Impressive 3.2% CAGR for Green Food Supplements Market And targeting $755.28 Million by 2032

Green Food Supplements Market Size Worth $755.28 Million By 2032 | CAGR: 3.2%


The global green food supplements market size is expected to reach USD 755.28 million by 2032, according to a new study by Polaris Market Research.

The report “Green Food Supplements Market Share, Size, Trends, Industry Analysis Report, By Product Type (Algae, Grasses, Vegetables, Others); By Form; By Sales Channel; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing demand for plant-based products worldwide is expanding the green food supplement market. There will be a nutritional gap among people who follow a vegan diet. To fill that nutritional gap, one of the best options for them is green food supplements, as they provide convenience and reduce the time constraints on acquiring sufficient energy for the better functioning of the body. Based on the Good Food Institute Report, the plant-based food market share in the United States alone consists of USD 7.4 Million. This signifies the rising trend of vegan food in the coming years due to its various benefits.

According to a US-based study conducted by the Academy of Nutrition and Dietetics, non-vegetarians had a higher risk of developing heart disease, cancer, diabetes, and high blood pressure than vegetarians and vegans. This is fueling the demand for plant-based products and, in a way, driving the demand for green food supplements in the coming years.

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In general, meeting all nutritional needs through diet can be difficult in today's fast-paced lifestyle. Due to their effectiveness in filling nutritional gaps, the need for food supplements is increasing. According to a study, less than 50% of the necessary nutrients are consumed by pregnant women, and 80% of Indians lack certain micronutrients. About 37% of Indians as a whole use supplements, and 23% of urban residents said they need advice from healthcare professionals about supplements.

Companies are stepping forward to raise awareness about green food supplements with effective marketing strategies. The presence of larger online users is fueling better marketing strategies by business organizations. Green food supplements are in high demand owing to their effectiveness in addressing nutritional deficiencies among the general population. As people understand the potential gaps in their bodies, they are more likely to take green food supplements in the near future.

Green Food Supplements Market Report Highlights

  • Algae segment is anticipated to witness the highest growth, due to its of higher nutritional content.
  • Powder segment held the larger share, owing to the faster absorption of vitamins and minerals from the supplements.
  • Online segment held the largest revenue share due to the wider product availability without geographical constraints.
  • APAC is projected to register the largest growth rate in the study period owing to rising product innovations by market players in the region.
  • Europe is expected to have the fastest growth owing to the rising demand for plant-based products and, in turn, nutritional supplements.
  • The global players include Cyane, Earthrise Nutritional, Hard Rhino, Herbal Hills, New England Greens, RSP Nutrition, Tate and Lyle & Zhou.

Polaris Market Research has segmented the green food supplements market report based on product type, form, sales channel and region:

Green Food Supplements, Product Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Algae
  • Grasses
  • Vegetables
  • Others

Green Food Supplements, Form Outlook (Revenue - USD Million, 2019 - 2032)

  • Tablets
  • Capsules
  • Powder

Green Food Supplements, Sales Channel Outlook (Revenue - USD Million, 2019 - 2032)

  • Online
  • Retail Stores
  • Speciality Stores

Green Food Supplements, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Green Food Supplements Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 567.36 million

Revenue forecast in 2032

USD 755.28 million

CAGR

3.2% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Product Type, By Form, By Sales Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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