The valuation of the global health and wellness foods market is US$ 825 billion in 2022. Worldwide sales of health and wellness foods are estimated to reach a value of US$ 1,495 billion by 2032-end, increasing at 6.1%.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Health and Wellness Foods market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Health and Wellness Foods market.
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Key findings of the Health and Wellness Foods market study:
- Regional breakdown of the Health and Wellness Foods market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Health and Wellness Foods vendors in detail.
- Region-wise and country-wise fragmentation of the Health and Wellness Foods market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Health and Wellness Foods market.
Key Companies Profiled
- Abbott Laboratories
- Bob’s Red Mill Natural Foods
- Amy’s Kitchen
- UNFI
- The Procter & Gamble Company
- EVOLVE Brands LLC
- Nestle SA
Competitive Landscape
The market for health and wellness foods is highly fragmented in nature. The industry vendors are deploying many organic and inorganic strategies to gain a competitive edge in the market.
Increasing market competition is compelling vendors to adopt numerous growth strategies, for instance, increased spending on advertisements and promotional activities to improve the visibility of their products. Some other vendors are incorporating inorganic strategies, for instance, mergers and acquisitions to remain competitive in the industry.
For instance :
- Oreo in May 2020 launched a new range of Oreos that are gluten-free in the United States, Lacta Intense in Brazil, Oreo Zero in China, and Caramilk, which is a chocolate product in Australia. Further, these products are the results of increasing the health consciousness of people for well-being. In addition, health continues to become a focal point for innovation in the company.
Key players in the health and wellness foods market are Abbott Laboratories, Bob’s Red Mill Natural Foods, Amy’s Kitchen, UNFI, Procter & Gamble Company, EVOLVE Brands LLC, and Nestle SA
Segmentation of Health and Wellness Foods Industry Research
- By Product :
- Naturally Healthy Foods
- Functional Foods
- Better-For-You (BFY)
- Organic Foods
- Food Intolerance Products
- By Distribution Channel :
- Retail
- Online
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Queries addressed in the Health and Wellness Foods market report:
- Why are the Health and Wellness Foods market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Health and Wellness Foods market?
- Which regions are displaying the fastest growth in the Health and Wellness Foods market?
- What are the underlying micro- macroeconomic factors affecting the global Health and Wellness Foods market?
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