Nutritional Analysis Market Revenue, Trends, Leading Companies, Analysis, Outlookby Mit K. SEO
According to MarketsandMarkets, the global nutritional analysis market size is estimated to be valued at USD 5.4billion in 2021 and projected to reach USD 7.9billion by 2026, recording a CAGR of 8.3% during the forecast period.
Nutrition analysis refers to the process of determining the nutritional content of food. In nutrition analysis, there are two ways to calculate the nutritional content of a food sample – by chemical analysis and calculation. The chemical analysis must be performed in a lab where food is tested for its exact nutrient content. However, analysis via calculation involves taking data from ingredients that were previously chemically tested and scaling those ingredients to match the amount used in the final food product or recipe.
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FDA requires food manufacturers to display nutrition information on retail food products with Nutrition Fact Panel Labels and the National Menu Labeling Law that requires restaurants to display nutritional information for their menu items. Nutritional analysis has been increasing in the global market due to the rising consumer awareness, the implementation of food safety & nutritional labeling regulations, the globalization of the food trade, and the advancement in technology.
The fat profile segment is the fastest-growing segment by parameter in the nutritional analysis market. The fat analysis is important due to a number of reasons. The qualitative and quantitative analysis of lipids in food is important to ensure accurate nutritional blending to keep track of the product flow & consistency, determine whether the product meets the manufacturing specifications, and stabilize the overall nutrition profile.
By product type, the baby foods segment is projected to witness the highest growth rate in terms of value. Baby food is the most scrutinized and stringently regulated food product in the industry, with carefully curated values and standards to assure the quality of food for infants. The nutrition analysis market for baby foods is projected to grow at the highest rate during the forecast period as parents are increasingly becoming more conscious and careful related to their infants’ food intake.
In terms of geographical coverage, the nutritional analysis market has been segmented into five regions, namely, North America, Asia Pacific, Europe, South America and Rest of the World which includes Africa and the Middle East. Asia Pacific is projected to be the fastest-growing market during the forecast period owing to the government agencies that are making efforts to fight against the harms of poor nutrition arising due to the under or overconsumption of various food products. Agencies are opting for ways to help consumers make healthier food consumption choices. To help consumers identify healthy options from unhealthy ones, food products now have been included with front-of-package labels such as health seals and certifications and back-of-package nutrition content labeling.
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Created on Jul 29th 2021 07:02. Viewed 30 times.