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Silver Food Market Trends

Report ID: GMI3183
Published Date: Sep 2024
Report Format: PDF

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Silver Food Market Trends

The silver food industry is experiencing notable shifts driven by the preferences of younger consumers. This demographic increasingly prioritizes health and sustainability, prompting a rise in demand for silver foods that align with these values. Young consumers are drawn to products that offer functional benefits, such as enhanced nutrition or added convenience, and those that emphasize eco-friendly production methods.

Additionally, there is a growing interest in foods that incorporate silver nanoparticles for their purported health benefits, such as improved digestion and antimicrobial properties. This trend is complemented by a rising appetite for transparency and ethical practices in food sourcing. To capitalize on these trends, companies must innovate to meet the evolving expectations of younger consumers while addressing their concerns about sustainability and health.

Authors: Kiran Pulidindi, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of silver food reached USD 17.94 billion in 2023 and is set to grow at a 5.4% CAGR from 2024 to 2032, driven by the rise in ageing population.

In 2023, grocery stores held a 30% market share, amounting to USD 5.38 billion, and are projected to grow at a 5.5% CAGR from 2024 to 2032.

The Asia Pacific market is projected to achieve USD 10.93 billion, with a CAGR of 7.0% from 2024 to 2032.

The hospital segment is expected to grow at a rate of about 3% through 2032, led by the increasing number of elderly patients and the rising health issues.

Top companies operating in the industry include Pfizer, Nestle, DSM, Abbott Laboratories, Arla Foods Ingredients Group, bistroMD, Magic Kitchen, Dussmann Group, Carezzo Nutrition B.V., and Harrogate Neighbours Housing Association Ltd.