Global Elderly Nutrition and Packaged Food Market size was valued at USD 8.42 Bn in 2023 and expected to reach USD 13.98 Bn by 2030, at a CAGR of 7.5 % from forecast 2024 to 2030.
Elderly Nutrition and Packaged Food Market Overview :
The total global market for the Elderly Nutrition and Packaged Food Market was valued at USD in 2023 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2030. The report analyzed by Maximize Market Research, on the Elderly Nutrition and Packaged Food market, covers an extensive regional analysis and competitive landscape.
Elderly Nutrition and Packaged Food Market Report Scope and Research Methodology :
The portfolio, technology adoption, financial standing, merger and acquisition, joint ventures and strategic alliances are involved in the competitive environment for the Elderly Nutrition and Packaged Food market. The report is an in-depth analysis of the Elderly Nutrition and Packaged Food market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Elderly Nutrition and Packaged Food market. The bottom-up approach was used to understand the Elderly Nutrition and Packaged Food market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities and challenges of the Elderly Nutrition and Packaged Food market.
The research methodology involves gathering data from interviews, surveys, and secondary sources that can be trusted. The report looks into market tendencies, motivators, difficulties as well as chances while offering views on the competitive landscape. It covers various aspects of market dynamics such as drivers, restraints, challenges, opportunities, etc.
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Elderly Nutrition and Packaged Food Market Regional Insights :
Regional analysis is conducted to assess the status of the Elderly Nutrition and Packaged Food market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Elderly Nutrition and Packaged Food market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.
Elderly Nutrition and Packaged Food Market Segmentation :
by Product Type
1.1. Ready-to-Eat Meals
1.2. Nutritional Supplements
1.3. Snacks
1.4. Beverages
1.5. Others
In 2023, the elderly nutrition and packaged food market worldwide was dominated by the offline sector, which had the biggest market share of over 80% based on the distribution channel. Over the course of the projection period, the segment is anticipated to rise at a CAGR of 6.9%. The demand for packaged meals and nutrition goods among the elderly is rising due to the growing number of supermarkets, hypermarkets, and specialty stores in the world, which is propelling the segment's rise.
by Nutrition Type
1.1. Minerals
1.2. Multi-vitamins
1.3. Fibers
1.4. Lipids
1.5. Antioxidants
1.6. Iron
1.7. Proteins
1.8. Others
Over the course of the projected period, the internet segment is anticipated to increase at a considerable CAGR. Customers can shop with freedom and convenience when they shop online. Some of the elements driving the expansion of this market include the extensive product portfolios, simple comparisons, user reviews, suggestions, and discounts that e-commerce websites provide. Online platforms also offer nutritional data, thorough product descriptions, and product content. These features make it possible for customers to get information on the contents, nutritional values, possible allergies, and advantages of particular items for their health. Consequently, during the projection period, these factors support the expansion of the category and propel the growth of the packaged food and elderly nutrition markets.
by Application
1.1. Weight Management
1.2. Obesity
1.3. Diabetes
1.4. Renal Failures
1.5. Cancer
1.6. Sarcopenia
1.7. Others
by End-User
1.1. Offline
1.1.1. Retail Stores
1.1.2. Hospital pharmacy1.2. Online
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Elderly Nutrition and Packaged Food Market Key Players :
1. Otsuka Pharmaceuticals (Japan)
2. Baxter International (United States)
3. Allergan (Ireland)
4. Sanofi (France)
5. Wockhardt (India)
6. Fresenius Kabi AG (Germany)
7. Ranbaxy (India)
8. The Kraft Heinz Company (United States)
9. Sichuan Kelun Pharmaceutical Company
10. Nestlé Health Science (Switzerland)
11. Abbott Laboratories (United States)
12. Danone S.A. (France)
13. Pfizer Inc. (United States)
14. GlaxoSmithKline plc (United Kingdom)
15. Hain Celestial Group, Inc. (United States)
16. Herbalife Nutrition Ltd. (United States)
17. Kellogg Company (United States)
18. Amway Corporation (United States)
19. Medifast, Inc. (United States)
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Key questions answered in the Elderly Nutrition and Packaged Food Market are:
What is Elderly Nutrition and Packaged Food ?
What was the Elderly Nutrition and Packaged Food Market size in 2023?
What are the upcoming opportunities and trends for the Elderly Nutrition and Packaged Food Market ?
What are the different segments of the Elderly Nutrition and Packaged Food Market ?
Which are the factors expected to drive the Elderly Nutrition and Packaged Food Market growth?
What growth strategies are the players considering to increase their presence in Elderly Nutrition and Packaged Food ?
Who are the leading companies and what are their portfolios in Elderly Nutrition and Packaged Food Market ?
Who are the key players in the Elderly Nutrition and Packaged Food Market?
What is the CAGR at which the Elderly Nutrition and Packaged Food Market will grow during the forecast period?
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Key Offerings :
Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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