Health and Wellness Foods

Health and Wellness Foods

Global Health and Wellness Foods Market to Reach US$1.6 Trillion by 2030

The global market for Health and Wellness Foods estimated at US$925.7 Billion in the year 2023, is expected to reach US$1.6 Trillion by 2030, growing at a CAGR of 7.9% over the analysis period 2023-2030. Naturally Healthy Foods, one of the segments analyzed in the report, is expected to record a 9.0% CAGR and reach US$627.0 Billion by the end of the analysis period. Growth in the Functional Foods segment is estimated at 7.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$282.1 Billion While China is Forecast to Grow at 10.8% CAGR

The Health and Wellness Foods market in the U.S. is estimated at US$282.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$210.7 Billion by the year 2030 trailing a CAGR of 10.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.0% and 7.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.

Global Health and Wellness Foods Market - Key Trends & Drivers Summarized

Health and wellness food refer to foods that are generally associated with unique health advantages when compared to other general foods. Health and wellness foods are thus foods or beverages, which are capable of imparting a physiological benefit aimed at improving overall health, helping in the prevention or treatment of a disease, or enhancing physical or mental performance due to the addition of a functional ingredient or through change in processing. These foods often include functional ingredients that provide additional health benefits beyond basic nutrition, such as vitamins, minerals, probiotics, antioxidants, and omega-3 fatty acids. Health and wellness foods can be broadly categorized into Naturally Healthy Foods, Functional Foods, Better-for-you (BFY) Foods, Food Intolerance Products, and Organic Foods.

Advancements and scientific research have significantly influenced the development and diversity of health and wellness foods. Innovations in food processing and preservation have enabled the production of nutrient-dense foods with extended shelf lives, while maintaining their health benefits. Advances in biotechnology have led to the fortification of foods with essential nutrients and the creation of functional ingredients that target specific health conditions. The rise of personalized nutrition is enabling the creation of customized dietary plans and products tailored to individual health needs and preferences. Additionally, the trend towards sustainability and eco-friendly practices has led to the growth of organic and plant-based food products, which are perceived as healthier and more environmentally friendly options.

The growth in the health and wellness foods market is driven by several factors. Growing consumer awareness about the importance of a balanced diet and preventive health measures is driving the demand for health and wellness foods. The increasing prevalence of chronic diseases and lifestyle-related health issues has heightened consumer awareness about the importance of a healthy diet, driving demand for foods that promote health and prevent disease. Advancements in food science and nutrition are making it possible to develop more effective and appealing health and wellness products. The expanding middle class in emerging economies, with higher disposable incomes and greater health consciousness, is also fueling market growth. The rise of e-commerce and digital marketing has made it easier for consumers to access a wide range of health and wellness products, further boosting market expansion. These factors, combined with ongoing innovation and the growing trend towards holistic health and well-being, are ensuring robust growth in the health and wellness foods market.

Select Competitors (Total 237 Featured) -

• Abbott Laboratories
• Aleia’s Gluten Free Foods, LLC
• Amy’s Kitchen, Inc.
• Archer-Daniels-Midland Company
• Arla Foods amba
• Bayer AG
• Blue Diamond Growers
• Bob’s Red Mill Natural Foods
• Cargill Incorporated
• Chiquita Brands
• Chobani Global Holdings, LLC
• Danone S.A.
• Glanbia PLC
• Kellogg Co.
• Mars, Incorporated
• Nestlé SA
• The Procter & Gamble Company
• United Natural Foods, Inc. (UNFI)

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