Dublin, Sept. 18, 2023 (GLOBE NEWSWIRE) -- The "Global Elderly Nutrition Market by Type (Antioxidants, Fibers, Iron), Form (Chewables, Liquid, Powder), Indication, Distribution - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Elderly Nutrition Market, with an estimated value of USD 12.07 billion in 2023, is on a trajectory of significant growth, according to a recent market report.
This promising market is projected to expand at a Compound Annual Growth Rate (CAGR) of 9.1% over the forecast period, reaching an impressive USD 22.53 billion by 2030.
Market Segmentation & Coverage:
The comprehensive research report classifies the Global Elderly Nutrition Market into distinct sub-markets to provide insights into revenue forecasts and emerging trends:
- Type: The market encompasses various types of nutritional supplements, including Antioxidants, Fibers, Iron, Lipids, Minerals, Multi-Vitamins, and Proteins. Fibers took the lead with a market share of 21.74% in 2022, closely followed by Multi-Vitamins.
- Form: Elderly nutrition products are available in various forms, such as Chewables, Liquid, Powder, and Tablets/Capsules. Tablets/Capsules dominated with a market share of 27.21% in 2022, while Powder held a significant share as well.
- Indication: The market caters to specific health indications, including Cancer, Diabetes, Obesity, Renal Failure, and Sarcopenia. Diabetes held the largest market share at 22.86% in 2022, followed by Obesity.
- Distribution: Elderly nutrition products are distributed through Hospitals, Online channels, and Retail Drug Stores. Retail Drug Stores claimed the largest market share at 51.26% in 2022, with Hospitals also playing a substantial role.
- Region: The market spans across regions, including the Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas, particularly the United States, and Europe, Middle East & Africa were prominent players in the market, with Europe, Middle East & Africa leading with a market share of 37.12% in 2022.
Key Insights and Questions Answered:
The report addresses critical questions and provides insights on various aspects of the Global Elderly Nutrition Market, including:
- Market size and forecast
- Impact of COVID-19 and other factors shaping the market
- Opportunities for investment in products, segments, applications, and regions
- Competitive strategic windows
- Technology trends and regulatory frameworks
- Market share of leading vendors
- Suitable modes and strategic moves for entering the market
Key Attributes:
- Number of Pages: 188
- Forecast Period: 2023 - 2030
- Estimated Market Value (USD) in 2023: $12.07 Billion
- Forecasted Market Value (USD) by 2030: $22.53 Billion
- Compound Annual Growth Rate: 9.1%
- Regions Covered: Global
Market Dynamics:
The report delves into the market dynamics, highlighting key drivers, restraints, opportunities, and challenges. Drivers include the rise in the geriatric population, growing preference for supplements, and increased availability on eCommerce platforms. On the other hand, low awareness among the elderly population and potential side effects of nutritional supplements pose as restraints, while opportunities lie in the development of micronutrient-rich nutrition and personalized supplements.
Market Statistics:
This report provides market sizing and forecasts in seven major currencies, including USD, EUR, JPY, GBP, AUD, CAD, and CHF. The inclusion of multiple currencies aids organizational leaders in making well-informed decisions. The report considers the years 2018 to 2021 as historical data, 2022 as the base year, 2023 as the estimated year, and the period from 2024 to 2030 as the forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is a crucial tool for evaluating the Global Elderly Nutrition Market. It assesses vendors based on key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions tailored to their specific needs. Vendors are categorized into four distinct quadrants: Forefront (F), Pathfinder (P), Niche (N), or Vital (V), representing varying levels of success.
Market Share Analysis:
The Market Share Analysis offers valuable insights into the current state of vendors in the market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, it provides companies with a comprehensive understanding of their performance and competition within the market. The analysis also highlights the competitive landscape, accumulation trends, fragmentation dominance, and amalgamation traits during the base year studied.
Companies Mentioned
- AAK AB
- Abbott Laboratories
- AbbVie Inc.
- Amway Corporation
- Baxter International Inc.
- Bayer AG
- British Biologicals
- Danone S.A.
- Dr. Reddy's Laboratories
- Fresenius Kabi AG
- GlaxoSmithKline PLC
- Herbalife Nutrition Ltd.
- Koninklijke DSM N.V.
- Meiji Holdings Co., Ltd.
- Nature's Sunshine Products, Inc.
- Nestle S.A.
- Nordic Naturals
- NoW Health Group, Inc.
- Otsuka Pharmaceuticals Co., Ltd.
- RBK Nutraceuticals Pty. Ltd.
- Reckitt Benckiser Group PLC
- Sanofi S.A.
- Sun Pharmaceutical Industries Ltd.
- Terry Naturally Vitamins by Europharma
- Unilever PLC
- Valio Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/iusx7e
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