Paleo Food Market

Paleo Food Market Size, Growth, Forecast (2023-2028)

The Global Paleo Food Market size was US$ USD 10.3 Billion in 2022 and is anticipated to succeed in the valuation of US$ 14.8 Billion in 2028 and is predicted to register a CAGR of 5.8% during 2023-2028.

Paleo Food Market Scenario:

Global paleo food market is expected to grow at a considerable rate during the forecast period, stimulated by growing consumer preference for natural nutrient-based ingredients and increased awareness of health and fitness. The trend towards gyms and health clubs is also increasing the demand for pareo foods as they are a rich source of essential nutrients and proteins. Increasing disposable income and lifestyle changes are also important factors driving the growth of the global paleo food market. In addition, the growing food and beverage sector and new product launches will drive the paleo food market over the next few years.

Fruits, nuts, roots, vegetables, and meat are typical Paleo foods, while dairy products, grains, sugar, legumes, processed oils, salt, and alcohol or coffee are not. They have a high fat content, a moderate animal protein content, and a low to moderate carbohydrate content.

Recent Developments of Paleo Food Industry:

• HELM and Black Bear Carbon have signed a memorandum of understanding. Black Bear Carbon and HELM announced a long-term supply chain and marketing partnership.
• SSG Capital Advisors ("SSG") acted as the investment banker for Caveman Foods, LLC in the placement of a convertible note by Carmenta Capital Co-Investments, L.P. SSG Capital Advisors ("SSG") acted as the investment banker for Caveman Foods, LLC in the placement of a convertible note by Carmenta Capital Co-Investments, L.P. The funding will offer liquidity to help the company scale and support expansion plans. The deal was completed in October of 2020.

REPORT COVERAGE:

Paleo Food Market Drivers:

Changes in consumer consumption patterns from synthetic foods to natural or organic foods and beverages are driving the growth of the paleo food market. The ever-evolving fitness trend is driving the demand for quantified nutrition that is readily available from old foods. At the same time, the old food market is experiencing increased inviolable income, increased consumer spending on healthy and natural foods, availability of old foods, lifestyle changes and growing awareness of the health benefits of old foods. Furthermore, in current years, instances of weight problems are increasing, and attributable to the busy life-style, the sick outcomes of the sedentary life-style also are rising, thereby augmenting the want for extra nutritious diet. Paleo meals render nutrition, which allows in improving one`s physical as well as mental health.

Paleo Food Market Restraints:

The lack of awareness about the benefits of the paleo diet limits the market's fruitful development. The expanding food and beverage industry, as well as the growing fitness trend, are expected to drive paleo food market growth in the near future.

Paleo Food Market Segmentation Analysis:

By Type:

• Meat
• Vegetables & Fruits
• Nuts
• Seeds
• Healthy Oil/Fat
• Others

Based on type, the market is divided into meat, vegetables and fruits, nuts, seeds, healthy fats and oils, and more. In particular, the vegetable and fruit segment is expected to dominate the global market during the forecast period, as interest in a healthy diet grows and awareness of the benefits of incorporating fruits and vegetables into the diet grows.

By Application:

• Cereals
• Meat Snacks
• Fish Snacks
• Fruit & Nut Bars
• Others

Based on the application, the global paleo food market is divided into cereals, meat snacks, fish snacks, fruit and nut bars, fruit and nut mixes, fruit purees, dairy alternatives and more. The cereals segment will have the largest market share in 2022 and is expected to dominate the market until 2027 as increasingly innovative and exotic flavours enter the market. Cereals are also a rich source of fibre and protein, leading to many consumers in this segment.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Paleo Food Market Regional Analysis:

Based on regional analysis, North America has the largest market share and the Asia Pacific region is projected to record the highest CAGR between 2022 and 2027 (forecast period). In developed regions such as North America, obesity and associated health problems have increased in recent years. Therefore, increasing the number of obese foods is also an important driver of the old food market, as consuming the quantified nutrition of old foods helps improve and maintain mental and physical health. Grocery consumption patterns across the region are greatly influenced by the presence of supermarkets, hypermarkets and specialty stores.

Key Players in the Market:

Major Key Players in the Global Paleo Food Market are

• Back Roads Food Company
• Black Bear GmbH
• Blue Mountain Organics Distribution, LLC
• Caveman Foods LLC
• EPIC
• Pacific Foods of Oregon LLC
• Paleo Food Prodotti Per La Paleo Dieta
• Paleo Leap, LLC.
• Paleo Pure