Leading Nutritional Analysis Product Type Markets Databank
The Nutritional Analysis market was valued at $5,264.1 Million in 2020, and is projected to reach $8,881.2 Million by 2029 growing at a CAGR of 6.04% from 2021 to 2029. Snacks segment is expected to be the highest contributor to this market, with $850.6 Million in 2020, and is anticipated to reach $1,199.9 Million by 2029, registering a CAGR of 3.93%. Bakery and Confectionery segment is anticipated to reach $1,354.3 Million by 2029 with the highest CAGR of 7.47%. Snacks and Beverages segments collectively expected to account for about 30.1% share of the Nutritional Analysis market in 2020, with the former constituting around 16.2% share. Bakery and Confectionery and Edible Fats and Oils segments are expected to witness significant growth rates at a CAGR of 7.47% and 7.40% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 19.7% in the overall Nutritional Analysis market in 2020, and is anticipated to reach 22.2% by 2029.
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