Superfoods Market Size to Hit USD 387750 Million by 2030 at 8.7% CAGR

According to a recent study conducted by Market Research Future (MRFR); a leading business consultancy firm, the global superfoods market is estimated to acquire a size of over USD 387750 Million by the end of 2030. The report further predicts the market to thrive at a healthy CAGR of over 8.7% during the review timeframe.

Superfoods have recently gained a lot of popularity all around the world. These foods not only promote metabolism, support intestinal health, but also give a shield against illness as they are naturally hight in nutrients and include an abundance of vitamins, minerals, enzymes, amino acids, and antioxidants. These superfoods have a low-calorie count but a great nutritious value.
The study shows that the growth rate of the world market for superfoods has skyrocketed in recent years owing to an increased awareness on one’s health and fitness. Additionally, the market for superfoods is anticipated to develop over the next few years as a result of factors including several new product releases and a growing number of health-conscious customers. On the other hand, the escalating rivalry in the worldwide market and the high costs of these food products are anticipated to limit the industry’s expansion in the years to come. However, it is anticipated that during the evaluation period, the market participant would have access to profitable prospects due to the rise in personal disposable income and the aging population.

The market for superfoods experienced a sizable revenue share for the fruit category. Fruit consumption is expected to rise significantly throughout the course of the projected period. Younger individuals are drawn to trendy diets like the raw food and paleo diets because they emphasise the health advantages of consuming fresh produce.

 The study also shows that North America has the largest market share in the global superfoods market while Europe holds the second-largest market share. The  third-largest market share is held by the Asia-Pacific region owing to the presence of highly populous countries like India and China that drives more market demand in this region. Also, increasing per capita disposable income is another factor that drives the market demand in this region. Increasing fitness and wellness awareness is also a contributing factor.