Home Press Releases Elderly Nutrition Market Size Worth $30.64 Billion By 2030 | CAGR: 6.5%

Elderly Nutrition Market Size Worth $30.64 Billion By 2030 | CAGR: 6.5%

The global elderly nutrition market size is expected to reach USD 30.64 billion by 2030, according to a new study by Polaris Market Research. The report “Elderly Nutrition Market Share, Size, Trends, Industry Analysis Report, By Nutrition Type (Minerals, Multi-vitamins, Fibers, Lipids, Antioxidants, Iron, Proteins, and Others); By Application; By Distribution Channel; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Elderly nutrition products are created to assist the geriatric population in coping with the physical, psychological, and emotional changes brought on by aging, much as infants and the elderly both require special care. These products’ best nutrients are present, which can help prevent deadly diseases, including heart disease, cancer, and stroke. These illnesses are primarily caused by elderly people’s lack of appropriate eating habits. As a result, the industry for nutritional supplements for seniors features specially created products.

 

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Market participants focus on projects and initiatives such as introducing new goods for healthy lifestyles in the geriatric age range. For instance, on July 2022, the worldwide nutriment business Herbalife Nutrition introduced “Fat Release,” its newest product with scientific backing, to those who lead healthy and active lives. According to a recent study conducted in the United States by the survey-driven marketing research firm OnePoll, the typical person indulges in unhealthy cuisine three nights per week, which impacts their efforts to maintain a healthy lifestyle or lose weight.

 

COVID-19 is an unprecedented global public health disaster that has impacted nearly every business, and the long-term impacts are expected to influence industry growth during the forecast period. The nutrient levels of elderly patients with COVID-19 have an impact on the results of the disease. Among older COVID-19 patients, malnutrition was expected and linked to unfavorable outcomes such as hospital mortality and hospital admission to intensive care units.

 

Elderly Nutrition Market Report Highlights

  • Protein is estimated to lead the revenue by 2021. The growing need for protein among seniors is one of the main factors fueling the expansion of this segment.
  • In 2021, the obesity sector held the largest share. Poor eating habits, physical inactivity, and older folks’ access to food are the main factors driving the segment’s rise.
  • In 2021, hospital pharmacies garnered largest revenue share. Growth is due to the predicted increase in the number of older adults and hospitals’ demand for parenteral nutriment products.
  • North America held largest revenue share, owing to high disposable income and awareness among individuals.
  • The global players with a global presence include Otsuka Pharmaceuticals, Baxter International, Allergan, Danone, Abbott Laboratories, and Allergan.

 

Polaris Market Research has segmented the elderly nutrition market report based on nutrition type, application, distribution channel, and region:

 

Elderly Nutrition, Nutrition Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Minerals
  • Multi-vitamins
  • Fibers
  • Lipids
  • Antioxidants
  • Iron
  • Proteins
  • Others

Elderly Nutrition, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Obesity
  • Diabetes
  • Renal Failures
  • Cancer
  • Sarcopenia
  • Others

Elderly Nutrition, Distribution Channel Outlook (Revenue – USD Billion, 2018 – 2030)

  • Retail Medicine Store
  • Hospital pharmacy
  • Online

Elderly Nutrition, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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