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Elderly Nutrition Powder Market worth $5.23 billion by 2030, growing at a CAGR of 9.32% - Exclusive Report by 360iResearch
Elderly Nutrition Powder Market | 360iResearch
The Global Elderly Nutrition Powder Market to grow from USD 2.80 billion in 2023 to USD 5.23 billion by 2030, at a CAGR of 9.32%.
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Elderly nutrition powder meet particular nutritional requirements, offering a balanced mix of vitamins, minerals, dietary fiber, protein, and other nutrients that are essential for maintaining the health and well-being of elderly adults. These powders may come in various flavors and can be mixed with liquids for easy consumption. They are often recommended for elderly individuals who have difficulty consuming solid food, have increased nutritional needs, or are at risk for nutrient deficiencies. The growth in the elderly nutrition powder market is driven by an expanding elderly population, heightened wellness consciousness among this group, the ubiquity of chronic age-related conditions, and continuous improvements in nutrition science. Growth deterrents such as steep pricing, awareness deficits regarding product benefits, taste preferences, and complex regulatory milieu pose significant challenges for the global elderly nutrition powder market. Technological advances and the burgeoning healthcare segment pave the way for market opportunities, whereas accessibility is being revolutionized through digital commerce. Embracing advanced production and packaging further aligns with sustainability trends, potentially capturing the eco-conscious segment within this market.
The elderly nutrition powder market in the Americas is experiencing steady growth, with North America contributing majorly due to a significant aging population and increasing health awareness among seniors. The market is also supported by robust healthcare infrastructure and high purchasing power, allowing for greater expenditure on health products like nutrition powders. In Europe, the Middle East, and Africa (EMEA), the market dynamics vary significantly by region. Europe represents a strong growth with advanced healthcare systems and a higher prevalence of diet-conscious populations. The Middle East shows considerable growth with increasing disposable income, while Africa's market is still nascent with untapped potential amid growing awareness of elderly nutrition. The Asia-Pacific (APAC) region is expected to be the fastest-growing market for elderly nutrition powders, with factors such as rapidly aging populations in countries including Japan and China, increasing disposable incomes, and shifting cultural attitudes towards nutrition. Additionally, governmental initiatives to promote healthy aging and the rise of local players in the nutrition space are further accelerating market growth in this region.
Market Segmentation & Coverage:
This research report categorizes the Elderly Nutrition Powder Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Antioxidants, Fibers, Iron, Lipids, Minerals, Multi-Vitamins, and Proteins. The Multi-Vitamins is projected to witness significant market share during forecast period.
Based on Packaging, market is studied across Containers, Glass, Metal Can, and Plastic Pouches. The Plastic Pouches is projected to witness significant market share during forecast period.
Based on Indication, market is studied across Cancer, Diabetes, Obesity, Renal Failure, and Sarcopenia. The Cancer is projected to witness significant market share during forecast period.
Based on Distribution, market is studied across Hospitals, Online, and Retail Drug Store. The Retail Drug Store is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.02% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Elderly Nutrition Powder Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Elderly Nutrition Powder Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Elderly Nutrition Powder Market, highlighting leading vendors and their innovative profiles. These include AAK AB, Abbott Laboratories, AbbVie Inc., Amway Corporation, Apollo Pharmacy, Baxter International Inc., Dr. Reddy's Laboratories Ltd., Fresenius Kabi AG, GlaxoSmithKline PLC, Herbalife International of America, Inc., Meiji Holdings Co., Ltd., Natures Velvet, Nature's Sunshine Products, Inc., Nestlé S.A., Nutricia International Private Limited, Otsuka Pharmaceuticals Co., Ltd., Pfizer Inc., Plantigo Nutrition Private Limited, Reckitt Benckiser Group PLC, Seven Turns Pvt Ltd., Sun Pharmaceutical Industries Limited, Svaas Wellness Limited, Terry Naturally Vitamins by Europharma, Unilever PLC, and Valio Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Elderly Nutrition Powder Market, by Type
7. Elderly Nutrition Powder Market, by Packaging
8. Elderly Nutrition Powder Market, by Indication
9. Elderly Nutrition Powder Market, by Distribution
10. Americas Elderly Nutrition Powder Market
11. Asia-Pacific Elderly Nutrition Powder Market
12. Europe, Middle East & Africa Elderly Nutrition Powder Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Elderly Nutrition Powder Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Elderly Nutrition Powder Market?
3. What is the competitive strategic window for opportunities in the Elderly Nutrition Powder Market?
4. What are the technology trends and regulatory frameworks in the Elderly Nutrition Powder Market?
5. What is the market share of the leading vendors in the Elderly Nutrition Powder Market?
6. What modes and strategic moves are considered suitable for entering the Elderly Nutrition Powder Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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