Nutritional Analysis Market to Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth by 2031

Nutritional analysis market was valued at $4.9 billion in 2021, and is estimated to reach $8.2 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

A rise in the consumption of nutritious food and activities such as calories and macros tracking among consumers has increased the importance of nutritional analysis from manufacturers of food products. Further importance associated with the nutritional content of food and more stringent guidelines by governments of countries across the world will help provide a major boost to the nutritional analysis market in the future.

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The emergence of strict guidelines regarding food quality in developed countries and the surge in demand for packaged and processed food drive the growth of the global nutritional analysis market. On the other hand, many manufacturers happen to provide inaccurate information about the formulation of their ingredients in products or manipulate test results which restrains the market growth to some extent. However, a rise in living standards and an increase in investments in food production are expected to pave the way for lucrative opportunities for the key players in the industry.

Nutritional analysis is the process of testing food and beverages for various components such as proteins, carbohydrates, fats, sodium, vitamins, minerals, and others in order to create nutritional labelling for product packaging. This analysis informs consumers about the number of macronutrients and micronutrients present in their food products, allowing them to make more informed food and beverage purchasing decisions. This market study looks at the nutritional content of food products, rather than the individual components added to food products.

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Human survival requires food and beverages. Because food and beverages are so important in people's lives, most food security and quality regulations around the world prioritize regulatory compliance in terms of food and beverage quality. All countries in the European region have very strict guidelines regarding the quality of the ingredients used in the food as well as the nutritional composition of the food to ensure that consumers in the region get the best quality food products in the region. Similarly, the U.S. Food and Drug Administration (F.D.A.) imposes strict guidelines on food manufacturing practices. Manufacturers must conduct a variety of food product tests to ensure that the food products meet the standards set by their respective food regulatory authorities. This adherence to food testing is helping to boost the nutritional analysis market growth in developed regions around the world.

Nutritional database analysis of food and beverage products is the most cost-effective method of nutritional analysis. Many Nutritional Analysis Industrylabs around the world conduct database analysis based on the ingredient list provided by the food product's manufacturer; however, several online companies provide such software to food manufacturers on a subscription basis. There are several such companies that are untrustworthy because their databases are frequently inaccurate and provide inaccurate nutritional information about the food. This has a negative impact on the nutritional analysis market. Furthermore, many regional manufacturers provide inaccurate information about the ingredients in their products or manipulate test results to present a positive image of their products. As a result, the nutritional value of their food products is inaccurate, creating a negative impact on the nutritional analysis market forecast and impeding its growth.

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There are several new and emerging food manufacturers in developing regions around the world. Governments in these regions are developing and enforcing new guidelines to ensure that food produced in the region meets global quality standards. Manufacturers in the region are forced to increase their food testing and quality assurance efforts to maintain their manufacturing licenses. As these regions' living standards and investments in food production rise, there is a greater emphasis on the nutritional components of food, which leads to an increase in the nutritional analysis of food products in the region. nutritional analysis market opportunities are increasing in tandem with the rate of progress in these areas.

The nutritional analysis market is segmented on the basis of analysis type, product type, nutrient, and region. By analysis type, the market is classified into laboratory testing and nutritional database testing. According to product type, the market is classified into bakery & confectionery, snacks, dairy, meat products, and others. By nutrient, the market is divided into macronutrients and micronutrients. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and Rest of LAMEA).

The key players operating in the market analysis include- ALS Limited, Bureau Veritas SA, Compu-Food Analysis, Eurofins Scientific, Food Lab, Inc., Intertek Group PLC, Lifeasible, MENUSANO, Microbac Laboratories, Inc., Opal Research And Analytical Services, Pat-Chem Laboratories LLC, SGS SA, Test Needs Australia, Thermo Fisher Scientific, Inc., and TÜV SÜD.

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