April 07, 2022
According to the report titled ‘Global Human Nutrition Market - Analysis By Product Type (Vitamins, Probiotics, Amino Acids, Minerals), Application, Distribution Channel, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026),’ available with MarketStudyReport, global human nutrition market was valued at USD 252.38 billion in the year 2020 and is reckoned to garner substantial returns during 2021-2026.
Rising demand for nutritious & safe health supplements given the increase in proportion of fitness-conscious population, surging disposable income of the people, and soaring concerns over health issues among the consumers are parameters leading to the development of global human nutrition industry.
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Moreover, the elevated occurrences of various diseases arising because of unhealthy eating habits and increasing demand for fortified food products are further likely to bolster the growth of market in the forthcoming years.
In terms of application spectrum, the dietary vertical is slated to expand at a notable CAGR during the analysis period, backed by the fast adaptation of nutritional supplements in food choices by the elderly population tailored to their requirements for the maintenance of a good health & quality lifestyle.
Speaking of the geographical aspect, North America human nutrition industry size is estimated to grow significantly during the assessment timeframe, on account of nations like the United States which is the production hub due to the presence of a well-developed distribution channel. Moreover, the soaring demand for dietary supplements in countries like Mexico is another reason which is enhancing the progress of the regional business landscape.
The notable players in the global human nutrition marketplace are Amway Global, Archer-Daniels-Midland Company, Corbion N.V., Glanbia plc, Usana Health Sciences Inc., Nestlé S.A., Abbott Laboratories Inc., Bayer AG, Kerry Group plc, and Koninklijke DSM N.V. among others.