Medical Foods Market: Analysis, Top Companies, Size, Demand, and Opportunity To 2027
According to the latest report by IMARC Group, titled, “Medical Foods Market Size:Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027″, The global medical foods market size reached US$ 20.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.2 Billion by 2027, exhibiting a CAGR of 5.8% during 2022-2027.
Medical foods are consumed under the supervision of a physician or intended for the dietary management of different diseases and conditions. These food products comprise vitamins, minerals, botanicals, coenzymes, omega-2 fatty acids, taurine, and antioxidants. They aid in enhancing the immune and digestive systems and managing nutritional deficiencies. At present, they are available in the form of pills, puddings and pre-thickened products, and powder and liquids for oral intake around the world.
A significant increase in the prevalence of chronic diseases represents one of the major factors impelling the growth of the market. Medical foods are recommended by physicians as they aid in managing the symptoms of multiple sclerosis, neurological conditions, dementia, and stroke. Additionally, growing awareness about the need for clinical nutrition among healthcare professionals and patients is catalyzing the demand further. Besides this, the increasing internet penetration is boosting product sales via e-commerce websites.
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Global Medical Foods Mark 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Abbott Laboratories, Alphasigma SpA, Danone SA, Fresenius Kabi AG, Mead Johnson & Company LLC (Reckitt Benckiser), Medtrition Inc., Meiji Holdings Co., Inc. Ltd., Metagenics Inc. (Alticor), Nestle SA, Primus Pharmaceuticals Inc., Targeted Medical Pharma Inc. and Victus Inc.
The report has segmented the market on the basis on region, product, route of administration, application and distribution channel.
Breakup by Product:
Pills
Powder
Others
Breakup by Route of Administration:
Oral
Enteral
Breakup by Application:
ADHD
Depression
Diabetes
Cancer
Alzheimer’s Disease
Metabolic Disorders
Others
Breakup by Distribution Channel:
Supermarkets
Hospital and Retail Pharmacies
Online Pharmacies
Others
Breakup by Region:
North America: (United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, RussiaOthers
Latin America: (Brazil, Mexico,Others)
Middle East and Africa
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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