Silver Food Market Statistics by 2025 | Roquette Frères, Nestle S.A., Herbalife Nutrition, Arla Foods Ingredients, Nutrisystem, Pfizer, Abbott

Global Market Insights, Inc. has recently added a report on Silver Food Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

Increasing government activities to promote elderly specific food among consumers will also create silver food demand in the upcoming years. Government programs in various countries will help in creating awareness about the product in the upcoming years. Another key growth driving factor for the product market is rising government expenditure in healthcare sector. Global healthcare sector will grow substantially in the upcoming years, further propelling the silver food market demand.

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Key Profiles:
• Herbalife Nutrition
• Oy Karl Fazer Ab
• Mom’s Meals
• Koninklijke DSM N.V.
• Arla Foods Ingredients Group P/S
• Nutrisystem, Inc.
• Pfizer Inc.
• Nestle S.A.
• Abbott Laboratories
• Roquette Frères
• Sysco Corporation

The industry has been classified according to product and distribution channel. Silver food products are classified as supplements and meal boxes. Meal boxes will occupy the largest share in product segment in the upcoming years. Increasing number of senior friendly meal box providers in developed parts of the globe will augment this segment's industry growth. Supplements are likely to grow significantly at CAGR of greater than 4% in the upcoming years.

On the basis of distribution channel, market has been segmented into hospitals, online portals, senior care facilities, grocery stores, restaurants, etc. Among these, senior care facilities are likely to have the highest market share in the future. Online portal will also be a key segment in silver food market owing to limited operating cost as this retail format eliminates the intermediaries present in the distribution channel and supply product directly to the end-consumer.

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Rising consumer awareness regarding nutritional deficiency and consequent ailments resulting from such deficiencies has resulted in increased demand for the product globally. Another factor supporting the growth of sale in the global market is worldwide development of distribution channel. E-commerce has significantly driven the revenue in the silver food market. Availability of the product in various categories like gluten free, cholesterol friendly, low sodium etc. is likely to propel global market development in the coming years.

Supplements occupy a significant market share in the overall silver food market and is likely to generate revenue exceeding USD 7 billion by 2025. Various supplements are available in the market for elderly population like supplements for iron, fatty acids, calcium, all types of vitamins, proteins, magnesium, etc. These supplements are found in the form of tablets, capsules, syrup or powder. Senior friendly food is also available in different varieties depending on factors like age, sex and specific requirements.

Online portal is a key distribution channel in the silver food market which is likely to propel at a CAGR of more than 4% in the forecast timeframe. This distribution channel enables to achieve a greater market coverage with limited cost. Products of companies like Nestle, Abbot laboratories etc. are available at various online portals. Grocery stores is another important distribution channel in the silver food market which significantly contributes to sales expansion.

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Europe is a key silver food market that is likely to reach around USD 6 billion by 2025. Rising percentage of population over 60 years in countries like Germany, France, Italy, Sweden, etc. will drive the demand for the product in the forecast timeframe. Rising government expenditure on health in the region will also augment product demand to meet nutritional requirements of the elderly.

Some of the global market participants include Herbalife Nutrition, Oy Karl Fazer Ab, Mom’s Meals, Koninklijke DSM N.V., Arla Foods Ingredients Group P/S, Nutrisystem, Inc., Pfizer Inc. Nestle S.A., Abbott Laboratories, Roquette Frères, Sysco Corporation, etc. Product innovation by market players is likely to be a major strategy to gain competitive advantage in the silver food industry in the coming years.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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This release was published on openPR.