Nutritional Food Market – The Insights View

Healthcare

Nutritional Food Market Size, by Ingredients (Dietary Fibers, Minerals, Prebiotics and Probiotics, Fatty Acid, Carotenoids, Carbohydrates, Anti-Oxidants, Protein and Others), Products (Dairy Products, Plant-based Products, Meat Products, Bakery and Cereals, Oils and Fats, and Others), Application (Weight Management, Sports Nutrition, Digestive Health, Pediatric, Clinical Nutrition and Others), Form (Organic and Conventional), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Category: Healthcare

No. of Pages: 150+

Format: PDF/PPT/Excel

Published: July 2023

Historical Year: 2020-2021

Base Year: 2022

Estimated Years: 2023-2032

Reports Overview

Table Of Content

Reports Overview

Table Of Content

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Market Introduction:

Nutritional foods are high in nutrients and low in salt, sugar, carbohydrates, etc. They are low in calories and high in minerals and vitamins. Micronutrients, such as minerals and vitamins, are necessary for human health. They provide their body with what it needs to stay healthy. They can lower their risk of developing chronic illnesses. The body can absorb them adequately if the consumer gets them through meals. An anti-inflammatory diet is another way to characterize a nutrient-dense diet, essential for avoiding risk factors for chronic diseases like high blood pressure, heart disease, obesity and diabetes. Nutrient-dense foods are natural and unprocessed instead of synthetic, artificial, or chemically processed foods.

Market Dynamics:

Drivers

Increasing nutritional food requirement due to changing lifestyle: Every person must build a healthy lifestyle and consume nutritional food, which can help fulfil their macro and micronutrient requirements. An excellent nutritional meal plan aids in lowering the risk of developing chronic disorders such as cardiovascular disease, diabetes, and other cancers. It even helps in achieving a healthy body weight. A person’s general health and well-being depend on having a good diet, regular exercise, and maintaining a healthy weight. The patients are aware that they must consume macro and micronutrients to prevent any chronic disease at later ages. Research studies suggest that most consumers can reduce some of these risks by consuming nutritional food and maintaining an active lifestyle.

Restraints:

Fluctuating prices of raw materials– Various raw materials are used in nutritional food to deliver essential vitamins, protein, minerals, etc., to the body. The fluctuating price of these raw materials dramatically impacts the nutritional food market. As the prices of raw materials increase, the total cost of the product also increases, which decreases the demand. Thus, the constant fluctuation in the price of raw materials is hindering market growth.

Opportunities:

Rising investment in the sports and fitness industry– The expansion of the sports and fitness industry has provided a lucrative opportunity for the nutritional food market. With the industry’s growth, the focus on nutrition has also increased. The rise in sports events worldwide has emphasized the use of fibrous foods. Additionally, people worldwide have become more aware of their health owing to the increase in chronic diseases and, thus, are also adopting a healthy lifestyle. So, fitness enthusiasts and athletes increasingly demand plant and animal-based protein products as it eases the process of digestion. Also, nutritional food has been found to provide more energy to the sportsman. It also has lower fat and more fibre, which is essential for people engaged in heavy exercise. As a result, high-end supplements require nutritional ingredients, further fuelling the nutritional food market.

Challenges:

Stringent regulations for product approval– Nutritional foods are used in different medical usage and supplement application. These regulations must pass strictly regulations of concerned agencies and provide a list of all the ingredients used to manufacture nutritional food products. The nutritional food manufacturing company should adhere to the given regulations to be launched in the market.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant global nutritional food market, with a revenue share of 34.02% in 2022. The region has a high market growth rate due to the growing awareness among the local population. Investment in the functional food and beverage industry will drive the North American market. The increased focus on research adoption of the plant-based supplement will lead to higher usage of nutritional food. The Asia-Pacific region is anticipated to grow lucratively during the forecast period. The increasing incidence of obesity will likely provide more growth opportunities to the nutritional food market in the region.

Ingredient Segment Analysis

The ingredient segment is divided into dietary fibre, minerals, prebiotics and probiotics, fatty acid, carotenoids, carbohydrates, anti-oxidants, protein, etc. The dietary fibre segment dominated the market with a revenue share of 28.11% in 2022. The amount of food originating from plants that can’t be entirely broken down by digestive enzymes in humans is known as dietary fibre or roughage. Dietary fibres have a wide range of chemical compositions.

Product Segment Analysis

The product segment includes dairy products, plant-based products, meat products, bakery and cereals, oils and fats, and others. The dairy products segment dominated the market with a revenue share of 31.92% in 2022. Consumers now want to use dairy enzymes in items in various products. According to the survey, many consumers believe dairy enzymes can help gut health. The consumption of dairy food products has increased owing to the rising demand.

Application Segment Analysis

The application segment includes weight management, sports nutrition, digestive health, pediatric, clinical nutrition and others. The sports nutrition segment dominated the market with a revenue share of 32.05% in 2022. Nutritional food is required to ensure adequate nutrition for sports persons. Sports nutrition focuses its research on the kind and amount of food and water athletes consume. It also covers ingesting organic substances like carbs, proteins, lipids, and nutrients like minerals and vitamins.

Form Segment Analysis

The form segment includes organic and conventional. The conventional segment dominated the market with a revenue share of 63.92% in 2022. Conventional nutritional food is readily available and is well-known among consumers. Conventional nutritional foods contain several types of micro and macronutrients required for consumers.

Some of the Key Market Players:

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

Report Description:

Attribute	Description
Market Size	Revenue (USD Billion)
Market size value in 2022	USD 5.61 Billion
Market size value in 2032	USD 13.18 Billion
CAGR (2023 to 2032)	8.92%
Historical data	2019-2021
Base Year	2022
Forecast	2023-2032
Regional Segments	The regions examined for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa.
Segments	The research segment is based on ingredients, product, application, and form.