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Global human nutrition market size to expand substantially over 2021-2026

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Pune, India, Jan. 10, 2022 (GLOBE NEWSWIRE) — According to MarketStudyReport, worldwide human nutrition market size was worth USD 252.38 billion in 2020 and is touted to expand at a notable CAGR over the forecast period 2021-2026.

Proceeding further, the research literature splits the marketplace on the basis of product type, application, distribution channels, and regions. It delves into both qualitative and quantitative aspects of each of these segments to pinpoint the major investable areas in this business sphere. An analysis of the competitive hierarchy details the product profiles of all leading players, and scrutinizes their financials, strategies, and other recent developments.

Factors such as surging demand for nutritious and safe health products & supplements, increasing health awareness among consumers, and rising disposable income levels are primarily driving the industry growth.

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Additionally, widespread prevalence of diseases caused by unhealthy eating habits, coupled with  growing preference for fortifying and nutritional food additives are also fostering the market development.

Market segmentation overview

Based on product type, global human nutrition market is classified into probiotics, vitamins, proteins/amino acids, and minerals/ others, whereas by distribution channel, the market classification comprises OTC (over the counter), and prescribed.

Considering application scope, the market is segmented into functional nutrient, dietary supplement, food & beverages, and infant nutrition. Among these, the dietary supplement segment is slated to witness a substantial CAGR over the forecast period, owing to increasing reliance of elderly populace on nutritional supplements. Notably, ageing causes various physiological, psychological, and social changes in an individual’s life, which affects their dietary and food choices. Thus, the need for specifically tailored dietary supplements will boost segmental growth in the upcoming years.

Regional outlook

Major regional contributors to worldwide human nutrition industry remuneration are Asia Pacific (China, India, Japan, Australia), Europe (U.K., Germany, France, Italy), and North America (U.S., Canada).

As per expert verbatim, North America is touted to hold a significant share in the industry by 2026, with the United States being the epicenter of growth, due to the presence of established manufacturers and well-developed distribution channels. Moreover, burgeoning demand for dietary supplements across countries like Mexico is also contributing to regional market growth.

To access a sample copy or view this report in detail along with the table of contents, please click the link below:

https://www.marketstudyreport.com/reports/global-human-nutrition-market-analysis-by-product-type-vitamins-probiotics-amino-acids-minerals-application-distribution-channel-by-region-by-country-2021-edition-market-insights-and-forecast-with-impact-of-covid-19-2021-2026

Competitive scope

Prominent companies such as Bayer AG, Abbott Laboratories, Koninklijke DSM N.V., Nestlé S.A., Glanbia plc, and Kerry Group plc are influencing the market trends. These companies constantly employ several strategic maneuvers such as acquisitions, collaborations, mergers, new product developments, and partnerships to maintain their standing in the industry space.

Global Human Nutrition Market, by Product Type (Revenue, USD Billion, 2016-2026)

  • Probiotics
  • Vitamins
  • Proteins/Amino Acids
  • Minerals/ Others

Global Human Nutrition Market, by Distribution Channel (Revenue, USD Billion, 2016-2026)

  • OTC (Over the Counter)
  • Prescribed

Global Human Nutrition Market, by Application Scope (Revenue, USD Billion, 2016-2026)

  • Dietary Supplement
  • Functional Nutrient
  • Infant Nutrition
  • Food & Beverages

Global Human Nutrition Market, Regional Outlook (Revenue, USD Billion, 2016-2026)

Asia Pacific

  • China
  • India
  • Japan
  • Australia

Europe

  • U.K.
  • Germany
  • France
  • Italy

North America

  • U.S.
  • Canada

Global Human Nutrition Market, Competitive Landscape (Revenue, USD Billion, 2016-2026)

  • Bayer AG
  • Koninklijke DSM N.V.
  • Abbott Laboratories
  • Kerry Group plc
  • Nestlé S.A.
  • Glanbia plc
  • Archer Daniels Midland Company
  • Amway
  • USANA Health Sciences Inc.
  • Corbion N.V.

Table of Content:

1. Report Scope and Methodology

1.1 Scope of the Report

1.2 Research Methodology

1.3 Executive Summary

2. Strategic Recommendations

3. Global Human Nutrition Market: Product Overview

4. Global Human Nutrition Market: An Analysis

4.1 Market Size, By Value, 2016-2026

4.2 Impact of COVID-19 on Global Human Nutrition Market

4.3 Global Human Nutrition Market: Growth & Forecast

5. Global Human Nutrition Market: Segmental Analysis

5.1 Global Human Nutrition Market by Product Type

5.2 Competitive Scenario of Global Human Nutrition Market- By Product Type

5.3 By Vitamins, By Value (USD Billion), 2016-2026

5.4 By Probiotics, By Value (USD Billion), 2016-2026

5.5 By Proteins/Amino Acids, By Value (USD Billion), 2016-2026

6. Global Human Nutrition Market By Application

6.1 Global Human Nutrition Market by Application

6.2 Competitive Scenario of Global Human Nutrition Market- By Application

6.3 By Dietary Supplement, By Value (USD Billion), 2016-2026

6.4 By Functional Nutrient, By Value (USD Billion), 2016-2026

6.5 By Infant Nutrition, By Value (USD Billion), 2016-2026

7. Global Human Nutrition Market By Distribution Channel

7.1 Global Human Nutrition Market by Distribution Channel

7.2 Competitive Scenario of Global Human Nutrition Market- By Distribution Channel

7.3 By OTC, By Value (USD Billion), 2016-2026

7.4 By Prescribed, By Value (USD Billion), 2016-2026

8. North America Human Nutrition Market: An Analysis (2016-2026)

8.1 North America Human Nutrition Market by value: Size and Forecast (2016-2026)

8.2 North America Human Nutrition Market: Prominent Companies

8.3 Market Segmentation By Product Type (Vitamins, Probiotics, Proteins/Amino Acids, Minerals/ Others)

8.4 Market Segmentation By Application (Dietary Supplement, Functional Nutrient, Infant Nutrition, Food & Beverages)

8.5 Market Segmentation By Distribution Channel (OTC, Prescribed)

9. Europe Human Nutrition Market: An Analysis (2016-2026)

9.1 Europe Human Nutrition Market by value: Size and Forecast (2016-2026)

9.2 Europe Human Nutrition: Prominent Companies

9.3 Market Segmentation By Product Type (Vitamins, Probiotics, Proteins/Amino Acids, Minerals/ Others)

9.4 Market Segmentation By Application (Dietary Supplement, Functional Nutrient, Infant Nutrition, Food & Beverages)

9.5 Market Segmentation By Distribution Channel (OTC, Prescribed)

10. Asia Pacific Human Nutrition Market: An Analysis (2016-2026)

10.1 APAC Human Nutrition Market by value: Size and Forecast (2016-2026)

10.2 APAC Human Nutrition: Prominent Companies

10.3 Market Segmentation By Product Type (Vitamins, Probiotics, Proteins/Amino Acids, Minerals/ Others)

10.4 Market Segmentation By Application (Dietary Supplement, Functional Nutrient, Infant Nutrition, Food & Beverages )

10.5 Market Segmentation By Distribution Channel (OTC, Prescribed)

11. Global Human Nutrition Market Dynamics

11.1 Global Human Nutrition Market Drivers

11.2 Global Human Nutrition Market Restraints

11.3 Global Human Nutrition Market Trends

12. Market Attractiveness and Strategic Analysis

12.1 Market Attractiveness Chart of Global Human Nutrition – By Product Type (Year 2026)

12.2 Market Attractiveness Chart of Global Human Nutrition – By Application (Year 2026)

12.3 Market Attractiveness Chart of Global Human Nutrition – By Distribution Channel (Year 2026)

12.4 Market Attractiveness Chart of Global Human Nutrition – By Region (Year 2026)

13. Competitive Landscape

13.1 Market Share of global leading companies

13.2 SWOT Analysis- Global Human Nutrition Market

13.3 Porter Five Forces Analysis-Global Human Nutrition Market

14. Company Profiles

Related Report:

Clinical Nutrition Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

The clinical nutrition market is expected to witness sizable growth by 2027 driven by the increasing prevalence of chronic illnesses around the globe. Recently, amidst the artificial intelligence (AI) revolution in the medical sector, researchers have been examining the potential integration of AI for food image recognition, augmented diet optimization, diet pattern analysis, and risk prediction, among other applications. Subsequently, technological advancements in the sector are fueling market demand globally. Additionally, industry players are adopting strategic initiatives to improve their market presence, which has favorably impacted business expansion across key regions. In the regional landscape, the Middle East & Africa clinical nutrition market is projected to witness substantial growth to exceed a valuation of USD 3.7 billion by 2027. High number of mortalities related to malnutrition and growing awareness regarding clinical nutrition across the region are expected to foster market outlook through the forecast timeframe.

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Artificial Intelligence

LG STRENGTHENS EUROPEAN PRESENCE WITH ITS KITCHEN SOLUTIONS SHOWCASE AT MDW 2024

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Featuring Advanced AI Technologies and Sleek Design, Company’s Expanded Lineup of Built-in Appliances Brings Outstanding Convenience and Style to the Kitchen
SEOUL, South Korea, April 18, 2024 /PRNewswire/ — LG Electronics (LG) is unveiling its latest built-in kitchen appliances at Milan Design Week (MDW) 2024, taking place in Milan, Italy, from April 16-21. At the center of LG’s Milan showcase are the brand-new Signature Kitchen Suite built-in oven, free zone induction hob, and downdraft hood. Boasting innovative, premium design and highly-convenient features, the company’s refined built-in solutions bring exceptional ease-of-use and effortless elegance to the kitchen.

Signature Kitchen Suite Built-in Oven with Advanced Cooking Technologies
Debuting at MDW 2024 and designed with European consumers in mind, the Signature Kitchen Suite 60-centimeter (24-inch) built-in oven offers a variety of cutting-edge features and AI technologies to elevate the culinary experience. Equipped with Gourmet AI™️, the oven can identify what the user is cooking and automatically select the appropriate cooking mode from 130 recipes. Gourmet AI also enables ‘browning’ control for foods such as pizza and steak, actively keeping tabs on the cooking process and notifying users via the ThinQ™️ app as soon as their food is done. Thanks to video-recognition, LG’s intelligent oven can suggest the optimal settings for the dish being prepared, while real-time video monitoring and time-lapse recording make it easy to check on the progress of one’s meal using the ThinQ app.
Employing enhanced ProBake powered by inverter technology, the new oven delivers uniform heat and fast, efficient cooking with an A++ energy rating. LG’s innovative technology rotates the convection fan back and forth to ensure shorter preheating times, even heating, and crispier results when using the oven’s Air Fry mode. The company’s unique InstaView™️ technology further enhances user convenience, making it possible to see inside simply by knocking twice on the oven door.
Free Zone Induction Hob for Convenient and Flexible Cooking
The Signature Kitchen Suite’s 90-centimeter (36-inch) free zone induction hob presents next-level flexibility and ease-of-use, allowing users to place any size and type of cookware – such as Paella pans and moka pots – anywhere on its cooking surface.* The new appliance can detect and track the position of cookware, eliminating the need to manually cancel and reapply settings when moving a saucepan or skillet from one part of the cooking surface to another. What’s more, the AI technology embedded in the hob can detect the temperature of cookware and automatically lower the heat when necessary, helping to minimize spills and splatter when boiling water or preparing soups and sauces.
Expanded Built-in Lineups for Diverse Kitchen Lifestyles
LG is further bolstering its built-in product lineup with the introduction of the new Signature Kitchen Suite downdraft hood. Made to integrate seamlessly into islands and countertops, the 90-centimeter (36-inch) hood offers a sleek, sophisticated look with its chic black glass and modern frame design. It also provides powerful ventilation, effectively extracting steam and odors for a more pleasant cooking experience.
Additionally, LG has expanded its portfolio of built-in appliances for the European market. Along with new products, such as an 80-centimeter (30-inch) induction hob and built-in combi refrigerators and microwave ovens, the company now provides a wider range of options within its oven lineups – from more product variation to a greater choice of colors and sizes. Among the new models are the Signature Kitchen Suite 122 centimeter (48 inch)-wide French-door refrigerator and stunning appliances from the Transitional lineup, featuring slim handles and satin stainless steel exteriors with a velvety matte finish. To help customers create a curated kitchen aesthetic, the company offers an array of new finishes for its premium built-in products, with black stainless steel and stainless steel joining the previously-introduced black glass finish.
“We are thrilled to showcase our latest built-in innovations at this year’s Milan Design Week, demonstrating our commitment to leading new design trends and meeting the diverse needs of European customers,” said Lyu Jae-cheol, president of LG Electronics Home Appliance & Air Solution Company. “LG will continue to strengthen its presence in Europe through an expanded range of built-in appliances delivering style, performance and convenience in the kitchen.”
Visitors to MDW 2024 in Milan from April 16-21 can experience LG’s latest built-in lineups at the LG booth at Milan Fairgrounds.
* Cookware recognition may vary depending on the size or number of items placed on the surface.
About LG Electronics Home Appliance & Air Solution Company 
The LG Home Appliance & Air Solution Company is a global leader in home appliances, air solutions as well as smart home solutions featuring LG ThinQ. The company is creating various solutions with its industry leading core technologies and is committed to making life better and sustainable for consumers and the planet by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and sustainable lifestyle solutions. For more news on LG, visit www.LGnewsroom.com.
 
 
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DataTracks Celebrates Completion of 19 Years

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SINGAPORE, April 18, 2024 /PRNewswire/ — DataTracks, a provider of cloud-based software to automate/generate compliance reports for filing with financial/security regulators to more than 28,000 business enterprises in 26 countries, celebrates the completion of 19 years of service and innovation.  Founded with a vision to make regulatory compliance “accurate, reliable, timely, and easy”, DataTracks has grown into a leading name in the industry, worldwide with cutting edge software that incorporates “artificial intelligence” aided features to reduce “time to prepare” and improve “accuracy”.

Decades of Dedication and Expertise
Over nearly two decades, DataTracks has achieved significant growth, with its software delivering more than 400,000 reports, showcasing its pivotal role in regulatory reporting. The software and service address regulations across diverse jurisdictions, including SEC in the USA, HMRC and FCA in the UK, Revenue in Ireland, CIPC in South Africa, ACRA in Singapore, MCA in India, SSM in Malaysia and ESMA, EBA, and EIOPA in Europe. 
DataTracks distinguishes itself in the industry
(a) with its global footprint (preferred by business enterprises whose regulatory obligations are spread across multiple jurisdictions)
(b) with its state-of-the art software that incorporates “AI/ML” features and
(c) with its credentials for information security (including ISO 9001:2015 and ISO 27001:2013 certifications)
Addressing the employees and spouses in a town hall meeting to celebrate the event, Vinod P John, President of DataTracks said: “We are happy to start our 20th year in the industry. I have to thank the 28,000 clients who trust us and the several hundred employees who developed our software and who helped customers (and our internal team) prepare compliance reports for reaching this milestone.  We’ve always believed in leveraging technology to make regulatory compliance as easy, quick, timely, and accurate as possible for our clients.  Our continuous investment in AI and machine learning is a testament to this belief, and it’s what keeps us at the forefront of the industry.”
Looking ahead, DataTracks is ready to address upcoming mandates such as the DATA Act and FTA in the US as well as the MBRS/XBRL mandate by SSM in Malaysia.
About DataTracks
DataTracks is a Singapore-based globally renowned leader in providing cloud-based regulatory compliance software for self-use and “black box services” using the same software, catering to 28,000 clients across 26 countries. In 19 years DataTracks has helped its client enterprises prepare more than 400,000 compliance reports for filing with financial/security regulators in several jurisdictions. Financial analysts have rated the quality of reports generated using DataTracks as top of industry for quality; significantly above that of several of its competitors.  For further information, visit www.datatracks.com.
For Business Enquiries: Email: [email protected]; Phone: Singapore: +6531582850, US: +1(646)9048324, UK: +44(0)2036088035
Media Contact: [email protected] 
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SAS advances industry solutions with packaged AI models

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Tailored, lightweight AI models facilitate rapid deployment with low overhead
LAS VEGAS, April 17, 2024 /PRNewswire/ — SAS INNOVATE — Today at SAS Innovate, SAS – a pioneer in data and AI solutions – unveiled a game-changing approach for organizations to tackle business challenges head-on. Introducing lightweight, industry-specific AI models for individual license, SAS is equipping organizations with readily deployable AI technology to productionize real-world use cases with unparalleled efficiency.

AI software provider SAS is uniquely positioned to flex its decades of expertise in applying scalable and trustworthy AI models for prominent global financial, health care, and manufacturing brands, as well as government institutions.
“SAS is evolving its portfolio to meet wider user needs and capture market share with innovative new offerings,” said Chandana Gopal, Research Director, Future of Intelligence, IDC. “An area that is ripe for SAS is productizing models built on SAS’ core assets, talent and IP from its wealth of experience working with customers to solve industry problems.”
In today’s market, the consumption of models is primarily focused on large language models (LLMs) for generative AI. In reality, LLMs are a very small part of the modeling needs of real-world production deployments of AI and decision making for businesses.  With the new offering, SAS is moving beyond LLMs and delivering industry-proven deterministic AI models for industries that span use cases such as fraud detection, supply chain optimization, entity management, document conversation and health care payment integrity and more.
Unlike traditional AI implementations that can be cumbersome and time-consuming, SAS’ industry-specific models are engineered for quick integration, enabling organizations to operationalize trustworthy AI technology and accelerate the realization of tangible benefits and trusted results.
Expanding market footprintOrganizations are facing pressure to compete effectively and are looking to AI to gain an edge. At the same time, staffing data science teams has never been more challenging due to AI skills shortages. Consequently, businesses are demanding agility in using AI to solve problems and require flexible AI solutions to quickly drive business outcomes. SAS’ easy-to-use, yet powerful models tuned for the enterprise enable organizations to benefit from a half-century of SAS’ leadership across industries.
Delivering industry models as packaged offerings is one outcome of SAS’ commitment of $1 billion to AI-powered industry solutions. As outlined in the May 2023 announcement, the investment in AI builds on SAS’ decades long focus on providing packaged solutions to address industry challenges in banking, government, health care and more.
“Models are the perfect complement to our existing solutions and SAS Viya platform offerings and cater to diverse business needs across various audiences, ensuring that innovation reaches every corner of our ecosystem,” said Udo Sglavo, Vice President for AI and Analytics, SAS. “By tailoring our approach to understanding specific industry needs, our frameworks empower businesses to flourish in their distinctive environments.”
Bringing AI to the massesSAS is democratizing AI by offering out-of-the-box, lightweight AI models – making AI accessible regardless of skill set – starting with an AI assistant for warehouse space optimization. Leveraging technology like large language models, these assistants cater to nontechnical users, translating interactions into optimized workflows seamlessly and aiding in faster planning decisions.
“SAS Models provide organizations with flexible, timely and accessible AI that aligns with industry challenges,” said Sglavo. “Whether you’re embarking on your AI journey or seeking to accelerate the expansion of AI across your enterprise, SAS offers unparalleled depth and breadth in addressing your business’s unique needs.”
The first SAS Models are expected to be generally available later this year. Learn more about SAS Applied AI and Modeling here: https://blogs.sas.com/content/tag/applied-ai-modeling/.
Today’s announcement was made at SAS Innovate, the data and AI experience for business leaders, technical users and SAS Partners. Keep up with the latest news from SAS by following @SASsoftwareNews on X/Twitter.
About SASSAS is a global leader in data and AI. With SAS software and industry-specific solutions, organizations transform data into trusted decisions. SAS gives you THE POWER TO KNOW®.
SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2024 SAS Institute Inc. All rights reserved. 
Editorial Contact:Jennifer [email protected] 202-210-4180 sas.com/news
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