Global Superfoods Market to Grow at 4.6% During 2024-2032, Impelled by Rising Number of Health-Conscious Consumers

November 04, 2020 | Food & Beverages

According to the recent report by IMARC Group, titled “Superfoods Market Report by Product Type (Fruits, Vegetables, Grains and Seeds, Herbs and Roots, Meat, and Others), Application (Bakery And Confectionery, Beverages, Supplements, Convenience/Ready-To-Eat Foods, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Independent Small Grocery Stores, Online Sales, and Others), and Region 2024-2032,” the global superfoods market reached a value of US$ 171.8 Billion in 2023. Superfoods are mostly plant-based foods and some dairy and fish products which are nutritionally dense and low in calories, which make them good for health. Some of the most commonly consumed superfoods include dark leafy vegetables, berries, eggs, legumes, tea, dark chocolate, nuts and seeds, avocado, salmon, roots, and herbs. They are highly rich in essential vitamins, fatty acids, minerals, antioxidants, and fibers. As a result, superfoods aid in preventing heart diseases, respiratory issues, digestive problems, and diabetes; and improving immunity, energy levels, and metabolism. Due to these benefits, superfoods are being increasingly incorporated in several food products, such as instant food mixes, cereals, and confectioneries.

Global Superfoods Market Trends:

High prevalence of lifestyle diseases like diabetes and obesity have led to various kinds of medical ailments. This has increased consumer interest in a healthy diet and an inclination toward superfoods as they are rich in several nutrients, thereby driving the market growth. Moreover, manufacturers are including superfoods in ready-to-eat food products due to their rising consumption. With the proliferating working population and their inflating income levels, the sales of takeaway food has witnessed a significant growth, which, in turn, has propelled the consumption of superfoods. Furthermore, consumers are becoming conscious regarding the ingredients used in their foods and beverages, thus becoming aware about the adverse effects of artificial ingredients. As a result, the growth of clean-label ingredients has been significant which has compelled the manufacturers to include organic ingredients in their products to create a strong foothold in the market. Consequently, the key players are launching new products keeping the interests of consumers in consideration. On account of these factors, the market is expected to grow at a CAGR of 4.6% during the forecast period (2024-2032). 

Market Summary:

  • Based on the product type, the market has been segmented into vegetables, meat, fruits, grains & seeds, herbs & roots, and others.
  • On the basis of the application, the market has been divided into supplements, bakery and confectionery, convenience/ready-to-eat foods, beverages, and others.
  • Based on the distribution channel, the market has been classified into online sales, specialty stores, convenience stores, independent small grocery stores, supermarkets and hypermarkets, and others.
  • Region-wise, the market has been categorized into Asia Pacific (India, Japan, China, South Korea, Indonesia, Australia, and Others), Europe (France, Germany, Italy, Spain, United Kingdom, Russia, and Others), North America (Canada and the United States), Latin America (Mexico, Brazil, and Others), and Middle East and Africa (Turkey, Saudi Arabia, and Others).
  • The competitive landscape of the market has been analyzed in the report with some of the key players being Sunfood Corporation, Superlife Co. Pte. Ltd., Archer-Daniels-Midland Company, Creative Nature Ltd., Del Monte Pacific Ltd., Nutrisure Limited (Supernutrients), Rhythm Superfoods LLC, Suncore Foods Inc, Healthy Truth, Nature’s Superfoods LLP, and Navitas LLC.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia
Companies Covered Archer-Daniels-Midland Company, Creative Nature Ltd, Del Monte Pacific Ltd, Healthy Truth, Nature’s Superfoods LLP, Navitas LLC, Nutrisure Limited (Supernutrients), Rhythm Superfoods LLC, Suncore Foods Inc, Sunfood Corporation and Superlife Co. Pte. Ltd.
Customization Scope 10% Free Customization
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Global Superfoods Market to Grow at 4.6% During 2024-2032, Impelled by Rising Number of Health-Conscious Consumers
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