Rising Health Trends Propel Human Nutrition Market to $189.2 Billion by 2030


Posted June 19, 2024 by Pratiksha

According to the latest publication from Meticulous Research®, the human nutrition market is projected to grow at a CAGR of 7.4% from 2023 to 2030, reaching $189.2 billion by 2030.
 
Meticulous Research®, a leading global market research firm, has published an in-depth analysis titled "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."

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According to the latest insights from Meticulous Research®, the global human nutrition market is expected to reach $189.2 billion by 2030, with a robust CAGR of 7.4% from 2023 to 2030. This growth is driven by increasing health and wellness trends, a rising demand for fortified food products, lifestyle changes, a surge in chronic diseases, and expanding applications in infant formulas and dietary supplements. Additionally, innovative product launches and technological advancements by key industry players are set to create significant market opportunities. However, stringent regulatory frameworks and high product costs may pose challenges to market growth.

Market Segmentation:
• By Type:
o Vitamins: Fat-soluble (Vitamin A, E, D) and water-soluble (Vitamin C, B1, B2, B3, B5, B6, B7, B9, B12)
o Probiotics
o Proteins and Amino Acids
o Carbohydrates: Monosaccharides (glucose, fructose, galactose), oligosaccharides
o Fats and Fatty Acids: Omega-3, Omega-6, Omega-9, Palmitic Acid
o Minerals: Macro (calcium, phosphorus, potassium, magnesium, sodium chloride), and micro (iron, zinc, copper, chromium, fluoride, iodine, selenium, manganese, molybdenum)
• By Application:
o Functional Food: Dairy, bakery, snacks, confectionery, infant food products
o Functional Beverages: Energy drinks, sports drinks, fortified juices, dairy-based beverages
o Dietary Supplements
o Other Applications
• By Population Category:
o Pediatric
o Geriatric
o Maternal
o Athletes
o Others
• By Geography:
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East & Africa

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Market Highlights:
• Vitamins Segment: Expected to hold the largest market share in 2023, driven by increasing consumer health awareness, rising prevalence of vitamin deficiencies, and strong demand for vitamin-fortified foods. The aging population in developed countries further boosts this segment.
• Functional Beverages Segment: Anticipated to register the highest CAGR during the forecast period due to growing demand in emerging markets, increased popularity of sports drinks, and higher health expenditure.
• Geriatric Population Segment: Projected to dominate the market share in 2023, attributed to the growing aging population, need for improved digestion and immunity among older adults, and high prevalence of chronic conditions.
• North America: Expected to lead the market in 2023, thanks to a well-established nutraceutical and functional food industry, significant investment in R&D, and rising chronic disease prevalence.

Key Market Players: The global human nutrition market features a moderately competitive landscape with numerous global, regional, and local players. Leading companies include: 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).

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Categories Business , Health , Medical
Tags human nutrition market , human diet , vitamins nutrition
Last Updated June 19, 2024