The Global Superfood Market will witness a growth of 4.9% CAGR through 2029- says FMI

The global superfood market size is expected to reach US$ 229.2 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.9% CAGR between 2019 and 2029. According to the report, the rising demand for healthy food will stoke growth of the market. The report covers various growth drivers and restrains impacting the market’s growth trajectory. It discovers hidden opportunities for market players and helps them identify the most lucrative segments within the superfood market.

It includes in-depth insights into the superfood market. Some of these are:

  • The estimated value of the market was at US$ 156.3 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America emerged as a key market for superfood.
  • Europe and Latin America will remain steady as key markets for superfood.
  • Fruits, among product types, is expected to remain the leading segment.
  • Key players are likely to focus on technological advancements and improving their online presence to stay relevant in developed markets.

“As a result of the rising application in food and beverages sectors, the superfood market will gain pace in the coming years,” said a lead analyst at FMI. “North America, Europe, and Latin America will offer lucrative growth opportunities to the market,” he added.

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Rising Demand from Bakeries and Confectionaries Boosts Growth

Growth in the superfood market corresponds directly to the expansion of the food and beverages industry. For instance, the superfood market is witnessing steady rate of growth over the last few years, which is attributable to the rising application in bakeries and confectionaries. Superfood is slowly gaining ground in the beverages sector as well. The increasing health concerns among consumers are reflected in their beverage choices as well. Due to their rising influence, several leading companies in the beverages sector are introducing fresh fruit and vegetable juices and drinks, which is expected to give impetus to the market.

Superfood Market

Who is Winning?

Some of the leading players operating in the superfood market are Sunfood, Barleans, Nature’s Superfoods LLP, OMG! Organic Meets Good, Suncore Foods Inc., Superlife Co. Pte Ltd., Raw Nutrition, ADUNA Ltd and others.

As a result of increasing competition, superfood market players are focusing on expanding their online presence and improving sourcing process. According to the report, the superfood market offers scope for the entry of new players aided by the continuous shift in preferences of consumers towards healthy food. This also creates growth opportunities for the leading market players. The established players in the global superfood market are focusing on expanding their regional footprint and improving their productivity through innovations in technology.

Get Valuable Insights into Superfood Market

Future Market Insights, in its new report, presents an unbiased analysis of the global superfood market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. In terms of type, the market is segmented into fruits, vegetables, herbs and roots, grain and seeds, and others. By distribution channel, the market can be classified into hypermarkets/ supermarkets, online channels, traditional grocery stores, convenience stores and other. Regionally, the market covers North America, Latin America, APEJ, Japan, Oceania, Europe, and the Middle East and Africa.

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Table of Content

  1. Global Super food Market – Executive Summary

    1.1. Global Super food Market Country Analysis

    1.2. Application – Product Mapping

    1.3. Competition Blueprint

    1.4. Technology Time Line Mapping

    1.5. FMI Analysis and Recommendations

  1. Market Overview

    2.1. Market Introduction

    2.2. Market Definition

    2.3. Market Taxonomy

  1. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. End Product Development Trends

  1. Key Success Factors

    4.1. Quality Certification and Claims Impact Analysis

    4.2. Strategic Marketing and Promotional Analysis

  1. Global Super food Market Demand Analysis 2014-2018 and Forecast, 2019-2029

    5.1. Historical Market Volume (Mn MT) Analysis, 2014-2018

    5.2. Current and Future Market Volume (Mn MT) Projections, 2019-2029

    5.3. Y-o-Y Growth Trend Analysis

  1. Global Super food Market – Pricing Analysis

    6.1. Regional Pricing Analysis By Product

    6.2. Pricing Break-up

        6.2.1. Manufacturer Level Pricing

        6.2.2. Distributor Level Pricing

    6.3. Global Average Pricing Analysis Benchmark

  1. Global Super food Market Demand (in Value or Size in US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029

    7.1. Historical Market Value (US$ Mn) Analysis, 2014-2018

    7.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

  1. Market Background

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