Global Human Nutrition Market Size to Exceed USD 691.02 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Human Nutrition Market Size is Expected to Grow from USD 375.52 Billion in 2023 to USD 691.02 Billion by 2033, at a CAGR of 6.29% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Human Nutrition Market Size, Share, and COVID-19 Impact Analysis, By Type (Vitamins, Proteins & Amino Acids, and Probiotics), By Application (Functional Nutrients, Dietary Supplements, Medical Nutrition, Infant Nutrition, and Food & Beverages), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The manufacturing, development, innovation, and distribution/sales of nutritional products, including supplements, are at the center of the worldwide human nutrition market. The process by which humans absorb and assimilate the nutrients required for life is known as human nutrition, and it is a well-established science of food and its relationship to health. The chemical substances that are taken out of food and needed for a person's diet are called nutrients. In addition to being crucial for many fundamental life functions, such as promoting growth and development, supplying energy, and regulating body processes, nutrients are required for leading a healthy life. Additionally, the market for human nutrition is expanding as a result of rising consumer knowledge of fortified food items and healthy food substitutes. Compared to emerging or impoverished nations, industrialized economies have more disposable income. Individuals with more disposable means are able to select the diet that best suits their tastes and medical needs. One of the elements driving the market expansion for human nutrition is the increase in disposable income. However, the market for human nutrition is expected to be hampered by the strict laws and regulations governing the claim of health advantages and their labeling.
The probiotics segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on type, the global human nutrition market is categorized as vitamins, proteins & amino acids, and probiotics. Among these, the probiotics segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Probiotics contain beneficial bacteria that support the human body's continued health and optimal operation. This helpful bacterium helps humans in many ways, such as eliminating dangerous germs when they are present in excess and enhancing general health.
The dietary supplements segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the global human nutrition market is categorized as functional nutrients, dietary supplements, medical nutrition, infant nutrition, and food & beverages. Among these, the swine feed segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Dietary supplements bridge the dietary gaps in the regular diet and enhance consumers' general health. As customers' incomes rise and their health consciousness grows, human nutrition items such as nutritional supplements are becoming more and more popular.
North America is projected to hold the largest share of the global human nutrition market over the forecast period.
North America is projected to hold the largest share of the global human nutrition market over the forecast period. The region's high rate of chronic conditions, such as diabetes, cancer, high blood pressure, heart disease, stroke, respiratory disorders, rheumatoid arthritis, obesity, and oral diseases, along with the increased focus on healthy lifestyles, have been contributing to the expansion of the human nutrition market in North America. Additionally, the North American industry is growing because consumers are willing to purchase high-end nutrition-based goods for their health benefits.
Asia Pacific is expected to grow at the fastest CAGR growth of the global human nutrition market during the forecast period. The rapid population growth and urbanization, rising disposable income and rising standards of living, and growing emphasis on eating a healthy diet are subject to propel the growth of the market during the forecast period. In addition, the growing knowledge of the health advantages of nutritional supplements are all factors that are contributing to the region's rapid growth.
Competitive Analysis
Major vendors in the global human nutrition market are Hansen Holding A/S, USANA Health Science, Inc., Pharmavite LLC., Nestle S.A., Kerry Group PLC, Glanbia PLC., Corbion N.V., ADM, Bayer Health Care AG, Amway Corp, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global human nutrition market based on the below-mentioned segments:
Global Human Nutrition Market, By Type
- Vitamins
- Proteins & Amino Acids
- Probiotics
- Others
Global Human Nutrition Market, By Application
- Functional Nutrients
- Dietary Supplements
- Medical Nutrition
- Infant Nutrition
- Food & Beverages
Global Human Nutrition Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa