Nutritional Analysis Market in Asia-Pacific is expected to Witness High Growth in the Near Future
Posted: Apr 12, 2019
The nutritional analysis market has been segmented on the basis of parameter, product type, objective, and region. On the basis of type of parameter, the market has been segmented into vitamin profile, proteins, fat profile, sugar profile, total dietary fiber, mineral profile, cholesterol, calories, moisture, and others. On the basis of product type, the market mainly focuses on beverages, snacks, bakery & confectionery, meat & poultry, sauces, dressings, and condiments, dairy & desserts, fruits & vegetables, edible fats & oils, and baby food.
On the basis of objective, the market has been segmented into new product development, labeling and regulatory compliance. On the basis of key regions, the market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
The sugar profile segment is projected to be the fastest-growing application, during the review period owing to various health related concerns. Sugar and sugar substitute contents in the product must be analyzed and the nutrient label should be mentioned accurately so that the consumers who are suffering from illnesses such as diabetes or are health conscious can select the right product.
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Furthermore, according to the report published by the WHO, per capita caloric intake from sugar-sweetened beverages went from 50 calories in 1965 to over 250 calories in 2012, creating immense potential for the nutritional analysis market specifically for the accuracy of the estimates for total sugar listed on food labels.
On the basis of product, the beverages segment is projected to grow at the highest CAGR. The beverage industry is growing with the innovation of products such as energy drinks, vitamin fortified water, anti-aging water, and sports drinks. On the other hand, the beverage industry is witnessing challenges such as the compositional quality and safety to be monitored in order to track contamination, adulteration, product consistency, and to ensure regulatory compliance from raw ingredients to the finished product.
The Asia-Pacific region is projected to be the fastest-growing among regions, which includes India, China, Japan, and Australia, between 2017 and 2022. The market for nutritional analysis in Asia-Pacific region is growing due to various rules and guidelines implemented by different countries. Advancements in technology, industrialization, and improvement in living standards have been essential factors for the increase in demand for nutritional analysis in the region. Companies such as Eurofins Scientific SE (Luxembourg), SGS S.A. (Switzerland), and Bureau Veritas S.A. (France) are some of the major participants in the nutritional analysis market.
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With the continuous introduction of new products claiming nutrition & health benefits, the development of the food market has presented new opportunities for nutritional analysis service providers. Also, increasing food trade and export & import across borders in emerging markets has been a key opportunity for the nutritional analysis market.
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