NEW YORK, May 11, 2021 /PRNewswire/ --
The global health and wellness food market size is expected to grow by USD 235.94 million during 2020-2024, progressing at a CAGR of over 8% during the forecast period.
NEW YORK, May 11, 2021 /PRNewswire/ --
The global health and wellness food market size is expected to grow by USD 235.94 million during 2020-2024, progressing at a CAGR of over 8% during the forecast period.
The growing adoption of healthy eating habits is one of the major factors propelling market growth. However, factors such as high cost of health and wellness food may impede market growth.
Increasing adoption of healthy eating habits will drive the health and wellness food market growth. This study also identifies the importance of organic food and increasing food sensitivities as one of the prime reasons positively impacting the market growth during the next few years. Moreover, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments to make the most of the opportunities.
More details: www.technavio.com/report/health-and-wellness-food-market-industry-analysis
Global Health and Wellness Food Market: Geographic Landscape
32% of the market's growth will originate from Europe during the forecast period. UK and France are the key markets for health and wellness food in Europe. Moreover, Europe will offer several growth opportunities to market vendors during the forecast period.
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Health And Wellness Food Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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Report: https://www.technavio.com/report/health-and-wellness-food-market-industry-analysis
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