How Will the Human Nutrition Market to Reach $189.2 Billion by 2030 Impact Global Economies?

Introduction to the Human Nutrition Market Meticulous Research® has released an extensive report titled “Human Nutrition Market by Type, Application, Population, and Geography – Global Forecast to 2030.” This study provides a comprehensive examination of the human nutrition market, highlighting emerging trends, challenges, and opportunities for growth.
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Forecasted Market Size According to the report, the global human nutrition market is projected to reach $189.2 billion by 2030, exhibiting a CAGR of 7.4% from 2023 to 2030. This growth is primarily fueled by a combination of factors including increasing health awareness, a surge in demand for fortified foods, evolving lifestyles, and a higher incidence of chronic diseases.
Drivers of Market Expansion Several key factors are identified as driving this market’s growth:
• Health and Wellness Trends: Growing consumer awareness around nutrition is leading to increased demand for dietary products.
• Fortified Food Demand: There is a heightened interest in fortified food options to combat nutritional deficiencies.
• Chronic Disease Prevalence: The rise in chronic illnesses necessitates enhanced nutritional solutions.
• Innovations in Products: Advances in technology and new product launches are opening avenues for market expansion.
Market Challenges Despite the promising outlook, the human nutrition market faces challenges such as strict regulations and high product costs, which may limit growth potential.
Market Segmentation Overview The human nutrition market is categorized by type, application, population, and geography, facilitating an in-depth analysis:
• Types: This includes vitamins (both fat-soluble and water-soluble), proteins, carbohydrates, fats and fatty acids, and minerals. The vitamins segment is expected to lead the market share in 2023, driven by increased health consciousness and a rising prevalence of vitamin deficiencies.
• Applications: The market is segmented into functional foods, functional beverages, dietary supplements, and others. The functional beverages segment is anticipated to grow at the highest rate, supported by rising health awareness and increased spending on health products.
• Population Categories: The report discusses segments such as pediatric, geriatric, maternal, and athletic populations. The geriatric segment is projected to capture the largest market share due to an aging population and the necessity for maintaining health in older adults.
Regional Insights North America is anticipated to dominate the human nutrition market in 2023 due to a robust nutraceutical industry, substantial investment in R&D, and rising rates of chronic diseases.
Leading Market Players The human nutrition market is characterized by a competitive landscape with various players, including: Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (U.S.), Chr. Hansen Holding A/S (Denmark), Glanbia plc (Ireland), Corbion N.V.(Netherlands), Associated British Foods plc (U.K.), Arla Foods (Denmark), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Ajinomoto Co. Inc. (Japan), Cargill, Incorporated (U.S.), BASF SE (Germany), and Kerry Group plc (Ireland).
Conclusion The human nutrition market presents significant growth opportunities driven by consumer trends and technological innovations. However, challenges related to regulations and pricing remain critical for market stakeholders to address.
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How Will the Human Nutrition Market to Reach 9.2 Billion by 2030 Impact Global Economies?