The global nutritional analysis market is driven by the increasing demand for accurate and detailed nutritional information in food products. With growing health consciousness and the rising prevalence of lifestyle-related diseases, consumers are seeking to make informed choices about their diets. Nutritional analysis plays a crucial role in providing the exact nutritional value, including macro and micronutrients, in food items. It also helps identify the presence of inhibitors and toxic chemicals, ensuring food safety. As food regulations become more stringent and consumers become more health conscious, the demand for reliable nutritional analysis services is expected to witness significant growth in the global market.
According to Data Bridge Market Research, the Global Nutritional Analysis Market will project a CAGR of 8.90% for the forecast period of 2022-2029.
“Rising personal disposable income drives the market growth”
Rising personal disposable income is a key driver of the global nutritional analysis market. As personal incomes increase, consumers tend to become more health-conscious and seek better nutrition for themselves and their families. This growing awareness of the importance of healthy eating drives the demand for nutritional analysis services. With higher disposable income, individuals are more willing to spend on products and services that offer insights into the nutritional content of the food they consume. Additionally, increased disposable income leads to a higher demand for premium and personalized nutritional analysis services, further fueling the growth of the global nutritional analysis market.
What restraints the growth of the global nutritional analysis market?
“Lack of nutritional labeling in various developing economies”
The lack of nutritional labeling in various developing economies serves as a significant restraint on the global nutritional analysis market. In many developing countries, food products may not have comprehensive or standardized nutritional information on their packaging. This hinders consumers' ability to make informed choices about their dietary intake. Without proper labeling, the demand for nutritional analysis services remains limited in these regions. Additionally, regulatory challenges and varying food labeling requirements in different countries make it difficult for nutritional analysis companies to provide uniform and consistent services across the global market, further impeding the market's growth in developing economies.
Segmentation: Global Nutritional Analysis Market
The nutritional analysis market is segmented on the basis of parameter, product type, and objective.
- On the basis of parameter, the nutritional analysis market is segmented into vitamin profile, mineral profile, fat profile, moisture, proteins, total dietary fiber, sugar profile, cholesterol, and calories.
- On the basis of product type, the nutritional analysis market is segmented into beverages, snacks, bakery and confectionery, meat and poultry, sauces, dressings, and condiments, dairy and desserts, fruits and vegetables, edible fats and oils, baby food and others.
- On the basis of objective, the nutritional analysis market is segmented into product labelling, new product development, and regulation compliance.
Regional Insights: North America dominates the Global Nutritional Analysis Market
The North America region continues to dominate the nutritional analysis market due to the high consumption of nutritional products in countries such as the U.S. and Canada. Stringent regulations regarding product labeling and growing health consciousness among consumers drive the demand for nutritional analysis services.
Asia-Pacific region is expected to witness the highest growth rate during the forecast period. Factors such as the increasing consumption of protein-rich foods, rising awareness about the benefits of nutrition, improving food nutrition and product labeling policies, a growing population, changing lifestyles, and increasing disposable income contribute to the region's market growth. As consumers in Asia-Pacific become more health-conscious, the demand for nutritional analysis services is set to soar, driving the market's expansion in the region.
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The Prominent Key Players Operating in the Global Nutritional Analysis Market Include:
- SGS SA (Switzerland)
- Intertek Group plc (U.K.)
- Eurofins Scientific (Luxembourg)
- Bureau Veritas (France)
- ALS Limited (Australia)
- Mérieux NutriSciences Corporation, (U.S.)
- Thermo Fisher Scientific Inc. (U.S.)
- AsureQuality services (New Zealand)
- TÜV NORD GROUP (Germany)
- Dairy Technical Services Limited (New Zealand)
- QIAGEN (Netherlands)
- Covance (U.S.)
- AWTA Ltd (Australia)
- Microbac Laboratories, Inc. (U.S.)
- Food Lab, Inc. (U.S.)
- NutriData (U.S.)
- MenuSano (Canada)
- nettnutrition (U.S.)
- Nutritional Information Solutions (U.K.)
Above are the key players covered in the report, to know about more and exhaustive list of global nutritional analysis market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Nutritional Analysis Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
