How Will The Liquid Nutritional Supplement Market Expand Through 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Liquid Nutritional Supplement Global Market Report 2023, the liquid nutritional supplement market is expected to show significant growth in the forecast period.
Key insights from the liquid nutritional supplement market forecast include:
- Market Size
The global liquid nutritional supplement market is expected to grow from $26.46 billion in 2022 to $28.11 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The liquid nutritional supplement market is expected to reach $35.28 billion in 2027 at a CAGR of 5.8%.
- Major Driver
A rise in the number of health-conscious population is expected to propel the growth of the liquid nutritional supplements market going forward. For instance, according to the Food and Health Survey 2022, a survey of 1,005 Americans ages 18 to 80 in 2022, published by the International Food Information Council, a US-based non-governmental organization to support food, beverage, and agricultural industries, approximately 52% of Americans had followed a diet or eating pattern in 2021, a significant rise from previous years (39% in 2021, 43% in 2020, 38% in 2019), which is unrelated to the two new options this year, mindful eating and intuitive eating. Therefore, the rise in the health-conscious population is driving the liquid nutritional supplement market.
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- Key Trend
Product innovation is a key trend gaining popularity in the liquid nutritional supplement market. Major companies operating in the liquid nutritional supplement market are focused on developing innovative products to strengthen their position in the market. For instance, in May 2023, Arla Foods Ingredients, a Denmark-based ingredient supplier for infant nutrition, medical applications, and sports nutrition, introduced juice-style oral nutrition supplements (ONS), a new solution to increase the protein content for medical nutrition. Arla Foods Ingredients’ ONS juice-style beverages are a unique nutritional drink with 7% more protein without sacrificing taste or mouthfeel. Lacprodan BLG-100 is a 100% pure beta-lactoglobulin with an excellent nutritional profile. Additionally, the new solution is fat-free, and using BLG-100 allows for very low viscosity and a stable product during its shelf life. Furthermore, it tastes less astringent than traditional ONS juice-style products and has a more pleasant texture, encouraging medical nutrition compliance.
- Major Players
Major players in the liquid nutritional supplement market are Nestlé S.A., Archer-Daniels-Midland Company, BASF SE, Bayer AG, Abbott Laboratories, GlaxoSmithKline plc., Amway Corporation, Herbalife International of America Inc, DuPont Nutrition & Biosciences, Isagenix International LLC, The Bountiful Company, Shaklee Corporation, GNC Holdings Inc., Melaleuca Inc., Glanbia Nutritional’s Inc, Usana Health Sciences Inc., Nutricia Ltd., Arkopharma Laboratories, Plexus Worldwide LLC, Jeunesse Global Holdings LLC, The Juice Plus Company, Garden of Life LLC, LifeVantage Corporation, Mannatech Incorporated, Zija International Inc, Nature’s Sunshine Products Inc., Synergy Worldwide Inc., Liquid Health Inc., and Carlyle Nutritional’s LLC.
- Top Market Segments
The global liquid nutritional supplement market is segmented –
1) By Type: Additional Supplements, Medical Supplements, Sport Nutrition
2) By Ingredient: Botanicals, Vitamins, Minerals, Proteins and Amino Acids, Other Ingredients
3) By Route of Administration: Oral, Enteral, Parenteral
4) By Distribution Channel: Online Channels, Offline Channels, Pharmacy Chains, Supermarkets, Drug Stores
5) By End-User: Infants, Children, Adult, Pregnant Women, Old Age
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The Liquid Nutritional Supplement Global Market Report 2023 provides an in-depth analysis on the liquid nutritional supplement market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the liquid nutritional supplement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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