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Meticulous Research®—a leading global market research company, published a research report titled ‘Paleo Food Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research®, the paleo food market is expected to reach $17.98 billion by 2031, at a CAGR of 5.5% from 2024 to 2031.
The rising prevalence of diabetes and obesity, increasing consumer awareness regarding the benefit of natural products, rising disposal income & spending on healthy food products, and increasing availability of paleo food products in the market are driving the growth of the paleo food market.
In addition, the rise in e-commerce platforms and technological advancements in product formulation create business opportunities for market players. Also, the increasing adoption of clean-label products is a prominent trend in the paleo food market.
However, the market faces challenges such as the high price of paleo food and sourcing and growing of raw materials.
Key Players:
The paleo food market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in paleo food market are The Paleo Foods Co Ltd. (U.K.), Caveman Foods (U.S), Paleo Pure (Australia), EPIC Provisions (General Mills Inc.) (U.S.), Blue Mountain Organic (U.S.), Pacific Food (U.S.), True Primal (U.S.), Paleo Leap (U.S.), Kevin's Natural Foods (U.S.), Bob's Red Mill Natural Foods, Inc. (U.S.), and Nutiva Inc. (U.S.), among others.
The paleo food market is segmented based on type, application, and distribution channel. The report also evaluates industry competitors and analyzes the paleo food market at the regional and country levels.
By type, in 2024, the vegetables and fruits segment is expected to account for the largest share of the paleo food market. This segment’s large market share is primarily due to the high availability of organic fruits and vegetables that are rich in critical nutrients, vitamins, and minerals, as well as their high antioxidant content and health-promoting characteristics. Furthermore, the growing vegan population and increased awareness regarding benefits of eating fruits and vegetables are supporting the growth of this industry.
By application, in 2024, the cereals segment is expected to account for the largest share of the paleo food market. The large market share of this segment is attributed to the growing consumer demand for healthy breakfast options, product innovation by introducing exotic flavors to cater to changing taste preferences, and growing trend of clean eating.
By distribution channel, in 2024, the offline segment is expected to account for the largest share of the paleo food market. This large market share is attributed to factors such as easy asses to a wide variety of products in one location; easy to compare and purchase; high consumer trust on respective stores; and large availability of supermarkets, hypermarkets, and convenience stores.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Netherlands, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa)
By geography, in 2024, North America is expected to account for the largest share of the paleo food market, followed by Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The large share of this regional market can be attributed to several factors, including increasing consumer awareness regarding health issues, presence of major manufacturers in the area, proliferation of online and physical health food stores, growing demand for organic food items, rising rate of obesity in the population, and presence of a large number of fitness enthusiasts & athletes and growing uptake of paleo diets among these groups.
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Key Questions Answered in the Report-
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