Global Human Nutrition Market Projected to Hit $189.2 Billion by 2030


Posted May 21, 2024 by Pallavig

The Human Nutrition Market is categorized by type (including vitamins, proteins, minerals, fatty acids, and carbohydrates), application, and population segments (geriatric, pediatric, maternal).

 
Meticulous Research®, a leading global market research firm, has released a new report 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 anticipated to grow to $189.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. This robust growth is driven by several key factors, including the rising trend in health and wellness, increased demand for fortified foods, lifestyle changes, and the prevalence of chronic diseases. Additionally, the expanding use of human nutrition products in infant formulas and dietary supplements, alongside innovative product launches and technological advancements by market leaders, are expected to fuel market expansion. However, stringent regulatory frameworks and high product costs may pose challenges to market growth.
Market Segmentation and Insights: The human nutrition market is segmented into several categories:
Type: Includes vitamins (fat-soluble and water-soluble), probiotics, proteins and amino acids, carbohydrates, fats and fatty acids, and minerals.
Vitamins: Subcategories such as Vitamin A, Vitamin E, Vitamin D (fat-soluble), and Vitamin C, Vitamin B complex (water-soluble).
Carbohydrates: Includes monosaccharides like glucose, oligosaccharides like sucrose, and other carbohydrates.
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Fats and Fatty Acids: Includes omega-3, omega-6, and omega-9 fatty acids.
Minerals: Macro minerals such as calcium and potassium, and micro minerals like iron and zinc.
Application: Encompasses functional foods (e.g., dairy products, bakery products), functional beverages (e.g., energy drinks, sports drinks), dietary supplements, and other applications.
Population: Categorized into pediatric, geriatric, maternal, athletes, and other groups.
Geography: Analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Market Highlights: Vitamins Segment: Expected to hold the largest market share in 2023, driven by consumer focus on health, prevalent vitamin deficiencies, and high demand for vitamin-enriched foods.
Functional Beverages: Predicted to exhibit the highest CAGR, bolstered by rising demand in emerging markets and increasing health expenditures.
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Geriatric Population: Anticipated to dominate the market share due to the aging population, and the need for improved digestion and immunity among older adults.
Regional Insights: North America: Projected to lead the global market, attributed to its strong nutraceutical and functional food industries, significant R&D investments, and the high prevalence of chronic diseases.
Key Industry Players: The global human nutrition market is moderately competitive, featuring a mix of large and small players. Prominent 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), Kerry Group plc (Ireland).
Conclusion: The comprehensive analysis provided by Meticulous Research® underscores significant growth potential in the global human nutrition market, driven by evolving consumer preferences and technological advancements. Despite regulatory and cost challenges, the market is poised for substantial expansion through 2030.
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Last Updated May 21, 2024