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Health and Wellness Foods - Global Strategic Business Report

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    Report

  • 729 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140967

Global Health and Wellness Foods Market to Reach $1.6 Trillion by 2030

The global market for Health and Wellness Foods estimated at US$861.1 Billion in the year 2022, is projected to reach a revised size of US$1.6 Trillion by 2030, growing at a CAGR of 7.9% over the analysis period 2022-2030. Naturally Healthy Foods, one of the segments analyzed in the report, is projected to record 8.9% CAGR and reach US$630.2 Billion by the end of the analysis period. Growth in the Functional Foods segment is estimated at 8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $262.4 Billion, While China is Forecast to Grow at 10.7% CAGR

The Health and Wellness Foods market in the U.S. is estimated at US$262.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$211.8 Billion by the year 2030 trailing a CAGR of 10.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 7.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.

Select Competitors (Total 269 Featured)

  • Abbott Laboratories
  • Aleia’s Gluten Free Foods
  • Amy’s Kitchen
  • Archer-Daniels-Midland Company
  • Arla Foods amba
  • Bayer AG
  • Blue Diamond Growers
  • Bob’s Red Mill Natural Foods
  • Chiquita Brands International Sàrl
  • Chobani Global Holdings, LLC
  • Clif Bar & Company
  • Danone SA
  • Fifty50 Foods
  • Glanbia PLC
  • Kellogg Co.
  • Mars, Incorporated
  • Nestlé SA
  • The Procter & Gamble Company
  • United Natural Foods, Inc. (UNFI)

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Health and Wellness Foods Market

What is the estimated value of the Health and Wellness Foods Market?

The Health and Wellness Foods Market was estimated to be valued at $861.1 Billion in 2022.

What is the growth rate of the Health and Wellness Foods Market?

The growth rate of the Health and Wellness Foods Market is 8.1%, with an estimated value of $1600 Billion by 2030.

What is the forecasted size of the Health and Wellness Foods Market?

The Health and Wellness Foods Market is estimated to be worth $1600 Billion by 2030.

Who are the key companies in the Health and Wellness Foods Market?

Key companies in the Health and Wellness Foods Market include Abbott Laboratories, Aleia’s Gluten Free Foods, Amy’s Kitchen, Archer, Daniels, Midland Company, Arla Foods amba, Bayer AG, Blue Diamond Growers and Bob’s Red Mill Natural Foods.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Focus on Healthy Eating for Everyday Wellness Provides the Foundation for the Growth of health and Wellness Foods
  • An Introduction to Health and Wellness Foods
  • Global Market Prospects & Outlook
  • Impact of COVID-19 and Looming Global Recession
  • COVID-19 Pandemic Leads to Increased Consumer Focus on Health and Wellness Products
  • Pandemic Increases Consumer Demand for Healthier Ingredients in Foods and Beverages
  • Global Economic Update
  • War & Inflation Supersede COVID-19 as Major Downside Risks for the Global Economy in 2023 & Beyond
  • Here’s How Inflationary Pressures Affect the Economy
  • Impact of Russia-Ukraine War
  • Stubbornly High Inflation to Single Handedly Drag Down Global Growth
  • Here’s What’s Causing the Current Spike in Inflation
  • Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2023
  • War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022 to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • War, Global Inflation, Cost of Living Crisis, Failed Fiscal Policy Attempts to Restore Price Stability & Contain Downside Risks to Result in Sharper-Than-Expected Slowdown in Global Economic Growth: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Competition
  • Health and Wellness Foods - Global Key Competitors Percentage Market Share in 2023 (E)
  • Health and Wellness Foods Competitor Market Share Scenario Worldwide (in %): 2020E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Functional Foods and Drinks: A Fragmented Market
  • Consolidation Continues to Shape the Market Landscape
  • Food Allergy and Intolerance Products: A Fragmented Market
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Notable Trends in the Health Foods Market
  • Natural Foods and Clean Label Gain Attention
  • Consumers Zero in on Foods and Beverages with Specific Health & Wellness Benefits
  • Functional Foods & Drinks Continue to Gain Interest
  • Functional Foods & Beverages Ecosystem
  • Favorable Outlook for Functional Foods & Beverages Augurs Well for the Market
  • Major Functional Foods, their Functional Components and Health Benefits Summarized
  • Major Functional Spices and their Health Benefits Summarized
  • Plant-Centric Demand to Buoy Functional Foods & Drinks Market
  • Cognitive Health Consciousness Boosts Uptake of Functional Foods
  • Convenient Formats to Benefit Demand
  • Gut Health: A Growing Area of Consumer Interest
  • Probiotics Remain the Preferred Ingredient for Gut Health Foods
  • Prebiotics Making Accelerated Switch from Niche towards Mainstream Category
  • Dairy-Based Functional Yogurt: The Most Popular Probiotic Food
  • Protein-Fortified Products Rise in Demand
  • Free-From Foods: A Transformative Trend in the Food Industry
  • Rise in Food Sensitivities and Intolerances Fuels Demand for Fuel Intolerance Products
  • Lactose-free Products: Rising Incidence of Lactose Intolerance and Sensitivity Fuels Growth
  • Global Lactose-Free Dairy Products Market by Product (in %) for 2022
  • Lactose-free Dairy Products Grab Major Share of Lactose-free Products Market
  • Lactose Content of Dairy and Select Dairy Products
  • Lactose-free Cheese: Perceived Health Benefits and Lactose-Intolerance Drive Sales
  • Gluten-free Products: Addressing the Needs of Gluten Sensitive Individuals
  • Global Gluten-Free Products Market by Type (in %) for 2022
  • Global Gluten-Free Products Market by Distribution Channel (in %) for 2022
  • Rising Incidence of Celiac Disease & Growing Health Awareness among Consumers Present Opportunities for Gluten-Free Products Market
  • Gluten-Free Trend Gains Prominence in Bakery Products Market
  • Gluten-free Beverages Market: Health Advantages Spur Growth
  • Rising Popularity of Gluten-free Snacks
  • Taste: A Key Factor Determining Consumer Acceptance of Gluten-Free Products
  • Growing Consumer Preference for Natural & Organic Foods Drives Market
  • Organic Food as % of Total Food in the US for 2011-2025
  • Changing Consumer Attitude Towards Dietary Fiber To Benefit Demand For High Fiber Foods
  • Myriad Health Benefits of Whole Grains and High Fiber Diet to Drive Widespread Consumption
  • Fiber: The Out and Out Growth Driver
  • Common Whole Grain Varieties & their Health Benefits
  • Changing Consumer Needs Drive Demand for Whole Grain Nutrition Bars
  • Surging Popularity of Plant-based Health Foods
  • Demographic Influence on Plant -based Products Market
  • Why Plant-based Alternative Meat Appears to Lose Flavor & Hit Saturation Point
  • Growing Focus on Weight Management Boosts Prospects in Health & Wellness Foods Market
  • Average Per Capita Annual Health Expenditure (In US$) due to Obesity
  • Estimated Global Prevalence and Numbers of Adults Living with Obesity: 2010-2030
  • Estimated Prevalence of Obesity BMI =30kg/m2 among Women across Select Countries by 2030
  • Estimated Prevalence of Obesity BMI =30kg/m2 among Women across Select Countries by 2030
  • Increasing Prevalence of Chronic & Lifestyle Diseases Enhances Consumer Spending on Wellness Foods
  • Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • With Fitness & Gym Trainers Promoting Healthy Diets as Part of Fitness Routines, Health & Wellness Foods Market Set to Grow
  • Market to Benefit from Manufacturer & Retailer Efforts to Promote Health & Wellness Foods
  • Innovations in Health & Wellness Foods Boost Market Prospects
  • Demographic Factors Influence Growth in Health & Wellness Foods Market
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Millennials Inclination towards Health & Fitness and the Ensuing Focus on Health Foods and Drinks Drive Market Gains
  • Millennial Population as a Percentage (%) of Total Population: 2022
  • Dive into Nutrition & Health Preferences of Gen Z and Opportunities for Food Brands
  • GenZ Emerges as the Single Largest Population Segment, Driving Future Growth Opportunities: Global Population Breakdown by Generation Category: 2022
  • Urbanization Trend
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Burgeoning Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Challenges Facing the Health and Wellness Foods Market
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Health and Wellness Foods Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Health and Wellness Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Health and Wellness Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Health and Wellness Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Naturally Healthy Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Naturally Healthy Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Naturally Healthy Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Functional Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Functional Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Functional Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Better-For-You (BFY) Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Better-For-You (BFY) Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Better-For-You (BFY) Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Organic Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Organic Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for Organic Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Food Intolerance Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Food Intolerance Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Food Intolerance Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Retail by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Online by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Health and Wellness Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • COVID-19 Outbreak Triggers Interest in Immunity Boosting Diet
  • Changing Consumer Perceptions about Health and Wellness in the US to Benefit Market
  • COVID-19 Drives Demand for Snacks, Focus on Healthy Eating Rises
  • Restaurants and Brands Focus on Innovation to Remain Relevant during Pandemic
  • Functional Foods Market Benefits from Aging Population & Growing Focus on Health & Wellness
  • Rise in Popularity of Healthy Functional Beverages
  • Baby Boom Opens New Window of Opportunity for Functional Foods & Drinks for Kid’s Health
  • Rise in Demand for Products that Promote Gut and Digestive Health
  • Amidst Rising Incidences of Food Allergy and Intolerances, Free-From and Allergy-Friendly Foods Surge in Demand
  • Consumer Move towards Selective Food Avoidance Reshaping Food Industry
  • Gluten Intolerance and Shift towards Healthy Diets Bolsters Sales of Gluten-free Products
  • US Gluten-Free Foods & Beverages by Category (in %) for 2022
  • Growing Appetite for Organic Food Among Americans
  • CANADA
  • Health & Wellness Trend Drives Functional Foods Market
  • JAPAN
  • Health and Wellness Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Japan: A Promising Market for Health & Wellness Foods
  • Aging Population: A Prime Target for Functional Food Makers
  • Japanese Elderly (65+ Years) Population: 2000-2050
  • CHINA
  • Health and Wellness Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Rising Emphasis on Healthy Living Fuels Demand for Functional Foods
  • Free-From Foods Grow in Demand
  • EUROPE
  • Health and Wellness Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Consumer Focus on Health and Wellness Boosts Growth Prospects
  • Changing Demographics Propel Market Growth
  • European Population By Age Group: Percentage Share Breakdown of Age Groups for 2020 & 2040
  • Europe: A Leading Gluten-free Products Market
  • European Gluten-Free Foods Market Breakdown of Consumption (%) by Product for 2022
  • Protein and Plant-Based Products Gain Preference
  • FRANCE
  • GERMANY
  • Increasing Focus on Health and Wellness Drives Demand for Functional Foods
  • Market Share of Leading Functional Drink Companies in Germany (2022)
  • ITALY
  • UNITED KINGDOM
  • Functional Foods & Beverages: A Promising Market
  • Food Allergies Drive Growth in Free-From Foods Market
  • Gluten-free Products Find Favor in the UK
  • Lactose-Free Market Poised for Growth
  • UK Lactose-Free Dairy Products Market Breakdown of Sales (in %) by Product: 2022
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Health and Wellness Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Health & Wellness Foods Market Poised for High Growth
  • AUSTRALIA
  • INDIA
  • Demand for Wellness Products increases in India Amidst the Pandemic
  • Lucrative Opportunities for Functional Foods and Drinks
  • Factors Restraining Growth
  • Food Allergies and Intolerances on the Rise among Indians Fuels Growth in Free-from Foods
  • Rising Incidence of Celiac Disease Creates Pressing Need for Gluten-free Diets
  • Concerns over Growing Lactose Intolerance Drive Sales of Lactose-free Foods
  • Indian Health and Wellness Start-Ups Register Considerable Investments
  • SOUTH KOREA
  • Functional Foods & Beverages: A Promising Market
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Health and Wellness Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abbott Laboratories
  • Aleia’s Gluten Free Foods
  • Amy’s Kitchen
  • Archer-Daniels-Midland Company
  • Arla Foods amba
  • Bayer AG
  • Blue Diamond Growers
  • Bob’s Red Mill Natural Foods
  • Chiquita Brands International Sàrl
  • Chobani Global Holdings, LLC
  • Clif Bar & Company
  • Danone SA
  • Fifty50 Foods
  • Glanbia PLC
  • Kellogg Co.
  • Mars, Incorporated
  • Nestlé SA
  • The Procter & Gamble Company
  • United Natural Foods, Inc. (UNFI)