.48 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The superfoods market size is expected to grow to $256.27 billion in 2027 at a CAGR of 7.7%.
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.
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The superfoods market 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
Personalization in superfoods is a key trend gaining popularity in the superfoods market. Companies are focusing on offering personalized and tailored nutritional superfoods to consumers. For instance, in April 2020, Swiss food company, Nestlé launched a healthy, customizable superfood drink that enables people to personalize healthy superfood drinks, consisting of a digitally connected Q-cup machine and superfood sachets at home or in the office. The superfood sachets are made from ingredients such as fruits, vegetables, nuts, seeds, roots, and microalgae. Consumers can use a smartphone-based application to personalize drink temperature, explore recipe combinations, access nutritional information, and interact with and share recipes with friends.
The superfoods market report table of contents includes:
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Top Major Players
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