USD 7.10 billion
Report ID:
SQMIG30C2089 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
59
|Figures:
75
Superfood Powders Market size was valued at USD 7.61 Billion in 2023 and is poised to grow from USD 8.16 Billion in 2024 to USD 14.23 Billion by 2032, growing at a CAGR of 7.2% during the forecast period (2025-2032).
The increasing awareness among consumers about the importance of adopting a healthy lifestyle has led to a surge in demand for superfood powders across the world. These powders are made by grinding nutrient-rich superfoods into a fine powder that can be added to food and beverages for regular consumption. Superfoods are becoming popular among health-conscious consumers due to their numerous benefits, including immune system support, detoxification, and stress reduction. This trend towards health and wellness products has encouraged food industry brands and companies to expand their product lines to include superfoods, thereby increasing their market share. Superfood powders are derived from antioxidant-rich vegetables and fruits and are designed to enhance overall health and immunity. For instance, moringa, which has detoxifying properties, has been increasingly used in food and beverages, such as green smoothies, teas, and salads. Consumers prefer these products as they are perceived to be ‘natural’ and have minimal impact on the environment, thus satisfying ethical concerns. As diet-related diseases such as obesity and diabetes become increasingly prevalent, consumers are opting for healthy diets that include functional foods with various benefits. This has led to the growing popularity of superfood products worldwide, particularly in the U.S., Canada, Germany, and France. The future market growth is expected to be driven by new product launches. The application of superfoods has also expanded to beverages, with chia seeds, pumpkin seeds, and sunflower seeds being increasingly used in blended powdered form. Superfood brands are incorporating these ingredients to capture a significant market share. Consumers are now seeking foods that boost gut and brain health while also being eco-friendly and socially responsible. Manufacturers are responding by testing alternative crops and aligning with suppliers that offer clean-label or organic goods.
US Superfood Powders Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 7.10 billion
Largest Segment
Fruits and Vegetables Powder
Fastest Growth
Herbs and Roots Powder
Growth Rate
7.2% CAGR
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The Global Superfood Powders market is segmented by type, distribution channel, and region. Based on type, the market can be segmented into fruits and vegetables powder, and herbs and roots powder. Based on distribution channel, the market is segmented into offline market, and online market. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Superfood Powders Market Analysis by Type
By type, the market can be segmented into fruits & vegetables powder and herbs & roots powder. The Fruits and Vegetables Powder segment dominated the Superfood Powders Market. This is mainly due to the high demand for organic and natural products, as well as the increasing awareness of the health benefits associated with consuming fruits and vegetables. Additionally, the ease of preparation and consumption of fruits and vegetable powders make them a popular choice among consumers who are looking for convenient ways to incorporate healthy foods into their diets.
The Herbs and Roots Powder segment is expected to be the fastest-growing segment in the Superfood Powders Market. This is primarily due to the rising demand for natural and plant-based remedies, as well as the increasing popularity of herbal supplements. The use of herbs and roots in traditional medicine has been practiced for centuries, and consumers are now recognizing the benefits of these ingredients in maintaining overall health and well-being.
Superfood Powders Market Analysis by Distribution Channel
By distribution channel, the market can be segmented into offline market, and online market. The offline market dominated the Superfood Powders Market. This is primarily because offline channels, such as specialty stores, health and wellness stores, and supermarkets, have been the traditional channels for purchasing health and wellness products, including superfood powders. Many consumers prefer to buy superfood powders through offline channels as they can physically see and touch the products before making a purchase. Additionally, offline channels offer a wider range of products, and consumers can easily compare prices and products in-store.
The online market segment is expected to be the fastest-growing segment in the Superfood Powders Market. This is because online channels offer convenience and accessibility, and consumers can easily purchase superfood powders from the comfort of their homes. Additionally, the increasing penetration of smartphones, tablets, and other mobile devices has made it easier for consumers to shop online. Moreover, the online market segment is expected to experience growth due to increasing adoption of e-commerce platforms and digital payment systems.
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North America dominated the global market. This can be attributed to the growing demand for health and wellness products and the increasing awareness of the benefits of superfoods among consumers. The market is highly competitive, with several key players, such as Navitas Naturals, Sunfood Superfoods, and Natures Superfoods. The region is expected to maintain its dominance over the forecast period due to the growing demand for natural and organic products.
APAC is expected to have the fastest growth rate. This is due to the increasing health consciousness among consumers, coupled with the rise in disposable income and urbanization. Countries such as China, India, and Japan are expected to witness significant growth in the superfood powders market due to the increasing demand for functional foods. The region is also witnessing a shift towards plant-based diets, which is expected to further drive the demand for superfood powders. Key players in the APAC market include Arjuna Natural Extracts, GMP Pharmaceuticals Pty Ltd, and Herbs India.
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Superfood Powders Market Drivers
Growing awareness and demand for health and wellness products
Superfood Powders Market Restraints
High cost of superfoods
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The global superfood powders market is highly competitive, with several players vying for market share. Companies are focusing on product innovation and development to gain a competitive edge. They are also expanding their distribution networks and engaging in partnerships and collaborations to increase their market reach. Additionally, players are focusing on marketing strategies, such as social media and influencer marketing, to build brand awareness and promote their products. With the increasing demand for health and wellness products, the competition in the superfood powders market is expected to intensify, leading to further product innovation and market growth.
Superfood Powders Market Top Player’s Company Profiles
Superfood Powders Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global superfood powders market analysis, the market is driven by rising consumer awareness of the health benefits of superfoods and a growing interest in health and wellness products. The market is highly competitive, with companies focusing on product innovation, distribution, and marketing strategies to gain market share. However, high costs and limited accessibility may restrain market growth, particularly in emerging economies. The market trend towards organic and clean-label products, along with sustainable and socially responsible practices, is expected to continue shaping the industry. As a result, players in the market will need to adapt and prioritize these trends to meet changing consumer preferences.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.10 billion |
Market size value in 2031 | USD 13.27 billion |
Growth Rate | 7.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Superfood Powders Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Superfood Powders Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Superfood Powders Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Superfood Powders Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30C2089
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