The Nutritional Analysis Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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As delineated in The Business Research Company’s Nutritional Analysis Global Market Report 2024, the nutritional analysis market has experienced robust growth in recent years, surging from $5.56 billion in 2023 to $5.97 billion in 2024, manifesting a notable compound annual growth rate (CAGR) of 7.5%. This upward trajectory in the historical context finds its roots in several key factors, including the escalation of diet-related maladies, heightened consumer clamor for transparency, advancements in scientific inquiry and nutritional exploration, alongside the pervasive impact of globalization and the diversification of dietary patterns.
Projections for the nutritional analysis market paint a picture of continued ascension in the forthcoming years, with expectations soaring to $8.39 billion by 2028, buoyed by a robust compound annual growth rate (CAGR) of 8.9%. This trajectory in the forecasted period owes much to the burgeoning realms of e-commerce and the imperative for food transparency, the burgeoning expanse of the functional foods market, and the burgeoning consciousness surrounding sustainability and ethical consumption practices, coupled with an escalating demand for allergen detection and the ripple effects of regulatory amendments in labeling practices.
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.
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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
Top 5 Major Players:
- Thermo Fisher Scientific Inc
- LabCorp Corporation
- Quest Diagnostics Incorporated
- SGS SA
- Eurofins Scientific SA
Pivotal to this landscape are the strides made by major players within the nutritional analysis market, who are steering innovations through the development of cutting-edge technologies, exemplified by the advent of nutrition analysis platforms. These platforms, characterized as comprehensive software solutions or online services, are meticulously crafted for the scrutiny and evaluation of the nutritional composition of food and beverages. A case in point is Trustwell, a trailblazing entity based in the United States, which unveiled Genesis Foods in April 2023—a software as a service (SaaS) product distinguished by its sleek user interface, facilitating seamless product formulation and data input. Noteworthy is its capacity to streamline regulatory compliance through embedded data validation checks and timely alerts, effectively automating the intricate processes entailed in labeling calculations to ensure the precise disclosure of nutritional information, ingredient composition, and allergen content as mandated by FDA Nutrition Facts labels. By simplifying the labyrinthine domain of food labeling and equipping food enterprises with the agility to concoct novel product formulations and effectuate real-time adjustments to existing recipes, Trustwell’s software epitomizes a paradigm shift towards enhanced efficiency and adaptability within the ever-evolving terrain of the food industry.
By simplifying the complexities associated with food labeling, Trustwell’s software empowers food enterprises to effortlessly conceptualize new product formulations within minutes and effectuate real-time modifications to existing recipes, thereby enhancing operational efficiency and adaptability amidst the dynamic contours of the food industry landscape.
1. Executive Summary
2. Nutritional Analysis Market Characteristics
3. Nutritional Analysis Market Trends And Strategies
4. Nutritional Analysis Market – Macro Economic Scenario
5. Global Nutritional Analysis Market Size and Growth
…..
32. Global Nutritional Analysis Market Competitive Benchmarking
33. Global Nutritional Analysis Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Nutritional Analysis Market
35. Nutritional Analysis Market Future Outlook and Potential Analysis
36. Appendix
List of The Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Nutritional Analysis Market, Segmentation By Parameter, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Nutritional Analysis Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Nutritional Analysis Market, Segmentation By Objective, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 74: Thermo Fisher Scientific Inc. Financial Performance
Table 75: LabCorp Corporation Financial Performance
Table 76: Quest Diagnostics Incorporated Financial Performance
Table 77: SGS SA Financial Performance
Table 78: Eurofins Scientific SA Financial Performance
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