Persistence Market Research delivers key insights on the global ready-to-use therapeutic food market and analyzes the key factors and trends impacting market performance over an eight-year forecast period (2016 – 2024). In 2015, the global ready-to-use therapeutic food market was valued at US$ 249.2 Mn, and this is estimated to increase to US$ 276.0 Mn by 2016 end, reflecting a Y-o-Y growth rate of 10.7%. In terms of value, the global ready-to-use therapeutic food market is expected to register a CAGR of 10.6% during the forecast period.
“The global ready-to-use therapeutic food market offers great opportunities for market players with UNICEF encouraging the domestic production of ready-to-use therapeutic foods”.
The Drinkable ready-to-use therapeutic food segment is expected to gain significant market share during the forecast period. The Semi-solid Paste segment is estimated to be valued at US$ 251.1 Mn by 2016 end and is expected to reach US$ 559.8 Mn by 2024 end, registering a CAGR of 10.5% during the forecast period. The Drinkable Therapeutic Food segment is estimated to be valued at US$ 15.5 Mn by 2016 end and is expected to reach US$ 39.0 Mn by the end of 2024. This segment is expected to witness a CAGR of 12.2% during the forecast period.
- The MEA market is likely to account for comparatively higher revenue contribution in the global ready-to-use therapeutic food market.
- The North America ready-to-use therapeutic food market is estimated to be valued at US$ 35.7 Mn by 2016 end, and is expected to reach US$ 78.2 Mn by 2024 end, registering a CAGR of 10.3% over the forecast period.
- Europe is expected to witness high production capacity and revenue share in the global ready-to-use therapeutic food market between 2016 and 2024.
- The APAC market is anticipated to represent absolute $ opportunity of US$ 1.7 Mn in 2016 over 2015 and incremental $ opportunity of US$ 27.2 Mn between 2016 and 2024.
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Cost-effective availability of raw materials in the APAC region is likely to fuel the production of ready-to-use therapeutic foods and subsequently boost the APAC ready-to-use therapeutic food market during the forecast period.
Key Market Players
Insta Products (EPZ) Ltd., MANA, Nutrivita Foods Pvt Ltd., Power Foods Industries Ltd., Tabatchnick Fine Foods, HILINA Enriched Food Processing Center P.L.C., GC Rieber Compact AS, Diva Nutritional Products, Edesia, Inc., Nutriset, and InnoFasoSA are some of the companies operating in the global ready-to-use therapeutic food market.
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