Health food market Size, Share, Growth, and Industry Analysis, By Grade (Natural Food and Manufactured Food), By Application (Daily Use, Medical Use and Other), and Regional Forecast to 2027

Updated On: 15 April 2024

Report Overview

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The global health food market size was USD 375613.43 million in 2021. As per our research, the market is expected to reach 597753.62 million by 2027, exhibiting a CAGR of 8.05% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the health food market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Food that is considered to be good for your health. This can include foods that are high in nutrients, such as fruits, vegetables, and whole grains. It can also include foods that are low in processed ingredients, sugar, and unhealthy fats.

There are many different types of health foods, and what is considered to be a health food can vary depending on the individual's diet and health goals. Functional foods are foods that have been specially designed to provide health benefits beyond basic nutrition. They may contain added vitamins, minerals, or other nutrients, or they may have been processed in a way that enhances their health benefits.

COVID-19 Impact: Pandemic Increased the Market Demand due to Shutdown of the Fast Food Market 

The COVID-19 pandemic has had a significant impact on the health food market share. The closure of restaurants and other foodservice establishments led to a shift in consumer demand from foodservice to retail. This, in turn, boosted the sales of health foods in supermarkets and other retail channels. Increased focus on personal health and well-being: The pandemic has led to an increased focus on personal health and well-being. This has led to an increased demand for health foods, as consumers are looking for ways to boost their immune system and stay healthy. The pandemic has also led to the growing popularity of online shopping. This has been a boon for the market, as many consumers are now buying them online. Functional foods are foods that provide health benefits beyond basic nutrition. The demand for functional foods has increased during the pandemic, as consumers are looking for ways to boost their immune system and stay healthy. The plant-based diet has become increasingly popular in recent years, and this trend has accelerated during the pandemic. This is due to a number of factors, including the health benefits of a plant-based diet, the environmental impact of meat production, and the availability of plant-based alternatives to meat and dairy products.

Latest Trends

"Increasing Demand for Personalized Functional Foods is expected to Fuel the Growth in the Market"

Functional foods are foods that have been specially designed to provide health benefits beyond basic nutrition. They may contain added vitamins, minerals, or other nutrients, or they may have been processed in a way that enhances their health benefits. Consumers are increasingly looking for functional foods that are tailored to their individual needs and preferences. This has led to the development of personalized functional foods, such as supplements that are specifically designed to address a particular health condition. There is a growing trend towards plant-based diets, and this is also reflected in the demand for plant-based functional foods. These foods are often seen as being healthier and more sustainable than animal-based foods. Parents are increasingly looking for functional foods that can help their children maintain a healthy diet and boost their immune system. This has led to the development of a number of functional foods specifically designed for children.

Segmentation

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• By Grade Analysis

According to type, the market can be segmented into Natural Food and Manufactured Food.

• By Application Analysis

Based on age, the market can be divided into Daily Use, Medical Use and Other.

Driving Factors 

"Increasing Awareness of the Benefits of Healthy Eating to Foster the Market Growth"

People are becoming more aware of the importance of eating a healthy diet, as it can help prevent chronic diseases, improve overall health, and boost energy levels. This is due to a number of factors, such as the increasing availability of information about nutrition and health, the growing popularity of health and wellness blogs and websites, and the increasing number of health and fitness magazines.  People are increasingly adopting unhealthy lifestyles, such as eating processed foods, sitting for long hours, and not getting enough exercise. This is leading to an increase in the demand for them, as people look for ways to improve their diet and lifestyle.

"Rising Prevalence of Chronic Diseases to Result in the Expansion of the Market"

Chronic diseases are long-term conditions that can affect many aspects of a person's health. They are the leading cause of death and disability worldwide. Some of the most common chronic diseases include heart disease, cancer, stroke, diabetes, obesity, chronic respiratory diseases, and mental health conditions. The rising prevalence of these diseases is driving the demand for them, as people look for ways to prevent or manage these conditions. People are having more disposable income, which they are spending on them. This is due to a number of factors, such as the rising cost of healthcare, the increasing demand for convenience, and the growing popularity of health and wellness. People are increasingly shopping for health foods online, as it is convenient and offers a wider selection of products. This is due to the increasing availability of online retailers, the growing popularity of e-commerce, and the convenience of shopping from home.

Restraining Factor

"Lack Of Awareness To Hamper The Market Growth"

There is a lot of misinformation about nutrition and healthy eating. This can be due to the proliferation of false information on the internet, the lack of regulation of health claims, and the influence of the food industry. Some people do not like the taste of health foods. This can be due to the fact that health foods are often less processed and contain fewer artificial flavors and sweeteners.

Regional Insights

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"Asia Pacific To Lead The Market Owing To Rising Prevalence Of Chronic Diseases. "

Asia Pacific region has shown the highest health food market growth. Chronic diseases are a major health problem in the Asia-Pacific region. Some of the most common chronic diseases in the region include heart disease, cancer, stroke, and diabetes. The rising prevalence of these diseases is driving the demand for health foods, as people look for ways to prevent or manage these conditions.

Key Industry Players

"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Growth Of The Market.  "

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Nestle (Switzerland)
• Mead Johnson Nutrition (U.S.)
• Amy'S Kitchen (U.S.)
• Hain Celestial Group (U.S.)
• Heinz (U.S.)
• General Mills (U.S.)
• Unilever (Netherlands)
• Kellogg (U.S.)

Report Coverage

This report examines an understanding of the health food market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.