Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Superfood Powders Market size is expected to reach $9.4 billion by 2028, rising at a market growth of 7.1% CAGR during the forecast period.
The Organic segment is showcasing a CAGR of 7.6% during (2022 - 2028). It is due to the consumer interest in organic foods has grown as more people are becoming aware of the advantages and long-term effects on their health. To attract customers, many SuperFood companies have started labeling their goods as "organic" and "produced with natural ingredients."
The Offline segment acquired maximum revenue share in the Global SuperFood Powders Market by Distribution Channel in 2021 thereby, achieving a market value of $6.5 billion by 2028. It is because shops serve as well-known and reputable market distribution channels. Additionally, the abundance of luxury and private labels offered by these retailers draws customers to these channels for product purchases. For optimal client penetration, major competitors in the market are working with leading offline shops like Target and Walmart.
The North America market dominated the Global SuperFood Powders Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.6 billion by 2028. The Europe market is poised to grow at a CAGR of 6.7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 7.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Unilever PLC, Glanbia PLC, Nestle S.A. (Orgain Inc.), Suncore Foods, Inc., Sunfood Corporation, Navitas Organics, Windmill Health Products, LLC (Country Farms), Your Super, Inc., Nutrisure ltd. (Naturya), and Terrasoul Superfoods.
By Distribution Channel
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