The Global Health Food Market size was worth US$ 680.0 billion in 2019, and it is estimated to reach a valuation of US$ 1000.0 billion by the end of 2027, expanding at an annual rate of about 4.5% between 2021 and 2027.
Healthy food is a special diet that improves, cultivate, or enhance overall health. Healthy food is essential for magnificent health and nutrition: fluid, macro and micronutrients, and sufficient food energy. It provides protection against several chronic non-communicable diseases, such as heart disease, diabetes, and cancer. For good and excellent health, it is very essential to an east variety of food and consumes less sugars and salts, saturated and industrial produced trans-fats. It consists of various foods, which includes starchy tubers or roots (potato, yam, taro, or cassava), cereals (wheat, barley, rye, maize, or rice), fruit and vegetables, legumes (lentils and beans) and foods from animal sources such as (meat, fish, eggs, and milk).
Healthy food supplies us with the energy required for working, playing and doing our daily activities. It eases us to develop, create our muscles and bones strong, repair damaged body cells, and boost the immunity against harmful external elements. A healthy diet can be acquired from a range of veg-based and nonveg-based foods. Even if you are following the vegan diet, a non-veg source of vitamin B 12 is also essential.
Market Trend and Dynamics of the Global Health Food Market:
The Major Factors Driving the Growth of Global Health Food Market Are Growing Adoption of Healthy Eating Habits and Rising Awareness Regarding Health.
One of the leading factors is the rising adoption of healthy eating habits, which is significantly fueling the healthy food industry growth worldwide. The primary reasons for adopting healthy food worldwide are boosting immunity, strengthening of bones and supports for muscles.
For Instance, People are choosing the habit of healthy eating foods to avoid disease and illness, as per a survey done by Move Hub on 20 April 2021. Japan and Switzerland are the healthiest countries in the world of around 84.2 and 83.8 years. People trust that healthy eating food help to live longer, keep teeth, skin and eyes healthy, as well as it helps in avoiding several illness and ailments. Thus, People prefer to have various healthy food such as vegetables, fruits and nutrient-based diets. Therefore, growing the adoption of healthy eating food habits is propelling the growth of the health food market worldwide.
Additionally, the growing number of products offering veg beverages is also supplementing the market growth. For Instance, Ready to Drink (RTD) Milo Cocoa beverage, along with two plant-based coffee was announced to launch by Nestle, as per a report in April 2021. Also, In February 2021, Moola launched the Keto plant-based immunity beverage. These plant-based beverages are considered to be healthy food which enhances your immunity system and reduces your inflammation. No doubt, Plant-based drinks are beneficial for your overall health.
Nonetheless, the High price of healthy food could hamper the market growth. Despite this, increasing awareness regarding health due to increasing infectious diseases has been creating ample opportunities for further growth for the food market worldwide.
There is growing adoption of healthy eating habits, which is a leading factor importantly fueling the healthy food industry growth worldwide. People have been adopting healthy food worldwide for boosting immunity, strengthening bones and supporting muscles.
There Would be Lucrative Growth in the Global Health Food Market in the Asia Pacific Region:
The Asia Pacific region is expected to witness the profitable growth in the market for healthy food. Besides, there will be a boost in the fitness institutions, healthy eating habits due to growing awareness regarding the healthy food and disposable income. Acceleration, in the importance of organic food is one of the prime factor which is responsible for the growth of the health food market in the Region of Asia Pacific. For example, as per Asia Pacific Food Industry 2019, there is a rise in demand for organic food at around 15% per annum and the market in China has shown the spike in the need of organic food in the last 10-15 years.
Meantime, the market growth is being supplemented by the growing awareness related to the health advantages of organic food. Organic food is considered to be healthy because it is cultivated without using any synthetic chemicals.
North America has a higher awareness of healthy food, high disposable income, and increasing numbers of chronic diseases; therefore, it is expected to hold a prominent share in the global health food market. As per the belief of the North American people, a healthy diet can protect against malnutrition of all types, non-communicable diseases (NCDs) such as diabetes, stroke, cancer and heart diseases.
The Key Market Segmentation of the Global Health Food Market:
Global Health Food Market can be divided into Product Types, Distribution channels, and Geographical landscapes, etc.
Health Food Market Segmentation By Product Type:
- Naturally Health Food
- Functional Food
- BFY Food
- Organic Food
Health Food Market Segmentation By Distribution Channel:
- Retail Stores
- Online Stores
Health Food Market Segmentation By Geographical Landscape:
- North America
- Asia Pacific
- South America
- Middle East and Africa
Major Key Players in the Global Health Food Market Are:
- Archer Daniels Midland Co.
- Danone SA
- GlaxoSmithKline Plc
- Nestle SA
- PepsiCo Inc.
- Dean Foods Co.
- Kellogg Co.
- Mondelez International Inc.
- General Mills Inc.
- Yakult Honsha Co. Ltd.
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