Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for beverage industry professionals · Wednesday, May 29, 2024 · 715,497,273 Articles · 3+ Million Readers

Nutritional Food and Drink Market Set to Reach $320.7 Billion by 2032: Key Growth Drivers and Trends

Nutritional Food and Drink Market infographic 1

The nutritional food and drink market experiences robust growth, fueled by rising health consciousness, adoption of protein supplements.

The food sub-segment emerged as the global leader in 2022 and is anticipated to be the fastest-growing sub-segment during the forecast period.”
— Allied Market Research

WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, April 23, 2024 / -- According to a new report published by Allied Market Research, titled โ€œNutritional Food and Drink Market," the nutritional food and drink market was valued at $105.30 billion in 2022 and is estimated to reach $320.7 billion by 2032, growing at a CAGR of 12.1% from 2023 to 2032.

๐Ÿ‘‰ ๐†๐ž๐ญ ๐…๐ฎ๐ฅ๐ฅ ๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ

Nutritional foods are high in nutrients and low in salt, sugar, carbohydrates, and others. They are low in calories and high in minerals and vitamins. Micronutrients, such as minerals and vitamins, are necessary for human health. They can also lower the risk of developing chronic illnesses. The body can absorb them adequately if the consumer gets them through meals. Nutrient-dense foods are natural and unprocessed instead of synthetic, artificial, or chemically processed foods. In addition, nutrition drinks and shakes are specially formulated beverages that provide vitamins, minerals, fatty acids, and other vital nutrients.

One of the primary aspects driving market growth is a rising inclination toward a healthy and active lifestyle. Furthermore, the increased consumer acceptance of protein supplements and the adoption of fitness in their lifestyles are likely to boost nutritional food and drink market opportunities. Consumer desire for nutritious goods, including plant-based ingredients, and immunity-boosting benefits is also driving market expansion. Furthermore, manufacturers' increased use of social media platforms such as YouTube and Instagram to promote their products is expected to drive demand for sports nutrition products. Online purchases of pharmaceutical and health items have increased by 9.0%, according to a survey performed by the United Nations Conference on Trade and Development and the Netcomm Suisse eCommerce Association.

Nutritional foods are used in different medical applications and supplement applications. These products need to pass the strict regulations of concerned agencies and provide a list of all the ingredients used to manufacture nutritional food products. The nutritional food manufacturing company should adhere to the given regulations to launch products on the market. These factors are anticipated to restrain the nutritional food and drink market growth during the forecast period.

Investment in R&D has led to the development of improved nutritional supplements aimed at improving athletic performance. Companies are continually developing in order to fulfil the special needs of athletes and fitness-conscious consumers. Many sports nutrition firms promote their products in collaboration with athletes, sports teams, and fitness influencers. These collaborations not only assist in selling nutritional products but also aid in establishing brand credibility and confidence among the fitness and sports communities. Wearable technology, which frequently includes apps and gadgets for tracking physical activity and health data, has been embraced by the sports and fitness industry. These technologies have enabled the incorporation of individualized nutrition advice using nutritional food and drink products. Sports nutrition products are no longer confined to specialty stores. They are now available in mainstream supermarkets and online marketplaces, making them more accessible to a wider range of consumers. These factors are anticipated to create several growth opportunities for the key players operating in the nutritional food and drink market in the upcoming years.

๐Ÿ‘‰ ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž

The nutritional food and drink market share is segmented on the basis of type, application, and region. By type, the market is divided into food (sugar & fat replacers, fiber-enriched products, nutritional supplements, and others) and drink (energy drinks, flavored & enhanced waters, juices, and others). By application, the market is classified into healthcare, sports & fitness, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the nutritional food and drink market analysis report include Nestle, Abbott, Bayer AG, Dupont, Amway, the Health Food Manufacturersโ€™ Association, Glanbia Plc, Bionova, GSK Plc, and Herbalife International of America, Inc.

The report offers a comprehensive analysis of the global nutritional food and drink market trends by thoroughly studying different aspects of the market, including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights on the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct market growth are also profiled in the report, along with Porterโ€™s five forces analysis of the market to elucidate factors such as the competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.

๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ ๐จ๐Ÿ ๐‚๐Ž๐•๐ˆ๐ƒ-๐Ÿ๐Ÿ— ๐จ๐ง ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐๐ฎ๐ญ๐ซ๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐…๐จ๐จ๐ ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ง๐ค ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

The COVID-19 pandemic had significant impact on the nutritional food and drink market. These effects have been witnessed due to various factors, including changes in consumer behavior, supply chain disruptions, and public health concerns.

The pandemic accelerated existing health and wellness trends, such as plant-based diets, healthy eating, and supplements. These trends have driven demand for a wide range of nutritional products. The closure of physical stores and concerns about in-person shopping led to increased online purchases of groceries and nutritional products. E-commerce platforms became the main distribution channel for these items.

Many companies in the nutritional food and beverage market reduced marketing and advertising activities due to budget constraints, affecting brand recognition and new product launches. The pandemic also brought regulatory challenges related to labeling, safety, and health claims for nutritional products.

๐Ÿ‘‰ ๐“๐š๐ฅ๐ค ๐ญ๐จ ๐จ๐ฎ๐ซ ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ

๐Š๐ž๐ฒ ๐…๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ญ๐ฎ๐๐ฒ

Based on type, the food sub-segment emerged as the global leader in 2022 and is anticipated to be the fastest-growing sub-segment during the forecast period.

Based on the application, the sports sub-segment emerged as the global leader in 2022, and the sports & fitness sub-segment is predicted to show the fastest growth in the upcoming years.

Based on region, North America registered the highest market share in 2022 and is projected to maintain its position during the nutritional food and drink market forecast period.

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

We have professional corporate relations with various companies, and this helps us dig out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+1 5038946022
Visit us on social media:

Powered by EIN Presswire

EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release