Nutritional Analysis Market worth $7.9 billion by 2026

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food-drinks

Summary

The global nutritional analysis market size is estimated to be valued at USD 5.4 billion in 2021 and projected to reach USD 7.9 billion by 2026, recording a CAGR of 8.3% during the forecast period.

Press Release

The report Nutritional Analysis Market by Parameter, Product Type (Beverages, Bakery & Confectionery, Snacks, Dairy & Desserts, Meat & Poultry, Sauces, Dressings, Condiments, Fruits & Vegetables, Baby Food), Objectives and Region – Forecast Year 2026″, is projected to grow from  USD 5.4 billion in 2021 to USD 7.9 billion by 2026, at a CAGR of 8.3 % from 2021 to 2026. The growth of this market is projected to be driven by the increasing food safety regulations In the view of gaining the trust of target consumers for different types of food products in terms of quality, food safety certification plays an important role.

Vitamin Profile, by parameter,  is estimated to hold the largest market share during the forecast period

Among the key parameters, the vitamin profile segment accounted for the largest share in 2020. The confluence of factors such as the increase in demand for health-oriented food products and the rise in availability of services, specifically catering to the vitamin profile, has altogether driven the segmental growth in terms of sales. However, during the forecast period, the fat profile segment is expected to witness the highest growth rate due to the rise in the number of health-conscious customers striving for fat-free food products.

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Beverages, by product type, is estimated to hold the largest share in the nutritional analysis market during the forecast period

On the basis of product types, the beverages segment accounts for the largest share in 2020. This growth is attributable to the rise in the demand for different formats of beverages globally, specifically functional and fortified beverages, flavored beverages, and other similar beverages. The beverages and snacks segments together accounted for 35% share in the global nutritional analysis market based on product types.

North America  is estimated to hold the largest market share during the forecast period

North America dominated the nutritional analysis market due to the strong R&D, technology innovation, and increased mergers and acquisitions in nutritional analysis in the region. The North American nutritional analysis market has been growing steadily due to cases of foodborne disease outbreaks. The nutritional analysis market here is witnessing dynamic growth due to the increasing concerns related to how food is being processed, fermented, brined, or brewed, which requires proper lab testing. Food labeling is subject to increasingly complex regulations globally. Ensuring food products are correctly labeled according to local, regional, and international laws can be a challenging task. Canada is the fastest-growing country in the North American nutritional analysis market, at a CAGR of 8.9% during the forecast period.