North America Superfood Market

North America Superfood Market Size (2024 To 2029):

North America Superfood Market size is expected to be valued at USD 61.69 billion in 2024 and is foreseen to achieve USD 99.57 billion by 2029 with and a growth rate (CAGR) of 10.05% 

Superfood is the new trend in the F&B sector because it contains more vitamins, minerals, and antioxidants than any other food on the planet. Instead of our body being invaded by poisons, empty calories, and difficult-to-digest ingredients, superfoods offer a host of benefits that make us feel and look healthier, give us more energy, and help our body fight all kinds of diseases. While most superfoods have been available for decades, others have only been forgotten or consumed by only a handful of people. These superfoods, once lost, have experienced a rebirth for many years. The extra energy superfoods offer allows people to do more and avoid buying items like energy bars, coffee, diet pills, and more. Second, superfoods can be expensive, at least it seems like they are at first. If a person has a minimum spending plan, this is something they should know and plan properly. The reality is that by keeping the body safe, people will pay less for missing hospital appointments, medications, and jobs. The additional nutrition provided by superfoods makes it easier for consumers to eat and stop consuming things like energy bars, coffee, diet pills, and more.

The main factors contributing to the growth of the North America superfood market include growing health awareness, rapid growth in the elderly population, and high demand for fruits. In terms of superfoods, the demand for fruit is increasing rapidly. It has been observed that despite price fluctuations, the demand for food increases dramatically. Also, urbanization, high disposable income, and people's changing lifestyles will positively influence local market demand. Consumers are more inclined to choose convenient and healthy foods, saving time and money at the same time. People now prefer to have fruit-based foods and drinks on busy work schedules because fruit-based meals take less time to prepare. Therefore, the increasing demand for food products is driving the growth of the market in this region. Growing health awareness followed by strong demand for organic food and beverages will drive North America superfood market growth during the foreseen period. At the same time, the COVID-19 pandemic has caused a surge in demand for superfoods. While the foreclosure caused a collapse in demand for durable goods and discretionary services, the demand for essential food was hit the hardest. There were panic buying and food hoarding, which is the main driver of market demand. Additionally, due to the unavailability of vaccines, consumers are actively seeking superfoods to boost their immunity. Poor food cultivation also leads to increased demand and prices for superfoods. At the other end of the spectrum, the high population with low disposable income is an important factor that will have a negative impact on the market.

This Research Report on North America Superfood Market is segmented and sub segmented into following categories:

North America Superfood Market - By Type:

• Fruits

• Vegetables

• Cereals

• Grains

• Herbs and roots

Among these, the fruit segment is reported to lead the market during the forecast period. This is due to increasing consumer awareness of healthier diets. In addition, the fruits offer multiple benefits, including the prevention of heart disease, cancer, and high blood pressure, which will further stimulate the growth of the segment.

North America Superfood Market - Application:

• Confectionery

• Snacks

• Beverages

Of these, the beverage segment is expected to experience a higher CAGR during the forecast period. This is attributed to the increasing health problems of people. The drinks help keep the body hydrated and are ready to eat, which is convenient for consumers. Furthermore, due to the increasing attention paid to sports and fitness, the demand for fruit drinks and energy drinks is increasing rapidly.

North America Superfood Market - By Region:

•  US

• Canada

• Mexico

• Rest of North America

The North America Superfood market has been categorized based on geography into the United States, Canada, Mexico, and the rest of the locale. North America accounted for 39.4% of total market revenue share in 2018 and is foreseen to see growth during the projection period due to the increasing popularity of high-nutrition, low-calorie products. Furthermore, extensive R&D activities and the advent of new tracking technologies are likely to boost the superfood market in this developed region.

KEY MARKET PLAYERS:

Key market players of  North America Superfood market are Healthy Truth, Archer Daniels Midland Company, Raw Nutritional, Creative Nature Ltd, Suncore Foods, Inc, Nutiva, Inc, Organic Meets Good, Sunfood Corporation, Del Monte Pacific Limited, Nutriasia, Inc, General Mills

RECENT HAPPENINGS IN THE MARKET:

• Vegetarian food chain Sattviko has acquired Delhi-based packaged goods company FYNE Superfood for an undisclosed amount in order to increase its packaged offering. The company said the Fyne Superfood brand and products will now merge with Sattviko. Launched in 2014, Sattviko operates through its independent restaurants and delivery centers in Delhi, Gurgaon, and Jaipur of India.

• Cambridge Commodities Group completed the purchase of the Ultimate Superfoods’ ingredients division. Ultimate Superfoods' organic and raw superfood ingredients business will now merge with Cambridge Commodities' US division, expanding Cambridge Commodities' presence in the US market. Ultimate Superfoods currently markets a range of products including agave nectar, cocoa products, and more.