The global elderly nutrition market refers to the market for nutritional products specifically designed for the elderly population. This includes dietary supplements, meal replacements, and specialized food and beverages. The market is driven by several factors, including the increasing geriatric population, rising awareness about the importance of nutrition for healthy aging, and the growing prevalence of chronic diseases among the elderly. Additionally, the demand for convenient and easy-to-consume nutritional products is also contributing to market growth.
The global Elderly Nutrition Market size is estimated to be valued at US$ 23,632.4 million in 2022 and is expected to exhibit a CAGR of 6.7% between 2023 and 2030.
Key Companies in the Elderly Nutrition Industry:
1) Otsuka Pharmaceuticals Co., Ltd.: Otsuka Pharmaceuticals is a global healthcare company founded in 1964. Headquartered in Tokyo, Japan, the company has over 47,000 employees. Otsuka operates in more than 80 countries and specializes in pharmaceuticals, nutraceuticals, and medical devices. One major key insight of the company is its focus on research and development to create innovative solutions for the elderly nutrition market.
2) Baxter International Inc.: Baxter International is a multinational healthcare company founded in 1931. With its headquarters in Deerfield, Illinois, USA, the company has approximately 50,000 employees. Baxter operates in more than 100 countries and is known for its expertise in medical devices, pharmaceuticals, and biotechnology. One major key insight of the company is its strong distribution network, which allows it to reach a wide customer base in the elderly nutrition market.
3) Allergan: Allergan is a global pharmaceutical company founded in 1950. Based in Dublin, Ireland, the company has around 17,000 employees. Allergan operates in more than 100 countries and focuses on developing and commercializing innovative healthcare solutions. One major key insight of the company is its strong portfolio of nutritional products specifically designed for the elderly population.
4) Danone: Danone is a multinational food and beverage company founded in 1919. Headquartered in Paris, France, the company has over 100,000 employees. Danone operates in more than 120 countries and is known for its wide range of dairy products, water, and specialized nutrition products. One major key insight of the company is its commitment to sustainability and social responsibility in the elderly nutrition market.
5) Abbott Laboratories: Abbott Laboratories is a global healthcare company founded in 1888. With its headquarters in Abbott Park, Illinois, USA, the company has approximately 109,000 employees. Abbott operates in more than 160 countries and specializes in medical devices, diagnostics, and nutrition products. One major key insight of the company is its strong focus on research and development to create innovative nutritional solutions for the elderly population.
6) Pfizer, Inc.: Pfizer is a multinational pharmaceutical company founded in 1849. Based in New York City, USA, the company has around 78,000 employees. Pfizer operates in more than 150 countries and is known for its wide range of prescription medicines, vaccines, and consumer healthcare products. One major key insight of the company is its extensive experience and expertise in developing healthcare solutions for the elderly population.
7) Mead Johnson & Company, LLC.: Mead Johnson is a global nutrition company founded in 1905. Headquartered in Glenview, Illinois, USA, the company has over 7,000 employees. Mead Johnson operates in more than 50 countries and specializes in infant and children's nutrition products. One major key insight of the company is its focus on developing nutritional products that cater to the specific needs of the elderly population.
8) Sanofi: Sanofi is a multinational pharmaceutical company founded in 1973. With its headquarters in Paris, France, the company has approximately 100,000 employees. Sanofi operates in more than 170 countries and focuses on research, development, and manufacturing of healthcare solutions. One major key insight of the company is its strong presence in the global elderly nutrition market, offering a wide range of nutritional products for the elderly population.
9) Nestlé: Nestlé is a multinational food and beverage company founded in 1866. Based in Vevey, Switzerland, the company has around 291,000 employees. Nestlé operates in more than 180 countries and is known for its extensive portfolio of food, beverages, and nutrition products. One major key insight of the company is its commitment to innovation and continuous improvement in the elderly nutrition market.
