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Nutritional Analysis Market Report 2024: Strategies And Recent Developments| By The Business Research Company
Nutritional Analysis
The Business Research Company offers in-depth market insights through Nutritional Analysis Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The nutritional analysis market size has grown strongly in recent years. It will grow from $5.56 billion in 2023 to $5.97 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise in diet-related diseases, consumer demand for transparency, scientific research and nutrition studies, globalization and diverse diets.
The nutritional analysis market size is expected to see strong growth in the next few years. It will grow to $8.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to e-commerce and food transparency, expansion of functional foods market, sustainability and ethical consumption, demand for allergen detection, regulatory changes in labeling. Major trends in the forecast period include consumer-generated data, holistic health focus, quantified self movement, precision nutrition demand, nutrigenomics advancements.
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Market Segmentation:
The nutritional analysis market covered in this report is segmented -
1) By Parameter: Vitamin Profile, Mineral Profile, Total Dietary Fiber, Fat Profile, Sugar Profile, Calories, Cholesterol, Moisture, Other Parameters
2) By Product Type: Beverages, Snacks, Bakery and Confectionery, Meat and Poultry, Sauces, Dressings, and Condiments, Dairy and Desserts, Fruits and Vegetables, Edible Fats and Oils, Baby Foods, Other Product Types
3) By Objective: New Product Development, Product Labeling, Regulatory Compliance
Major Driver - Rising Consumer Awareness Fuels Growth In Nutritional Analysis Market
The increasing consumer awareness and change in preference for consuming healthy food are expected to propel the growth of the nutritional analysis market. Nutritional analysis helps to understand the chemical composition, processing, quality control, and contamination of food, thus ensuring a good and healthy intake of food. A healthy diet helps to protect against malnutrition in all its forms and also protects against non-communicable diseases (NCDs), including heart disease, diabetes, stroke, and cancer. For instance, in January 2022, according to a survey report published by Nutrisystem, a US-based provider of weight loss products, among 2,000 participants, 53% of respondents expressed their goal for 2022 as shedding weight, with an average target of 14 pounds of weight loss. Therefore, the increasing consumer awareness and change in preference for consuming healthy food are driving the growth of the nutritional analysis market.
Competitive Landscape:
Major companies operating in the nutritional analysis market report are Thermo Fisher Scientific Inc., LabCorp Corporation, Quest Diagnostics Incorporated, SGS SA, Eurofins Scientific SA, Bureau Veritas SA, Intertek Group plc, Covance Inc., QIAGEN N.V., AsureQuality Limited, Microbac Laboratories Inc., Genova Diagnostics Inc., Mérieux NutriSciences Corporation, AWTA Ltd., Metametrix Inc., Cell Science Inc., Gujarat Laboratories Ltd., Doctor's Data Inc., MenuSano, NutriData, ALS Limited, TÜV NORD GROUP, Dairy Technical Services Limited, Food Lab Inc., Nutritional Information Solutions, Nettnutrition, Food Consulting Company, Friedman Health LLC, Nutrition Research Center Inc., Health Diagnostics Laboratory Inc., Nutrigenomics Inc., Health Labs Inc., PathGroup Inc.
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Top Trend - Innovative Nutrition Analysis Platform For Enhanced Regulatory Compliance And Efficiency
Major companies operating in the nutritional analysis market are developing advanced technologies, such as nutrition analysis platforms, to meet larger customer bases, increase sales, and increase revenue. A nutrition analysis platform is a comprehensive piece of software or online service designed for analyzing and evaluating the nutritional content of food and beverages. For instance, in April 2023, Trustwell, a US-based provider of software solutions for food manufacturers, launched Genesis Foods. The unique feature of Genesis Foods' new Software as a Service (SaaS) product lies in its streamlined user interface, which provides swift and intuitive product formulation and data entry. This innovative solution prioritizes regulatory compliance by incorporating built-in data checks and alerts. Notably, the software automates the complex process of labeling calculations, ensuring accurate presentation of all nutritional information, ingredients, and allergens on FDA Nutrition Facts labels. Trustwell's software not only simplifies food labeling but also empowers food companies to effortlessly create new product formulations within minutes and make real-time updates to existing recipes, enhancing efficiency and adaptability in the dynamic food industry landscape.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nutritional Analysis Market Characteristics
3. Nutritional Analysis Market Trends And Strategies
4. Nutritional Analysis Market - Macro Economic Scenario
5. Nutritional Analysis Market Size And Growth
…..
27. Nutritional Analysis Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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