The global nutritional analysis market is expected 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 changing consumption habits due to the changing lifestyles and increasing demand for convenience foods have been fueling the demand for nutritional analysis of food products. With the continuous introduction of new products claiming nutrition and health benefits, the development of the food industry has presented new opportunities for nutritional analysis service providers. The increasing food trade and export & import across borders in emerging markets has been a key opportunity for the nutritional analysis market. Consumers purchase imported food because it not only meets the safety standards of its country of origin but also passes the nutritional inspection and quarantine in their country. It is estimated that soon, more nutritional standards are expected to be implemented in developing countries such as China and India. It is essential for emerging economies to meet the international standards of nutrition to remain within the food trade supply and to deal with malnutrition issues.
Download PDF brochure: https://www.marketsandmarkets.....com/pdfdownloadNew.a
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.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the nutritional analysis market. It consists of the profiles of leading companies such as SGS SA (Switzerland), Intertek Group Plc (UK), Eurofins Scientific (Luxembourg), Bureau Veritas (France), ALS Limited (Australia), Mérieux NutriSciences (US), Thermo Fisher Scientific (US), AsureQuality Limited (New Zealand), TÜV Nord Group (Germany), and DTS Food Laboratories (France).
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.
Make an Inquiry: https://www.marketsandmarkets.....com/Enquiry_Before_B
The market for nutrition analysis in emerging economies is being linked to the rapid industrialization booming food trade with Europe (free trade agreements) and North America, a high proportion of the population that drives domestic consumption of food & beverages that utilize ****ter quality water and the growing regulatory focus on protecting consumer well-being. These have led to the increasingly stringent enforcement of laws on food & water safety and environment (USDA, FDA).
An increase in industrialization in regions such as Asia Pacific and Africa has increased awareness among people related to food contamination. This, in turn, has resulted in the implementation of numerous food safety acts, which are the key opportunities for the food nutrition analysis market.
