What Are the Key Growth Opportunities in the Human Nutrition Market to Reach $189.2 Billion by 2030?


Posted September 18, 2024 by Pratiksha

Meticulous Research® forecasts that the human nutrition market will grow at a CAGR of 7.4% from 2023 to 2030, reaching a total of $189.2 billion by 2030.
 
Meticulous Research® has published a detailed 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.’ This report forecasts the global human nutrition market to grow to $189.2 billion by 2030, reflecting a CAGR of 7.4% from 2023 to 2030.

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Factors Fueling Market Growth
The market's growth is driven by heightened health and wellness awareness, increased demand for fortified foods, lifestyle shifts, rising chronic disease rates, and greater use of nutrition in infant formulas and dietary supplements. Innovations and new product developments from leading players are expected to spur growth, though high product costs and regulatory challenges might restrain it.

Segmentation Analysis
The market is segmented into various types, including vitamins, probiotics, proteins, carbohydrates, fats, and minerals. Applications are categorized into functional foods, functional beverages, and dietary supplements. The market also analyzes different populations such as pediatric, geriatric, maternal, and athletes. Regionally, the market spans North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Key Insights by Segment
The vitamins segment is projected to dominate the market in 2023, due to increasing health awareness, a rise in vitamin deficiencies, and a high demand for fortified foods. The geriatric segment is expected to have the largest market share due to an aging population and the need for improved digestion and immunity.

Competitive Market Dynamics
The human nutrition market is moderately competitive, with numerous players including Koninklijke DSM N.V., Archer Daniels Midland Company, and Glanbia plc.

Competitive Landscape Overview
The market is moderately competitive, with a mix of large and small players. Prominent companies include Koninklijke DSM N.V., Archer Daniels Midland Company, and Glanbia plc among others.

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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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Last Updated September 18, 2024