June 13, 2022
According to the research 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, which was valued at USD 252.38 billion in 2020, is expected to observe exponential growth through 2026.
The growing health awareness, surging demand for safe and nutritious products and supplements, the surging prevalence of various diseases due to unhealthy eating habits, and rising disposable income, are some of the major factors driving the growth of global human nutrition market.
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The overall market is categorized in terms of product type, application spectrum, distribution channel, and regional contribution.
Based on the product type, the market is divided into probiotics, minerals, vitamins, proteins/amino acids, and others.
Moving on to the application spectrum, the global human nutrition market is fragmented on the basis of functional nutrients, food and beverages, dietary supplement, and infant nutrition. Among these, the dietary supplement segment is anticipated to register the highest CAGR during the forecast timeline, owing to the growing demand for nutritional supplements among the geriatric population focusing.
As per the distribution channel, the market is categorized into prescribed and OTC segments.
The country-level bifurcation of this business space extends to the U.S., Canada, the U.K., Italy, France, Germany, China, Japan, India, and Australia. The report claims that North America is expected to hold the largest market share over the forecast time spell, primarily attributed to the well-developed distribution channel, high concentration of key manufacturers and increasing demand for dietary supplements.
Amway, Usana Health Sciences, Inc., Corbion N.V., Bayer AG, Koninklijke DSM N.V., Abbott Laboratories, Kerry Group plc, Nestlé S.A., Glanbia plc, and the Archer-Daniels-Midland Company (ADM) are the prominent players influencing global human nutrition market trends.