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Elderly Nutrition Market worth $22.53 billion by 2030, growing at a CAGR of 9.32% - Exclusive Report by 360iResearch
Elderly Nutrition Market | 360iResearch
The Global Elderly Nutrition Market to grow from USD 12.07 billion in 2023 to USD 22.53 billion by 2030, at a CAGR of 9.32%.
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Elderly nutrition refers to the dietary practices and considerations tailored to meet the unique physiological, metabolic, and medical needs of individuals aged 65 years and older. The focus on nutrition is imperative for this demographic as aging is associated with various changes that can impact dietary requirements and food intake. Rising awareness of health and longevity and the growing prevalence of chronic diseases associated with old age raise the need for enhanced elderly nutrition products. Changing dietary habits and the influence of medical recommendations contribute to the consumption of elderly nutrition products. However, limited awareness and the high cost of elderly nutrition products may impede global sales. Moreover, the research and development for creating innovative products are expected to encourage the adoption of elderly nutrition products by the end-users globally.
The elderly nutrition market is growing in the Americas owing to the advanced healthcare infrastructure, high levels of disposable income, and a strong presence of food and healthcare companies contributing to the development of personalized nutrition for the elderly. Companies in this region are leveraging technologies, such as big data and AI, to cater to the nutritional needs of the elderly, providing them with tailored supplements. Europe's elderly nutrition market is also significant, and it is largely supported by governmental efforts to promote healthy aging and the nutritional well-being of the elderly. European regulation on food products and supplements is particularly stringent, ensuring high-quality standards are met and fostering consumer confidence in products designed for elderly nutrition. The Middle Eastern and Africa region represents a developing landscape for the elderly nutrition market owing to the increase in life expectancy, a growing number of elderly citizens, and growing acceptance and demand for institutional care and specialized nutritional products tailored for the elderly. The Asia-Pacific region is expected to witness growth in the market for elderly nutrition due to the rapidly aging population, focusing on natural and holistic nutritional approaches, resulting in the development of innovative elderly nutrition product formulations.
Market Segmentation & Coverage:
This research report categorizes the Elderly Nutrition 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 Fibers commanded largest market share of 21.83% in 2023, followed by Multi-Vitamins.
Based on Form, market is studied across Chewables, Liquid, Powder, and Tablets/ Capsules. The Powder is further studied across Containers, Glass, Metal Can, and Plastic Pouches. The Tablets/ Capsules commanded largest market share of 27.21% in 2023, followed by Powder.
Based on Indication, market is studied across Cancer, Diabetes, Obesity, Renal Failure, and Sarcopenia. The Diabetes commanded largest market share of 22.99% in 2023, followed by Obesity.
Based on Distribution, market is studied across Hospitals, Online, and Retail Drug Store. The Retail Drug Store commanded largest market share of 51.27% in 2023, followed by Hospitals.
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 37.12% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Elderly Nutrition 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 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 Market, highlighting leading vendors and their innovative profiles. These include AAK AB, Abbott Laboratories, AbbVie Inc., Amway Corporation, Baxter International Inc., Bayer AG, British Biologicals, Danone S.A., Dr. Reddy's Laboratories, Fresenius Kabi AG, GlaxoSmithKline PLC, Herbalife Nutrition Ltd., Koninklijke DSM N.V., Meiji Holdings Co., Ltd., Nature's Sunshine Products, Inc., Nestlé S.A., Nordic Naturals, NoW Health Group, Inc., Otsuka Pharmaceuticals Co., Ltd., RBK Nutraceuticals Pty. Ltd., Reckitt Benckiser Group PLC, Sanofi S.A., Sun Pharmaceutical Industries Ltd., 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 Market, by Type
7. Elderly Nutrition Market, by Form
8. Elderly Nutrition Market, by Indication
9. Elderly Nutrition Market, by Distribution
10. Americas Elderly Nutrition Market
11. Asia-Pacific Elderly Nutrition Market
12. Europe, Middle East & Africa Elderly Nutrition 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 Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Elderly Nutrition Market?
3. What is the competitive strategic window for opportunities in the Elderly Nutrition Market?
4. What are the technology trends and regulatory frameworks in the Elderly Nutrition Market?
5. What is the market share of the leading vendors in the Elderly Nutrition Market?
6. What modes and strategic moves are considered suitable for entering the Elderly Nutrition Market?
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