The size of the global market for packaged food and elderly nutrition was estimated at USD 19.67 billion in 2023. From 2024 to 2030, the market is projected to grow at a compound annual growth rate (CAGR) of 7.8%, reaching a total revenue of over USD 33.28 billion.
Elderly Nutrition and Packaged Food Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Elderly Nutrition and Packaged Food Market .The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Elderly Nutrition and Packaged Food Market by thorough analysis, and projections are made up to 2030.
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Elderly Nutrition and Packaged Food Market Scope and Methodology:
This report analyzes the Elderly Nutrition and Packaged Food Market across different regions and detailed segmentation, providing a definition, description, and forecast. It encompasses various important market factors along with comprehensive qualitative and quantitative investigations. This includes reviewing the competitive landscape, competitor profiles, industry analysis, economic implications, important viewpoints, market trends, and market assessment.
The report delves into past data, focusing on different Elderly Nutrition and Packaged Food Market scenarios and conducting a comprehensive evaluation of the factors influencing the market, including drivers, constraints, opportunities, challenges, and future trends. The report thoroughly examines market potential, market dynamics, growth opportunities, segmented markets, geographic scenarios, competition analysis, and predictions with the right methodology and assumptions. The study also involves evaluating the value chain, conducting PESTLE analysis, examining the impact, and conducting PORTER’s analysis.
Elderly Nutrition and Packaged Food Market Regional Insights
The study thoroughly examines the markets in the Middle East, Africa, South America, Asia Pacific, Europe, and North America. Understanding the intricate dynamics of the global Elderly Nutrition and Packaged Food Market is an essential component of the regional analysis provided in the report. The report contains details about the import and export of goods, market size, and growth rate for all countries. Furthermore, the report has also presented an overview of the latest advancements in the international Elderly Nutrition and Packaged Food Market across different countries and regions.
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Elderly Nutrition and Packaged Food Market Segmentation
by Product Type
1.1. Ready-to-Eat Meals
1.2. Nutritional Supplements
1.3. Snacks
1.4. Beverages
1.5. Others
In 2023, the elderly nutrition and packaged food market worldwide was dominated by the offline sector, which had the biggest market share of over 80% based on the distribution channel. Over the course of the projection period, the segment is anticipated to rise at a CAGR of 6.9%. The demand for packaged meals and nutrition goods among the elderly is rising due to the growing number of supermarkets, hypermarkets, and specialty stores in the world, which is propelling the segment's rise.
by Nutrition Type
1.1. Minerals
1.2. Multi-vitamins
1.3. Fibers
1.4. Lipids
1.5. Antioxidants
1.6. Iron
1.7. Proteins
1.8. Others
Over the course of the projected period, the internet segment is anticipated to increase at a considerable CAGR. Customers can shop with freedom and convenience when they shop online. Some of the elements driving the expansion of this market include the extensive product portfolios, simple comparisons, user reviews, suggestions, and discounts that e-commerce websites provide. Online platforms also offer nutritional data, thorough product descriptions, and product content. These features make it possible for customers to get information on the contents, nutritional values, possible allergies, and advantages of particular items for their health. Consequently, during the projection period, these factors support the expansion of the category and propel the growth of the packaged food and elderly nutrition markets.
by Application
1.1. Weight Management
1.2. Obesity
1.3. Diabetes
1.4. Renal Failures
1.5. Cancer
1.6. Sarcopenia
1.7. Others
by End-User
1.1. Offline
1.1.1. Retail Stores
1.1.2. Hospital pharmacy1.2. Online
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Elderly Nutrition and Packaged Food Market Key Players
1. Otsuka Pharmaceuticals (Japan)
2. Baxter International (United States)
3. Allergan (Ireland)
4. Sanofi (France)
5. Wockhardt (India)
6. Fresenius Kabi AG (Germany)
7. Ranbaxy (India)
8. The Kraft Heinz Company (United States)
9. Sichuan Kelun Pharmaceutical Company
10. Nestlé Health Science (Switzerland)
11. Abbott Laboratories (United States)
12. Danone S.A. (France)
13. Pfizer Inc. (United States)
14. GlaxoSmithKline plc (United Kingdom)
15. Hain Celestial Group, Inc. (United States)
16. Herbalife Nutrition Ltd. (United States)
17. Kellogg Company (United States)
18. Amway Corporation (United States)
19. Medifast, Inc. (United States)
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Key questions answered in the Elderly Nutrition and Packaged Food Market are:
- What is Elderly Nutrition and Packaged Food ?
- What is the growth rate of the Elderly Nutrition and Packaged Food Market ?
- What was the Elderly Nutrition and Packaged Food Market size in 2023?
- What are the upcoming opportunities and trends for the Elderly Nutrition and Packaged Food Market ?
- What are the different segments of the Elderly Nutrition and Packaged Food Market ?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Elderly Nutrition and Packaged Food Market ?
- What segments are covered in the Elderly Nutrition and Packaged Food Market ?
- Which are the factors expected to drive the Elderly Nutrition and Packaged Food Market growth?
- What growth strategies are the players considering to increase their presence in Elderly Nutrition and Packaged Food ?
- Who are the leading companies and what are their portfolios in Elderly Nutrition and Packaged Food Market ?
- Who are the key players in the Elderly Nutrition and Packaged Food Market?
- What is the CAGR at which the Elderly Nutrition and Packaged Food Market will grow during the forecast period?
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Key Offerings
- Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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