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Purple Foods Market: Segmented by Type (Fruits, Grains, Legumes, Vegetables and Other); By Distribution Channel (Convenience stores, Hypermarkets & supermarkets, E-commerce platforms and Other); and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030
[170+ Pages Research Report] Purple Foods Market to surpass USD 0.29 billion by 2030 from USD 0.21 billion in 2020 at a CAGR of 3.5% in the coming years, i.e., 2020-30.
Purple foods have a high concentration of anthocyanins. Purple grapes, figs, passion fruit, raisins, plums, and dried plums are all common purple fruits. Purple foods include berries including blackberries, blueberries, elderberries, cranberries, chokeberries, and bilberries. The purple food aids in the prevention of diseases like cancer, ageing, obesity, and inflammation. Anthocyanins can protect the heart muscle and blood vessels from oxidative damage, delay the ageing of the brain by two and a half years, and promote eye health.
Global Purple Foods market is expected to project a notable CAGR of 3.5% in 2030.
Global Purple Foods to surpass USD 0.29 billion by 2030 from USD 0.21 billion in 2020 at a 3.5% CAGR in the coming years, i.e., 2021-30. This growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand for Purple Foods. The growth of online stores is also propelling the selling of high-end products. Market shifts toward healthier foods, population growth, enhanced cold chain logistics, adoption of automation systems and goods, and other factors are driving the global purple food industry.
Fruits segment to grow with the highest CAGR during 2020-30
Global Purple Foods market is segmented by type into Fruits, Grains, Legumes, Vegetables and Other. Fruits segment held the largest market share in the year 2020. Purple fruits, such as grapes, which are used in the production of wine, are evolving steadily as a result of an increasing number of consumers in various end-use industries.
Hypermarkets & supermarkets segment to grow with the highest CAGR during 2020-30
Global Purple Foods market is segmented by distribution channel into Convenience stores, Hypermarkets & supermarkets, E-commerce platforms and others. Hypermarkets &supermarkets segment held the largest market share in the year 2020. During the forecast period, it is predicted to be the largest and fastest-growing market. The wide variety of products available and the convenience of real-time brand comparison for customers are the primary reasons for hypermarkets and supermarkets' popularity in this market.
Health Benefits and Surging Demand from End Users
Surging demand of Purple Foods from numerous end-user industries is the key factor contributing in the market growth. Purple foods include berries including blackberries, blueberries, elderberries, cranberries, chokeberries, and bilberries which aids in the prevention of diseases like cancer, ageing, obesity, and inflammation. Anthocyanins can protect the heart muscle and blood vessels from oxidative damage, delay the ageing of the brain by two and a half years, and promote eye health.
Growth of Online Stores and Enhanced Cold Chain Logistics
This growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand for Purple Foods. The growth of online stores is also propelling the selling of high-end products. Market shifts toward healthier foods, population growth, enhanced cold chain logistics, adoption of automation systems and goods, and other factors are driving the global purple food industry.
Climatic and Environmental Conditions and Resource Shortages
However, the industry could be vulnerable due to climatic and environmental conditions, resource shortages, and regulating regulatory changes from time to time.
Exberry
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Purple Foods market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa.Global Purple Foods in APAC held the largest market share in the year 2020. The increasing adoption of Western culture in the area, rising disposable income, and the on-the-go snacking trend among the urban population due to busy lifestyles are all factors driving the APAC region's development. During the time span under review, Asia-Pacific is expected to be the fastest-growing regional segment.
Global Purple Foods Market is further segmented by region into:
Purple Foods Segments:
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