The global nutritional food and drink market is anticipated to reach $320.7 billion by 2032, growing from $105.3 billion in 2022 at a CAGR of 12.1% from 2023 to 2032.
Nutritional foods and beverages provide the body with the nutrients, vitamins, minerals, and energy needed for optimal performance and wellness. These products have been specifically selected and designed to provide a complete and balanced diet. Nutritional meals and drinks are intended to support the body’s growth, maintenance, and recovery processes and are often classified into groups based on their nutritional content such as macronutrients, micronutrients, fiber, and antioxidants.
Consumers have greater disposable income as the global middle class expands and salaries rises. Therefore, spending on health & wellness products, such as nutritional foods & beverages, has increased. Higher-income individuals frequently emphasize their health and are ready to invest on products that promote a healthy lifestyle. As modern lifestyles get busier and faster, there is a greater desire for convenient and healthful food & beverage options. Many people in today’s fast-paced culture may struggle to maintain a balanced diet due to time constraints and reliance on processed and unhealthy foods. Nutritional foods and beverages provide the solution by providing a convenient way to obtain essential nutrients. They can fill in the gaps in people’s diets, ensuring they get the vitamins, minerals, and macronutrients they need. All these factors are anticipated to drive the nutrition food & drink market growth during the forecast period.
The market growth is limited by the requirement for regulatory approval. All products need to go through a rigorous approval procedure from numerous national authorities that analyze the safety and efficacy of the components before being launched in the market. Several nations have strong restrictions limiting advertising and product labelling, preventing the business from developing. To regulate the market, the Nutrition Labelling and Education Act (NLEA), which updated the FD&C Act, requires that most foods are labelled with nutrition information and that food labels containing claims about the nutrient content of certain foods.
The growth of the sports and fitness industry has created a profitable potential for the nutritional food and beverage business. The emphasis on nutrition has grown in tandem with the industry expansion. The increased number of sporting events throughout the world has highlighted the importance of eating fiber foods. Furthermore, as chronic diseases have grown more prevalent, individuals throughout the world have become more concerned about their health and, as a result, are adopting a healthier lifestyle. Therefore, fitness enthusiasts and athletes are increasingly interested in plant and animal-based protein supplements, which aid in digestion. Therefore, high-end supplements necessitate nutritious components, driving the nutritional food and drink market expansion.
The COVID-19 pandemic had a tremendous influence on growth of the nutrition food and drink market. The pandemic led to an increase in people's desire to live a healthy lifestyle. However, the market experienced a major drop in sales at the start of COVID-19, due to the closure of gyms and fitness clubs, as well as the suspension of sporting activities. Furthermore, lower income caused consumers to avoid non-essential expenditure, hampering the industrial growth.
The key players profiled in this report include Nestle, Abbott, Bayer AG, DUPONT, Amway, Health Food Manufacturers’ Association, Glanbia Plc, Bionova, GSK plc, and Herbalife International of America, Inc.. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Nutritional foods and beverages provide the body with the nutrients, vitamins, minerals, and energy needed for optimal performance and wellness. These products have been specifically selected and designed to provide a complete and balanced diet. Nutritional meals and drinks are intended to support the body’s growth, maintenance, and recovery processes and are often classified into groups based on their nutritional content such as macronutrients, micronutrients, fiber, and antioxidants.
Consumers have greater disposable income as the global middle class expands and salaries rises. Therefore, spending on health & wellness products, such as nutritional foods & beverages, has increased. Higher-income individuals frequently emphasize their health and are ready to invest on products that promote a healthy lifestyle. As modern lifestyles get busier and faster, there is a greater desire for convenient and healthful food & beverage options. Many people in today’s fast-paced culture may struggle to maintain a balanced diet due to time constraints and reliance on processed and unhealthy foods. Nutritional foods and beverages provide the solution by providing a convenient way to obtain essential nutrients. They can fill in the gaps in people’s diets, ensuring they get the vitamins, minerals, and macronutrients they need. All these factors are anticipated to drive the nutrition food & drink market growth during the forecast period.
The market growth is limited by the requirement for regulatory approval. All products need to go through a rigorous approval procedure from numerous national authorities that analyze the safety and efficacy of the components before being launched in the market. Several nations have strong restrictions limiting advertising and product labelling, preventing the business from developing. To regulate the market, the Nutrition Labelling and Education Act (NLEA), which updated the FD&C Act, requires that most foods are labelled with nutrition information and that food labels containing claims about the nutrient content of certain foods.
The growth of the sports and fitness industry has created a profitable potential for the nutritional food and beverage business. The emphasis on nutrition has grown in tandem with the industry expansion. The increased number of sporting events throughout the world has highlighted the importance of eating fiber foods. Furthermore, as chronic diseases have grown more prevalent, individuals throughout the world have become more concerned about their health and, as a result, are adopting a healthier lifestyle. Therefore, fitness enthusiasts and athletes are increasingly interested in plant and animal-based protein supplements, which aid in digestion. Therefore, high-end supplements necessitate nutritious components, driving the nutritional food and drink market expansion.
The COVID-19 pandemic had a tremendous influence on growth of the nutrition food and drink market. The pandemic led to an increase in people's desire to live a healthy lifestyle. However, the market experienced a major drop in sales at the start of COVID-19, due to the closure of gyms and fitness clubs, as well as the suspension of sporting activities. Furthermore, lower income caused consumers to avoid non-essential expenditure, hampering the industrial growth.
The key players profiled in this report include Nestle, Abbott, Bayer AG, DUPONT, Amway, Health Food Manufacturers’ Association, Glanbia Plc, Bionova, GSK plc, and Herbalife International of America, Inc.. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nutritional food and drink market analysis from 2022 to 2032 to identify the prevailing nutritional food and drink 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 food and drink 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 food and drink market trends, key players, market segments, application areas, and market growth strategies.
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- SWOT Analysis
Key Market Segments
By Type
- FOOD
- FOOD
- Sugar and Fat Replacers
- Fiber-Enriched Products
- Nutritional Supplements
- Others
- DRINK
- DRINK
- Energy Drinks
- Flavored and Enhanced Waters
- Juices
- Others
By APPLICATION
- Healthcare
- Sports and Fitness
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Switzerland
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
- Nestle
- Abbott
- Bayer AG
- DUPONT
- Amway
- Health Food Manufacturers’ Association
- Glanbia Plc
- Bionova
- GSK plc
- Herbalife International of America, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NUTRITIONAL FOOD AND DRINK MARKET, BY TYPE
CHAPTER 5: NUTRITIONAL FOOD AND DRINK MARKET, BY APPLICATION
CHAPTER 6: NUTRITIONAL FOOD AND DRINK MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Nestle
- Abbott
- Bayer AG
- DUPONT
- Amway
- Health Food Manufacturers’ Association
- Glanbia Plc
- Bionova
- GSK plc
- Herbalife International of America, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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