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Title: Nutrition Market: A high revenue generating industry with revenue crossing US$ 661.20 billion by 2031 - DataM Intelligence.
India, 5th Aug 2024 - According to a study conducted by DataM Intelligence Market Research, the nutrition market is experiencing robust growth driven by several key factors that reflect evolving consumer preferences and advancements in science. Rising health consciousness among individuals is a primary catalyst, with more people focusing on maintaining a balanced diet and overall well-being. This shift has spurred demand for diverse nutritional products, including functional foods, dietary supplements, and specialized nutrition solutions. Moreover, the probiotics and postbiotics market is experiencing notable trends that reflect a growing understanding of gut health and its broader impact on overall wellness. One prominent trend is the expansion of product offerings, with an increasing variety of probiotic supplements and postbiotic formulations designed to address specific health concerns, such as immune support, digestive health, and mental well-being. For instance, in 2023, Gnosis by Lesaffre launched a new product in its probiotic range: LifeinU L.Rhamnosus GG 350. The nutrition market is a dynamic and rapidly evolving field characterized by fierce competition and continuous innovation. Meanwhile, the rise of disruptive new entrants and private labels is reshaping market dynamics, driving further evolution and adaptation within the industry.The company has a wide array of nutrition topics within its database. Listed below are the top trending markets:The food supplement market reached US$ 172.89 billion in 2022 and is expected to reach US$ 345.13 billion by 2031, growing with a CAGR of 8.4% during the forecast period 2024-2031. The essential driver of market expansion of food supplements is the aging population is an unstoppable global trend.&nb...
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