Sat, 30 May 2020

Global Superfoods Industry

New Study On "2019-2025 Superfoods Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast" Added to Wise Guy Reports Database

Introduction: An overview of superfoods

Superfood is used as a marketing term to refer to food that is supposed to have health benefits due to some part of the nutritional analysis or the food itself is overall nutrient density. With less time to eat and more work to do, today's generation is eyeing superfoods as an important inclusion in their daily diet. This has lead to an increase in the variety of superfoods available in the market due to the increased demand and awareness among the customers regarding superfoods.

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The global Superfoods market has been valued at almost US$ 161000 million in the year 2018 and is expected to reach almost US$ 250800 million by the end of the forecast period. The growth rate of the superfoods market is expected to be at a CAGR of almost 6% during the forecast period of 2019-2025.

One of the important growth drivers for the global superfoods market is considered to be the strong distribution network as well as the omnichannel presence of the superfood manufacturers. The rising emphasis on the strengthening multiple channels for the distribution network has the potential to unlock more opportunities for the superfood manufacturers to increase their sales volume and drive the demand for these superfood products during the forecast period.

Market segmentation of the Superfoods market

The increasing demand for superfoods has created several suppliers along with a wide range of products to choose from. For ease of understanding, the superfood market is segmented based on region, applications, product type, and users. The following are the details of each segment

The superfoods market segmentation by Region is as follows

  • North America
  • United States
  • China
  • Canada
  • Mexico
  • Asia-Pacific
  • India
  • Japan
  • Malaysia
  • Philippines
  • South Korea
  • Australia
  • Indonesia
  • Singapore
  • Thailand
  • Vietnam
  • UK
  • Italy
  • Europe
  • Germany
  • France
  • Spain
  • Rest of Central & South America
  • Russia
  • Central & South America
  • Brazil
  • Middle East & Africa
  • GCC Countries
  • South Africa
  • Turkey
  • Egypt

The superfoods market segmentation by product type is as follows

  • Super seeds and Supergrains
  • Superfruits
  • Matcha Powder
  • Edible Seaweed
  • Others

The superfoods market segmentation by end-users is as follows

  • Snacks
  • Beverage
  • Bakery and Confectionery Products
  • Others

The superfoods market segmentation by Application is as follows

  • Offline Retail
  • Online Retail

Industry scenario and future trends

In the superfood market, the super fruit has the largest market share due to the diverse variety that exists. Each super fruit is special because of its unique benefits. The Americans are expected to be the major contributors to the revenue of the superfoods market during the forecast period. The entry of several food and beverages in the superfood industry in the different countries around the world will be one of the important factors that are fueling the growth of the superfoods market at a global level. The superfoods are here to stay and have consistent growth in demand.

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