Food Nutritional Analysis Market-Global Industry Trends, Analysis, Growth Prospects, Key Opportunities-Forecasts To 2022
Nutritional analysis market is estimated to be valued at $4.04 billion and estimated to reach $5.99 billion, at a CAGR of 8.2% from 2017 to 2022 with Beverages segment projected to be the fastest-growing segment while Market Led by Asia-Pacific Region
Pune, India – July 6, 2017 /MarketersMedia/ —
The nutritional analysis market is estimated to be valued at USD 4.04 billion in 2017, and is projected to reach USD 5.99 billion by 2022, at a CAGR of 8.2% from 2017 to 2022.The World Health Organization and governments have been taking initiatives to frame nutrition policies ®ulations and to implement them; this is expected to fuel the demand for nutritional analysis in the next five years. Lack of food control infrastructure and nutrition labeling policies is one of the major restraints for the market.
The key players in this market include Eurofins Scientific SE (Luxembourg), SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Thermo Fisher Scientific (U.S.), and AsureQuality Ltd. (New Zealand). Other players include TÜV Nord Group (Germany), DTS Food Laboratories (Australia), and Qiagen Inc. (U.S.). Key players adopted strategic developments such as new service launches, acquisitions, expansions, and investments to capture this emerging market.
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The nutritional analysis market, based on parameter, is segmented into vitamin profile, proteins, fat profile, sugar profile, mineral profile, cholesterol, calories, total dietary fiber, moisture, and others. The demand for nutritional analysis is expected to increase in the next few years due change in international policies related to food nutrition labeling as a result of increase in consumer awareness regarding health and wellness.
The nutritional analysis service is used for analyzing nutritional contents of various food products such as beverages, snacks, bakery &confectionery, meat & poultry, sauces, dressings, and condiments, dairy & desserts, edible fats & oils, fruits & vegetables, and baby food. The beverages segment is estimated to account for the largest share in 2016. To match the increasing demand for beverages, the manufactures develop and launch wide range of new beverage products, which in turn has increased the demand for nutritional analysis for product testing and nutrition labeling.
The nutritional analysis market, by objective, is segmented into new product development, product labeling, and regulatory compliance. The product labeling segment dominated the market in 2016 as nutrition labeling policies are changing across the world, and manufacturers are required to follow the guidelines to sell their products in the market.
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The Asia-pacific region is projected to be the fastest-growing market for nutritional analysis. Growth in this region is driven by various rules & regulations implemented by different countries. Food security standards are getting stringent year-on-year to ensure safer supply of food to individuals in local and foreign countries. Governments have put various regulations related to food nutrition labeling in place for consumers, producers, and regulators.
The nutritional analysis market is dominated by key players such as Eurofins Scientific SE (Luxembourg), SGS S.A. (Switzerland), and Bureau Verit as S.A. (France).
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