Elderly nutrition market projected to exceed USD 30.64 billion by 2030 at a CAGR of 6.5%

The geriatric nutrition market is growing due to the rising prevalence of chronic diseases among the elderly, driving the industry

NEW YORK, May 7, 2024 (GLOBE NEWSWIRE) — Market overview:

global Elderly nutrition marketwas valued at USD 17.4 billion in 2021 and is expected to grow significantly. With an estimated revenue of USD 30.64 billion by 2030, its CAGR from 2022 to 2030 is expected to be 6.5%. This expected growth presents lucrative opportunities for investors and points to solid and sustainable market trends.

The term geriatric nutrition market refers to the dietary habits and factors specific to the physiological, metabolic, and health requirements of people over the age of 65. Nutrition is especially important for this group of people. Because aging is associated with several changes that can affect food intake and nutritional needs. Eating a varied and nutritious diet is predicted to reduce the likelihood that older adults will develop chronic diseases, including high blood pressure, diabetes, heart disease, osteoporosis, arthritis, obesity, and some types of cancer. As a result, the demand for the elderly nutrition market is increasing.

Additionally, older people typically need fewer calories. Nutritional products for the elderly consist of vitamins, minerals, proteins, fiber, fats, and other necessary nutrients that control body functions and boost immunity.

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Key market players:

Scope of the Elderly Nutrition Market:

Key takeaways from the report:

• Aging population, increasing knowledge about the value of nutrition for good aging, and increasing incidence of chronic diseases in the elderly are the major drivers of the market.

• The segmentation of the geriatric nutrition market is mainly based on distribution channel, application, type of nutrition, and region.

• North America is expected to witness significant growth during the forecast period.

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Market dynamics:

Growth drivers:

• The aging population is growing exponentially and is getting less nutrients from their diet, making them more susceptible to many chronic diseases. This is expected to support the expansion of the senior nutrition market throughout the estimated period.

• Obesity, cancer, diabetes, osteoporosis, cardiovascular disease, and dental problems are chronic diseases that are becoming increasingly prevalent. You can prevent these diseases by following your doctor’s advice, getting the care you need, maintaining a healthy diet, and exercising regularly.

trend:

assignment:

• The growth of the geriatric nutrition market is expected to be restrained throughout the forecast period due to issues such as lack of funding and risks associated with parenteral geriatric nutrition therapy such as liver dysfunction and refeeding syndrome.

Regional analysis:

Due to the increasing prevalence of chronic lung diseases in North America, it is expected to remain at the top of the global geriatric nutrition market during the forecast period. Additionally, advancements in advanced treatments in North America are driving the growth of the geriatric nutrition market.

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Market segmentation:

Outlook by nutritional type:

• mineral

• multivitamin

• fiber

• lipid

• Antioxidant

• iron

• protein

• others

By application Outlook:

• obesity

• Diabetes

• kidney failure

• cancer

• sarcopenia

• others

Outlook by distribution channel:

• pharmaceutical retail store

• hospital pharmacy

• online

Regional outlook:

• North America (USA, Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa)

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