Health and Wellness Food Market is estimated to be US$ 227.24 billion by 2030 with a CAGR of 9.1% during the forecast pe

Posted by sreerag on October 25th, 2023

Health and Wellness Food Market is being driven by an increase in the adoption of good eating habits among individuals, as well as a change in their eating patterns around the world. Furthermore, the knowledge that a lack of nutrition can result in a variety of ailments. Encouraging consumers to eat health and wellness foods increases demand for these foods, which fuels global market growth. However, the high prices associated with new meals, particularly packaged foods, are a key stumbling block to the target market's growth.

In terms of region, In 2018, North America accounted for the largest revenue share, owing to rising demand for processed foods in the United States, as well as healthy eating habits. During the forecast period, it is expected to maintain its supremacy. Consumer health awareness and interest in Canada continues to develop as a result of the significance of foods and beverages in maintaining health and their benefits. Europe is likewise on the verge of making the largest contribution possible. Over the predicted period, Asia Pacific is expected to see significant growth. Because it is the fastest expanding region over the forecast period, it is the third-largest market in terms of revenue share. The need for target markets has persisted in economies such as India and China, indicating a consumer focus on healthy meals.

• In March 2022, The launch of Halo Elevate, a super-premium, natural pet food, was announced by Better Choice Co., a pet health and wellness firm. According to company officials, the new brand was designed with industry-leading nutrient levels to offer optimal pet health, and recipes with complete ingredient transparency and traceability provide pet owners confidence in what they are feeding their pets.
• In March 2022, KaraMD, a supplement line focused on digestive support, heart health, and inflammation reduction as a doorway to general health, has launched its newest product, Pure Health. Pure Health isn't your ordinary apple cider vinegar gummy. Pure Health is a vegan gummy that helps the body achieve ketosis, regulate digestion, manage weight, and boost energy levels.

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Segmentation:

The Global Health and Wellness Food Market is accounted for US$ 95.56 billion in 2020 and is estimated to be US$ 227.24 billion by 2030 and is anticipated to register a CAGR of 9.1%. The global Health and Wellness Food market is segmented based on product type, health benefits, distribution channel, and region.