(Entertainment-NewsWire.com, June 06, 2018 ) 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. Nutrition analysis refers to the process of determining the nutritional content of food. Nutritional analysis involves two ways to calculate the nutritional content of a food sample; chemically, and by calculation. Nutritional analysis has been increasing in the global market due to the rise in consumer awareness, implementation of food safety and nutritional labeling regulations, globalization of food trade, and advancement in technology.
The global 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.
Based on product type, the nutritional analysis market is segmented into beverages, snacks, bakery & confectionery, meat & poultry, sauces, dressings, and condiments, dairy & desserts, fruits & vegetables, edible fats & oils, baby food, and others. The beverages segment dominated the market owing to its increase in consumption, development of various new products, and wider availability. The beverages segment accounted for the largest market share in 2016 as beverages in many forms are being consumed in most of the countries across the world.
The global 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.
The North American region dominated the market and accounted for the largest share, in the global nutritional analysis market, in 2016. Factors such as a stringent food nutrition labeling regulations, increase in consumer awareness regarding nutritional labeling, and increase in use of nutrition claims as a marketing strategy by food manufacturers are driving the growth of the nutritional analysis market in the region.
Furthermore, the market will witness rapid growth in developing the regions such as Asia-Pacific, Africa/Middle East, Eastern Europe, and Central & South America due to changing policies related to food nutrition and product labeling.
Developing regions lack organization, sophistication, and the required technologies for food nutrition testing. The infrastructure of food analysis laboratories in developing countries is likely to be scant due to limited resources, limited technology, and poor management. Issues such as lack of institutional coordination, outdated technology, and absence of expertise for the execution of regulations at low levels, equipment, and updated standards have been constraining the market for nutritional analysis.
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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