About Health and Wellness Food
Health and wellness food category will include all types of healthy food products that prevent the occurrence of diseases, alleviate illnesses, promote weight loss, and aid in weight and health management to achieve a state of wellness. Increasing awareness about the benefits of organic food and healthy eating habits is driving the market growth. As growing food sensitivity and rising level of disposable income, audience is spending more on health and wellness food products. Intensifying importance of natural and organic food and adopting healthy and active lifestyles. Audience is moving towards changing their eating habits by consuming unprocessed and whole grain food and including a diet with varied and balanced nutrition. Lack of nutrition can lead to several diseases such as coronary heart disease, stroke, hypertension, obesity, type 2 diabetes, osteoporosis, gallbladder disease, dementia, and nutritional anemias hence people are becoming more conscious about their nutritional diet.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 5.7% |
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the manufacturing process of the product. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Health and Wellness Food market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AgriPure Holding plc (Thailand), Albert’s Organic (United States), Aleias Gluten Free Foods LIC (United States), Arla Foods (Denmark), Big Oz Industries (United Kingdom), BioGaia AB (Sweden), Blue Diamond Growers (United States), Bob’s Red Mill Natural Foods (United States), Chiquita Brands International (United States), Chr. Hansen A/S (Denmark), Clover Industries (South Africa), Danone SA (France), Dean Foods (United States), Domino’s Pizza (United States), Doves Farm Foods (United Kingdom), Dr. Sch?r AG/SPA (Austria), Eden Foods (United States), Enjoy Life Natural Brands LLC (United States), Farmo S.P.A (Italy) and Fonterraoperative Group (New Zealand) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Food For Life Baking (United States), Food Should Taste Good (United Kingdom) and French Meadow Bakery (United States).
Segmentation Overview
AMA Research has segmented the market of Global Health and Wellness Food market by Type (Functional food, Naturally health food, Better-for-you (BFY) food, Food intolerance products and Organic food), Application (Supermarkets, Independent Retailers, Convenience Stores and Speciality Stores) and Region.
On the basis of geography, the market of Health and Wellness Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing fad of weight management and Adoption of prebiotic and probiotic food
Market Growth Drivers:
Increasing healthy eating habits and Growing Adoption of natural and organic food over processed food
Challenges:
The health and wellness food market is a relatively new and unregulated industry.
Restraints:
Expensive and Unavailability of functional healthy foods
Opportunities:
Guidance by gym trainers to consume healthy food and Adoption of online platforms for selling food products
In April 2023, As part of a new initiative designed to build a healthier workforce, Tyson Foods, Inc. has introduced a special digital tool to help its team members improve their health and well-being.
Key Target Audience
Health and Wellness Food Manufacturers, Health and Wellness Food Distributors/Traders/Wholesalers, Health and Wellness Food Sub-component Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.