According to the current analysis of Reports and Data, the Global Nutritional Analysis Market was valued at USD 5,051.0 Million in 2020 and is expected to reach USD 9,195.4 Million By 2028, at a CAGR of 7.7%. Nutrition analysis is the process of determining the nutritional content of the food. The process of nutritional analysis can be performed in two ways to calculate the nutritional content in a food sample; chemically, and/or by calculation. Growing consumer base, the rapid pace of urbanization, and increasing disposable income of households are among the key trends accelerating the growth of the global nutritional analysis market.
Furthermore, the widening base of health-conscious population, rising incidence of sedentary diseases, and favorable government initiatives towards health promotion are anticipated to foster the growth of the market over the coming years. The nutritional analysis determines the nutritional content of food products. Food with less nutritional value is not sufficient to fulfill the daily requirement of the body. Intake of such food can result in malnutrition; this may include the less concentration of calories, protein, carbohydrates, vitamins, or minerals. Growing consumer awareness of healthy food is one of the major factors driving the growth of the market. The increasing importance of the consumption of protein-vitamin reach food in developed and developing countries owing to rising health consciousness is boosting the demand for nutritional analysis.
Additionally, Increasing cases of malnutrition in low-income countries and rising government initiatives are also contributing to the growth of the market. Furthermore, the implementation of food safety nutritional labeling regulations is also contributing to the growth of the nutritional analysis market all over the globe. On the other hand, lack of knowledge about the nutritional analysis in low-income countries can hamper the growth of the market. Changing food label policies are likely to push the market growth uphill in the forecasting period. Also, the shift in consumer awareness regarding consumption safe and nutritional food is again pushing the market growth. The stringent government regulations regarding food safety and quality foster the growth of nutritional analysis market. However, globalization of food trade and advancement in analysis technology can provide better opportunities for the market in the forecast period.
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The Nutritional Analysis market investigation report assesses the global market for the Nutritional Analysis industry and provides revenue and capability forecasts for the projected period of 2023-2028. The factors that drive the industry's growth are highlighted in the report. The report divides the Nutritional Analysis market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Eurofins Scientific,
- SGS S.A.,
- Covance,
- DTS Food Laboratories,
- Bureau Veritas,
- Thermo Fisher Scientific,
- AsureQuality,
- TUV Nord Group,
- DTS Food Laboratories,
- Qiagen
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
By Type Outlook
- Beverages
- Snacks
- Bakery confectionery
- Meat poultry
- Baby food
- Others
By Parameter Outlook
- Vitamin profile
- Mineral profile
- Total dietary fiber
- Moisture
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Nutritional Analysis market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Nutritional Analysis market.
The Global Nutritional Analysis Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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