The global Human Nutrition Market study presents historical market data in terms
Posted by Savi Bnagar on November 5th, 2019
According to a new market research report “ by Type (Vitamin, Probiotics, Proteins, Carbohydrates, Fatty Acid, Minerals), Age (Adult, Childhood), Population (Pediatric, Geriatric, Maternal), and Application (Dietary Supplement, Functional Nutrients)- Global Forecast to 2025”, published by Meticulous Research®, the global human nutrition market will grow at a CAGR of 6.6% from 2019 to reach 5.4 billion by 2025.
The growing health consciousness and rise in incidence of chronic diseases across the globe are contributing to the increasing consumer interest in nutrition. The growing promotional campaigns of healthy diet and lifestyle and prevalence of various diseases due to unhealthy diet is driving the overall human nutrition market. There is dramatic change in food pattern in the past decade where food with high salt, sugar, trans fat, and calories have become cheaper and widely available, leading to their increased consumption and thereby the prevalence of non-communicable diseases in human. The knowledge edification of the current peer group to prevent the diseases by avoiding nutrition deficiencies is further expected to push the demand for the human nutrition products.
The global human nutrition market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2025- by product type (vitamins, probiotics, proteins & amino acids, carbohydrates, fats & fatty acids, minerals), age group (childhood-adolescence, adult & parenthoods, seniors), population (pediatric population, geriatric population, maternal population, athletes population), and application (dietary supplements, functional nutrients, medical nutrition, infant nutrition, food & beverages). The study also evaluates industry competitors and analyzes the market at regional and country level.
Based on product type, vitamins segment is estimated to hold the largest share of the overall human nutrition market in 2019. The large share of this market is mainly attributed to rising prevalence of vitamin deficiencies; huge demand of vitamin fortified food; growing health and wellness trends and awareness about preventive healthcare among consumers; and steady rise in the geriatric population in the developed economies (U.S., Europe, and Japan). However, fats and fatty acids segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to growing awareness about the role of fatty acids in determining health and nutritional well-being; technological advancements, such as microencapsulation; and growing demand from infant formula, dietary supplement, pharmaceutical, and clinical nutrition sectors.
Based on population group, pediatric population segment is expected to command the largest share of the overall human nutrition market in 2019. The large share of this segment is mainly attributed to the increasing awareness of rare disease conditions in children. However, athlete population segment is expected to witness a rapid growth during the forecast period, owing to growing fitness culture, growing promotion of supplements by celebrities and social media channels, and continuous launch of new sport supplement products.
Based on application, dietary supplements segment is expected to command the largest share of the overall human nutrition market in 2019. However, the infant nutrition segment is expected to grow at the highest CAGR during the forecast period, owing to rising disposable income of individuals, increasing health concerns among users regarding the development of babies, and growing population of working mothers.
Geographically, North America is estimated to command the largest share of the global human nutrition market in 2019. However, Asia-Pacific region is expected to witness the rapid growth during the forecast period. The growth in this region is mainly attributed to increasing prevalence of chronic diseases; rapidly growing population and urbanization; rising disposable income and improving standard of living; growing focus towards inclusion of healthy diet; and increasing awareness about the health benefits of nutritional supplements.
The report also includes extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years (2016–2019). The human nutrition market has witnessed number of new product launches; expansions; agreements, partnerships & collaborations; and acquisitions in the recent years. For instance, in December 2018, Nestle Health Science and ChromaDex Corp. entered into a license and supply agreement. The agreement provides NHSc the exclusive right to include CDXC’s patented nicotinamide riboside ingredient TRU NIAGEN in NHSc branded medical nutrition and co-exclusive rights to include TRU NIAGEN in certain products within the consumer health category.
Some of the key players operating in the global human nutrition market are BASF SE (Germany), Abbott Laboratories (U.S.), Koninklijke DSM N.V. (The Netherlands), DuPont de Nemours, Inc. (U.S.), Chr. Hansen Holding A/S (Denmark), USANA Health Science, Inc. (U.S.), Pharmavite LLC. (U.S.), Nestle S.A. (Switzerland), Kerry Group PLC (Ireland), Glanbia PLC. (Ireland), Corbion N.V. (The Netherlands), ADM (U.S.), Bayer Health Care AG (Germany), Amway Corp.(U.S.), and Matsun Nutrition (U.S.) among others.
Scope of the Human Nutrition Market Research Report:
Human Nutrition Market by Type
Human Nutrition Market by Age Group
Human Nutrition Market by Population
Human Nutrition Market byApplication
Key questions answered in the report:
The North American human nutrition market favors both larger and local manufacturers that compete in multiple segments
Recent new product launches; partnerships, collaborations, and agreements; acquisitions & mergers; and expansions have taken place in the human nutrition market
Mr. Khushal Bombe
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About the AuthorSavi Bnagar
Joined: September 17th, 2019
Articles Posted: 11
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