According to a report by Fact.MR, the global health and wellness foods market is projected to grow at a CAGR of around 6.1% between 2022 and 2032. The market is driven by the increasing awareness about the benefits of healthy eating and the rise in demand for functional foods and dietary supplements.
The report also highlights the growing popularity of plant-based and organic products in the health and wellness foods market. Consumers are becoming more conscious about the impact of their food choices on their health and the environment, leading to a shift towards plant-based and organic options.
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North America is expected to dominate the health and wellness foods market, with the United States being a major contributor to the growth. The Asia-Pacific region is also expected to witness significant growth, driven by the increasing disposable income and changing consumer preferences in countries such as China and India.
Key players operating in the health and wellness foods market include Nestle, PepsiCo, General Mills, Kellogg’s, Danone, and The Coca-Cola Company, among others. These companies are focusing on developing new and innovative products to cater to the changing consumer preferences and stay competitive in the market
Segmentation of Health and Wellness Foods Industry Research
- By Product :
- Naturally Healthy Foods
- Functional Foods
- Better-For-You (BFY)
- Organic Foods
- Food Intolerance Products
- By Distribution Channel :
- By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Key Takeaways from Market Study
- Worldwide sales of health and wellness foods are likely to increase at a CAGR of 6.1% through 2032.
- The European market is projected to hold a share of 33% by the end of 2032.
- Valuation of health and wellness foods is expected to reach US$ 1,495 billion by 2032-end.
- The market in Germany is anticipated to expand at a CAGR of 4.4% through 2032.
As the number of people who are health-conscious grows, a new trend in the wellness food sector is the increasing usage of plant-based diets. A significant trend in the global market is also the rising consumption of various nutritious snacks, such as nutritional bars, hard-boiled eggs, and raw vegetables.
The demand for gluten-free goods is being further fueled by the growing population of people who are intolerant to gluten. Due to growing knowledge of the health advantages of these items, there is also an increase in demand for natural and clean products.
Key Companies Profiled
- Abbott Laboratories
- Bob’s Red Mill Natural Foods
- Amy’s Kitchen
- The Procter & Gamble Company
- EVOLVE Brands LLC
- Nestle SA
𝐖𝐡𝐚𝐭 𝐦𝐚𝐤𝐞𝐬 𝐭𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐟𝐫𝐨𝐦 𝐨𝐭𝐡𝐞𝐫𝐬?
- Analysis of the COVID pandemic’s effects on the market for health and wellness foods, as well as information on the circumstances prior to the pandemic The post-COVID recovery prospects, shifting customer needs, and beneficial purchasing habits are all advantages of this research for businesses that make health and wellness foods.
- Industrial trend analysis: The study examines current trends in the industry of health and wellness foods, which are complemented by relevant technological advancements and modifications to industrial procedures. To assist client companies in understanding the advantages and risks associated with using digital and industrial technologies in light of market developments, the scope for these technologies is examined.
Foods for Health and Wellbeing Sustainability indicators This research focuses on new strategies for assuring sustainability, which raises the issue of environmentally friendly production and consumption to a new level. The climate-friendly efforts that some industry companies have adopted are among these insights. Also, information on a manufacturer’s carbon footprint is assessed in order to inform customers of their contribution to sustainable development goals.