The global nutritional analysis market size is expected to reach USD 5.42 billion by 2030 according to a new study by Polaris Market Research. The report “Nutritional Analysis Market Share, Size, Trends, Industry Analysis Report, By Objective (New Product Development, Product Labeling, Regulatory Compliance); By Parameter; By Product Type; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing millennial population, as well as increasing expenditure on technological advancements, are led to the introduction of novel products is the chief driving factor for the industry growth. In addition, the execution of stringent regulatory policies for quality food products, growing health awareness, coupled with changing lifestyles is also stimulating the demand across the globe. Furthermore, the growing incidences of various chronic diseases, increase in supplementary income among consumers, and globalization of the food trade will also contribute to the industry growth in the near future.
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Based on the product type, the beverage segment is dominating the global industry and is anticipated to lead the market over the forecasting period. Beverages are a major source of supplement nutrients, and it also helps in hydrating the body. Various drinks include lipids, minerals, vitamins, protein, and other carbs in order to provide energy. Accordingly, the rising benefits of the beverages among all age groups act as catalyzing factor for the segment growth globally.
Whereas the snacks segment is showing the highest growth rate in the near future. The rising inclination towards healthy snacks as unwanted weight can be gained if snacking frequency or portions are excessive, that is subsequent for the surplus calories. Thereby, the rising need for balanced nutritional snacks and the growing availability of a variety of snacks is fuelling the segment demand in the approaching period.
The growing millennial population is one of the chief driving factors for global industry growth. The millennial population is more inclined towards the consumption of natural, organic, and sustainable food products with high nutritional value. Nearly around 90 percent of millennials eat “better-for-you” snacks at least once a week. For instance, in the United States quarter, the population is millennials account for around 73 million people as a major living generation.
Major participants such as Food Lab Inc., Asurequality Ltd, Bureau Veritas, Certified Laboratories, Eurofins Scientific, Intertek Group Plc, Merieux Nutrisciences Corp., Microbac Laboratories, Inc., Nutridata, ALS LTD, SGS SA, Thermo Fisher Scientific, Inc., Premier Analytical Services, and TÜV Nord Group are some of the key players operating in the global market. For instance, in September 2021, Cargill declared its aim of entering into a collaboration with Dutch family-owned business Fuite to establish an animal nutrition production facility in the country.
Polaris Market Research has segmented the Nutritional Analysis market report on the basis of parameter, product type, objective, and region:
Nutritional Analysis, Parameter Outlook (Revenue – USD Billion, 2018 – 2030)
- Vitamin Profile
- Fat Profile
- Sugar Profile
- Total Dietary Profile
- Mineral Profile
Nutritional Analysis, Product Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Bakery & Confectionery
- Meat & Poultry
- Sauces, Dressings & Condiments
- Dairy & Desserts
- Fruits & Vegetables
- Edible Fats & Oils
- Baby Foods
Nutritional Analysis, Objective Outlook (Revenue – USD Billion, 2018 – 2030)
- New Product Development
- Product Labeling
- Regulatory Compliance
Nutritional Analysis, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa