Overview and Scope
Nutritional analysis is the process of estimating the calorie, macronutrient, and micronutrient content of a meal and also helps in the detailed and perfect determination of the component nutrients present in any food item. Completing a nutritional analysis of the food manufactured or sold helps to ensure its compliance with various national and international regulations.
Sizing and 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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Segmentation & Regional Insights
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
North America was the largest region in the nutritional analysis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nutritional analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The nutritional analysis market report table of contents includes:
1. Executive Summary
- Nutritional Analysis Market Characteristics
- Nutritional Analysis Market Trends And Strategies
- Nutritional Analysis Market – Macro Economic Scenario
- Global Nutritional Analysis Market Size and Growth
.
- Global Nutritional Analysis Market Competitive Benchmarking
- Global Nutritional Analysis Market Competitive Dashboard
- Key Mergers And Acquisitions In The Nutritional Analysis Market
- Nutritional Analysis Market Future Outlook and Potential Analysis
- Appendix
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