May 27, 2019
The global wellness economy was valued at $4.2 trillion in 2017, while the health food segment was valued at nearly $700 billion.
“For years, consumers living on the U.S. coast have enjoyed access to healthy foods, easily stumbling upon kombucha or probiotic-filled chocolates in trendy, niche boutiques and health food stores,” notes report author Smruti Munshi. “In recent years, we’ve seen larger corporations embrace wellness, starting a strong ripple effect and bringing better food at better prices to grocery stores across the country. These moves indicate a strong interest among millennials, a demographic that with an estimated buying power of $1 trillion is more dedicated to eating well and supporting ethical, sustainable business practices with its dollars than any other generation.”
Indian Health-Food Market Expects High Growth Through 2020
The health food market in India was valued at only $1.5 million in 2016, but expects a compound annual growth rate of 25% through 2020. Growth comes thanks to the penetration of packaged foods and growing consumer preferences for healthy cookies, fortified whole wheat flour, healthy oils and sugar substitutes.
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Health Food Reigns( HLC227A )
Publish Date: May 2019
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