(Food-Beverage-News.Com, January 14, 2020 ) The modern lifestyle of consumers has undergone major changes. The faster pace of life, as well as the pressure of work and life balance, has always affected health and wellness. Nutraceuticals have begun to take a central place in preventive and proactive health care and disease management. Meticulous Research® in its latest publication on the Human Nutrition Market states that the global Human Nutrition Market will grow at a CAGR of 6.6% from 2019 to 2025 to reach $465.4 billion by 2025. Growth of the global human nutrition market is mainly attributed to rising incidences of chronic diseases across the globe, rise in disposable income of middle class, and increasing health and wellness trend. Moreover, increasing demand for nutritional supplements from emerging economies such as Asia-Pacific, Latin America, and Africa provides significant opportunities to the manufacturers in the global human nutrition market.
To provide efficient analysis, Meticulous Research® has segmented this market on the basis of type (vitamins, probiotics, proteins & amino acids, carbohydrates, fats & fatty acids, and minerals), age group (childhood-adolescence, adult & parenthoods, seniors), population (pediatric population, geriatric population, maternal population, athletes population), application (dietary supplements, functional nutrients, medical nutrition, infant nutrition, food & beverages), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Based on type, the vitamins segment is estimated to hold the largest share of the global human nutrition market in 2019. The large share of this market is mainly attributed to rising prevalence of vitamin deficiencies; huge demand for vitamin-fortified food; growing health and wellness trends and awareness about preventive healthcare among consumers; and steady rise in the geriatric population in developed economies (U.S., Europe, and Japan).
Based on the application, dietary supplements application is estimated to account for the largest share of the global human nutrition market in 2019. Rapid urbanization, rising prevalence of diseases, and growing awareness regarding the health benefits of nutritional supplements among consumers are the key factors responsible for the large share of this segment in the market.
Geographically, North America is estimated to command the largest share of the global human nutrition market in 2019. The large share of this region is mainly attributed to rising prevalence of chronic diseases, including cancer, diabetes, hypertension, stroke, heart disease, respiratory diseases, arthritis, obesity, and oral diseases; increasing focus on healthy lifestyle; well-established nutraceutical and functional food industry; and growing health & wellness and clean label trends.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market, including BASF SE (Germany), Abbott Laboratories (U.S.), Koninklijke DSM N.V. (The Netherlands), DuPont de Nemours, Inc. (U.S.), Chr. Hansen Holding A/S (Denmark), USANA Health Science, Inc. (U.S.), Pharmavite LLC. (U.S.), Nestle S.A. (Switzerland), Kerry Group PLC (Ireland), Glanbia PLC. (Ireland), Corbion N.V. (The Netherlands), ADM (U.S.), Bayer Health Care AG (Germany), Amway Corp.(U.S.), and Matsun Nutrition (U.S.).
Key questions answered in the report:
The North American human nutrition market favors both larger and local manufacturers that compete in multiple segments
Who are the top competitors in this market and what strategies do they employ to gain shares? What is driving growth and which market segments have the most potential for revenue expansion over the forecast period? What strategies should new companies look to enter this market use to compete effectively? What are the major drivers, restraints, and opportunities in the global human nutrition market? Who are the major players in various countries and what share of the market do they hold? What are the geographical trends and high growth regions/ countries?
Recent new product launches; partnerships, collaborations, and agreements; acquisitions & mergers; and expansions have taken place in the human nutrition market
What companies have recently merged/acquired in various countries across the globe and how will these unions affect the competitive landscape of the human nutrition market? Which companies have created partnerships and how will these partnerships promote a competitive advantage? Who are the major players in the global human nutrition market and what share of the market do they hold? Who are the local emerging players in the human nutrition market and how do they compete with the global players?