NEWARK, Del, Aug. 22, 2024 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global medical nutrition market is projected to hit around USD 16,192.6 Million in sales by the end of 2024. With a projected CAGR of 6.4%, the industry is expected to surpass USD 26,555.9 Million by 2034, reflecting strong growth and increasing demand for specialized nutritional products.
The medical nutrition industry is rapidly growing, driven by rising awareness of the importance of nutrition in managing and preventing diseases. As healthcare shifts towards more personalized treatments, demand for tailored nutritional solutions is increasing. This sector encompasses products designed to meet the dietary needs of individuals with specific medical conditions, such as malnutrition, gastrointestinal disorders, and chronic illnesses. With advancements in research and a growing focus on preventive healthcare, the medical nutrition market is set to expand significantly in the coming years.
The medical nutrition industry encompasses specialized nutritional products designed to support disease management, recovery, and overall health. Its applications range from managing chronic conditions like diabetes and gastrointestinal disorders to supporting recovery in critical care and malnutrition. This industry plays a crucial role in healthcare, offering tailored solutions that enhance patient outcomes and quality of life.
The growth of the medical nutrition industry is fueled by several key factors, including the rising prevalence of chronic diseases, increasing awareness of the role of nutrition in disease management and prevention, advancements in medical research, and a growing aging population. Additionally, heightened diagnoses of conditions like gastrointestinal disorders and the demand for personalized nutritional solutions are driving market expansion.
The medical nutrition industry is experiencing significant growth, driven by rising awareness of its role in disease management and prevention. Increasing diagnoses of chronic conditions like gastrointestinal disorders, diabetes, and cancer are fueling demand for tailored nutritional solutions and multi-nutritional supplements. Additionally, an aging population and a focus on preventive healthcare are contributing to the industry's expansion, with innovations in personalized nutrition and therapeutic diets becoming key trends.
“The growth of personal medicine and digital health is boosting nutrition’s market by improving precision. This is driven by an aging population with chronic diseases and ongoing research emphasizing diet’s role in disease prevention and management.” - says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Key Takeaways from the Report:
- Global medical nutrition sales increased at a CAGR of 5.1% from 2019 to 2023.
- The sale of medical nutrition in the United States is projected to exhibit a CAGR of 4.3% during the assessment period by 2034.
- By 2034, Germany is expected value share to account for 21.5% of medical nutrition sales in Europe.
- Consumption of Medical Nutrition in China is expected to increase at a value CAGR of 6.5% over the next ten years.
- Sales of multivitamins and antioxidants are projected to register a CAGR of 6.7% from 2024 to 2034.
- The oral mode of delivery segment is anticipated to advance at 9.5% CAGR during the projection period.
Competition Outlook:
The medical nutrition market is highly competitive, with numerous players vying for market share through innovation and product differentiation. Key strategies include leveraging advanced technologies and focusing on personalized solutions to meet the diverse needs of an aging population. Major companies are also investing in research and development to stay ahead in this rapidly evolving sector.
Explore Detailed Insights and Innovations in the Medical Nutrition Market here! https://www.futuremarketinsights.com/reports/medical-nutrition-market
Key Players Operating in the Industry:
- Zeon Lifesciences Ltd.
- Nestle
- GSk plc
- Sun Pharmaceutical Industries Ltd
- Sanofi
- Abbott
- Danone S.A
- BASF SE
- Fresenius SE & Co
- KGaA
- Leprino Foods Company
- Fresenius Kabi Ltd
- Esperer Onco Nutrition
- Kate Farms
- Guardion Health Sciences
- DSM
- Baxter
Medical Nutrition Market Segmentation Analysis:
By Nutrition Type:
- Proteins
- Carbohydrates
- Multivitamins & Antioxidant
- Amino acids
- Fiber
- Mineral
- Others
By Health Condition:
- Cancer
- Diabetes
- Gastrointestinal disease
- Metabolic syndrome
- Others
By Patient Type:
- Infant
- Adult
- Geriatric
By Mode of Delivery:
- Store-based Retailing
- Hypermarkets & Supermarkets
- Convenience Store
- Drug Stores & Pharmacies
- Specialty Stores
- Other Retailers
- Online Retailing
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
About the Food & Beverage Division at Future Market Insights:
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 Million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions, and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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