Industry Background:
Superfood snacks are ready-to-eat snacks or mixable snacks made from superfoods or superfruits category. These foods are in demand due to the variety of minerals, proteins, fats, and vitamins they provide in simple doses and likable flavors. Chia Seeds, Pumpkin Seeds, avocado, pomegranate are some examples of natural superfruits. Snacks containing innovative fruits like cranberry, blackberry, acai berry, and goji berry have also grown in demand and popularity.
According to AMA Research, the market for Superfood Snacks is expected to register a CAGR of 10.2% during the forecast period to 2030. This growth is primarily driven by Inclination of Population Towards Healthy and Organic Foods due to Health Awareness
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as General Mills (United States), Nature's Path Foods (Canada), Naturya (United Kingdom), Navitas Organics (United States), Rhythm Superfoods (United States), Sunfood Corp. (United States), Creative Nature Ltd. (United Kingdom), Healthy Truth (United States), Suncore Foods Inc. (United States) and Superlife Co. Pte Ltd. (Singapore), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Rhythm Superfoods, global leader in plant-based superfood snacks partnered with the Sesajal S.A., a global ingredient company. This merger is the bridge linking the companies to partner with goals of driving growth, expanding capacity for bigger business opportunity.
In November 2022, Conscious Food expanded its superfood portfolio with the launch of 'Superfoods for Superheroes,' a new range of nutritious and wholesome superfood products for kids.The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Influencing Trend:
Addition of Different Tastes and Flavours for catering to the Different Taste Requirements and Clean Label Manufacturing and Premium Packaging
Market Growth Drivers:
Inclination of Population Towards Healthy and Organic Foods due to Health Awareness and Rising Number of Online Platforms and Retailers with Superfood Snacks promoting Easy Availability of Ready-to-eat Snacks.
Challenges:
Availability of Substitutes in the Markets
Restraints:
Less Awareness About Superfoods Hampers the Growth and Side Effects of Superfood Snacks Causing Abdominal Imbalance
Opportunities:
Rise in Gymnasiums and Health Centres for Healthy Lifestyle Needs Demand for the Superfood Snacks for Workout Meals
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Superfood Snacks Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Superfood Snacks Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Superfood Snacks players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Superfood Snacks Study Sheds Light on
The Superfood Snacks Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Superfood Snacks industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Superfood Snacks industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.