The Asia Pacific Nutritional Analysis Market would witness market growth of 8.4% CAGR during the forecast period (2023-2029).
The acquisition of nutrients through dietary intake is crucial for providing energy and supporting the proper functioning of the human body. Therefore, it is imperative that the nutritional contents of any food product are precisely analyzed and labeled clearly to adhere to regulations and meet the requirements of retailers. The technology aids in developing precise nutritional labels for food items that adhere to regional food regulations by ensuring the precise measurement of nutrient quantities in the food. In addition, nutritional analysis is extremely important for food products that require testing, particularly those that have undergone extensive processing.
These include dressings, frozen food, sausages, snacks, and other similar items that cannot be accurately assessed regarding their nutritional value. As a result, manufacturers must test a wide range of food products to ensure they adhere to the requirements established by the relevant food regulatory bodies. The nutritional analysis market is expanding globally in developed nations owing to this stringent commitment to food testing. Apart from packaged and processed food, extensive nutritional analysis is also done for dairy and meat products.
This is because these foods are nutrient-dense and commonly consumed worldwide in various forms. Because nutritional analysis offers crucial information on allergens as well as additional nutrient values, it is essential for producers of dairy and dairy-based products. Additionally, the consumption of meat and meat-based items is widespread in many nations and nations with greater meat consumption rates, making nutritional analysis of these food products necessary.
The main drivers of regional growth include the fast-expanding food and beverage sector, rising industrialization, and rising governmental and private sector investments. Additionally, The market is being supported by the rise of developing nations as well as the rising population and desire for food labels that include nutritional information. For instance, the Indian food and grocery sector is ranked among the biggest globally, valued at 11.3 trillion USD, by the Indian Brand Equity Foundation (IBEF), with most of its sales coming from retail. As a result, the Asia Pacific region holds a sizable market share for nutritional analysis globally.
The China market dominated the Asia Pacific Nutritional Analysis Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $784.9 Million by 2029. The Japan market is anticipated to grow at a CAGR of 7.8% during (2023 - 2029). Additionally, The India market would exhibit a CAGR of 9.1% during (2023 - 2029).
Based on Analysis Type, the market is segmented into Laboratory Testing and Nutritional Database Testing. Based on Nutrients, the market is segmented into Macronutrients and Micronutrients. Based on Product Type, the market is segmented into Bakery & Confectionery, Dairy, Snacks, Meat Products, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Nutritional Analysis Market is Projected to reach USD 9.2 Billion by 2029, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SGS S.A., TÜV Nord Group, Eurofins Scientific SE, Intertek Group PLC, Microbac Laboratories, Inc., Compu-Food Analysis, Inc., Pat-Chem Laboratories LLC, ALS Limited, Lifeasible, Inc., and Opal Research And Analytical Services.
By Analysis Type
By Nutrients
By Product Type
By Country
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