Global Nutritional Food Market – Industry Trends and Forecast to 2030

Nutritional Food Market Analysis and Size

Growing awareness regarding health globally has significantly increased the market to thrive. The pandemic made people more aware of the impact of an unhealthy lifestyle. Concerning this, the growing demand for immunity-boosting supplements and dietary supplements has enhanced the market worldwide. Mineral supplements were in much higher demand among the other nutritional foods as it helps in carrying out various functions such as maintaining muscles, bones, heart, and brain.

Data Bridge Market Research analyses that the nutritional food market, which was USD 5.93 billion in 2022, would rise to USD 12.63 billion by 2030 and is expected to undergo a CAGR of 9.9% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Nutritional Food Market Scope and Segmentation

Market Definition

Nutritional foods are rich in vitamins, minerals, and other important nutrients for health, and have not had much-saturated fat, added sugars, or sodium. Nutrition is the physiological and biochemical process through which an organism utilizes food to support its life. Nutrient-rich foods are known to have low sodium, bad fats, sugar, and starches. Also, they have large amounts of vitamins and minerals.

Global Nutritional Food Market Dynamics

Drivers

• Increasing Demand for Sports Nutrition

Sports nutrition is increasing due to a drifting focus toward health and fitness among the general population. Fitness enthusiasts and professional athletes are engaging themselves in endorsements and social media platforms that motivate people to stay fit and healthy. With the global population suffering more from diseases such as diabetes, obesity, and cardiovascular diseases, people are shifting towards sports and consuming sports nutritional foods that reduce the risk of getting such diseases. Thus, this factor boosts market growth.

• Increasing Influence of E-Commerce in Nutritional Foods Arena

Several dietary supplementations have been made much easier through online and retail channels. The ease of availability of nutritional foods has been a major factor driving the market. E-commerce platforms are also boosting the market's growth because of the improved visibility of products and broader reach across all age groups and socio-economic strata. The wide adoption of e-commerce platforms has increased because of the pandemic and has further boosted market growth. Thus, this factor boosts market growth.

Opportunities

• Increasing Adaptation of Vegan Food

Plant-based foods and superfoods are being widely adopted to live and eat healthier. Several companies in the nutritional supplement industry have focused on launching a new range of products that are not just tablets but in palatable forms, such as gummies and soft chews with multiple flavors. For instance, several products, such as vitamin supplements from Frunutta, dissolve under the tongue and are helpful for people who do not desire chewing gummies or swallow pills. Thus, this factor boosts market growth.  

• Increasing Prevalence of Malnutrition

Around 828 million people were affected by hunger in 2021, from 150 million more in 2019. The proportion of people affected by hunger continued to increase in 2021 to 9.8% of the world population. This increasing incidence rate of malnutrition is surging the higher adoption of nutritional foods that will help improve individuals' health. Thus, this factor is helping in improving the market growth.

Restraints/Challenges

• Availability of Nutritional Food

There is a lack of nutritional foods in several countries, and not every type and form is available in every nation. Several underdeveloped countries do not have access to different forms of nutritional supplements and lack knowledge about them. Therefore, these factors hamper the market growth.

This nutritional food market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nutritional food market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2020, Ingredion fully acquired Verdient Foods. The acquisition was made with the goal of growing net sales and increasing the manufacturing capability of Ingredion with two manufacturing facilities in Canada.

Global Nutritional Food Market Scope

The nutritional food market is segmented on the basis of product, ingredient, application, and indication. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Bakery and Cereals
• Dairy Products
• Meat
• Fish and Eggs
• Soy Products
• Fats and Oils
• Others

Ingredient

• Carotenoids
• Dietary Fibres and Carbohydrates
• Fatty Acids, Minerals
• Anti-oxidants
• Prebiotics and Probiotics
• Vitamins
• Proteins and Others

Application

• Sports Nutrition
•  Weight Management
• Immunity
• Digestive Health
• Clinical Nutrition
• Cardio Health
• Paediatric
• Veterinary
• Medical
• Personalized
• Others

Indications

• Allergies
• Bone and Joint
• Glucose Management
• Cancer
• Cardiovascular
• Skin

Nutritional Food Market Regional Analysis/Insights

The nutritional food market is analyzed and market size insights and trends are provided by product, ingredient, application, and indication as referenced above.

The countries covered in the nutritional food market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the nutritional food market because of the surge in the cases of foodborne disease outbreaks within the region. The increasing popularity of nutrient-rich food and the growing awareness associated with health and well-being are major factors driving the market. 

 Asia-Pacific is expected to witness significant growth due to the increasing incidence of obesity in the region. Numerous products are specially produced in the region and exported to other parts of the world, which positively impacts the growth of the market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The nutritional food market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for nutritional food market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nutritional food market. The data is available for historic period 2011-2021.

Competitive Landscape and Nutritional Food Market Share Analysis

The nutritional food market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nutritional food market.

Some of the major players operating in the nutritional food market are:

• Bayer AG (Germany)
• Abbott (U.S.)
• DuPont (U.S.)
• Amway (U.S.)
• The Nature's Bounty Co. (U.S.)
• GSK plc. (U.K.)
• Nestlé (Switzerland)
• RiceBran Technologies (U.S.)
• Mead Johnson & Company, LLC. (U.S.)
• Medifast, Inc. (U.S.)
• Premier Nutrition Corporation (U.S.)
• TOOTSI IMPEX Inc. (Canada)
• U.S. Spice Mills, Inc. (U.S.)
• Health Food Manufacturers' Association (U.K.)
• NOW Foods (U.S.)
• Glanbia PLC (Ireland)
• Herbalife International of America, Inc. (U.S.)
• Bionova (India)

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