PUBLISHER: 360iResearch | PRODUCT CODE: 1415391
PUBLISHER: 360iResearch | PRODUCT CODE: 1415391
[194 Pages Report] The Elderly Nutrition Powder Market size was estimated at USD 2.80 billion in 2023 and expected to reach USD 3.04 billion in 2024, at a CAGR 9.32% to reach USD 5.23 billion by 2030.
Global Elderly Nutrition Powder Market
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 2.80 billion |
Estimated Year [2024] | USD 3.04 billion |
Forecast Year [2030] | USD 5.23 billion |
CAGR (%) | 9.32% |
Elderly nutrition powder refers to a specialized dietary supplement formulated to meet particular nutritional requirements, offering a balanced mix of vitamins, minerals, dietary fiber, protein, and other nutrients that are essential for maintaining the health and well-being of elderly adults. These powders may come in various flavors and can be mixed with liquids for easy consumption. They are often recommended for elderly individuals who have difficulty consuming solid food, have increased nutritional needs, or are at risk for nutrient deficiencies. The growth in the elderly nutrition powder market is driven by an expanding elderly population, heightened wellness consciousness among this group, the ubiquity of chronic age-related conditions, and continuous improvements in nutrition science. Growth deterrents such as steep pricing, awareness deficits regarding product benefits, taste preferences, and complex regulatory milieu pose significant challenges for the global elderly nutrition powder market. Technological advances and the burgeoning healthcare segment pave the way for market opportunities, whereas accessibility is being revolutionized through digital commerce. Embracing advanced production and packaging further aligns with sustainability trends, potentially capturing the eco-conscious segment within this market.
Regional Insights
The elderly nutrition powder market in the Americas is experiencing steady growth, with North America contributing majorly due to a significant aging population and increasing health awareness among seniors. The market is also supported by robust healthcare infrastructure and high purchasing power, allowing for greater expenditure on health products like nutrition powders. In Europe, the Middle East, and Africa (EMEA), the market dynamics vary significantly by region. Europe represents a strong growth with advanced healthcare systems and a higher prevalence of diet-conscious populations. The Middle East shows considerable growth with increasing disposable income, while Africa's market is still nascent with untapped potential amid growing awareness of elderly nutrition. The Asia-Pacific (APAC) region is expected to be the fastest-growing market for elderly nutrition powders, with factors such as rapidly aging populations in countries including Japan and China, increasing disposable incomes, and shifting cultural attitudes towards dietary supplements. Additionally, governmental initiatives to promote healthy aging and the rise of local players in the nutrition space are further accelerating market growth in this region.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Elderly Nutrition Powder Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Elderly Nutrition Powder Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Elderly Nutrition Powder Market, highlighting leading vendors and their innovative profiles. These include AAK AB, Abbott Laboratories, AbbVie Inc., Amway Corporation, Apollo Pharmacy, Baxter International Inc., Dr. Reddy's Laboratories Ltd., Fresenius Kabi AG, GlaxoSmithKline PLC, Herbalife International of America, Inc., Meiji Holdings Co., Ltd., Natures Velvet, Nature's Sunshine Products, Inc., Nestle S.A., Nutricia International Private Limited, Otsuka Pharmaceuticals Co., Ltd., Pfizer Inc., Plantigo Nutrition Private Limited, Reckitt Benckiser Group PLC, Seven Turns Pvt Ltd., Sun Pharmaceutical Industries Limited, Svaas Wellness Limited, Terry Naturally Vitamins by Europharma, Unilever PLC, and Valio Ltd..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Elderly Nutrition Powder Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Elderly Nutrition Powder Market?
3. What are the technology trends and regulatory frameworks in the Elderly Nutrition Powder Market?
4. What is the market share of the leading vendors in the Elderly Nutrition Powder Market?
5. Which modes and strategic moves are suitable for entering the Elderly Nutrition Powder Market?