Meticulous Research®, a globally recognized market research organization, recently published a comprehensive report titled " Human Nutrition Market by Type (Vitamins, Proteins, Minerals, Fatty Acids, Carbohydrates), Application (Functional Food, Functional Beverages, Dietary Supplements), Population (Geriatric, Pediatric, Maternal), and Geography - Global Forecast to 2030." This report provides in-depth insights into the human nutrition market, examining emerging trends, growth projections, and the competitive landscape.

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Market Growth Outlook

The human nutrition market is projected to grow significantly, reaching an estimated value of $189.2 billion by 2030. The market is expected to expand at a compound annual growth rate (CAGR) of 7.4% between 2023 and 2030. Factors driving this robust growth include a rising emphasis on health and wellness, increasing demand for fortified food products, lifestyle changes, the growing prevalence of chronic diseases, and the expanding use of dietary supplements and infant nutrition products. Additionally, advancements in technology and frequent innovative product launches from key industry players are expected to unlock further growth opportunities.

Detailed Market Segmentation

The report segments the human nutrition market into various categories: by type, application, population, and geography. These segments cover an extensive range of nutrients and their applications. The types include vitamins (both fat-soluble and water-soluble), proteins, probiotics, amino acids, fatty acids, carbohydrates (monosaccharides and oligosaccharides), and essential minerals (macrominerals and microminerals). The applications considered in the report include functional foods (such as dairy, bakery, and infant products), functional beverages (energy and sports drinks), dietary supplements, and more. The population segments cover pediatric, geriatric, maternal, and athletic groups. Geographically, the market is analyzed across regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Dominance of the Vitamins Segment

The vitamins segment is expected to dominate the human nutrition market in 2023, driven by increasing consumer interest in health and wellness, rising rates of vitamin deficiency, and growing demand for vitamin-enriched products. The trend towards health consciousness and the expanding aging population in developed economies also contribute to the segment’s significant market share.

Functional Beverages Gaining Traction

The functional beverages segment is forecasted to grow at the fastest rate throughout the projected period. This growth is largely attributed to rising demand for functional beverages in emerging markets, increased consumption of sports drinks, and growing health-related expenditures among consumers worldwide.

Geriatric Population Impact

The geriatric segment is expected to hold the largest share of the human nutrition market in 2023. This demographic's significant market presence is due to the aging global population, the increased need for improved digestion and immunity support among older adults, and the high prevalence of chronic diseases within this group.

Regional Leadership in North America

North America is anticipated to lead the global human nutrition market in 2023. The region’s dominance is attributed to its strong nutraceutical and functional food industries, growing demand for dietary supplements, and significant investments in research and development. The region also faces a high incidence of chronic diseases like diabetes and heart conditions, fueling interest in wellness and healthy living.

Competitive Market Landscape

The global human nutrition market is moderately competitive, with numerous established and emerging companies actively participating. Key players driving innovation and market growth include 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). These companies are heavily involved in research and product development, contributing to the overall growth of the market.

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