Nutrition Market Size to grow by USD 34.79 billion between 2023-2027
According to a research report “ Nutrition Market” by Type (Vitamins, Probiotics, Proteins and amino acids, Carbohydrates, Others) Application (Immunity, Sports nutrition, Weight management, Clinical nutrition, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 34.79 billion, at a CAGR of 4.48% during the forecast period. The global nutrition market is poised for significant growth due to the increasing geriatric population, particularly in less developed countries. According to The World Bank Group, the geriatric population is projected to increase by approximately 16% and 18% in developing and developed countries respectively, between 2010 and 2050. Factors such as increased longevity and decreasing fertility rates are driving this demographic shift. Notable countries with substantial geriatric populations, including the US, South Korea, China, Japan, Italy, Russia, Australia, Germany, Taiwan, Canada, Poland, and Ukraine, will contribute significantly to the expansion of the global nutrition market during the forecast period..
Browse market data tables, figures, and in-depth TOC on “Nutrition Market” by Type (Vitamins, Probiotics, Proteins and amino acids, Carbohydrates, Others) Application (Immunity, Sports nutrition, Weight management, Clinical nutrition, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2027. Download Free Sample
By Type, the Vitamins segment is projected to dominate the market size in 2024
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By Application, Immunity segment is expected to hold the largest market size for the year 2024
In the dynamic and competitive nutrition market, businesses must prioritize providing high-quality, science-backed products to meet consumer demand for optimal health and wellness. By leveraging innovative ingredients, conducting rigorous research, and adhering to industry standards, companies can differentiate themselves and build trust with customers. Effective marketing strategies, including targeted social media campaigns and collaborations with influencers, can also expand market reach and increase brand awareness. Ultimately, success in the nutrition market requires a commitment to excellence, transparency, and staying abreast of emerging trends.
APAC is forecasted to hold the largest market size by region in 2024
As a seasoned virtual assistant, I'm pleased to provide insights into the dynamic nutrition market. This sector is experiencing significant growth due to increasing consumer awareness and demand for healthier food options. Companies are innovating with functional foods, dietary supplements, and personalized nutrition plans to cater to diverse consumer needs. Strategic partnerships, mergers, and acquisitions are common as businesses seek to expand their reach and offerings. The nutrition market's future looks promising, with opportunities in digital health, plant-based alternatives, and sustainable production.
The Nutrition Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The nutrition market is experiencing a significant shift towards personalized and high-cost supplements driven by advancements in DNA-driven nutrition and 3D printer technology. Consumers are increasingly seeking personalized supplements tailored to their genetic make-up and dietary needs, leading to the development of 3D-printed edibles such as gummies. Plant-based options are also gaining popularity among vegans and vegetarians. Consumer health awareness and preferences for health products and supplements are on the rise, with a growing focus on chronic disease prevention. This trend has led to increased investment in businesses offering personalized nutrition plans and dietary supplements. The integration of genomics and technology is enabling the creation of customized supplements that cater to individual health goals. The high cost of these personalized supplements may be a barrier for some consumers, but the potential benefits for improved health and disease prevention make it an attractive investment for many. As technology continues to advance, we can expect to see more innovative solutions in the nutrition market that cater to the unique needs of consumers.
Market Research Overview
The nutrition market is a dynamic and growing industry, encompassing various product types and catering to diverse consumer segments. Specialty stores, particularly in the brick-and-mortar segment, offer a wide range of products, including women's sports nutrition, bodybuilding supplements, and dairy products. The adult segment dominates the market, with the capsule and powder segments leading in terms of sales. Science in Sports, Sports vitamins, and Creatine are popular choices for athletes and fitness enthusiasts, while energy gels and dairy products cater to those with active lifestyles. Natural alternatives, whole foods, and DNA-based diets are gaining popularity due to increasing consumer health awareness and preferences. Digital health-related solutions, such as apps, kits, plans, and genetic testing kits, are revolutionizing the industry. Price-sensitive countries benefit from economies of scale and regulations ensure product safety. Bioavailability, natural versus synthetic ingredients, and high cost are key considerations for consumers. Personalized supplements, driven by DNA testing and 3D printer technology, offer customized solutions for consumers with specific health goals and genetic make-up. Plant-based and vegan options, including gummies and 3D-printed edibles, cater to the growing vegan and vegetarian population. Businesses invest in development and innovation, focusing on consumer health awareness, chronic diseases, and personalized nutrition plans. Regulations, certifications, third-party ingredient testing, seasonality, and price sensitivity are crucial factors in the market's growth and development.
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Technavio Research
Jesse Maida
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Email: media@technavio.com
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