NEW YORK, Nov. 16, 2022 /PRNewswire/ -- The Global Health and Wellness Food Market share is set to increase by USD 452.93 million from 2022 to 2027. Moreover, the market's growth momentum will accelerate at a CAGR of 8.5% as per the latest market forecast report by Technavio. The market will also record a 7.87% Y-O-Y growth rate during the forecast period.
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Global Health and Wellness Food Market - Parent Market Analysis
Technavio categorizes the global health and wellness food market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. The global packaged foods and meats products market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Technavio calculates the global packaged foods and meat market size based on the combined revenue generated by the vendors operating in the market. The market does not include manufacturers of food processing equipment.
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Global Health and Wellness Food Market Characteristics with Five Forces–
The Global Health and Wellness Food Market is fragmented and the five forces analysis by Technavio gives the accurate vision –
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Rivalry
- Bargaining Power of Suppliers
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Global Health and Wellness Food Market– Customer Landscape - The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence.
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Global Health and Wellness Food Market- Segmentation Assessment
Geography Segment Overview
Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Health and Wellness Food Market as per geography are categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Health and Wellness Food Market size and actionable market understandings.
Regional Highlights:
- North America is the fastest-growing region in the global Health and Wellness Food Market compared to other regions. 31% growth will originate from North America. The regional health and wellness food market is expanding due to the rise of startups, the expansion of food service businesses and eateries, the presence of numerous small and large players, M&A (such as the acquisition of Cold Brew Coffee by Nestle and RXBAR by Kellogg), and the presence of several small and large players. Furthermore, trends such as mindful snacking will also have a favorable impact on the North American health and wellness food industry during the projection period.
Type Segment Overview
- The Global Health and Wellness Food Market as per product segmentation are categorized into Naturally health food, Functional food, BFY food, Organic food, and Food intolerance products.
- Revenue Generating Segment - The market share growth by the Natural health food segment will be significant during the forecast period. Food items that haven't been processed and don't contain artificial components are considered naturally healthy foods. Hormones, antibiotics, and artificial tastes are absent from naturally healthy food products, which also go through little processing. Companies that produce healthy food naturally typically name their food products "natural" and include a definition of the term on the label. The lack of laws and certifications, along with the rising popularity of natural health food items due to their intrinsic health benefits, attract new players to enter the market, which in turn fuels the industry's rapid expansion.
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Global Health and Wellness Food Market- Market Dynamics
Major Driver Boosting the Market
- The global market for health and wellness foods is expanding as more people adopt healthier eating habits. People can be seen choosing good eating habits including the intake of unprocessed and wholegrain foods and the inclusion of a diet that delivers varied and balanced nutrients.
- People now understand how crucial it is to have a healthy diet while also exercising frequently. Nutritionally sound diets have been associated with improvements in physical, mental, and emotional health and well-being, while their absence has been linked to chronic illnesses and poor health. Consequently, greater awareness of adopting a balanced diet and healthful foods will drive market expansion during the forecast period.
Major trends influencing the growth of glamping
- The global market for foods that promote health and well-being will rise as prebiotic and probiotic foods become more popular. Prebiotics are indigestible components of food that pass undigested through the small intestine and ferment once they reach the big colon. In order to promote digestion, the fermentation process boosts the good bacteria in the digestive system and nourishes the probiotic bacteria already present in the intestine. Prebiotics lowers the risk of CVDs when consumed regularly.
- Probiotics, on the other hand, are living, helpful bacteria created by the natural fermentation process in foods like yogurt. Because of this, businesses like Danone and Nestle will start to provide more probiotic goods, which will help the market grow as customers gradually begin to consume prebiotic and probiotic foods.
Major Challenges interrupting the market growth
- The high cost of these foods significantly hampers the expansion of the global market for health and wellness foods. Due to the greater labor input needed to grow organic crops, organic food products often cost 60% more than their conventionally produced counterparts.
- Grain-based foods grown organically cost more than other types of foods, such as soft drinks and biscuits made with margarine, sugar, and edible oil, which are often less expensive. To maintain healthy soil and inhibit weed growth, organic farmers use crop rotation techniques rather than chemical weed control.
- To secure profitability, producers (farmers) pass along production expenses to consumers by charging a premium for organic food. Health and wellness foods are expensive, which reduces consumer demand for them.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19-impacted market research reports.
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Health and Wellness Food Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist Health and Wellness Food Market growth during the next five years
- Estimation of the Health and Wellness Food Market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the Health and Wellness Food Market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of Health and Wellness Food Market vendors
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Health And Wellness Food Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2022 |
Historical year |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.5% |
Market growth 2023-2027 |
USD 452.93 million |
Market structure |
Fragmented |
YoY growth (%) |
7.87 |
Regional analysis |
North America, APAC, Europe, the Middle East and Africa, and South America |
Performing market contribution |
North America at 31% |
Key consumer countries |
US, China, Japan, UK, and France |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Amys Kitchen Inc., Archer Daniels Midland Co., Bobs Red Mill Natural Foods Inc., Chobani Global Holdings LLC, Clif Bar & Co., Dairy Farmers of America Inc., Danone SA, Dr. Schar AG, Fifty50 Foods, General Mills Inc., Glanbia Plc, GlaxoSmithKline Plc, Kellogg Co., London Foods Ltd., Mars Inc., Nestle SA, PepsiCo Inc., Yakult Honsha Co. Ltd., Mondelez International Inc., and United Natural Foods Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global health and wellness food market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global health and wellness food market 2017 - 2021 ($ million)
- 4.2 By product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – By product Segment 2017 - 2021 ($ million)
- 4.3 By distribution channel Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – By distribution channel Segment 2017 - 2021 ($ million)
- 4.4 By geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – By geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Naturally health food - Market size and forecast 2022-2027
- Exhibit 34: Chart on Naturally health food - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Naturally health food - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Naturally health food - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Naturally health food - Year-over-year growth 2022-2027 (%)
- 6.4 Functional food - Market size and forecast 2022-2027
- Exhibit 38: Chart on Functional food - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Functional food - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Functional food - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Functional food - Year-over-year growth 2022-2027 (%)
- 6.5 BFY food - Market size and forecast 2022-2027
- Exhibit 42: Chart on BFY food - Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Data Table on BFY food - Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Chart on BFY food - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on BFY food - Year-over-year growth 2022-2027 (%)
- 6.6 Organic food - Market size and forecast 2022-2027
- Exhibit 46: Chart on Organic food - Market size and forecast 2022-2027 ($ billion)
- Exhibit 47: Data Table on Organic food - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Chart on Organic food - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Organic food - Year-over-year growth 2022-2027 (%)
- 6.7 Food intolerance products - Market size and forecast 2022-2027
- Exhibit 50: Chart on Food intolerance products - Market size and forecast 2022-2027 ($ billion)
- Exhibit 51: Data Table on Food intolerance products - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Chart on Food intolerance products - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Food intolerance products - Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by Product
- Exhibit 54: Market opportunity by Product ($ billion)
7 Market Segmentation by Distribution Channel
- 7.1 Market segments
- Exhibit 55: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 56: Data Table on Distribution Channel - Market share 2022-2027 (%)
- 7.2 Comparison by Distribution Channel
- Exhibit 57: Chart on Comparison by Distribution Channel
- Exhibit 58: Data Table on Comparison by Distribution Channel
- 7.3 Offline - Market size and forecast 2022-2027
- Exhibit 59: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
- Exhibit 60: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
- Exhibit 61: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Offline - Year-over-year growth 2022-2027 (%)
- 7.4 Online - Market size and forecast 2022-2027
- Exhibit 63: Chart on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 65: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Online - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Distribution Channel
- Exhibit 67: Market opportunity by Distribution Channel ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 69: Chart on Market share by geography 2022-2027 (%)
- Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 71: Chart on Geographic comparison
- Exhibit 72: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 APAC - Market size and forecast 2022-2027
- Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 UK - Market size and forecast 2022-2027
- Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.11 France - Market size and forecast 2022-2027
- Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ billion)
- Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ billion)
- Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)
- 9.12 Japan - Market size and forecast 2022-2027
- Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 113: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 114: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 116: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 117: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 118: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 119: Matrix on vendor position and classification
- 12.3 Amys Kitchen Inc.
- Exhibit 120: Amys Kitchen Inc. - Overview
- Exhibit 121: Amys Kitchen Inc. - Product / Service
- Exhibit 122: Amys Kitchen Inc. - Key offerings
- 12.4 Archer Daniels Midland Co.
- Exhibit 123: Archer Daniels Midland Co. - Overview
- Exhibit 124: Archer Daniels Midland Co. - Business segments
- Exhibit 125: Archer Daniels Midland Co. - Key offerings
- Exhibit 126: Archer Daniels Midland Co. - Segment focus
- 12.5 Bobs Red Mill Natural Foods Inc.
- Exhibit 127: Bobs Red Mill Natural Foods Inc. - Overview
- Exhibit 128: Bobs Red Mill Natural Foods Inc. - Product / Service
- Exhibit 129: Bobs Red Mill Natural Foods Inc. - Key offerings
- 12.6 Dairy Farmers of America Inc.
- Exhibit 130: Dairy Farmers of America Inc. - Overview
- Exhibit 131: Dairy Farmers of America Inc. - Product / Service
- Exhibit 132: Dairy Farmers of America Inc. - Key offerings
- 12.7 Danone SA
- Exhibit 133: Danone SA - Overview
- Exhibit 134: Danone SA - Business segments
- Exhibit 135: Danone SA - Key news
- Exhibit 136: Danone SA - Key offerings
- Exhibit 137: Danone SA - Segment focus
- 12.8 Dr. Schar AG
- Exhibit 138: Dr. Schar AG - Overview
- Exhibit 139: Dr. Schar AG - Product / Service
- Exhibit 140: Dr. Schar AG - Key offerings
- 12.9 Fifty50 Foods
- Exhibit 141: Fifty50 Foods - Overview
- Exhibit 142: Fifty50 Foods - Product / Service
- Exhibit 143: Fifty50 Foods - Key offerings
- 12.10 General Mills Inc.
- Exhibit 144: General Mills Inc. - Overview
- Exhibit 145: General Mills Inc. - Business segments
- Exhibit 146: General Mills Inc. - Key news
- Exhibit 147: General Mills Inc. - Key offerings
- Exhibit 148: General Mills Inc. - Segment focus
- 12.11 Glanbia Plc
- Exhibit 149: Glanbia Plc - Overview
- Exhibit 150: Glanbia Plc - Business segments
- Exhibit 151: Glanbia Plc - Key offerings
- Exhibit 152: Glanbia Plc - Segment focus
- 12.12 GlaxoSmithKline Plc
- Exhibit 153: GlaxoSmithKline Plc - Overview
- Exhibit 154: GlaxoSmithKline Plc - Business segments
- Exhibit 155: GlaxoSmithKline Plc - Key offerings
- Exhibit 156: GlaxoSmithKline Plc - Segment focus
- 12.13 Kellogg Co.
- Exhibit 157: Kellogg Co. - Overview
- Exhibit 158: Kellogg Co. - Business segments
- Exhibit 159: Kellogg Co. - Key offerings
- Exhibit 160: Kellogg Co. - Segment focus
- 12.14 London Foods Ltd.
- Exhibit 161: London Foods Ltd. - Overview
- Exhibit 162: London Foods Ltd. - Product / Service
- Exhibit 163: London Foods Ltd. - Key offerings
- 12.15 Mars Inc.
- Exhibit 164: Mars Inc. - Overview
- Exhibit 165: Mars Inc. - Product / Service
- Exhibit 166: Mars Inc. - Key offerings
- 12.16 Mondelez International Inc.
- Exhibit 167: Mondelez International Inc. - Overview
- Exhibit 168: Mondelez International Inc. - Business segments
- Exhibit 169: Mondelez International Inc. - Key news
- Exhibit 170: Mondelez International Inc. - Key offerings
- Exhibit 171: Mondelez International Inc. - Segment focus
- 12.17 Nestle SA
- Exhibit 172: Nestle SA - Overview
- Exhibit 173: Nestle SA - Business segments
- Exhibit 174: Nestle SA - Key news
- Exhibit 175: Nestle SA - Key offerings
- Exhibit 176: Nestle SA - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 177: Inclusions checklist
- Exhibit 178: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 179: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 180: Research methodology
- Exhibit 181: Validation techniques employed for market sizing
- Exhibit 182: Information sources
- 13.5 List of abbreviations
- Exhibit 183: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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