Skip to main content

The Simply Good Foods Company(SMPL-Q)
NASDAQ

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

Global Nutritional Food Market Expected To Reach $11 Billion By 2029 as Demand for Healthy Options Grows

PR Newswire - Thu Sep 22, 2022

FinancialNewsMedia.com News Commentary

Palm Beach, Fla., Sept. 22, 2022 /PRNewswire/ -- The Global nutritional food market has emerged from the pandemic as a market that is projected to continue rapid growth in the coming years. Human bodies need vitamins and minerals, known as micronutrients. These micronutrients nourish body and helps in keeping it healthy. The rise in health awareness is escalating the growth of the nutritional food market.  These nutrients can reduce your risk for chronic diseases. According to DATA BRIDGE Market Research, the global nutritional food market, which was valued at USD 5.40 billion in 2021, is expected to reach USD 11.08 billion by 2029, registering a CAGR of 9.40% during the forecast period of 2022-2029. The market report said: "Nutrition refers to the physiological and biochemical process through which an organism uses food to support its life. Absorption, biosynthesis, excretion, ingestion, assimilation and catabolism are included in it. Nutrient-rich foods are known to have low sodium, sugar, bad fats and starches, also they possess large amount of vitamin and minerals."  The increase in the cases of malnutrition and poor diets across the globe acts as one of the major factors driving the growth of nutritional food market. The implementation of nutrition labeling and claims regulations owing to the benefits to the food industry from nutritional labeling and claims accelerate the market growth. The increase in demand for nutritional and dietary supplements due to the rising health consciousness further influence the market."  Active companies in the markets this week include: Pangea Natural Foods Inc. ( OTCQB: PNGAF) (CSE: PNGA), Beyond Meat, Inc. (NASDAQ: BYND), The Simply Good Foods Company (NASDAQ: SMPL), United Natural Foods, Inc. ( NYSE: UNFI), The Very Good Food Company Inc. (NASDAQ: VGFC) (TSX-V: VERY).

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe