The global elderly nutrition market is valued approximately at USD 12.07 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 9.32% over the forecast period 2024-2032. Elderly nutrition encompasses dietary practices and considerations specifically tailored to meet the unique physiological, metabolic, and medical needs of individuals aged 65 years and older. As aging is associated with various changes that can impact dietary requirements and food intake, focusing on nutrition is imperative for this demographic. Rising awareness of health and longevity, along with the growing prevalence of chronic diseases associated with old age, underscores the need for enhanced elderly nutrition products. Additionally, changing dietary habits and the influence of medical recommendations contribute significantly to the increased consumption of these products.
The global elderly nutrition market is experiencing robust growth due to several key factors. The increasing awareness of health and longevity, coupled with the growing prevalence of chronic diseases associated with old age, necessitates the need for enhanced elderly nutrition products. Moreover, the influence of changing dietary habits and medical recommendations significantly contributes to the consumption of these products. However, limited awareness and the high cost of elderly nutrition products may impede global sales. Additionally, ongoing research and development aimed at creating innovative products are expected to encourage the adoption of elderly nutrition products by end-users globally.
The key regions considered for the global elderly nutrition market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. In 2023, North America is the largest regional market due to advanced healthcare infrastructure, high disposable income, and a strong presence of food and healthcare companies contributing to developing personalized nutrition for the elderly. The region also benefits from leveraging technologies such as big data and AI to cater to the nutritional needs of the elderly. Europe's market is significantly supported by governmental efforts to promote healthy aging and the nutritional well-being of the elderly. The Asia-Pacific region is expected to witness the fastest growth due to its rapidly aging population and a focus on natural and holistic nutritional approaches.
Major market players included in this report are:
AAK AB
Abbott Laboratories
AbbVie Inc.
Amway Corporation
Baxter International Inc.
Bayer AG
British Biologicals
Danone S.A.
Dr. Reddy's Laboratories
Fresenius Kabi AG
The detailed segments and sub-segment of the market are explained below:
By Type:
Antioxidants
Fibers
Iron
Lipids
Minerals
Multi-Vitamins
Proteins
By Form:
Chewables
Liquid
Powder
Tablets/Capsules
By Indication:
Cancer
Diabetes
Obesity
Renal Failure
Sarcopenia
By Distribution:
Hospitals
Online
Retail Drug Store
By Region:
North America:
U.S.
Canada
Europe:
UK
Germany
France
Spain
Italy
ROE
Asia Pacific:
China
India
Japan
Australia
South Korea
RoAPAC
Latin America:
Brazil
Mexico
Middle East & Africa:
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
