Human Nutrition Market Size, Share, Growth Analysis, By Type(Vitamins, Minerals, Carotenoids, Probiotics), By Application(Dietary Nutrition, Functional Nutrients, Sports Nutrition, Infant Nutrition), By Population(Podiatric Population, Adult Population, Maternal Population, Athlete Population), By Distribution Channel(OTC, Prescription), By Region - Industry Forecast 2024-2031

Human Nutrition Market Driver

The Rise Of Higher-Income Middle Class In Emerging Markets

• The rise of a high-income middle class in emerging markets is expected to drive the growth of the global human nutrition market. By the end of 2018, there were 679 million middle-class households in emerging countries, a figure that is expected to expand by 2.7% by 2030. In comparison, the number of middle-class households in developed countries was 176 million in 2018 and is expected to increase by 6.3% by 2030. Between 2019 and 2030, the number of households in developing countries with an annual disposable income of USD45,000-100,000 Purchasing power parity (PPP) is expected to rise by 5.6% per year on average, far outpacing the 1.2% annual growth expected for the total number of households. Their spending is expected to rise at a 6.9% annual rate in real terms through 2030, outpacing the 1.9% annual real spending growth forecast for households earning USD15,000-45000 (PPP).

Human Nutrition Market Restraint

The Financial Costs Of Addressing Poor Diets And Malnutrition Have Risen While Resources Are Falling, Limiting The Growth Of the Global Human Nutrition Market

• The economic downturn caused by the Covid-19 pandemic, alongside disrupted food and health systems, threatens to significantly increase malnutrition in low- and middle-income countries. Nutrition-specific financing needs for select maternal, infant, and young child global targets have increased from previous estimates of USD 7 billion/year for 2016-2025 to USD 10.8 billion/year for 2022-2030; accounting for nutrition-sensitive needs across the entire range of SDG 2 targets (aims to end hunger and all forms of malnutrition by 2030), total needs are estimated at USD 3950 billion per year