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Human Nutrition Market by Type (Vitamins, Proteins, Minerals, Fatty Acids, Carbohydrates), Application (Functional Food, Functional Beverages, Dietary Supplements), Population (Geriatric, Pediatric, Maternal) and Geography - Global Forecast to 2030
Report ID: MRFB - 104347 Pages: 200 Jun-2023 Formats*: PDF Category: Food and Beverages Delivery: 24 to 48 Hours Download Free Sample ReportThe Human Nutrition Market is slated to register a CAGR of 7.4% from 2023 to 2030 to reach $189.2 Billion by 2030. The popularity of nutrition-enriched products is rising due to changing lifestyles and the growing number of health-conscious consumers, positively impacting the demand for human nutrition ingredients. The growth of the human nutrition market is mainly attributed to rising health and wellness trend, growing demand for fortified food products, lifestyle changes, rising incidences of chronic diseases, and increasing application in infant formulas and dietary supplements. Furthermore, product launches and technological innovations by the leading players in the human nutrition market are expected to create market growth opportunities. However, stringent regulations and high prices of the products are expected to hinder the growth of this market to some extent.Well-being is becoming a global movement as consumers seek to ensure healthy lives for as long as possible—particularly as average life spans continue to rise. Over the past decade, rapid changes in diets and lifestyles have occurred with industrialization, urbanization, economic development, and globalization. This has a significant impact on health and nutritional status, particularly in developing countries.
Rising Health and Wellness Trend
While living standards have improved, food availability has expanded and diversified. The access to services has increased. There have also been significant negative consequences in inappropriate dietary patterns, decreased physical activities, and a corresponding increase in diet-related chronic diseases, especially among poor people. This results in increased consumer engagement with healthy living and demand for innovative health & wellness products and services.
The Global Wellness Institute estimated that the worldwide wellness industry grew from $4.42 trillion in 2019 to $4.66 trillion in 2020, making it one of the fastest-growing markets. The four macro-environmental trends contributing to an increased focus on health and wellness are the aging global population; rising chronic-disease rates; a rise in self-care, treatment, & prevention; and increasingly educated & connected consumers.
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Globally, the top three most appealing claims or descriptions are natural/all-natural, no artificial ingredients, and low or reduced-fat/sugar/salt. The strong global consumer demand and the desire for operational and distribution efficiencies drive interest in food with simple and easy-to-understand ingredients.
In addition, growing health awareness has increased the demand for food products that support better health, especially low-fat, cholesterol, protein-rich, and weight-control products. As a result, the number of foodstuffs containing nutritional ingredients has grown distinctly in recent years. Also, all-natural and clean-label trends within the food and beverage market are expected to increase the demand for natural ingredients. Growing health awareness has increased demand for food products that support better health, especially low-fat, cholesterol, protein-rich, and weight-control products. As a result, the number of nutritional food has grown distinctly in recent years.
Thus, the changing food and health product preferences and increasing health consciousness among consumers drive the adoption of nutrition-rich products, which fuels the growth of the global human nutrition market.
In 2023, the Vitamins Segment to Dominate the Human Nutrition Market
Based on type, the global human nutrition market is segmented into vitamins (fat-soluble vitamins, water-soluble vitamins), probiotics, proteins and amino acids, carbohydrates (monosaccharides, oligosaccharides, others), fats and fatty acids (omega-3 fatty acid, omega-6 fatty acid, monounsaturated omega-9 fatty acid, palmitic acid (PA), and other mineral types. In 2023, the vitamins segment is expected to account for the largest share of the global human nutrition market. The large market share of this segment is attributed to the increasing attention to health and wellbeing by consumers, the rising prevalence of vitamin deficiencies, and the high demand for vitamin-fortified foods. In addition, the rising health and wellness trends and steady growth in the geriatric population in developed economies are further expected to boost the demand for this segment.
The Functional Beverages Segment is Slated to Register the Highest CAGR During the Forecast Period
Based on application, the global human nutrition market is segmented into functional food, functional beverages, dietary supplements, and other applications. The functional beverages segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the growing demand for functional beverages in emerging economies, increasing demand for sports drinks, and a rise in health expenditure.
In 2023, the Geriatric Population Category Segment to Dominate the Human Nutrition Market
Based on population category, the human nutrition market is segmented into pediatric population, geriatric population, maternal population, athletes population, and other population categories. In 2023, the geriatric population segment is expected to account for the largest share of the human nutrition market. The large market share of this segment is attributed to factors such as the increasing aging population, the growing need to maintain and improve the digestion and immunity system of older adults, and the high prevalence of chronic conditions in this category population.
North America: The Dominating Regional Market
The human nutrition market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the human nutrition market. The large market share of this region is attributed to the well-established nutraceutical and functional food industry; growing demand for nutritional supplements; high investments in the research & development of human nutrition products; rising prevalence of chronic diseases including cancer, diabetes, hypertension, stroke, heart disease, respiratory diseases, arthritis, obesity, and oral diseases; increasing focus on a healthy lifestyle; and growing health & wellness and clean label trends.
However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to the increasing prevalence of chronic diseases; rapidly growing population and urbanization; rising disposable income and improving standard of living; growing focus toward the inclusion of healthy diet; and increasing awareness about the health benefits of nutritional supplements.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants in the industry. Some of the key players operating in the global human nutrition market are Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (U.S.), Chr. Hansen Holding A/S (Denmark), Glanbia plc (Ireland), Corbion N.V. (Netherlands), Associated British Foods plc (U.K.), Arla Foods (Denmark), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Ajinomoto Co. Inc. (Japan), Cargill, Incorporated (U.S.), BASF SE (Germany), and Kerry Group plc (Ireland).
Human Nutrition Market Assessment, by Type
Vitamins
Human Nutrition Market Assessment, by Application
Human Nutrition Market Assessment, by Population Category
Human Nutrition Market Assessment, by Geography
Key Questions Answered in the Report:
The human nutrition market is projected to reach $189.2 billion by 2030, at a CAGR of 7.4% from 2023 to 2030.
The vitamins segment is expected to account for the largest share of the human nutrition market.
The functional beverages segment is slated to register the highest CAGR during the forecast period and provide significant opportunities for players operating in this market.
The major key players operating in the human nutrition market are Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (U.S.), Chr. Hansen Holding A/S (Denmark), Glanbia plc (Ireland), Corbion N.V.(Netherlands), Associated British Foods plc (U.K.), Arla Foods (Denmark), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Ajinomoto Co. Inc. (Japan), Cargill, Incorporated (U.S.), BASF SE (Germany), and Kerry Group plc (Ireland).
Asia-Pacific is slated to register the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to the increasing prevalence of chronic diseases; rapidly growing population and urbanization; rising disposable income and improving standard of living; growing focus toward the inclusion of healthy diet; and increasing awareness about the health benefits of nutritional supplements.
Published Date: Oct-2024
Published Date: Jul-2024
Published Date: Jun-2023
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