Global Health Food Market Insights & Forecasts 2020-2024 with Potential Impact of COVID-19 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 23, 2020--
The “Global Health Food Market (Functional Foods, Functional Drinks & Dietary Supplements): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)” report has been added to ResearchAndMarkets.com’s offering.
The global health food market is expected to reach US$557.6 billion in 2024, increasing at a CAGR of 7.15%, for the duration spanning 2020-2024. The factors such as increasing sales of organic food, rising consumption of vegetable oils, growth in geriatric population, the rising problem of undernourishment, rapid urbanization and increasing consumers’ demand for transparency would drive the growth of the market. However, the market growth would be challenged by risk of allergies associated with vegetable sources, high cost of health food in low and middle-income countries and stringent government regulations. A few notable trends may include upsurge in energy drink demand, growing adoption of meat alternatives, growing consumers; focus on achieving health goals and high demand for on-the-go dietary supplement products.
The global health food market is highly concentrated with organic food products, due to the growing people’s focus on the nutritional values of their food. In addition, increasing adoption of healthy eating habits among people is leading to the rising demand for functional food products such as grains, fruits, vegetables and nuts, which is eventually accelerating the growth of the global health food market.
The fastest regional market is the U.S., owing to the growth in health-conscious population as well as growing people’s awareness about the health benefits of a nutritional and balanced diet. Further, the sudden outbreak of COVID-19 is lead to the changes in consumer’ eating habits from unhealthy and processed food to nutritional food. Consumers are maximising their healthy diet in order to boost their immunity and reduce vulnerability to the fatal disease, which is providing a growth opportunity to the global health food market during the forecasted period.
Scope of the report:
- The report provides a comprehensive analysis of the global health food market.
- The major regional markets (The U.S., Western Europe, China, Other Asia, Japan, Latin America, East Europe & Russia and ROW) have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Nestle, PepsiCo, Danone (Sofina), General Mills, Kellogg’s, Dean Foods (DFA)) are also presented in detail.
Key Topics Covered:
1.2 Benefits of Health Food
1.3 Components of a Healthy Balanced diet
1.4 Types of Health Food
1.5 Calorie Requirement of Different People
2. Impact of COVID-19
2.1 Rise in Sales of Probiotics
2.2 Growth in Demand for Vitamin Supplements
2.3 Antiviral Activity of Green Tea
2.4 Clean-Label Food Products and COVID-19
3. Global Market Analysis
3.1 Global Health Food Market by Value
3.2 Global Health Food Market Forecast by Value
3.3 Global Health Food Market by Product Type
3.3.1 Global Functional Food Market by Value
3.3.2 Global Functional Food Market Forecast by Value
3.3.3 Global Dietary Supplements Market by Value
3.3.4 Global Dietary Supplements Market Forecast by Value
3.3.5 Global Functional Drinks Market by Value
3.3.6 Global Functional Drinks Market Forecast by Value
3.4 Global Health Food Market by Regions
4. Regional Market Analysis
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Sales of Organic Foods
5.1.2 Rising Consumption of Vegetables Oil
5.1.3 Growth in Geriatric Population
5.1.4 Rising Problem of Undernourishment
5.1.5 Rapid Urbanization
5.1.6 Increasing Consumer Demand For Transparency
5.2 Key Trends and Developments
5.2.1 Upsurge in Energy Drinks Demand
5.2.2 Growing Adoption of Meat Alternatives
5.2.3 Growing Consumers’ Focus on Achieving Health Goals
5.2.4 High Demand for On-the-go Dietary Supplement Products
5.3.1 Risk of Allergies Associated With Vegetable Sources
5.3.2 High Cost of Health Food in Low and Middle Income Countries
5.3.3 Stringent Government Regulations
6. Competitive Landscape
6.1 Global Market
6.1.1 Key Players - Revenue Comparison
6.1.2 Key Players - Market Capitalization Comparison
7. Company Profiles
- Danone (Sofina)
- Dean Foods (DFA)
- General Mills
For more information about this report visit https://www.researchandmarkets.com/r/aprdzj
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INDUSTRY KEYWORD: RETAIL FITNESS & NUTRITION HEALTH FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2020.
PUB: 12/23/2020 11:53 AM/DISC: 12/23/2020 11:53 AM