Market Research Report
Superfood Powders Market Size, Share & Trends Analysis Report By Product (Organic, Conventional), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||952689|
|Published||Content info||80 Pages
Delivery time: 2-3 business days
|Superfood Powders Market Size, Share & Trends Analysis Report By Product (Organic, Conventional), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2020 - 2027|
|Published: July 28, 2020||Content info: 80 Pages||
Market Growth & Trends
The global superfood powder market size is expected to reach USD 7.11 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period. The demand for the product has been growing significantly over the world owing to its various health benefits. It helps to improve the immune system, natural detoxification, and metabolism. It is also a rich source of vitamins, fibers, and minerals. With the shifting consumer preference towards organic and natural diet, the food and beverage industry has been incorporating this product in several products.
In terms of product, the organic segment is expected to expand at the fastest growth rate over the forecast period. Manufacturers have been expanding their organic portfolio by introducing new products. For instance, in March 2029, Brandless, a U.S. based company, launched 15 new products, which include superfood powders, vitamins, essential oils, and supplements. The powder products comprise matcha, plant protein, and maca. All of its products are organic, gluten-free, and vegan.
North America held the largest market share of more than 40.0% in 2019. High consumption in countries, such as the U.S. and Canada, is anticipated to boost market growth during the forecast period. Furthermore, several major producers are based in the region. Over the past few years, consumers have been adding the product in numerous food and drink items in order to obtain the health benefits of the product.