Silver Food Market Size - By Product, By Distribution Channel, & Forecast, 2024-2032

Silver Food Market Size

The global silver food market size was valued at USD 17.94 billion in 2023 and is projected to grow at 5.4% CAGR from 2024 to 2032, driven by an increasing ageing population, especially in the Asia Pacific region. Japan ranks the highest with approximately 27% of its population over 65 years. Counties such as Italy, Portugal, Germany, Finland and Bulgaria follow this trend and are among the top six nations with about one-fifth of its population above the 60-year mark.
 

According to WHO, among the global population, more than two billion people will be in the age group of more than 60 years by 2050. This will lead to lower population in the workforce, declining GDP, rising healthcare and pension expenditure. Major factors contributing to this situation are falling fertility rates and longer lifespan in certain regions. The fast rise in the ageing population will drive demand for senior friendly food products and nutritional supplements in coming years.
 

Additionally, there is increasing consumer demand for premium and artisanal food products. Trends include a rise in high-end, aesthetically designed silver cookware and tableware, which enhance the dining experience. Furthermore, there is growing interest in eco-friendly and sustainable silver solutions, reflecting broader environmental concerns. Technological advancements in silver plating and alloy composition are also contributing to market expansion by improving product durability and affordability. This includes affluent consumer segments seeking luxury and high-quality dining experiences, alongside an expanding global market for gourmet and specialty foods.
 

Factors driving the global market are rising healthcare expenditure on elderly population by governments of different countries. For instance, global healthcare spending in 2022 was USD 9.1 trillion. Out of this, the U.S. spent the highest of about USD 4.3 trillion. The global healthcare industry is expected to grow in the coming year and would cross USD 2 trillion in terms of revenue. These factors coupled with increasing awareness among consumers regarding the advantages of healthy eating habits will drive silver food demand.
 

Rising disposable income in developing countries is another factor propelling this industry. Various government initiatives for senior citizens such as the Commodity Supplemental Food Program (CSFP), Senior Farmers' Market Nutrition Program (SFMNP), National Program for Health Care of the Elderly (NPHCE), etc. will boost product demand and will help the global market to grow.
 

Silver Food Market Trends

The silver food industry is experiencing notable shifts driven by the preferences of younger consumers. This demographic increasingly prioritizes health and sustainability, prompting a rise in demand for silver foods that align with these values. Young consumers are drawn to products that offer functional benefits, such as enhanced nutrition or added convenience, and those that emphasize eco-friendly production methods.
 

Additionally, there is a growing interest in foods that incorporate silver nanoparticles for their purported health benefits, such as improved digestion and antimicrobial properties. This trend is complemented by a rising appetite for transparency and ethical practices in food sourcing. To capitalize on these trends, companies must innovate to meet the evolving expectations of younger consumers while addressing their concerns about sustainability and health.
 

Silver Food Market Analysis

Based on product, the market has been categorized into meal boxes and supplements. The supplements segment will capture USD 17.95 billion and demonstrate a 5.8% CAGR by 2032. Meal boxes for elderly also occupy a high industry share in terms of volume. Meal boxes come in various varieties to match the changing requirements of its senior customers. Most meal boxes are ready to eat food with minimal preparation required.
 

Various dietary requirements of the elderly population are taken into consideration by the companies offering meal boxes like gluten free, low carb, low sodium, diabetic friendly, renal diet, etc. A rising elderly population coupled with an increasing number of senior citizens living alone will drive demand for meal boxes in coming years.
 

The grocery stores segment held a 30% silver food market share in 2023, amounting to USD 5.38 billion, and is predicted to grow at a 5.5% CAGR from 2024 to 2032. Senior care facilities are increasingly integrating specialized nutrition solutions into their offerings, focusing on enhancing the dietary quality for elderly residents. Hospitals are adopting silver food options to cater to patients with specific dietary needs, driven by a growing awareness of the role of nutrition in recovery. Grocery stores are expanding their shelves with silver food products, responding to rising consumer demand for convenient, health-oriented options.
 

Meanwhile, online portals are experiencing significant growth, driven by their ability to offer a wide range of products and convenient delivery options. The hospital segment held a significant share of the overall market in 2023. Many silver food manufacturing companies sell their products to hospitals that take care of elderly patients. Rising health issues have led to increasing patients in the hospitals which in turn would increase the requirement for silver food for elderly. High growth in the global healthcare industry will augment this segment’s development and is likely to grow at a rate of about 3% during the forecast timeframe.
 

The Asia Pacific silver food market is projected to achieve USD 10.93 billion, with a CAGR of 7.0% from 2024 to 2032. High sale of supplements in China, India, Japan, and South Korea will be the main driver behind the region’s top industry position. Doctors highly recommend the product, especially for the ageing population to fulfill their nutritional requirements. The increasing number of ailments in this region coupled with rising disposable income will be another important driver behind the silver food industry expansion in the coming years.
 

North America is another key silver food industry which is experiencing growth, due to an increase in the number of elderly people in this region along with problems of obesity, diabetes etc. will boost the local market in the forecast timeframe. The population is aware of the advantages of nutritional food and are increasingly demanding meal kits which incorporate natural ingredients. The growth of online portals for home delivery of food products will also help the silver food industry to grow. These trends will augment product sales in the future.
 

Silver Food Market Share

Companies include, Pfizer, Nestlé, DSM, Abbott Laboratories, and Arla Foods Ingredients Group are making significant contributions. Pfizer is advancing the sector with its research into nutritional supplements tailored for the elderly, focusing on improving health outcomes and quality of life. Nestlé offers a range of specialized nutrition products designed for senior health, leveraging its extensive expertise in dietary science.
 

DSM provides innovative ingredients and nutritional solutions that support age-related health needs, emphasizing high-quality, science-backed formulations. Abbott Laboratories is known for its comprehensive portfolio of medical nutrition products that cater to specific dietary requirements of seniors, enhancing their overall well-being. Arla Foods Ingredients Group contributes with its high-quality dairy ingredients that support bone health and muscle maintenance in older adults.
 

Silver Food Market Companies

Top companies operating in the silver food industry include:

• Pfizer
• Nestle
• DSM
• Abbott Laboratories
• Arla Foods Ingredients Group
• bistroMD
• Magic Kitchen
• Dussmann Group
• Carezzo Nutrition B.V.
• Harrogate Neighbours Housing Association Ltd.
   

Silver Food Industry News

• January 2023: Pfizer expands ‘an accord for a healthier world’ product offering to include full portfolio for greater benefit to 1.2 billion people in 45 lower-income countries.
   
• September 2024:  Sarveshwar Food Limited, a prominent operator in the agri-food industry based in Jammu, has expanded its product portfolio to include a new range of rice-based products. As part of its comprehensive new product development (NPD) strategy, the company has introduced several new items, demonstrating its commitment to quality, innovation, and meeting the changing preferences of consumers who prioritize healthy diets.
   

The silver food market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Billion) (Tons) from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Product

• Meal Box
• Supplements

Market, By Distribution Channel

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

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• MEA
  • Saudi Arabia
  • UAE
  • South Africa