Nutri-Food Chemistry Market Analysis and Reports | Italy Conference Series

Market Analysis - Nutri-Food Chemistry 2024

IMPORTANCE AND SCOPE

This conference is a important platform for inspiring international exchange and to promote their business at the food research conference. The conference is conducted for 2 days, where internationally renowned speakers will describe how their research journey have developed in response to contemporary challenges and also inspirational and innovative lessons from young researchers in food conference. The conference main idea is to  provide information related to the Nutrition disorders and causes for defeciency in human nutrition, and rapid growth of food technology and food science globally. And also the companies dealing with nutritional products and supplements can exhibit their products in the Nutrition conference exhibition. We strongly believe that the “23rd World Congress on Nutrition and Food Chemistry” will provide an opening for discussions in the field of Nutrition.

Conference Highlights

Leading Research Funders:

International Societies and Associations

GLOBAL NUTRITION REPORT:

Malnutrition is a universal issue holding back development with unacceptable human consequences and causing illness in the world population. Yet the opportunity to end malnutrition has never been greater. The UN Decade of Action on Nutrition 2016–2025 and the Sustainable Development Goals (SDGs) provide global and national impetus to address malnutrition and expedite progress.The burden of malnutrition across the world remains  high, and progress remains slow. Malnutrition is one of the reason for more ill health in the population than other causes. Children under five years of age face multiple burdens: 150.8 million are stunted, 50.5 million are wasted and 38.3 million are overweight. Meanwhile 20 million babies are born of  low birth weight in every year. Overweight and obesity among adults are at record levels with 38.9%, stretching from Africa to North America, and increasing among adolescents. Women have a higher burden than men when it comes to certain forms of malnutrition: one third of all women of reproductive age have anaemia and women have a higher prevalence of obesity than men. Millions of women are still underweight. Many countries are set to achieve the targets set by the global community to track progress on nutritional status to 2025.

TARGET AUDIENCE

A Glance at Market of Nutrition and Food:

All through the last ten to fifteen years, bargains in the overall Nutrition supplements advertise have seen a marvellous spike. This has enabled different new players to wander into the business segment with things that assurance to be the solution for youth, prosperity, and vitality. As shown by the evaluations of the Nutrition Business Journal report, the overall Nutrition and supplements advertise stayed at US $96 billion beginning 2012. Following a year, it was around US $104 billion comprehensive.

Food Market

The global market value of ethically labelled packaged foods is projected to grow from 793.3 billion U.S. dollars in 2015 to 872.7 billion U.S. dollars by 2020.

The future of the functional food market looks bright; the worldwide revenue for functional food is projected to increase from about 300 billion U.S. dollars in 2017 to over 440 billion dollars in 2022. At present, there is no universally accepted definition of functional foods. But, according to the International Food Information Council (IFIC), functional foods are “foods or food components that may provide benefits beyond basic nutrition”. Popular product types worldwide include vitamins and dietary supplements, functional beverages such as sport and energy drinks, as well as products fortified with probiotics.

  • Revenue in the Food market amounts to US$660,831m in 2018. The market is expected to grow annually by 3.0% (CAGR 2018-2021).
  • The market's largest segment is the segment Meat Products & Sausages with a market volume of US$139,792m in 2018.
  • In global comparison, most revenue is generated in the United States (US$660,831m in 2018).
  • In relation to total population figures, per person revenues of US$2,015.64 are generated in 2018.
  • The average per capita consumption stands at 403.8kg in 2018.

Fairtrade products have grown increasingly more popular in recent years. In the early 2000s, it was uncommon to see anything other than fair trade coffee or tea, but the market has since expanded to include fair trade sugar, honey, wine, apparel, coconuts, and seafood to name a few. UTZ, an organization that certifies products as sustainably farmed, reported that the global production value for sustainably produced cocoa grew from 918,000 metric tons in 2015 to nearly 1.2 million metric tons in 2016. 

The Annual Growth rate of FDI inflows in the Food Processing Industries:

  • Revenue in the Food & Beverages annual growth rate (CAGR 2018-2022) of 11.4%, resulting in a market volume of US$138,905m by 2022.
  • User penetration is 20.3% in 2018 and is expected to hit 26.3% by 2022.
  • The average revenue per user (ARPU) currently amounts to US$86.30.
  • In global comparison, most revenue is generated in China (US$18,521m in 2018).

 In the market for Milk Products, the volume is expected to amount to 29,104.6mkg by 2023.

The Global Dairy Processing equipment market is projected to reach USD 12.90 Billion by 2023, growing at a CAGR of 5.4% from 2015 to 2023. The major drivers are the rising global consumer demand for dairy products, increasing dairy production, changing needs, taste & preferences among consumers, and the growing demand for healthier and palatable dairy products. The rising health consciousness among people has increased the consumption of processed dairy products such as skimmed milk.

Bread & Bakery Products

  • Revenue in the Bread & Bakery Products segment amounts to US$67,987m in 2018.
  • The market is expected to grow annually by 2.6% (CAGR 2018-2021).
  • In global comparison, most revenue is generated in the United States (US$67,987m in 2018).
  • In relation to total population figures, per person revenues of US$207.37 are generated in 2018.
  • The average per capita consumption stands at 42.5kg in 2018.

Food Service Market Summery

Sports nutrition consumers in Italy are becoming increasingly educated about the different types of products available and their aims. While, initially, consumers’ main concerns were to build up muscle and hence they opted for sports protein, they are now becoming increasingly aware of the efficacy of products positioned for energy increase, endurance, recovery and strength. In Italy foodservice market is likely to witness a CAGR of 1.24% during the forecast period (2019 - 2024).

Continuous growth in brands franchising, increased demand for healthier and quality food, and booming digital commercialization are few factors augmenting the foodservice market in Italy. Further, supplemented by active tourism, Italy remains the third largest foodservice market in Europe. Many companies are investing to launch their outlets in the country. For instance, in 2018, the giant player, Starbucks Coffee Company, launched its first outlet in the country. With the growing urbanization and improved lifestyle, Italians are increasingly preferring wine over other alcoholic drinks, uplifting the business for wine bars in the country.