USD 358.8 billion
Report ID: SQMIG30I2164 | Region: Global | Published Date: November, 2022 | Pages: 157 | Tables: 127 | Figures: 76
Human Nutrition Market size was valued at USD 358.8 billion in 2021 and is poised to grow from USD 381.5 billion in 2022 to USD 620.8 billion by 2030, growing at a CAGR of 6.3% in the forecast period (2023-2030).
Human nutrition is involved in the provision of essential nutrients in food that are required to sustain human life and health. Poor nutrition is a long-term issue that is frequently linked to poverty, food shortages, or a lack of understanding of nutritional requirements. Factors such as rising disease prevalence due to unhealthy eating, rising demand for fortified food products, rising disposable income, and rising health consciousness and demand for nutritional supplements are propelling the global Human Nutrition Market growth.
US Human Nutrition Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 358.8 billion
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The Global Human Nutrition Market is segmented based on Type, Application, Population, Distribution, and Region. Based on Type, the Human Nutrition Market is segmented into Vitamins, Minerals, Carotenoids, Probiotics, Proteins, Amino Acids, Carbohydrates, Fats & Fatty acids, Lipids, Enzymes, and Others. Based on application, the Human Nutrition Market is segmented into Dietary Nutrition, Functional Nutrients, Sports Nutrition, Infant Nutrition, and Others. Based on population, the Human Nutrition Market is divided into Paediatric Population, Adult Population, Maternal Population, and Athlete Population. Based on the distribution channel the Human Nutrition Market is divided into OTC and Prescription. Based on Region, the Human Nutrition Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Human Nutrition Market Analysis by Type
The probiotics market dominated the global human nutrition market followed by proteins and vitamins. The market for probiotics is being pushed by a growing consumer preference for preventative healthcare, as well as the development of effective probiotic strains. When ingested in sufficient quantities, probiotics have beneficial effects on the body, such as better gut health and decreased intestinal inflammation. Probiotics play an important role in preventive healthcare by strengthening the immune system. Thus, increased awareness about preventive healthcare is likely to drive market growth throughout the predicted period.
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In 2021, North America held the notable global human nutrition market share and is anticipated to continue its dominance. This can be attributed to the United States being the market's epicenter attributed to the prevalence of a well-developed distribution channel as well as the production hub of key manufacturers. Furthermore, the increasing demand for such dietary supplements across countries is one of the factors driving market growth in North America. However, Asia-Pacific is expected to be the fastest-growing market during the forecast period, owing to rising consumer bases in the region's countries such as India, China, and South Korea. Furthermore, consumers in the regions are increasing their expenditure due to the increase in per capita income, which is anticipated to accelerate market growth during the forecast period.
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Human Nutrition Market Driver
The Rise Of Higher-Income Middle Class In Emerging Markets
Human Nutrition Market Restraint
The Financial Costs Of Addressing Poor Diets And Malnutrition Have Risen While Resources Are Falling, Limiting The Growth Of the Global Human Nutrition Market
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The global human nutrition market is highly competitive and consists of several big players and small to medium size companies penetrating the market. The market penetration for new entrants is high due to the presence of less stringent regulations and availability of various D2C channels such as Social media (Instagram, Facebook, among others), B2C websites (Amazon, Walmart, among others). The availability of a variety of products in the market has offered consumers a wide range of options to choose from based on their needs, allowing them to evaluate nutritional benefits and costs. Additionally, the growth of e-commerce and online shopping has encouraged consumers to purchase goods online. Hence, the bargaining power of buyers is medium to high.
Human Nutrition Market Top Player's Company Profiles
Human Nutrition Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Human Nutrition Market analysis, increased industrialization in regions such as Asia Pacific and Africa have raised awareness about food contamination. As a result, numerous food safety acts have been enacted, creating key opportunities for the food nutrition analysis market. Nutritional analysis services are primarily used in new product development and nutritional labeling. Delays in the generation of reports cause delays in the further processing of product development or product launch in the market.
|Market size value in 2021||USD 358.8 billion|
|Market size value in 2030||USD 620.8 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Human Nutrition Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Human Nutrition Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Human Nutrition Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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