Key Highlights
- The global health and wellness market was valued at approximately $4.4 trillion in 2020
- The herbal supplement market is projected to reach $11.2 billion by 2027, growing at a CAGR of 5.4%
- Over 70% of Americans take dietary supplements
- The sports nutrition market is expected to grow to $54 billion by 2027
- The plant-based protein market was valued at $9.4 billion in 2020 and is expected to grow at a CAGR of 11.8% through 2027
- The organic food sales in the U.S. reached approximately $50 billion in 2020, constituting about 6.5% of total food sales
- The vitamin and dietary supplement industry generates over $30 billion annually in the U.S.
- Global probiotic market size was valued at around $54 million in 2020 and is expected to reach $95 billion by 2027
- The keto diet market is expected to reach $15.64 billion by 2027, growing at a CAGR of 5.4%
- The meal kit delivery services market was valued at $10.26 billion in 2020 and is projected to grow
- The global organic beverages market size was valued at $25.4 billion in 2019 and is projected to reach $46.2 billion by 2027
- The gluten-free food market is projected to reach $43.65 billion by 2027 with a CAGR of 9.4%
- Nearly 65% of consumers in the U.S. are actively trying to incorporate more plant-based foods
The nutrition industry is booming into a $4.4 trillion global powerhouse, driven by soaring demand for plant-based foods, supplements, and health-conscious products anticipated to reach hundreds of billions in value over the next few years.
Health and Wellness Trends
- Over 70% of Americans take dietary supplements
- Nearly 65% of consumers in the U.S. are actively trying to incorporate more plant-based foods
- Over 80% of consumers globally are attempting to lead healthier lifestyles, including better nutritional choices
Health and Wellness Trends Interpretation
Market Growth and Forecasts
- The herbal supplement market is projected to reach $11.2 billion by 2027, growing at a CAGR of 5.4%
- The sports nutrition market is expected to grow to $54 billion by 2027
- The plant-based protein market was valued at $9.4 billion in 2020 and is expected to grow at a CAGR of 11.8% through 2027
- Global probiotic market size was valued at around $54 million in 2020 and is expected to reach $95 billion by 2027
- The keto diet market is expected to reach $15.64 billion by 2027, growing at a CAGR of 5.4%
- The meal kit delivery services market was valued at $10.26 billion in 2020 and is projected to grow
- The global organic beverages market size was valued at $25.4 billion in 2019 and is projected to reach $46.2 billion by 2027
- The gluten-free food market is projected to reach $43.65 billion by 2027 with a CAGR of 9.4%
- The global functional foods market size was valued at approximately $275 billion in 2020, expected to grow significantly by 2027
- The global nutritional supplements market was estimated at $140 billion in 2020 and is projected to reach $230 billion by 2027
- The pet supplement market is growing at a rate of approximately 7.6% annually, reaching an estimated $2.9 billion in 2022
- The global meal replacement market was valued at $11.6 billion in 2020 and is expected to grow at a CAGR of 6.2% through 2028
- The low-carb food market is projected to reach $8.2 billion by 2028, driven by popularity of diets like keto and Atkins
- The organic snack food segment is projected to grow at a CAGR of 8.2% from 2021 to 2028, due to increasing health awareness
- The global sugar substitutes market was valued at $7.2 billion in 2020 and is expected to grow to $12 billion by 2027
- The global nutraceuticals market is projected to reach $578 billion by 2025, growing at a CAGR of 8.3%
- The plant-based dairy alternatives market size was valued at $21.4 billion in 2020 and is expected to double by 2028
- The market for collagen supplements is projected to reach $7.3 billion by 2026, growing at a CAGR of approximately 9%
- The demand for functional beverages is forecast to grow at a CAGR of 8.9% from 2021 to 2027, driven by health-conscious consumers
- The fortified foods market is expected to reach $342 billion by 2027, with growth driven by increasing micronutrient deficiencies
- The global market for keto-friendly snacks is projected to grow at a CAGR of 7.2% from 2021 to 2028, reaching over $2 billion by 2028
- Organic meat sales in the U.S. have increased by over 25% in the last five years, reflecting rising consumer awareness
- The global market for plant-based foods is expected to reach $74.2 billion by 2027, growing at a CAGR of 11.9%
- The demand for bioavailable minerals in supplements is increasing, with the market expected to grow at a CAGR of 10.1% through 2027
- The global market for probiotic functional foods is expected to reach over $21 billion by 2027, growing at a CAGR of 7.1%
Market Growth and Forecasts Interpretation
Market Segments and Consumer Products
- The global health and wellness market was valued at approximately $4.4 trillion in 2020
- The vitamin and dietary supplement industry generates over $30 billion annually in the U.S.
- The vitamin D market segment alone was valued at nearly $1.2 billion in 2020 and is expected to grow significantly
Market Segments and Consumer Products Interpretation
Natural and Organic Food Products
- The organic food sales in the U.S. reached approximately $50 billion in 2020, constituting about 6.5% of total food sales
Natural and Organic Food Products Interpretation
Sources & References
- Reference 1MARKETRESEARCHResearch Publication(2024)Visit source
- Reference 2ALLIEDMARKETRESEARCHResearch Publication(2024)Visit source
- Reference 3PETFOODINDUSTRYResearch Publication(2024)Visit source
- Reference 4GLOBALMARKETINSIGHTSResearch Publication(2024)Visit source
- Reference 5OTAResearch Publication(2024)Visit source
- Reference 6STATISTAResearch Publication(2024)Visit source
- Reference 7REPORTLINKERResearch Publication(2024)Visit source
- Reference 8GLOBENEWSWIREResearch Publication(2024)Visit source
- Reference 9NIELSENResearch Publication(2024)Visit source
- Reference 10NCCIHResearch Publication(2024)Visit source
- Reference 11NUTRITIONINSIGHTResearch Publication(2024)Visit source
- Reference 12MORDORINTELLIGENCEResearch Publication(2024)Visit source
- Reference 13GRANDVIEWRESEARCHResearch Publication(2024)Visit source
- Reference 14FUTUREMARKETINSIGHTSResearch Publication(2024)Visit source
- Reference 15LUCINTELResearch Publication(2024)Visit source
- Reference 16BUSINESSINSIDERResearch Publication(2024)Visit source