Global elderly nutrition market growth is driven by rising geriatric population worldwide and the associated health issues. Nutrition plays a vital role in ensuring the physical well-being and overall health of the aged people. Poor dietary habits and malnutrition among elderly people can increase the risk of chronic diseases and faster cognitive decline. There has been huge demand for fortified food products that provides essential nutrients, vitamins, minerals, and protein to senior citizens. Various types of nutritional supplements including vitamins, proteins, minerals, fibers and probiotics are emerging as effective solutions to fulfill their daily nutrition intake and support healthy aging. Growing aging population can drive the elderly nutrition market growth in the near future.

Market Dynamics:

Global elderly nutrition market growth is driven by rapid aging of population across regions. According to the data published by United Nations, the number of people aged 60 years and older is projected to double by 2050 and reach around 2 billion. Rising life expectancy and declining fertility rates contributes to growing aged demography. This wide geriatric base requiring nutritional care can drive the market growth. However, high costs associated with elderly nutrition products can hamper the market growth. Lack of awareness among seniors regarding their specific nutritional needs can also hamper the market growth. Growing health consciousness and rising spending capacity of the elderly can offer opportunities for premium customized nutrition options. Ongoing R&D to develop flavorsome yet highly nutritious formulations suitable for the elderly is the major trend in the market.

Key Features of the Study:

• This report provides in-depth analysis of the global elderly nutrition market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global elderly nutrition market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Abbott Nutrition, Nestle, Danone, Otsuka Pharmaceutical Co., Ltd., GlaxoSmithKline plc., and Baxter International Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global elderly nutrition market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global elderly nutrition market.

Detailed Segmentation-

• By Nutrition Type
  
  • Protein
  • Minerals
  • Multi-vitamins
  • Fibers
  • Lipids
  • Antioxidants
  • Iron
  • Others
• By Application
  
  • Obesity
  • Diabetes
  • Renal Failures
  • Cancer
  • Sarcopenia
  • Cognitive Decline
  • Physical Frailty
  • Others 
• By Distribution Channel
  • Hospital pharmacy
  • Retail pharmacy
  • Online pharmacy
• By Region:         
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • AAK AB
  • Abbott
  • Ajinomoto Co., Inc.
  • Danone
  • DSM-Firmenich AG
  • GlaxoSmithKline plc
  • Nestle
  • Otsuka Holdings Co., Ltd.
  • Pfizer Inc.
  • The Vitamin Company India
  • Bayer AG
  • Sanofi S.A.
  • Fresenius Kabi AG
  • Unilever plc
  • Novartis AG
  • Meiji Holdings Co., Ltd.