Health Food Market Overview:
Globally, healthy food is the greatest need in today’s life. Health and wellness products encompass products from personal care and food & beverages industry which are healthy, green, fair, and affordable. The digital presence of health and wellness food products is one of the major trends being witnessed in the global health food market. Health food markets are adopting online platforms for selling their food products in different regions.
The global health food market was valued at USD xx million in 2015 and is projected to increase up to USD xx million by 2023 growing at a CAGR of xx% during the forecast period 2015 to 2023.
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Health Food Market Drivers and Restraints:
People are gradually adopting healthy and active lifestyles, and changing their eating habits by consuming unprocessed and whole grain food, including a diet with varied balanced nutrition. In the global health food market, the demand for natural and herbal products is rising due to the shift in preference from synthetic to more natural formulations. These products have fewer side effects and long-term benefits. It is considered that healthy food as a treatment of many diseases. Thus, the demand of healthy food is rapidly increasing.
Based on the product type, functional food segment held the largest share of health and wellness market in 2017. Functional foods are the medicinal foods that are helpful in preventing diseases, enhancing health and reducing the health care costs. Reduction in the risk of acquiring of various diseases such as stroke, diabetes, heart disease, and osteoporosis are few reasons for the growing demand of health food market. Another important factor driving the growth of the market is the concern about the environment. Pesticides used to thwart pests ranging from bacteria, insects, mites, and mollusks to birds and rodents that not just make their way into the human body but also accumulate in the soil and water. This damages the environment and hence, by consuming inorganic food, humans contribute to degradation.
Health Food Market Geographical Segmentation:
The Health Food Market is geographically segmented into North America, Europe, Asia-Pacific and LAMEA. The growing lifestyle changes coupled with the demand for functional food in the emerging nations is the principal factor propelling the need for healthy food across different regions of the world.
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Health Food Market Key Players:
The key players of the global health food market include Archer Daniels Midland Company, Bunge Ltd, Earth’s Best, Amy’s Kitchen, Nestle S.A., 365 Everyday Value, Organic Valley, ConAgra Foods, Dean Foods, and General Mills, Tyson Foods, Grupo Bimbo, S.A.B. de C.V., Hain Celestial Group, Hormel Foods Corporation, Global Natural Foods Inc., and Ecovia Intelligence.
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