Analysis on Impact of COVID-19 – Health and Wellness Food Market 2020-2024 | Adoption of Healthy Eating Habits to Boost Growth | Technavio – Business Wire

LONDON–()–Technavio has been monitoring the health and wellness food market and it is poised to grow by USD 235.94 million during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Archer Daniels Midland Co., Danone SA, Dean Foods Co., Mondelez Global LLC, General Mills Inc., GlaxoSmithKline Plc, Kellogg Co., Nestle SA, PepsiCo Inc., and Yakult Honsha Co. Ltd. are some of the major market participants. The adoption of healthy eating habits will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Adoption of healthy eating habits has been instrumental in driving the growth of the market.

Health and Wellness Food Market 2020-2024: Segmentation

Health and Wellness Food Market is segmented as below:

  • Geography
    • North America
    • APAC
    • Europe
    • MEA
    • South America
  • Distribution Channel
    • Retail Stores
    • Online Stores
  • Product
    • Naturally Health Food
    • Functional Food
    • BFY Food
    • Organic Food
    • Food Intolerance Products

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Health and Wellness Food Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our report covers the following areas:

  • Health and Wellness Food Market Size
  • Health and Wellness Food Market Trends
  • Health and Wellness Food Market Industry Analysis

This study identifies the rising preference for organic food as one of the prime reasons driving the health and wellness food market growth during the next few years.

Health and Wellness Food Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the health and wellness food market, including some of the vendors such as Archer Daniels Midland Co., Danone SA, Dean Foods Co., Mondelez Global LLC, General Mills Inc., GlaxoSmithKline Plc, Kellogg Co., Nestle SA, PepsiCo Inc., and Yakult Honsha Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the health and wellness food market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Health and Wellness Food Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist health and wellness food market growth during the next five years
  • Estimation of the health and wellness food market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the health and wellness food market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of health and wellness food market vendors

Table Of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Naturally health food – Market size and forecast 2019-2024
  • Functional food – Market size and forecast 2019-2024
  • BFY food – Market size and forecast 2019-2024
  • Organic food – Market size and forecast 2019-2024
  • Food intolerance products – Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Retail stores – Market size and forecast 2019-2024
  • Online stores – Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Archer Daniels Midland Co.
  • Danone SA
  • Dean Foods Co.
  • Mondelez Global LLC
  • General Mills Inc.
  • GlaxoSmithKline Plc
  • Kellogg Co.
  • Nestle SA
  • PepsiCo Inc.
  • Yakult Honsha Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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