The Asia Pacific Superfoods Market would witness market growth of 8.6% CAGR during the forecast period (2020-2026). Superfoods are particularly nutrient-rich foods that are known to be highly beneficial to human health. Although the measurability of such advantages is still a matter of controversy in some research circles, the widespread and increasing market for superfood in Europe is paving the way for innovative new products and businesses.
Globally, the fruit and vegetable segment is expected to experience favorable growth led by factors such as a growing middle-class population, increasing disposable incomes, accelerated urbanization, raising customer habits, and growing vegan popularity. This, in effect, is expected to push the superfood market. Major trends in the above segment include the rise in branding, technological advancements and the advent of online grocery shopping. However, the growth of this budding segment is limited by challenges such as price volatility, adverse weather conditions and quality issues.
Beyond the advantages that they can offer, each of these superfoods has very unique features that consumers are aggressively searching for. Almost all of them are gluten-free, lactose-free, or vegan: properties that are highly valued by very specific consumers. These customer trends are opening up new frontiers and niches in the industry, which mainstream producers have not expected and introduced. The new phase of growth and development for major producers is well underway, and customers can now expect products of all sorts (cookies, muffins, pasta, drinks and so on) with reformulations that contain one or more superfoods as additives that provide multiple health benefits.
Based on Type, the market is segmented into Fruits, Herbs & Roots, Grains & Cereals, Vegetables and Other types. Based on Application, the market is segmented into Bakery & Confectionery, Snacks, Beverages and Other Applications. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Superfoods Market in Asia Pacific is expected to register a CAGR of 8.6% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include MusclePharm Corporation, Nutrex Research, Inc., BPI Sports, LLC, Beast Sports Nutrition, GAT Sport, SynTech Nutrition (Medix Laboratories NV), Magnum Nutraceuticals, EFX Sports, ALLMAX Nutrition, Inc., Nutrabolt Corporation.
Market Segmentation:
By Type
By Application
By Country
Companies Profiled
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