Superfood Market Size, Share, Growth Analysis, By Type(Supermarkets/ Hypermarkets, Online Channels, Traditional Grocery Stores, Convenience Stores), By Region - Industry Forecast 2024-2031

Superfood Market size was valued at USD 156.6 billion in 2019 and is poised to grow from USD 166 billion in 2023 to USD 264.57 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).

Superfood demand has benefited from rising healthcare costs, ageing population, food innovations, changing lifestyles, and medical discoveries, which has led to market growth overall. The market is being further boosted by the growing desire for natural, nutrient-rich foods that contain vitamins and critical minerals. Growing worries about obesity and general health in the United States are also fostering market expansion.

Globally, the fruits and vegetable type category is expected to rise favourably as factors such as increasing middle-class population, increase in disposable income, rapid urbanisation, shifting consumer lifestyles, and growing veganism trend. The development of online grocery shopping, increase in branding, and technological improvements are some of the key trends seen in the aforementioned market. However, obstacles like price fluctuation, bad weather, and quality problems limit the expansion of the market. The target consumer group for the consumption of copious amounts of fruits and vegetables has been vegans and vegetarians. Additionally, by raising information about the nutrient content, meatatarians who are more predisposed toward meat consumption may be persuaded to choose vegetarianism.

US Superfood Market is poised to grow at a sustainable CAGR for the next forecast year.