What Are the Key Drivers Behind the Human Nutrition Market Reaching $189.2 Billion by 2030?


Posted September 10, 2024 by Pratiksha

Meticulous Research® projects the human nutrition market will grow at a rate of 7.4% CAGR from 2023 to 2030, aiming for a value of $189.2 billion by 2030.
 
The ‘Human Nutrition Market by Type, Application, Population, and Geography—Global Forecast to 2030’ report forecasts that the market will reach $189.2 billion by 2030, growing at a CAGR of 7.4% throughout the forecast period.

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Growth Factors The human nutrition market's growth is fueled by the increasing health and wellness trend, the rising demand for fortified foods, lifestyle changes, a growing prevalence of chronic diseases, and the expanded use of nutritional products in infant formulas and dietary supplements. Furthermore, innovations and new product developments by major market players are expected to enhance growth opportunities.

Type-Based Segmentation The market is segmented into several types including vitamins (fat-soluble and water-soluble), probiotics, proteins and amino acids, carbohydrates (monosaccharides and oligosaccharides), fats and fatty acids (omega-3, omega-6, etc.), and minerals (macro and microminerals).

Application Insights The functional food segment is projected to dominate the market due to shifts in lifestyle and food habits, increased demand for nutritional foods, higher investments in healthy diets, and rising consumer awareness about the benefits of functional foods.

Population Segment Overview The geriatric population segment is anticipated to represent the largest share of the market, driven by an aging population, the need for improved digestive and immune health, and a high prevalence of chronic conditions among older adults.

Industry Trends and Leading Players The human nutrition market has seen a flurry of product launches, partnerships, and collaborations. Prominent companies in the sector include Koninklijke DSM N.V., Archer Daniels Midland Company, Chr. Hansen Holding A/S, Glanbia plc, Corbion N.V., Associated British Foods plc, Arla Foods, Ingredion Incorporated, Tate & Lyle PLC, Ajinomoto Co. Inc., Cargill, BASF SE, and Kerry Group plc.

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Last Updated September 10, 2024