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Market research analysts at Technavio predict that the global paleo food market will grow steadily at a CAGR of more than 5% by 2021. Paleo foods are natural and organic and are rich concentrated sources of various vitamins and minerals. These foods help in sustained weight loss and improve glucose tolerance, decrease insulin secretion, and rise insulin sensitivity. Paleo diet can prevent and even stop the progression of diabetes and can drastically improve glucose metabolism in the body. Moreover, paleo diet is a rich concentrated source of nutrient-dense foods and healthy fats such as vegetables and nuts. Consuming paleo foods also ensures the higher intake of nutrients in accordance with the correct intake ratio of omega-3 and omega-6 fatty acids. The correct intake of these fatty acids will help in the reduction of inflammation in the body. Such health advantages of paleo foods will significantly drive the growth of this market during the next few years.
The rising preference towards the consumption of natural nutrient-based ingredients is one of the latest trends that will contribute to the growth of this market in the forthcoming years. The need for consuming natural nutrient-based ingredients has resulted in the increasing demand for green foods and grains, which form an integral part of global paleo food market. Moreover, the growing awareness about the health benefits from the consumption of natural nutrient-based ingredients has led to change in consumer preferences toward alternative and paleo-based diet. Some of the paleo-based products that have gained popularity over the last five years include PALEO PURE Trail Mix from PALEO PURE Steve's Paleo krunch Granola, Paleo goods, Paleo bars and Paleo Cookies, and Paleo Protein Bars from Julian Bakery.
The paleo food market is moderately fragmented due to the presence of a limited number of large and small vendors. The players in the market compete on factors such as price, quality, product differentiation, distribution, and promotion. To sustain and succeed in such an intensely competitive environment, it becomes important for vendors in the market to differentiate their product and services through a unique and clear value proposition.
The leading vendors in the market are -
The other prominent vendors in the market are Back Roads Food (BRF), Black Bear, Paleo Food Prodotti Per La Dieta Paleo, EPIC, Paleo Leap, Primal Pacs, Steve's PaleoGoods (SPG), and The Paleo Foods Company (TPFC).
During 2016, the cereals, bakery products, and snacks segment accounted for the major shares of the paleo food market. Factors such as the rising awareness about the health benefits from the consumption of paleo-based food products and the rising number of innovative and exotic flavors, will contribute to the growth of this industry segment in the coming years. Additionally, the increasing availability of paleo-based food products through online retailing, will also impact the growth of this segment.
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the paleo food market throughout the forecast period. The growing awareness about the health benefits from the consumption of paleo food products and the rising penetration of online retailing, are the major factors that will impact the growth of the paleo food market in this region.
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This upcoming report on the global paleo food market offers insights into the major trends and forthcoming drivers influencing the growth of the food and beverage industry. Our reports for the food and beverage industry also follow a scrupulous data collection methodology and presents an extensive analysis of fast growing market segments like food.
By considering the market forecast and size, surging demand for various segments in the food sector, the market research professionals at Technavio present an all-inclusive picture of the paleo food market between 2017 to 2021. Furthermore, our research practices support clients develop impactful growth strategies and keep pace with the continually changing market dynamics. This market research report also presents an extensive analysis of various products and services based on the insights from the information gathered from specific resources such as channel partners and market stakeholders.
This forthcoming market research report on the paleo food market also covers vendors like The Paleo Foods Co., Paleo Baking Company, Paleo Braaap, LLC, Primal Pacs, Black Bear GmbH, Blue Mountain Organics, and Back Roads Food Company. According to our market research experts, rapid innovation in the paleo food products is expected to impact the global market significantly during the next few years.
The upcoming industry research report for paleo food market also categorizes the key drivers, major trends, along with the imminent restraints that the food sector currently experiences. This upcoming report on the paleo food market presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the food and beverage industry. Technavio also offers in-depth market assessments into the sectors such as food services and non-alcoholic beverages.
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