Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. The expansion of the retail business has resulted in a considerable increase in the number of hypermarkets and supermarkets around the world. PepsiCo, Inc.13. | Source: With the emergence of the COVID-19 pandemic, the focus on healthy snacks has intensified further and has thereby, driven market growth in recent years. Australia9.3. Functional Food6.5. The rising need for on-the-go snacks, combined with growing customer purchasing power, is expected to propel the market forward. In this article, well reveal what our survey data tell us about changing consumer attitudes and behavior toward wellness. Rising adoption of natural and organic food over processed and chemicals laced food5.2.3. Consumers overwhelmingly indicate a preference for natural/clean products, particularly in Brazil and China. 2 India9.5. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. Assess M&A opportunities to gain entry into more categories within the wellness ecosystem. Exact number of respondents in each country: Brazil, 1,374; China, 1,311; The shift to digital channels is happening at the speed of a decade in days. Our research suggests that the change will be sticky: a majority of consumer categories will continue to project more growth in e-commerce than in other channels over the next several years. Market Dynamics5.1. The currency exchange rates used by the survey are those of September 15, 2020. Agreement, Collaboration, & Partnership11.4.3. Consumer health and wellness encompasses a variety of experiences that promote well-being, as well as industries linked to health and wellness (but excluding, for example, healthcare products and services such as visits to doctors, medications, and insurance). In the United States, the United Kingdom, and Germany, more than 88 percent of consumers report prioritizing personalization as much as or more than they did two or three years ago. Remember Jane Fonda workout tapes, neon legwarmers, and the cookie diet? Research and Markets Green Mountain Coffee Roasters Inc.12.21. Our survey shows that wellness is no exception: in every market we researched, more than 60 percent of consumers report that they will definitely or probably consider a brand or product posted by a favorite influencer. With the above trends in mind, companies are considering how to play across the health and wellness categories and channels. category morphs into using more diverse and more expensive ingredients, it often affects companies from a financial perspective. A much higher percentage say they definitely or probably will consider doing so in the future. FARMO S.p.A.12.16. Five manufacturers and suppliers were issued patents. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developmentsThe report answers questions such as:1. Qatar10.7. New Product Launch & Enhancement11.4.4. BioGaia AB12.5. A number of strategies, applied correctly, can help companies meet the consumers needs and capitalize on the rapid growth of this sector. Domino's Pizza, Inc.12.11. Use influencers to win with your consumers across social channels, partnering with agencies to identify people who will be a natural fit with your brand and resonate authentically with your target consumer base. For service offerings such as gyms, use a holistic online strategy to build app-enabled features that keep consumers engaged throughout the ecosystem. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.FPNV Positioning Matrix, The FPNV Positioning Matrix evaluates and categorizes the vendors in the Health & Wellness Food Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.Market Share Analysis, The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market.

Italy10.5. The industry has benefited from a growing consumer focus on the nutritional characteristics of snacks which include high vitamins and proteins and low calories. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.Company Usability Profiles, The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Health & Wellness Food Market, including Albert's Organics, Inc., Aleias Gluten Free Foods, LLC, Big Oz Industries Limited, BioGaia AB, Blue Diamond Growers, Inc., Bob's Red Mill Natural Foods, Inc., Chr. Better-for-you (BFY) Food Segment Corners a 26.9% Share in 2020. Mexico8.6. For example, one vitamin brand sold only online and known for being sustainable originally offered vitamins for women but has expanded to include products for men and children. McKinseys Future of Wellness Survey was conducted in August 2020 with consumers in six countries: Brazil, China, Germany, Japan, the United Kingdom, and the United States. Estimates of spending use product-level data and average spending per customer in each country. Americas Health & Wellness Food Market8.1. That tastes healthy! was not a good thing. FPNV Positioning Matrix11.1.1. In the case of dietary supplements, consumers around the world said, by 41 percent to 21 percent, that if they had to choose between more natural supplements and more effective ones, they would choose the more natural option. Consumer healthcare companies could consider diagnostics or coaching offerings that support a direct connection to the consumer. Our Future of Wellness survey revealed the categories that interest consumers most (Exhibit 1). France10.3. Influencers are a key part of the wellness market, and one that traditional companies have had to learn how to leverage for connecting with consumers. The rapid proliferation of online distribution channels in this region is the major driver that is expected to maintain market growth. General Mills, Inc.12.18. The socially responsible prefer (and are willing to pay more for) brands that are environmentally sustainable and with clean/natural ingredients. Personalizing to local consumption preferences5.4.2. Design, CMS, Hosting & Web Development :: From breaking news to R&D insights, well send you the top stories affecting the industry. Snack consumption was already at a high rate in this region, however, with the COVID-19 pandemic the rate of healthy snacks consumption has risen exponentially. Health & Wellness Food Market, by Product6.1. A short-term phased recovery by key geography is also addressed. Peloton sales surge as virus boosts home workouts, BBC, September 10, 2020, bbc.com. The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the crisis. Lululemons acquisition of Mirror, for example, gave it a digital offering to supplement its core fitness-apparel business. INTRODUCTION, METHODOLOGY & REPORT SCOPE, For more information about this report visit https://www.researchandmarkets.com/r/86xy1v, ResearchAndMarkets.com Naturally Health Food6.6. IBIE 2022 Webinar: State of the Industrial Baking Industry, Flowers Foods invests in BFY baked foods maker, Crumbl partners with Kellogg on new cookie, Bimbo QSR exec hails record digitization platform. The globalhealthy snacks market is expected to reach USD 152.5 billion by 2030, registering a CAGR of 6.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. Naturally Health Food, one of the segments analyzed in the report, is projected to grow at a 5.3% CAGR to reach US$364.4 Billion by the end of the analysis period. Companies will want to be purposeful about where to play and how to win with an effective delivery modelwhether that model is end-to-end ownership, strategic partnerships, outsourcing and co-manufacturing, or marketplaces. In fact, consumers in every market we researched reported a substantial increase in the prioritization of wellness Develop personalized marketing capabilities to target the precise consumer segments that may be most interested in your products, with messaging and storytelling tailored to those consumers. particularly as spending on personal wellness rebounds, McKinsey_Website_Accessibility@mckinsey.com, reports of mental distress have increased globally, social media influenced 26 percent of purchases, clear strategic rationale and makes sense, well-defined and executed programmatic M&A strategy. The majority of consumers planning to increase their spending was especially large in some categories, including memory/brain enhancers, anti-aging products, beauty supplements, noninvasive cosmetic procedures, nutrition (sports nutrition, juice cleanses, nutrition coaches, fortified foods), and meditation/mindfulness offerings. They also have more choice in the types of products and services they buy and the way they buy them. Shaun Callaghan is a partner in McKinseys New Jersey office, where Warren Teichneris a senior partner. The loyalists and passive participants spend far less than people in the other groups. The regional market is dominated by high demand for healthy snacks in the U.S. For instance, one European fitness-apparel company heavily utilizes influencer marketing on Instagram and YouTube to reach its target audience of young fitness enthusiasts. Potential strategy for companies. The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 7.5% CAGR for the Period of 2020-2027. Peloton sales surge as virus boosts home workouts, BBC, September 10, 2020, bbc.com. United States9. Copyright 2022 Grand View Research, Inc. All rights reserved. Get your queries resolved from an industry expert. 4 Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets3. snacks have a best-selling story that wants to be told. It helps organization leaders make better decisions when currency exchange data is readily available. Market Share Analysis, by Key Player11.4. Consumers in China report the highest share of wellness spending online, followed by those in Japan and trailed by those in Europe, the United States, and Brazil. In 2015, McKinsey data showed that social media influenced 26 percent of purchasesacross all product categories, a percentage that has increased since then. Your transaction & personal information is safe and secure. Introduction10.2. Aleias Gluten Free Foods, LLC12.3. South Africa10.10. Services has been a growing part of the wellness market: experiences are increasingly available as offerings. For GMT Office Hours Call +353-1-416-8900, Internet Explorer presents a security risk. Our support available to help you 24 hours a day, five days a week. Consumers' hectic lifestyles are also predicted to drive industry growth during the forecast period. The growing trend of working from home being witnessed across the world is one of the significant factors that is expected to drive demand for savory snacks during the forecast period. Nestle S.A.12.24. Market Penetration: Provides comprehensive information on the market offered by the key players2. We expect a greater shift toward services, especially those (such as personal training, nutritionists, and counseling) that emphasize physical and mental health (Exhibit 3).

Potential strategy for companies. Europe, Middle East & Africa Health & Wellness Food Market10.1. Peloton expanded its service offering to include subscriptions for its fitness app, in-person studios, and live virtual classes, allowing it to reach consumers who may not own Peloton workout equipment. Better health consistently appears as the most important wellness dimension (and the one with the highest level of spending) across every market we researched. Competitive Scenario11.4.1. At the same time, the wellness market is getting increasingly crowded, creating the need to be strategic about where and how companies compete. Opportunities5.4.1. A fitness-tech company created a fitness tracker that collects physiological data to provide personalized sleep and fitness information to users. If you would like information about this content we will be happy to work with you. Please try again later. Introduction6.2. Clover Industries, Inc.12.9. It has also experimented with nutrition, mindfulness, and fitness offerings in stores through studios and community-based classes. High cost of health and wellness food5.4. What are the inhibiting factors and impact of COVID-19 shaping the Global Health & Wellness Food Market during the forecast period?3. What is the market size and forecast of the Global Health & Wellness Food Market?2. Global Health and Wellness Foods Market to Reach US$1.1 Trillion by the Year 2027. We estimate the global wellness market at more than $1.5 trillion, with annual growth of 5 to 10 percent. Furthermore, a substantial majority of consumers around the world say they prioritize personalization now more than they did two or three years ago. Taiwan9.12. In fact, Innova Market Insights top trends for 2020 reported 56% of global consumers want to hear the story behind a brands benefits. With this approach, it is important to ensure that any acquisition has a clear strategic rationale and makes sensein view of the acquirers existing equity, skill set, and capabilities. Offline Mode7.3. 5 Research and Markets, Dublin, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The "Health & Wellness Food Market Research Report by Product, Distribution Channel, and Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering. The Health and Wellness Foods market in the U. S. is estimated at US$221.2 Billion in the year 2020. Finally, companies should understand that wellness consumers arent a monolithic bloc with lockstep preferences. Dr. Sch r AG/SPA12.13. Doves Farm Foods Ltd.12.12. In unwelcome news for celebrities, their influence appears to be waning among most consumers, particularly in the United Kingdom. As a result, B.F.Y.

We see services as an enhancement tonot a replacement forthe overall wellness space. Spain10.11. Taking better-for-you to a better place, Convenience store sales climb behind better-for-you foods, TreeHouse Foods will place future bets on better-for-you. In the United States, organic food sales reached critical mass by topping $50 billion recently, more than double what they were in 2010. Danone SA12.10. The concept of wellness has been around for a long time. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. We'll email you when new articles are published on this topic. Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. Chr. This strategy could look different by segment: in apparel, products designed with organic/natural materials and sustainability in mind; in consumer health, natural/clean beauty products; in retail, merchandising with an eye to products that resonate as authentically natural. Obesity and other disorders are on the rise around the world, prompting people to adopt healthier lifestyles and, as a result, consume healthier snacks like rice snacks and multigrain chips (crisps). are more comfortable trading privacy for personalization. While many respondents told us privacy is still a concern, many (particularly in Brazil and China) In the global Better-for-you (BFY) Food segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. Hero Group AG12.22. These days, consumers view wellnessthrough a much broader and more sophisticated lens, encompassing not just fitness and nutrition but also overall physical and mental health and appearance. Executive Summary, 4. Organic Food7. .covid_form_btn2 {width: 168px; color: #333;} Russia10.8. Amid the COVID-19 crisis, the global market for Health and Wellness Foods estimated at US$764.2 Billion in the year 2020, is projected to reach a revised size of US$1.1 Trillion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027. Research Methodology3. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. The changes in consumer buying behavior and the dynamic shifts towards online and D2C distribution channels may have serious implications on the near future growth of the industry. Malaysia9.8.

Gerber Products Company12.19. Meanwhile, other mindfulness and fitness apps have expanded into sleepcasts or moved into personalized health coaching and disease management to promote better health outcomes. Same with skincare: by 36 percent to 21 percent, consumers said they would choose the more natural option over the more effective one. This report has a service guarantee. United Kingdom11. What modes and strategic moves are considered suitable for entering the Global Health & Wellness Food Market?Key Topics Covered: 1. Since views of wellness are constantly evolving, companies must understand the market from a consumer perspective. The companies are focusing more on altering their supply chains in order to reinforce their online presence and delivery measures, in an attempt to adapt to the present business environment. Food Intolerance Products6.4. We strive to provide individuals with disabilities equal access to our website. Market Ranking Analysis11.3. Drivers5.2.1. 1. China9.4. Our survey showed that they tend to fall into distinct groups that behave very differently. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.Market Segmentation & Coverage. Rising inclination of people towards healthy eating habits including nutritional food and active lifestyle5.2.2. This article was edited by Barbara Tierney, a senior editor in the New York office. 2. Hansen Holding A/S12.8.

The research unearthed that consumers reported improvements in wellness levels have fallen behind their hopes and expectations in every country except China and Brazil, suggesting that the market may be underserved. Nowadays, a growing number of individuals are becoming health-conscious and seeking out nutritious snacks. Hot Drinks Market Size, Share & Trends Analysis Report, By Product (Coffee, Tea, Others), Competitive Landscape, And Segment Forecasts, 2018 - 2025, Request discounts available for Start-Ups & Universities. Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives. By continuing to browse the site you are agreeing to our use of cookies in accordance with our.

Potential strategy for companies. Subscribed to {PRACTICE_NAME} email alerts. Market Overview5. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.Competitive Scenario, The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. Based on Product, the market was studied across Better-For-You (BFY) Food, Food Intolerance Products, Functional Food, Naturally Health Food, and Organic Food. China will remain among the fastest growing in this cluster of regional markets. Now that the next big thing has finally grown up, healthy eating and better-for-you (B.F.Y.) The Global Health & Wellness Food Market size was estimated at USD 95.56 billion in 2020, is expected to reach USD 104.27 billion in 2021, and projected to grow at a CAGR of 9.20% reaching USD 162.09 billion by 2026.Market Statistics, The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. 5. Limited self-life of products5.3.2. Potential strategy for companies. North America dominated the market in 2021 and is expected to maintain its dominance during the forecast period. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections. A single approach to culture transformation may not fit all, Five trends shaping tomorrows luxury-car market, Why Infosyss cofounder Nilekani is urging leaders to use tech for good, Find the smartest technologist in the company and make them CEO, Americans are embracing flexible workand they want more of it, Gretchen Reynolds, How the pandemic is changing our exercise habits,. Most consumers around the world report that their personal wellness levels are stagnating or even declining (Exhibit 4). We do see traditional channels holding for certain product categories: fortified foods, multivitamins, and skincare still largely sell through brick-and-mortar stores. Regulation related to food quality and safety6. This segment currently accounts for a 29% share of the global Health and Wellness Foods market. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. Growing developed food sensitivity and high disposable incomes5.2.6. Award, Recognition, & Expansion12. Feeling good: The future of the $1.5 trillion wellness market. Adoption of prebiotic and probiotic food among progressive consumers5.2.5. Consider introducing personalized or semipersonalized offerings to your product road map. Products remain a consistent and critical part of the segment, at roughly 70 percent of self-reported consumer wellness spending globally. Increased online availability of food products5.3. Potential strategy for companies. Wellness enthusiasts are high-income consumers who actively follow brands on social media, track new-product launches, and are excited about innovations. What are the technology trends and regulatory frameworks in the Global Health & Wellness Food Market?6. A rise in both consumer interest and purchasing power presents tremendous opportunities for companies, particularly as spending on personal wellness reboundsafter stagnating or even declining during the COVID-19 crisis. Privacy Policy. However, as the B.F.Y. A wellness start-up, for example, provides personalized vitamin and supplement subscriptions based on information that consumers submit through a quiz. Indonesia9.6. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, "Health and Wellness Foods - Global Market Trajectory & Analytics", https://www.researchandmarkets.com/r/86xy1v, Impact of COVID-19 and a Looming Global Recession, Health and Wellness Foods Competitor Market Share Scenario Worldwide (in %): 2018E, US Health and Wellness Foods Market Share (in %) by Company: 2018 & 2027, European Health and Wellness Foods Market: Competitor Market Share Scenario (in %) for 2018 & 2027. Restraints5.3.1. press@researchandmarkets.com The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. Our latest research shows that consumers care deeply about wellnessand that their interest is growing. The magnitude of the shift is striking.

Introduction8.2. China, the world second largest economy, is forecast to reach an estimated market size of US$186.5 Billion in the year 2027 trailing a CAGR of 7.5% through 2027. These moves seem to align with the companys brand messaging. In China and Brazil, the percentage of consumers who say that an influencer has driven their purchasing decisions is much higher, at 45 to 55 percent. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players5. At the same time, relative responses vary in other categories. Company Usability Profiles12.1. 79 percent of the respondents said they believe that wellness is important, and 42 percent consider it a top priority. While consumers in each market are motivated by a unique set of brand-loyalty drivers, all have some motivation thats connected to price and lifestyle compatibility. The currency exchange rates used by the survey are those of September 15, 2020. Are Formulation Changes Putting your Brands at Risk? Each of these six categories is important for consumers across our survey countries. We see this trend reflected across countriesconsumers are shifting toward services that address physical- and mental-health needs(for instance, personal trainers, nutritionists, and counseling services). The net increase in the prioritization of wellness ranged from 27 percent to 65 percent across countries. Business Strategy11.1.3. One company partnered with a telemedicine provider to introduce an app that gives parents immediate video access to healthcare providers for their children. Therefore, consumption and sales of healthy snacks have increased especially in developing economies. In the past, companies touted the nutritional attributes of their baked snacks, which, unfortunately, tasted like cardboard. And on a worldwide stage, the ever-expanding healthy snacks market is expected to approach $33 billion by 2025, rising at a robust 5.2% compound annual growth rate, according to a recent Grand View Research report. over the past two to three years. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$143.1 Billion by the year 2027, while Latin America will expand at a 5.2% CAGR through the analysis period. Quadrants11.1.2. Consumers are keen for natural/clean products in an array of areas, such as skincare, cosmetics, multivitamins, subscription food services, and sleep enhancers. Big Oz Industries Limited12.4. Investment & Funding11.4.5. Other breakout categories (such as fitness wearables) are almost entirely online native. Japan9.7.

For E.S.T Office Hours Call 1-917-300-0470 The global wellness market is healthy and growing. Online Mode8. In the United States, Europe, and Japan, 10 to 15 percent of consumers say they follow social-media influencers and that they have already made a purchase based on an influencers recommendation. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Health & Wellness Food Market?4. Beyond building channel partner relationships, consider developing a supply chain, package sizes, marketing, or the like specifically for e-commerce. Request a free sample copy or view report summary:Healthy Snacks Market Report, Savory healthy snacks held the largest market in 2021 due to the high demand from consumers working from home due to the pandemic, Supermarkets and hypermarkets dominated the market and are expected to sustain growth through their partnership with online delivery platforms, Asia Pacific is expected to register the fastest growth during the forecast period. Germany, 1,283; Japan, 1,109; UK, 1,277; US, 1,319. If the pandemic has taught usone thing, its that physical and mental health will remain a priority for millions of people across the globe for a long time to come. We stand by our report quality. Better-For-You (BFY) Food6.3. Often these involve adapting existing technology to new formulas for more exotic ingredients, according to Baking & Snacks snack processing report in its February issue.

Fitness companies could consider offerings such as connected devices and virtual communitiesproducts and services beyond gyms and exercise equipment. Design an exclusive study to serve your research needs. Preface, 2. Estimates of spending use product-level data and average spending per customer in each country. Netherlands10.6. 1 Exact number of respondents in each country: Brazil, 1,374; China, 1,311; The companys sales soared in 2020 as the popularity of home workouts increased during the COVID-19 pandemic. Proceed to Buy, Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Health & Wellness Food Market, by Distribution Channel7.1.

4. Competitors identified in this market include, among others: I. October 26, 2021 04:28 ET The country currently accounts for a 28.94% share in the global market. .covid_form_btn {width: 168px; color: #340f49;} At the same time, the wellness sector is getting more competitive, so companies should think critically about strategies to engage consumersand whether an ecosystem model might make sense. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Sign up today for your free Reader Account!