Global Nutritional Analysis Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 7.8% through 2020 to 2026, reaching nearly US$ 8.22 Bn.
Global Nutritional Analysis Market Overview:
Nutrition analysis is the process of congesting food along with enabling bio-synthesizing, catabolism, excretion, assimilation and absorption. Nutrition analysis ensures improvement and security of food quality.
Global Nutritional Analysis Market
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Nutritional analysis is mostly applied in the retail packaging food sector in the form of nutrition fact menu and panel labelling. Varying food label policies are compelling market players to adopt nutritional analysis, which is projected to drive revenue growth of the global nutritional analysis market. Stringent government regulations related to food safety and superior quality are supporting the growth of the global nutritional analysis market. Such as, in Dec 2017 the Indian Comptroller and Auditor General released an audit report on the “Implementation of Food Safety & Standards Act, 2006”. In the U.S., nutrition information is required on retail packaging food in the form of nutrition facts panels because of strict food labelling regulations.
On the flip side, the lack of nutritional labelling in many emerging economies and time-consuming & high-cost process is expected to hamper the overall growth of the global nutritional analysis market.
Global Nutritional Analysis Market Segmentation:
The MMR report covers all segments in the global nutritional analysis market such as parameter, product type, and objective. Based on the objective, the product labeling segment dominated the market, with a market size of US$ XX Bn. in 2019 thanks to the growing demand for the superior quality of food & beverages from customers.
By parameter, the vitamin profile segment held the largest market share of XX%, with market size of US$ XX Bn. in 2019. The rising demand for vitamin supplements owing to the developing health-conscious population is expected to fuel revenue growth of the nutritional analysis segment.
Among the product, the beverages segment is estimated to account for XX% of the total market share in 2020 and is expected to grow at the highest CAGR of 8.59% during the forecast period. This growth is attributed to the rising number of products such as vitamin-fortified water, energy drinks, anti-ageing water, and others.
Global Nutritional Analysis Market Regional Analysis:
North America is the global leader in the nutritional analysis market. In 2019, it accounted for around 42% of the market share. The major factors responsible for the growth of the North American nutritional analysis market are growing consumer awareness regarding nutritional labeling, and stringent food nutrition labeling regulations.
Asia-Pacific region is expected to hold the largest XX% growth rate during 2020-2026 thanks to the implementation of stringent regulations, coupled with the growing need for nutritional labeling of products to promote products as healthy to eat in economies in APAC.
Global Nutritional Analysis Market
Global Nutritional Analysis Market Country-Wise Analysis:
The global Nutritional Analysis market in the U.S. is expected at US$ XX.34 Bn. in 2020. However, China is the world's second-largest economy, is forecast to reach an expected market size of US$ XX.78 Bn. by 2026. Among the other notable geographic markets are Canada and Japan, each forecast to grow at XX.37% and XX.71% respectively during 2020-2026. Across Europe, Germany is estimated to grow at nearly XX.55% CAGR.
Global Nutritional Analysis Market Competitive Landscape:
The global market for nutritional analysis includes various key players as well as entry-level players. New entrants in the nutritional analysis market are estimated to leverage revenue opportunities by investing in R&D of innovative and cost-effective technologies.
The MMR report also focuses on global major leading industry players of the global market for nutritional analysis providing information such as company profiles, cost, production, and revenue.
The objective of the report is to present a comprehensive analysis of the Global Nutritional Analysis Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Nutritional Analysis Market dynamics, structure by analyzing the market segments and project the Global Nutritional Analysis Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Nutritional Analysis Market make the report investor’s guide.
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Global Nutritional Analysis Market Details
Global Nutritional Analysis Market, by Region
• North America
• Middle East& Africa
• South America
Global Nutritional Analysis Market Key players
• ALS Limited
• AsureQuality services
• AWTA Ltd
• Bureau Veritas
• Dairy Technical Services Limited
• DTS Food Laboratories
• Eurofins Scientific
• Food Lab, Inc.
• Intertek Group plc
• Merieux NutriSciences Corporation
• Microbac Laboratories, Inc.
• Nutritional Information Solutions
• SGS SA
• Thermo Fisher Scientific Inc.
• TUV Nord Group
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