Kerri Waldron
The Paleo food market has witnessed a remarkable surge in popularity over the past few years, as health-conscious consumers seek to embrace a more primal approach to nutrition. Inspired by the eating habits of our ancient ancestors, the Paleo diet emphasizes whole, unprocessed foods, and eschews modern grains, refined sugars, and processed foods.
The global paleo food market is anticipated to register a CAGR of 5.6% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 11.2 billion in 2023 to US$ 19.4 billion by 2033 end.
The paleo food market is projected to witness an upward trend over the upcoming years. This can be attributed to the surging efforts by key participants to encourage healthy eating by developing delicious foods consisting of real paleo ingredients. Additionally, innovation in the packaging of paleo food items to preserve these food products, in tandem with attracting more consumers, is supporting the market expansion. Further, the elevating awareness about the paleo diet and its cost-effectiveness is propelling the market growth.
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The extreme popularity of the paleo approach among health enthusiasts and fitness influencers on social media is also driving the paleo food industry. The market is further benefitting from the branding activities adopted by key players to effectively promote their paleo food products. Surging awareness about the health benefits and weight loss potential of the Paleo diet is boosting the demand for paleo food the world over.
Key Highlights of the Paleo Food Market:
- The United States is a principal country for paleo food. The country is projected to account for US$ 6.9 billion by 2033, registering a CAGR of 5.4%. Prolific expansion owing to surging collaborations between existing companies is leading to market expansion.
- China is expected to be a significant market in the Asia Pacific. The market is projected to generate sales of US$ 1.4 billion by 2033, expanding at a CAGR of 5.1%. Growing investment in organized retailing to deepen the market penetration is propelling the market growth.
- The United Kingdom is projected to witness a market valuation of US$ 816.4 million by 2033. The market is anticipated to demonstrate a CAGR of 4.7% from 2023 to 2033.
- The growing demand for vegetables is yielding market expansion. The vegetable section is estimated to secure a CAGR of 5.2% over the forecast period.
News Featuring Market Developments by Key Players of Paleo Food Solutions:
- In March 2022, The Paleo Diet, LLC, along with Where Food Comes From, Inc. jointly revealed their partnership offering an industry-leading paleo food certification. Through this partnership, the latter company has decided to be the exclusive third-party verifier of The Paleo Diet food program. This certificate program is the only one recognized by the founder of the modern paleolithic nutrition movement, Dr. Loren Cordain.
- In September 2019, Caveman Foods, a developer of delicious foods made of real paleo ingredients, introduced three new flavors of Grain Free Granola. With snacking on the rise, and surging consumer demand for delicious and healthy snacks, Caveman has come up with Grain-Free Granola. This product offers real foods like seeds and nuts and is sweetened with coconut sugar and maple syrup. Each variant of this product is dairy-free, soy-free, grain-free, and non-GMO project certified.
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Key Segments
By Product Type:
- Meat
- Fish and Seafood
- Eggs
- Vegetables
- Fruits
- Nuts and Seeds
- Fats and Oils
- Salt and Spices
- Others
By End Use:
- Cereals
- Bakery Products
- Snacks
- Sports Nutrition & Beverage
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East & Africa
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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Source: fmiblog.com
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