PUBLISHER: 360iResearch | PRODUCT CODE: 1470557
PUBLISHER: 360iResearch | PRODUCT CODE: 1470557
[191 Pages Report] The Elderly Nutrition Market size was estimated at USD 12.07 billion in 2023 and expected to reach USD 13.11 billion in 2024, at a CAGR 9.32% to reach USD 22.53 billion by 2030.
Elderly nutrition refers to the dietary practices and considerations tailored to meet the unique physiological, metabolic, and medical needs of individuals aged 65 years and older. The focus on nutrition is imperative for this demographic as aging is associated with various changes that can impact dietary requirements and food intake. Rising awareness of health and longevity and the growing prevalence of chronic diseases associated with old age raise the need for enhanced elderly nutrition products. Changing dietary habits and the influence of medical recommendations contribute to the consumption of elderly nutrition products. However, limited awareness and the high cost of elderly nutrition products may impede global sales. Moreover, the research and development for creating innovative products are expected to encourage the adoption of elderly nutrition products by the end-users globally.
KEY MARKET STATISTICS | |
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Base Year [2023] | USD 12.07 billion |
Estimated Year [2024] | USD 13.11 billion |
Forecast Year [2030] | USD 22.53 billion |
CAGR (%) | 9.32% |
Type: Significant penetration of multivitamins elderly nutrition products
Antioxidants such as vitamins A, C, and selenium are vital for elderly people as they combat oxidative stress and may lower the risk of chronic conditions. Products rich in antioxidants can include supplements and functional foods designed to boost the inherent defense system, potentially delaying aging and improving overall immune function. Dietary fibers are essential for digestive health, which tends to decline with age. Fiber supplements or foods fortified with fibers can help prevent constipation, maintain a healthy weight, and lower the risk of heart disease. Soluble and insoluble fibers are essential in elderly nutrition, and products often include natural sources such as psyllium husk, inulin, or beta-glucans. Iron deficiency can concern the elderly, potentially leading to anemia and reduced immune function. Iron supplements and iron-fortified foods are available to ensure that the older population meets their recommended daily intake, thus supporting blood health and overall vitality. Lipids, including omega-3 fatty acids, are crucial for maintaining heart health and cognitive function. As metabolism slows with age, obtaining sufficient healthy fats through supplements such as fish oil or lipid-rich foods becomes increasingly important for preserving cell structure and function. Minerals, including calcium, magnesium, and zinc, play a pivotal role in the health of aging adults. Appropriate intake is necessary to support bone density, nerve function, and the health of the immune system. Products for elderly nutrition include mineral-fortified formulations to prevent deficiencies and promote overall wellness. Multivitamins are a comprehensive solution that combines various essential vitamins and minerals in one product. These are particularly beneficial for elderly individuals with dietary restrictions or reduced appetite, ensuring they receive a spectrum of nutrients necessary for daily function and chronic disease prevention. Protein intake is critical for preserving muscle mass, strength, and repair mechanisms in the elderly. Products such as whey protein powders, casein, plant-based alternatives, and protein-enriched meal replacements can help meet the higher protein requirements often recommended for older adults to combat sarcopenia and support recovery from illnesses or surgeries.
Form: Proliferating use of powdered elderly nutrition products
Chewable supplements are an alternative to traditional pills, offering a more palatable option for elderly individuals that may have difficulty swallowing tablets or capsules. They are available in various flavors and are formulated to dissolve quickly in the mouth. Chewables are commonly used for delivering multivitamins, calcium, and other essential nutrients. Liquid nutrition products are ideal for older adults who have difficulty swallowing or prefer not to take solid supplements. The liquid form allows for easier consumption and can be a more immediate method for the body to absorb nutrients. These products include vitamins and minerals and specialized formulas that may address specific health concerns shared by the elderly, such as joint health or digestive support. Powdered supplements provide a versatile option for elderly nutrition, as they can be mixed with various liquids such as water, milk, or juice, making them an easily customizable intake form. This is particularly beneficial for those with specific dietary preferences or restrictions. Powders can also be blended into smoothies or foods to enhance nutrient content without significantly altering the taste or texture of the meal. Tablets and capsules are a popular and convenient method for delivering specific doses of nutrients and herbal supplements. These forms are beneficial for maintaining routine and ensuring consistent intake of prescribed supplements. The compact nature of tablets and capsules allows for easy transport and storage.
Indication: Extensive demand for elderly nutrition products from diabetic population
Appropriate nutrition is vital for elderly patients affected by cancer. A nourishing diet can help maintain body strength, improve quality of life, and support healing and recovery. Cancer and its treatments often lead to a higher calorie and protein requirement; therefore, nutrient-dense foods and oral supplements may be prescribed. Proper nutrition plays essential role in managing diabetes in the elderly. Dietary regimens should focus on controlling blood glucose levels to prevent complications. This involves a balanced intake of carbohydrates, proteins, and fats while monitoring blood sugar. Nutrition intervention for elderly persons with obesity involves caloric restriction while still delivering all necessary nutrients. A diet low in calories and high in fiber, vitamins, and minerals is essential to aid in weight loss and mitigate risk factors for chronic diseases. Dietary adjustments for elderly patients with renal failure are crucial to alleviate the kidneys' workload. A renal diet restricts sodium, potassium, phosphorus, and protein intake, depending on the stage of renal disease and the individual's specific needs. Addressing sarcopenia, age-related muscle mass loss, and function loss requires nutritional strategies incorporating increased protein intake and resistance training exercises. Nutritional supplementation, such as vitamin D and omega-3 fatty acids, may also be beneficial.
Distribution: Expanding sales of elderly nutrition products through retail drug stores
Hospitals serve an essential role in distributing nutrition products to the elderly population. These facilities correspond to a primary interface between aged care recipients and nutrition products. Dieticians and nutritionists within hospitals assist patients in determining the most suitable nutritional products for elderly patients, offering expert opinions and personal recommendations. The advent of eCommerce platforms has significantly impacted the distribution of elderly nutrition products. Online channels also allow easy access to product information and reviews, enabling consumers to gain insight into the products without physically visiting any store. Retail drug stores are highly accessible and often conveniently located; these outlets cater to the routine health-related needs of the elderly population. Retail pharmacists often provide advice on the choice of appropriate nutritional products. Expanding product visibility and variety at these retail points could significantly influence consumers' purchase decisions, consequently increasing sales volumes.
Regional Insights
The elderly nutrition market is growing in the Americas owing to the advanced healthcare infrastructure, high levels of disposable income, and a strong presence of food and healthcare companies contributing to the development of personalized nutrition for the elderly. Companies in this region are leveraging technologies, such as big data and AI, to cater to the nutritional needs of the elderly, providing them with tailored supplements. Europe's elderly nutrition market is also significant, and it is largely supported by governmental efforts to promote healthy aging and the nutritional well-being of the elderly. European regulation on food products and supplements is particularly stringent, ensuring high-quality standards are met and fostering consumer confidence in products designed for elderly nutrition. The Middle Eastern and Africa region represents a developing landscape for the elderly nutrition market owing to the increase in life expectancy, a growing number of elderly citizens, and growing acceptance and demand for institutional care and specialized nutritional products tailored for the elderly. The Asia-Pacific region is expected to witness growth in the market for elderly nutrition due to the rapidly aging population, focusing on natural and holistic nutritional approaches, resulting in the development of innovative elderly nutrition product formulations.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Elderly Nutrition Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Elderly Nutrition Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Elderly Nutrition Market, highlighting leading vendors and their innovative profiles. These include 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, GlaxoSmithKline PLC, Herbalife Nutrition Ltd., Koninklijke DSM N.V., Meiji Holdings Co., Ltd., Nature's Sunshine Products, Inc., Nestle S.A., Nordic Naturals, NoW Health Group, Inc., Otsuka Pharmaceuticals Co., Ltd., RBK Nutraceuticals Pty. Ltd., Reckitt Benckiser Group PLC, Sanofi S.A., Sun Pharmaceutical Industries Ltd., Terry Naturally Vitamins by Europharma, Unilever PLC, and Valio Ltd..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Elderly Nutrition Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Elderly Nutrition Market?
3. What are the technology trends and regulatory frameworks in the Elderly Nutrition Market?
4. What is the market share of the leading vendors in the Elderly Nutrition Market?
5. Which modes and strategic moves are suitable for entering the Elderly Nutrition Market?
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