According to a research report published by Spherical Insights & Consulting, the Global Silver Food Market Size Expected to Grow from USD 16.92 Billion in 2023 to USD 27.98 Billion by 2033, at a CAGR of 5.16% during the forecast period 2023-2033.

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The silver foods belong to the category of all complete food sources, which contain the entire range of nutrients and are known for their excellent health benefits. Silver foods are a specific category of full, nutrient dense foods which confer positive health effects upon intake. These foods, supplements by essential vitamins, minerals, and other antioxidants, promote general health and prevent several ailments. Silver foods include fish, nuts, whole grains, fruits and vegetables, seeds, etc. The nutrition substitutes confer that feeling of youthfulness and vigor to keep people on track with the healthy balanced lifestyles. The participating elderly population continues to explode, and so too does the increasing demand for special foods. This demographic trend is rapidly ushering in a new phase of emphasis on age-appropriate nutritional products for satisfying nutrient requirements coupled with control over aging health issues and the quest for optimum aging. Fortified foods have functional components and nutrients such as vitamins, minerals, and dietary fibers. Silver foods indeed fit very well into the increasing emphasis on cognitive function maintenance, treatment of chronic diseases, and better health for older adults. However, the poor understanding of the benefits of consuming silver food in developing countries could be one of the important reasons hampering the growth of the market. There is also a possible market gap arising as a result of increase in price and non-affordability.

Browse key industry insights spread across 220 pages with 115 Market data tables and figures & charts from the report on the Global Silver Food Market Size, Share, and COVID-19 Impact Analysis, By Product (Meal Boxes and Supplements), By Distribution Channel (Senior Care Facilities, Hospitals, Grocery Stores, Internet Portals, and Restaurants), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The supplements segment has the largest share of the market during the forecast period.

Based on the product, the global silver food market is categorized into meal boxes and supplements. Among these, the supplements segment has the largest share of the market during the forecast period. The growth is driven due to these supplements serving specific health concerns that older persons typically face: immunological support, bone health, and nutritional inadequacies brought by the aging process because they mostly contain vitamins, minerals, antioxidants, omega-3 fatty acids, and other bioactive compounds. This quality increases the market demand for these supplements in addition to the increase in their number.

The senior care facilities segment is expected to hold the greatest market share through the forecast period.   

Based on the distribution channel, the global silver food market is categorized into senior care facilities, hospitals, grocery stores, internet portals, and restaurants. Among these, the senior care facilities segment is expected to hold the greatest market share through the forecast period. The segmental growth is due to this section, which includes retirement communities, assisted living facilities, nursing homes, and retirement communities. Silver food is supplied to nourishing elderly persons in these institutions, ensuring feeding them within their dietary constraints. This is contributing to the demand for this market. However, according to the projection, the hospital category will develop the fastest in the forecast period because hospitals provide special nutrition for elderly patients during their stay.     

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Asia pacific is projected to hold the largest share of the global silver food market over the forecast period.

Asia Pacific is projected to hold the largest share of the global silver food market over the forecast period. The region has really gone ahead and made the whole industry quite strong in terms of supplements and supplement sales as China, India, Japan, and South Korea keep pushing the envelope. The location is expected to see some advancements in its local markets because of a rise in its aging population as well as obesity, diabetes, and many more. Asia Pacific is seen as an area that is likely to take the lead in the use of silver food across the globe. Due to an aging population and rising supplement sales in countries like India and Japan, the business in this region extended very well.

North America is expected to grow at the fastest pace of the global silver food market during the forecast period. It is anticipated that the number of obese people in North America will continue to rise, and the market growth will be led by disposable income levels, specifically in the United States. Hence, significant growth is expected for the area during the forecast period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global silver food market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global silver food market are Pfizer Inc, COOK Trading Ltd, Arla Foods Ingredients Group P/S, Homebistro, Oakhouse Foods Ltd, Abbott Laboratories, Mom’s Meals, Koninklijke DSM N.V, Oy Karl Fazer Ab, Herbalife Nutrition, Nutrisystem Inc, Apetito, Roquette Frères, Sysco Corporation, Nestle S.A., Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In September 2024, Sarveshwar Food Limited, one of the biggest players in the agri-food sector based in Jammu, launched new products as part of a complete New Product Development (NPD) strategy. New products launched show commitment to quality, innovation, and changes in consumer preferences towards healthy eating.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global silver food market based on the below-mentioned segments:

Global Silver Food Market, By Product

• Meal boxes
• Supplements

Global Silver Food Market, By Distribution Channel

• Senior care facilities
• Hospitals
• Grocery stores
• Internet portals
• Restaurants

Global Silver Food Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm that provides actionable market research study, quantitative forecasting, and trends analysis provides forward-looking insight especially designed for decision-makers and aids ROI.

Which caters to different industries such as financial sectors, industrial sectors, government organizations, universities, non-profits, and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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