Medical Foods Market Overview:
Medical Foods Market size was valued at US$ 20.56 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 6.5% through 2024 to 2030, reaching nearly US$ 31.95 Bn.
The study is based on thorough research, qualitative and quantitative assessment by industry experts, and inputs from professionals in the field and supply chain players. The research examines parent market trends, macroeconomic data, and controlling variables in-depth, as well as market attractiveness by segment. The qualitative influence of key market variables on market segments and regions is also mapped out in the study.
Market Scope:
This Medical Foods market review examines the latest developments, regulatory frameworks, trade analysis, business model, supply chain utilization, market dominance, the impact of residential and localized market participants, assessments possibilities in terms of evolving revenue spots, shifts in market regulations, tactical industry growth analysis, sales volume, categorical market growth, implementation niches and dominance, product releases, global coverage, and, product launches. Contact Stellar Market Research for an Analyst Brief to learn more about the Medical Foods market. Our staff will assist you in making an educated market decision to achieve market growth.
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Segmentation:
By Application
Chronic Kidney Disease
Minimal Hepatic Encephalopathy
Chemotherapy Induced Diarrhea
Pathogen Related Infections
Diabetic Neuropathy
ADHD
Depression
Alzheimer's Disease
Nutritional Deficiency
Orphan diseases
Wound Healing
Chronic Diarrhea
Constipation Relief
Others
By Product
Pills
Powder
Liquid
Others
The medical foods market is divided into four segments based on the product: pills, powder, liquid, and others. The powder segment is anticipated to expand quickly, with a compound annual growth rate (CAGR) of between 2024 and 2030. This is because powdered medical meals are widely available commercially. Furthermore, the segment's growth is being propelled by the growing convenience and desire for consumption among elderly and pediatric patients with a range of chronic illnesses. Physicians also strongly advise powder formulations, which may be given to patients of all ages orally or enterally, and these formulations are predicted to propel the market's expansion. Also, producers are focusing on creating consumer-friendly medicinal foods.
By Route of Administration
Oral
Enteral
The market is divided into two segments: oral and enteral, based on the route of administration. By 2029, the oral route of administration category is anticipated to have the biggest market share. During the course of the forecast period, the segment expansion in the global market is anticipated to be driven by the increasing usage of the oral route for the delivery of therapeutic meals. During the forecast period, an increase in the production of oral products, such as tablets, powders, and pre-thickened products, is anticipated to bolster the adoption of this segment. For instance, Modulen is a Nestle medical food product that helps people with Crohn's disease regain their necessary nutritional intake. These are the variables that are anticipated to fuel this market segment's expansion within the medical foods industry.
By Sales Channel
Online Sales
Institutional Sales
Retail Sales
The market is divided into three segments based on the sales channel: institutional sales, retail sales, and online sales. The Institutional Sales segment is anticipated to expand at a compound annual growth rate (CAGR) of between 2024 and 2030. The institutional sales channel, which includes healthcare facilities, assisted living homes, and facilities for the disabled, generated over 40.0% of total revenue in 2022. An increase in patient visits to hospitals and other healthcare facilities for the diagnosis and treatment of various chronic and dietary disorders is driving this market segment. For the treatment of particular illnesses, doctors prescribe medical meals. In addition, consumers' growing inclination to see a doctor in a hospital for management of chronic illnesses is anticipated to propel the market. Additionally, the growing quantity of private and public healthcare facilities, along with the world's patient population suffering from chronic illnesses, are anticipated to fuel segment growth in the medical foods market throughout the course of the projected year.
Key Players:
To extend their presence in emerging nations and eventually broaden their client base, the key players in the market are embracing different growth tactics such as agreements and strategic alliances, as well as new product debuts. The following are some of the major participants in the Medical Foods market:
Nestle
Danone
Abbott
Mead Johnson & Company, LLC
Fresenius Kabi
Targeted Medical Pharma, Inc.
Primus Pharmaceuticals, Inc.
Medtrition, Inc.
Reckitt Benckiser Group plc.
Metagenetics, Inc.
Cerecin Inc.
Alfasigma USA, Inc.
Others
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Regional Analysis:
Individual market affecting elements and changes in market legislation that affect present and future marketing strategies are also discussed in the country-focused discussion of the Medical Foods market study. Some of the primary elements utilized to anticipate the market situation for particular nations are consumer volumes, processing facilities, and inventories, shipping analysis, price predictive modeling, price of raw materials, and upstream and downstream value chain analysis. While offering forecast analysis of the national data, the existence and affordability of global brands, as well as the obstacles they face due to significant or limited rivalry from local and domestic manufacturers, the influence of local tariffs, and shipping lanes are all taken into account.
COVID-19 Impact Analysis on Medical Foods Market:
The COVID-19 outbreak resulted in a severe and prolonged decline in production efficiency, while travel bans and factory closures kept people away from their businesses, leading the Medical Foods market to slow . The new research features pandemic's impact on the Medical Foods market, as well as observations, research, estimations, and projections. The Stellar Medical Foods Market Research study contains an in-depth examination of customer behavior in the aftermath of the virus, as well as its influence on the Medical Foods market's outlook, classification, trends, and economic constraints.
Key Questions Answered in the Medical Foods Market Report are:
- What are the drivers motivating overall Medical Foods market advancement in the upcoming period?
- What revenue potential is estimated from the Medical Foods market’s transactions in the years ahead?
- What CAGR potential is forecasted for the Medical Foods market in the approaching period?
- Who are the significant contenders functioning in the Medical Foods market?
- Which region is leading the global Medical Foods market share at the end of the forecast period?
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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