Medical Foods Market Size, Share | Growth Trends, Key Players, and Competitive Strategies – Forecast to 2028
Global Medical Foods Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027, The increasing adoption of healthy alternatives in daily lives due to the rising costs of medical services is one of the major factors driving the growth of global medical foods market.
Global Medical Foods Market is valued at USD 19.25 Billion in 2022 and is expected to reach USD 27.82 Billion by 2028 with a CAGR of 5.4% over the forecast period.
Scope of Global Medical Foods Market Report:
Medical foods are specially formulated and formulated for disease management of diseases that have specific nutritional needs that cannot be met by a normal diet alone are known as medical foods. Under the supervision of a physician, the intake or administration of medical substances is ingested and planned for the specific dietary management of disease and for a condition for which specific nutritional requirements, formulated on recognized scientific principles, are established by medical evaluation. Medical foods do not require FDA premarket review or approval.
Furthermore, they also have an exemption from labeling requirements for health claims and nutrient claims under the Nutrition Labeling and Education Act of 1990. Medical substances are customized for both pediatric and adult use and are available in a variety of forms, including powders, liquids. Capsules, tablets, and bars. In addition, they are a special blend of macronutrients, vitamins, minerals, phytochemicals, and preparations made from botanical or single nutrients.
Get Sample Copy of this Premium Report: https://brandessenceresearch.com/requestSample/PostId/1700
Medical Foods Companies:
The key players of the global medical foods market are
- Nestle S.A.,
- Danone S.A.,
- Abbott Laboratories,
- Fresenius SE & Co.
- KGaA,
- Targeted Medical Pharma, Inc.,
- Primus,
- Pharmaceuticals, Inc.,
- Reckitt Benckiser Group plc.
- Meiji Holdings, and Co., Ltd.,
- Cerecin Inc.,
- Metagenics, Inc.,
Market Segmentation
By Administration:
- Oral
- Enteral
By Product:
- Pills
- Powder
- Others
By Application:
- Diabetic Neuropathy,
- Depression
- Alzheimer’s Disease
- Nutritional Deficiency
- Others
One of the major factors driving to the growth of the global medical food market is the increasing prevalence of long-term conditions followed by a growing geriatric population. According to the Centers for Disease Control and Prevention, 6 out of 10 adults in the United States have heart disease, cancer, chronic lung disease, stroke, diabetes, or any other illness. According to a report released by the WHO, in 2020, an estimated 462 million adults will lose weight, and medical food and external diets were considered the first choice to provide nutritious food to malnourished patients.
In addition, the growing awareness regarding clinical nutrition among healthcare professionals and patients is another factor supplementing the growth of the market. Patients suffer from nutritional deficiencies mainly due to chronic conditions and the negative effects of the drugs used in their treatment. For example, malnutrition is one of the most common conditions during cancer treatment. Helps to get rid of various medical food shortages, which is increasing the market for medical food.
In addition, the increasing number of mergers and acquisitions in the medical food market and rising promotional activities by key players are also fostering market growth. In 2018, Fresenius Kabi AG offered a grant of 1, 17,657.50 United States dollars to support clinical nutrition research in Latin America for individuals having malnutrition. Thus, this factor has a positive impact on the growing demand of the medical food market. Furthermore, many people suffer from malnutrition, chronic conditions, and side effects of medications. For example; malnutrition is a common condition during cancer treatment. Medical foods can be beneficial in getting control of such shortages, creating growth opportunities for the medical food market.
Buy Now: https://brandessenceresearch.com/Checkout?report_id=1700
Regional Analysis-
North America
- U.S., Canada
Europe
- Germany, France, U.K., Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South_Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA
Get Full Report: Medical Foods Market
Related Report:
- Solarea Bio Investigators Receive National Academy of Medicine Healthy Longevity 2022 Quickfire Challenge Award.
- PROLEEVA™ Medical Food Unveils Its Anti-Inflammatory Ingredients at Ultimate Comfort Food Experiment.
- Regulatory Compliance for Dietary Supplements in the US, EU and Canada Training (September 12-13, 2022).
- Human Microbiome Market is likely to grow USD 3,127.916 Million with Registering a CAGR of 22.95% by 2029, Size, Share, Growth, Emerging Trends, and Regional Overview.
- Enriched Dough Market to Cross US$ 621 Million by 2032 as Preference for Highly Nutritional Bakery Products Grows.
- Human Microbiome Market Size Worth $2.92Bn by 2028 at 22.2% CAGR Led by Probiotics Products (24.71% Market Share in 2021) Global Analysis by The Insight Partners.
- 2-day Interactive Seminar on Regulatory Compliance for Dietary Supplements: Focus on US, EU and Canada – June 13-14, 2022.
- Physician Experts and Patients Available for Media Interviews on Formula Shortage.
- FDA Takes Important Steps to Improve Supply of Infant and Specialty Formula Products.
- Insulin Syringes Market Size to Reach USD 2.69 Billion in 2030, Says Reports and Data.
Brandessence Market Research & Consulting Pvt ltd.
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Contact us:
Website: https://brandessenceresearch.com
Mr. Vishal Sawant
Email: vishal@brandessenceresearch.com
Email: Sales@brandessenceresearch.com
Corporate Sales: +44-2038074155
Asia Office: +917447409162