According to a new market research 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’ the global human nutrition market is projected to
reach $189.2 billion by 2030, at a CAGR of 7.4% during the forecast period.
The growth of the human nutrition market is mainly
attributed to rising health and wellness trend, growing demand for fortified
food products, lifestyle changes, rising incidences of chronic diseases, and
increasing application in infant formulas and dietary supplements. Furthermore,
product launches and technological innovations by the leading players in the
human nutrition market are expected to create market growth opportunities.
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The human nutrition market is segmented by type (vitamins
[fat-soluble vitamins (vitamin a, vitamin e, vitamin d], water-soluble vitamins
[Vitamin C, Vitamin B9, Vitamin B12, Vitamin B7, Vitamin B3, Vitamin B2,
Vitamin B1, Vitamin B5, Vitamin B6], probiotics, proteins and amino acids,
carbohydrates (monosaccharides [glucose, fructose, galactose], oligosaccharides
[sucrose, lactose, other carbohydrates], fats and fatty acids (omega-3 fatty
acid, omega-6 fatty acid, monounsaturated omega-9 fatty acid, palmitic acid
(pa), other fats and fatty acids), minerals (macro minerals [calcium,
phosphorus, potassium, magnesium, salt (sodium chloride)], microminerals [iron,
zinc, copper, chromium, fluoride, iodine, selenium, manganese, molybdenum],
other mineral types), by application (functional food [dairy products, bakery
products, snacks, confectionery products, infant food products, other
functional foods], functional beverages [energy drinks, sports drinks,
fortified juices, dairy-based beverages, other functional beverages], dietary
supplements, other applications), by population category (pediatric, geriatric,
maternal, athletes, and other population categories) and geography (North
America, Europe, Asia-Pacific, Latin America, and the Middle East &
Africa). The study also evaluates industry competitors and analyzes the market
at regional and country levels.
Among all the types studied in this report, the vitamins
segment is expected to account for the largest share of the global human
nutrition market in 2023. The large market share of this segment is attributed
to the increasing attention to health and wellbeing by consumers, the rising
prevalence of vitamin deficiencies, and the huge demand for vitamin-fortified
foods. In addition, the rising health and wellness trends and a steady rise in
the geriatric population in developed economies are further expected to boost
the demand for this segment. However, the probiotics segment is slated to
register the highest CAGR during the forecast period. The rapid growth of this
segment is attributed to the growing consumer awareness regarding the health
benefits of probiotics, the increasing use of probiotics as an alternative to
antibiotics, the growing research on probiotics, and the growing use of
probiotics for children.
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Among all the applications studied in this report, the
functional food segment is expected to account for the largest share of the
human nutrition market. The large share of this segment is attributed to the
changes in lifestyle and food habits, growing demand for nutritional and
fortifying food products, rising spending on healthy & nutritious diets,
and increased consumer knowledge about their health advantages. However, the
functional beverages segment is slated to register the highest CAGR during the
forecast period. The rapid growth of this segment is attributed to the growing
demand for functional beverages in emerging economies, increasing demand for
sports drinks, and a rise in health expenditure.
Among all the population categories studied in this report,
the geriatric population segment is expected to account for the largest share
of the human nutrition market. The large market share of this segment is
attributed to factors such as the increasing aging population, the growing need
to maintain and improve the digestion and immunity system of older adults, and
the high prevalence of chronic conditions in this category population.
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Among all the regions studied in this report, in 2023, North
America is expected to account for the largest share of the human nutrition
market. The large market share of this region is attributed to the
well-established nutraceutical and functional food industry; growing demand for
nutritional supplements; high investments in the research & development of
human nutrition products; rising prevalence of chronic diseases including
cancer, diabetes, hypertension, stroke, heart disease, respiratory diseases, arthritis,
obesity, and oral diseases; the increasing focus on a healthy lifestyle; and
the growing health & wellness and clean label trends.
The human nutrition market has witnessed several product
launches, partnerships, agreements, and collaborations in recent years. The key
players operating in the human nutrition market are 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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