Global Health and Wellness Foods Market Set to Reach USD1,495bn by 2032

According to a recent report by Fact.MR, this year, the demand for wellness foods is expected to increase at a compound annual growth rate (CAGR) of 6.1%. The trend to eat natural and healthy foods is a significant driver that is expected to bolster the sales of wellness foods. The growing awareness about naturally healthy foods that are rich in antioxidants, fibre, vitamins, and nutrition is also expected to drive growth in the global market.

On the flip side, fluctuations in prices and high cost of health and wellness foods are predicted to act as noticeable constraints for market growth. The study reveals that the European market is projected to hold a share of 33% by the end of 2032, with Germany anticipated to expand at a CAGR of 4.4% through 2032.

The growing use of plant-based diets is a new trend in the industry of wellness food due to the rising count of health-conscious people. The report highlights that the rising population of gluten-intolerant people further propels the demand for gluten-free foods. In addition, there is an increasing demand for natural and clean products owing to rising awareness about the health benefits of these products.