JUICE-BASED ORAL NUTRITIONAL SUPPLEMENT MARKET OVERVIEW
Juice-based Oral Nutritional Supplement Market size is anticipated to be worth USD 8.70 billion in 2024 and is expected to reach USD 15.39 billion by 2033 at a CAGR of 6.2%.
Oral nutritional supplements (ONS) are used when people are unable to get enough nutrients from food alone. It could be due to a poor appetite, illness, or other reasons. The Juice-based ONS are liquid foodstuffs and these products are formulated to cater to specific dietary requirements. It is satisfying to people with specific dietary needs for the aged as well as those recovering from illness and it consists of high protein, high calorie, and disease-specific formulas. They are made to offer necessary nutrients, vitamins, and minerals in a naturally consumable form.
Rising requirement for suitable and nutritionally loaded products is enhancing demand for the product and the rising health perception amongst consumers is encouraging the market growth. Therefore, the market is likely to see stable growth in the future.
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GLOBAL CRISES IMPACTING JUICE-BASED ORAL NUTRITIONAL SUPPLEMENT MARKETCOVID-19 IMPACT or RUSSIA-UKRAINE WAR IMPACT or ISRAEL-HAMAS WAR IMPACTCOVID-19 IMPACT
Juice-based Oral Nutritional Supplement Industry Had a Positive Effect Due to High Demand for Immunity during COVID-19 Pandemic
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic has propelled the market growth. The pandemic has sourced the rapid rise in demand for over-the-counter food products which has enhanced the immunity levels to fight viruses. The pandemic is predicted to drive demand during the period with the emergence of new variants of the virus across the world. Furthermore, these food enhancers are tolerable to those with COVID-19 signs such as fever, diarrhea and vomiting in turn to avert loss of nutrients. E-commerce sales have appeared because of a growing distribution channel for the product particularly in the wake up of the pandemic. This sale further enables manufacturers to attain customers in remote and underserved areas to provide them with access to a range of products.
LATEST TREND
"Growing Focus on Clean Label Products to Drive Market Growth"
Promising trends in this market embrace a growing focus on clean label products. It accentuates transparency in component sourcing and production processes. Clients are ever more tending to choose products that are free from preservatives, artificial additives, and added sugars. This shift is approaching manufacturers to innovate by creating more natural and organic juice supplements that highlight their nutrient-dense profiles. In addition, the rise of personalization in nutrition for the product is propelling the market growth. Since consumers seek modified dietary solutions, dietary restrictions, and flavor preference, companies are establishing to offer customizable juice-based dietary additives that cater to individual health goals.
JUICE-BASED ORAL NUTRITIONAL SUPPLEMENT MARKET SEGMENTATION
BY TYPE
Based on Type, the global market can be categorized into powdered oral nutritional supplement, pudding-style oral nutritional supplement, and others
- Powdered Oral Nutritional Supplement: This product is mixed with water or juice before consumption to make a beverage and presents flexibility and convenience.
- Pudding-style Oral Nutritional Supplement: It offers a creamy and thicker consistency dietary supplement. This product offers a thick, delicious choice for those who want a dessert-like texture.
- Others: There are other types of products available including gels and bars. They are providing a range of options for individuals, looking to supplement their diet with extra nutrients.
BY APPLICATION
Based on application, the global market can be categorized into adult, children, and elderly
- Adult: In this market, these dietary enhancers are accepted among busy professionals and health-conscious individuals striving to keep a balanced diet. They provide essential nutrients to support busy lifestyles and deal with health conditions.
- Children: This category gets benefit from these products because they offer a tasty and easy way to make sure they are getting adequate nutrition. They get advantage from the appetizing nature of juice-based options and ensuring they receive vital vitamins for growth and development.
- Elderly: For the elderly population, juice-based health products offer a convenient and easily digestible source of nutrients to support general health and well-being and the aged habitually require specialized nutrition to sustain their health.
MARKET DYNAMICS
Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.
DRIVING FACTORS
"Increasing Pervasiveness of Chronic Diseases to Enhance the Market Growth"
The growing attribute for the juice-based oral nutritional supplement market growth is the rising prevalence of chronic diseases. These additives present a suitable and effective way to supplement the dietetic needs of individuals. They are rich in essential nutrients that facilitate overall health and well-being. In addition, the growing responsiveness of the benefits of dietary sustain in managing long-term illness is increasing the demand for juice-based nutrients. It provides a convenient and palatable way to meet these needs and they are easily digested and can be consumed as a meal replacement or snack. The aging populace, who desire change and require extra support to preserve a healthy weight and prevent malnutrition.
"Rising Healthcare Expenditure to Expand the Market"
The rising healthcare expenditure is propelling the growth of the market. The governments and various healthcare providers are recognizing the implication of dietary in enhancing patient effect and falling medical costs. These dietary additives are price-effective to give dietary support to individuals who are at risk of malnutrition and have chronic diseases. They can facilitate decreasing the length of hospital stays, progress patient recovery time, and stop tricky situations. The rising focus on dropping healthcare expenses is increasing demand for the product. In addition, technological encroachment is also encouraging the growth of the market. The progress of novel technologies has led to the production of more pioneering and effective supplemental nutrition.
RESTRAINING FACTOR
"High Cost of Making to Potentially Obstruct Market Growth"
One of the primary restraints is the high cost of these health products compared to regular food products. The supplements are particular formulations that need extensive research and development and severe manufacturing and quality control procedures which add to their premium pricing. The high price may limit the openness and affordability of these nutriments for a few consumers, mainly in price-sensitive markets. Ecological concerns associated with manufacturing methods are another constraint because increasing pressure is being exerted on industries to reduce emissions and wastes. The difficulty of regulatory compliance, including devotion to safety and environmental standards, can slow down market evolution. The fragmented nature of the market, with various small and large enterprises, results in strong rivalry, which can lead to cost wars and anxiety on profit margins.
OPPORTUNITY
"Increasing Digitization and Automation to Generate Opportunity for the Market Expansion"
The market presents a significant opening for growth, chiefly in emerging economies, where urbanization and industrialization are accelerating the market. The rising drift of digitization and automation in various sectors creates opportunities for pioneering product applications. There is moreover a mounting focus on research and development to recover product efficiency and sustainability. This opens avenues for market companies to initiate new and advanced offerings. Moreover, the increasing demand for environmentally friendly and energy-efficient solutions is pushing the acceptance of the product that is more sustainable and allied with green technologies.
CHALLENGE
"Unstable Raw Material Prices and Reliance on External Factors Could Be a Potential Challenge for Market"
The market has numerous threats that can hamper the market growth are fluctuations in raw material prices, which can increase making costs and affect profitability. The market’s dependence on external factors, such as trade policies and international relations, initiate uncertainties that can interrupt supply chains and market constancy. Additionally, technological disruptions and the fast pace of innovation in opposing sectors could lead to the appearance of alternative solutions, intimidating the market growth. The increasing pressure for environmental sustainability and the opening of rigorous regulations on carbon footprints and manufacturing processes might increase compliances costs for businesses. Additionally, the prospective for economic downturns and the ensuing drop in consumer expenditure might slow down the order for certain supplement products.