Nutritional Analysis Global Market Report 2024

Nutritional analysis involves the systematic estimation of calorie, macronutrient, and micronutrient content within a meal, enabling a detailed and accurate determination of the component nutrients present in any food item. Conducting a nutritional analysis for manufactured or sold food items is crucial for ensuring compliance with diverse national and international regulations governing food products. This process ensures that food items meet established standards and guidelines, contributing to transparency, accurate labeling, and overall consumer well-being.

Key nutritional analysis parameters encompass the vitamin profile, mineral profile, total dietary fiber, fat profile, sugar profile, calories, cholesterol, moisture, and various other parameters. The vitamin profile specifically serves to monitor and analyze the levels of vitamins present in diverse food products. Nutritional analysis is applied across a range of product types, including beverages, snacks, bakery and confectionery items, meat and poultry products, sauces, dressings, and condiments, dairy and desserts, fruits and vegetables, edible fats and oils, baby foods, as well as other product types. The overarching objectives of conducting nutritional analysis are oriented towards new product development, accurate product labeling, and compliance with regulatory standards. By systematically assessing and quantifying nutritional components, this analysis serves as a foundation for informed decision-making in the food industry, ensuring that products align with nutritional goals, regulations, and consumer expectations.

The nutritional analysis market research report is one of a series of new reports from The Business Research Company that provides nutritional analysis market statistics, including global market size, regional shares, competitors with nutritional analysis market share, detailed nutritional analysis market segments, market trends and opportunities, and any further data you may need to thrive in the nutritional analysis industry. This nutritional analysis market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The nutritional analysis market size has grown strongly in recent years. It will grow from $5.56 billion in 2023 to $5.97 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. Historical growth can be attributed to the increase in diet-related diseases, consumer demand for transparency, advancements in scientific research and nutrition studies, as well as the effects of globalization leading to diverse dietary patterns.

The nutritional analysis market size is expected to see strong growth in the next few years. It will grow to $8.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. Anticipated growth in the forecast period stems from e-commerce, food transparency, expanding functional foods, sustainability trends, allergen detection demand, and labeling regulations. Major upcoming trends include consumer-generated data, holistic health focus, quantified self movement, precision nutrition, and nutrigenomics advancements.

The anticipated growth of the nutritional analysis market is propelled by increasing consumer awareness and a shift in preferences towards consuming healthier food options. Nutritional analysis plays a crucial role in understanding the chemical composition, processing, quality control, and contamination of food, ensuring a wholesome and healthful food intake. A balanced and nutritious diet not only safeguards against various forms of malnutrition but also provides protection against non-communicable diseases (NCDs) such as heart disease, diabetes, stroke, and cancer. A notable illustration of this trend is evident in a January 2022 survey report published by Nutrisystem, a US-based provider of weight loss products. Among 2,000 participants surveyed, 53% expressed their goal for 2022 as weight loss, with an average target of shedding 14 pounds. This data underscores the heightened consumer focus on health and wellness, driving a demand for nutritional analysis to make informed dietary choices. The increasing awareness and evolving preferences towards healthier food options are key factors fueling the growth of the nutritional analysis market.

The increasing prevalence of chronic diseases is anticipated to drive the growth of the nutritional analysis market in the foreseeable future. Chronic diseases, characterized by long-term medical conditions with a gradual and persistent progression, pose significant health challenges. Nutritional analysis plays a pivotal role in addressing chronic diseases by identifying dietary patterns and nutrient deficiencies. This enables targeted interventions to improve health outcomes and potentially reduce healthcare costs associated with managing chronic conditions. Illustrating this trend, research published by the American Cancer Society, a US-based health organization, in January 2022 highlighted the anticipation of 609,360 cancer deaths and 1.9 million new cancer cases in the US. With approximately 1,670 fatalities each day, the rising cases of chronic diseases, including cancer, underscore the importance of nutritional analysis in shaping dietary interventions for improved health outcomes. The nutritional analysis market is positioned to grow as a valuable tool in the comprehensive approach to managing and mitigating the impact of chronic diseases.

Prominent companies in the nutritional analysis market are actively leveraging advanced technologies, such as nutrition label assessment tools, as part of their strategic initiatives to expand customer reach, drive sales, and enhance overall revenue. A nutrition label assessment tool refers to software or applications specifically designed for the analysis and interpretation of nutritional information found on food product labels. An illustrative example is Kerry Group PLC, an Ireland-based food company, which introduced KerryNutri Guide in December 2022. This innovative tool stands out for its capability to evaluate a diverse range of foods and beverages against multiple front-of-pack nutrition labeling systems. KerryNutri Guide provides users with guidance to achieve improved scores, supporting brands by assessing products against over 10 global nutrient profile models. Offering insights into nutritional scores and recommendations for enhancement, this online tool calculates energy, saturated fat, sugar, fiber, protein, and salt content based on user-entered data. The program plays a pivotal role in assessing the impact of packaged foods on end consumers, highlighting areas that may approach or surpass regulatory or dietary thresholds. This strategic integration of advanced technologies underscores the commitment of major market players to innovation and customer-centric solutions.

Prominent companies in the nutritional analysis market are actively pursuing the development of advanced technologies, including comprehensive nutrition analysis platforms, as part of their strategic initiatives to cater to larger customer bases, drive sales, and boost overall revenue. A nutrition analysis platform is an integrated software or online service designed to analyze and evaluate the nutritional content of food and beverages. A noteworthy example is Trustwell, a US-based provider of software solutions for food manufacturers, which introduced Genesis Foods in April 2023. This Software as a Service (SaaS) product stands out for its streamlined user interface, enabling rapid and intuitive product formulation and data entry. The innovation focuses on regulatory compliance through built-in data checks and alerts, automating complex labeling calculations for accurate presentation of nutritional information, ingredients, and allergens on FDA Nutrition Facts labels. Trustwell's software not only simplifies food labeling processes but also empowers food companies to efficiently create new product formulations within minutes and make real-time updates to existing recipes. This enhancement in efficiency and adaptability addresses the dynamic landscape of the food industry, reflecting the industry's commitment to leveraging advanced technologies for improved productivity and compliance.

In July 2021, the US-based private equity firm Warburg Pincus successfully acquired Food Safety Net Services for an undisclosed sum. This strategic acquisition solidifies Warburg Pincus' standing as a prominent North American platform provider of testing and regulatory consulting services. Food Safety Net Services, a biotechnology firm based in the US, specializes in microbiological and chemical analysis, aligning well with Warburg Pincus' strategic vision for expansion and leadership in the industry.

Major companies operating in the nutritional analysis market report are Thermo Fisher Scientific Inc., LabCorp Corporation, Quest Diagnostics Incorporated, SGS SA, Eurofins Scientific SA, Bureau Veritas SA, Intertek Group PLC, Covance Inc., QIAGEN N.V., AsureQuality Limited, Microbac Laboratories Inc., Genova Diagnostics Inc., Merieux NutriSciences Corporation, AWTA Ltd., Metametrix Inc., Cell Science Inc., Gujarat Laboratories Ltd., Doctor's Data Inc., MenuSano, NutriData, ALS Limited, TUV NORD GROUP, Dairy Technical Services Limited, Food Lab Inc., Nutritional Information Solutions, Nettnutrition, Food Consulting Company, Friedman Health LLC, Nutrition Research Center Inc., Health Diagnostics Laboratory Inc., Nutrigenomics Inc., Health Labs Inc., PathGroup Inc.

North America was the largest region in the nutritional analysis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nutritional analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the nutritional analysis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The nutritional analysis market includes revenues earned by entities by providing products and services used to determine the nutritional content of foods and food products. Nutritional analysis is used to analyze the nutritional content present in food products and understand the chemical composition, processing, quality control, and contamination of food. The nutritional information includes a range of information such as calories, vitamins, and minerals, thus allowing consumers to make informed purchases. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Nutritional Analysis Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on nutritional analysis market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for nutritional analysis ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The nutritional analysis market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Parameter: Vitamin Profile; Mineral Profile; Total Dietary Fiber; Fat Profile; Sugar Profile; Calories; Cholesterol; Moisture; Other Parameters
• 2) By Product Type: Beverages; Snacks; Bakery and Confectionery; Meat and Poultry; Sauces, Dressings, and Condiments; Dairy and Desserts; Fruits and Vegetables; Edible Fats and Oils; Baby Foods; Other Product Types
• 3) By Objective: New Product Development; Product Labeling; Regulatory Compliance
• Companies Mentioned: Thermo Fisher Scientific Inc.; LabCorp Corporation; Quest Diagnostics Incorporated; SGS SA; Eurofins Scientific SA
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.