Brand Story
23 Nov 2022, 12:45 GMT+10
The superfood market is likely to obtain growth at an average CAGR of 6% and is forecasted to reach a valuation of USD 299 bn by 2032, while it holds a revenue of USD 166 Bn in 2022.
Higher inorganic and processed food along with social media health trends and latest superfood innovations are fueling the sales of superfoods in the global market. The rising awareness around the benefits of superfood coupled with the rising cases of modern-day health issues such as cardiovascular diseases, diabetes, osteoporosis, obesity, and cancer are pushing people to adopt healthy food items including superfoods.
The superfood market is a new market and industry that largely works on health trends and perceptions. Chia seeds, avocado, moringa, and other fruit and plant-based superfoods are being adopted by the end users as he/she is unable to get enough nutrients from their food intake.
Fruit remains the number one superfood when it comes to the segment. As the end users become conscious of what they eat, the sales of fruits with high fiber, vitamins and proteins are on surge.
Facebook, Instagram, and other social media platforms influence the end users for their food habits. Shifting to a certain diet and showing its results along with health-based influencers exploring superfoods and giving their review helps and influences people to adopt superfoods.
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Key Takeaways from Market Study
"The changing food cycle, use of higher inorganic substances in food processing and cultivation has fueled the demand for superfoods. Pesticides and chemical fertilizers have made the products lower in minerals and vitamins. Therefore, people have now started to shift towards organic food products along with superfoods whose higher nutritional structure helps end users prevent multiple diseases. Some of the latest superfoods that are anticipated to hold the larger portion of superfood industries such as Moringa, Wakame etc. Have already started gaining traction."Says a Future Market Insights analyst while discussing the future of the market.
Competitive Landscape
The superfood market is full of new and old players by the several key vendors present in the market to lift the market share of superfoods. These players have been using different ways to acquire a bigger share of the market in recent years.
The market players work on the organic value of their product while experimenting on it for more health benefits.
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Recent Market Development
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Top Reports Related To Food and Beverage Market Insights
Superfood Powders Market: The Global Superfood Powders Market is expected to reach a market valuation of USD 6,750.0 Mn by the year 2022, accelerating with a CAGR of 7.2% by 2022-2032.
Food Additives Market: From 2022 to 2032, the global Food Additives Market is expected to grow at a CAGR of 6.6%, from USD1800 Mn in the year 2021 to USD 3410 Mn in 2032.
GCC Functional Food Market: GCC Functional Food Market: The revenue generated from the sales of functional foods in GCC countries is estimated to be around US$ 4,895 Mn in 2014, and is projected to expand at a CAGR of 10.9% during the forecast period 2015-2020.
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Raw and Organic Superfoods to Remain the Major Charm in Superfood Market | Study by Future Market Insights Inc. appeared first on Future Market Insights.
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