Nutritional Analysis Market By Analysis Type (Laboratory Testing, Nutritional Database Testing), By Product Type (Bakery and Confectionery, Snacks, Dairy, Meat Products, Others), By Nutrients (Macronutrients, Micronutrients): Global Opportunity Analysis and Industry Forecast, 2021-2031
The nutritional analysis market was valued at $4,877.1 million in 2021 and is estimated to reach $8,219.1 million by 2031, registering a CAGR of 5.5% from 2022 to 2031. In 2021, the laboratory testing segment accounted for the majority of the total nutritional analysis market. Nutritional analysis is the process of evaluating food and beverages for various elements like proteins, carbohydrates, fats, sodium, vitamins, minerals, and others in order to create nutritional labelling for product packaging.
People's preferences for packaged snacks and confectionary food have boosted demand for pre-packaged snacks, food, and beverages. Furthermore, consumers' hectic work schedules, combined with limited time available to cook meals, are factors driving demand for prepackaged and processed food because they save time and effort. Increased purchasing power and a growing preference for tasty, nutritious food have also boosted prepackaged food and beverage consumption. The increased global consumption of mass-produced food has resulted in a rapid increase in food testing services, resulting in a significant increase in market revenue. Furthermore, ingredient variations in such prepackaged food and beverage products necessitate additional product testing, which drives the nutritional analysis market forward.
The most cost-effective method of nutritional analysis is nutritional database analysis of food and beverage products. Many labs around the world conduct database analysis based on the ingredient list provided by the food product's manufacturer; however, there are several online companies that offer such software to food manufacturers on a subscription basis. There are several such companies that are untrustworthy because their databases are frequently inaccurate and provide inaccurate information about the nutritional analysis of the food. This creates a negative perception of such software, which negatively impacts the nutritional analysis market.
Globally, there has been an increase in the demand for nutritious food. Many food product manufacturers in the developed world are adding additional nutritional components to their products to increase the food's benefits. As a result, the demand for such food products is increasing. Manufacturers are increasingly opting for nutritional analysis of micronutrients to display the additional nutrients in their labels to attract more consumers to highlight the use of fortification in their products. This is increasing demand for micronutrient nutrition analysis, which is providing more growth opportunities to the nutritional analysis market. As living standards and investments in food production rise in developing regions around the world, there is an increased emphasis on the nutritional components of food, leading to an increase in nutritional analysis of food products in the region. Opportunities for market growth are increasing as development in these regions accelerates.
The nutritional analysis market is segmented on the basis of analysis type, product type, nutrient, and region. By analysis type, the nutritional analysis market is classified into laboratory testing and nutritional database testing. According to product type, the market is classified into bakery & confectionery, snacks, dairy, meat products, and others. By nutrient, the market is divided into macronutrients and micronutrients. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and Rest of LAMEA).
Some of the major players analyzed in this report are ALS Limited, Bureau Veritas SA, Compu-Food Analysis, Eurofins Scientific, Food Lab, Inc., Intertek Group PLC, Lifeasible, MENUSANO, Microbac Laboratories, Inc., Opal Research And Analytical Services, Pat-Chem Laboratories LLC, SGS SA, Test Needs Australia, Thermo Fisher Scientific, Inc., and TÜV SÜD.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nutritional analysis market analysis from 2021 to 2031 to identify the prevailing nutritional analysis market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the nutritional analysis market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global nutritional analysis market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Analysis TypeLaboratory Testing
Sub Type
Chemical Analysis
Physical Analysis
Bioanalysis
Nutritional Database Testing
By Product TypeBakery and Confectionery
Snacks
Dairy
Meat Products
Others
By NutrientsMacronutrients
Micronutrients
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
United Arab Emirates
South Africa
Rest of LAMEA
Key Market Players
SGS SA
TUV SUD AG
Eurofins Scientific
Intertek Group plc
Microbac Laboratories, Inc.
Compu-Food Analysis
Pat-Chem Laboratories LLC
ALS Limited
Lifeasible
Opal Research And Analytical Services
Please Note: It will take 7-10 business days to complete the report upon order confirmation.