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The medical foods market size is forecast to increase by USD 5.19 billion, at a CAGR of 4.8% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by the increasing demand for specialized nutritional solutions across various sectors. Infant nutrition remains a significant focus, with ongoing research and development in ingredient sourcing to ensure optimal nutrition for growing infants. Specialized diets, including those for toddlers, patients with food allergies, and those requiring metabolic support, are also gaining traction. Patient compliance is a critical factor in the success of medical food products, with a focus on extended shelf life and convenient packaging requirements. Elderly nutrition and hepatic support are emerging areas of interest, as the global population ages and nutritional needs shift.
Regulatory compliance, including protein supplementation and vitamin fortification, plays a crucial role in the development of medical foods. The importance of nutrient absorption, calorie density, mineral balance, and weight management is also a key consideration. Formula development for enteral nutrition and clinical nutrition continues to advance, with a focus on disease management, glucose control, appetite stimulation, and renal support. The gut microbiome and immune function are also areas of increasing interest, with omega-3 fatty acids and dietary fiber playing essential roles. The market is characterized by continuous innovation, with ongoing research and development in nutritional deficiencies, nutrient absorption, and regulatory compliance.
The market's dynamism is reflected in the evolving patterns of ingredient sourcing, product formulation, and quality control.
The medical foods industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The powder segment is estimated to witness significant growth during the forecast period.
In the market, companies provide powder medical foods tailored to address the unique nutritional requirements of diverse patient populations. Developed through collaborative efforts between registered dieticians, food scientists, and nutritionists, these powders cater to adults, geriatric consumers, infants, children, and new mothers. They support disease management for conditions such as chronic kidney disease, minimal hepatic encephalopathy, chemotherapy-induced diarrhea, pathogen-related infections, diabetic neuropathy, attention deficit hyperactivity disorder (ADHD), depression, Alzheimer's disease, nutritional deficiencies, and various orphan diseases like phenylketonuria and eosinophilic esophagitis. These medical foods are formulated to meet specific dietary needs, including specialized diets for food allergies, gut microbiome management, and metabolic support.
They offer enteral nutrition, hepatic support, and omega-3 fatty acid supplementation. companies prioritize regulatory compliance, ensuring product formulation aligns with medical food regulations. Quality control and packaging requirements are stringently adhered to, while vitamin fortification enhances nutrient absorption. Calorie density and mineral balance are crucial considerations, with some products designed for weight management and renal support. Glucose control and appetite stimulation are essential features for certain patient populations. Dietary fiber and clinical nutrition support digestive health and immune function. companies prioritize shelf life, ensuring patients receive effective and safe medical foods.
The Powder segment was valued at USD 5.36 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In North America, there is a significant increase in the consumption of medical foods, dietary supplements, and prescription drugs due to the rising prevalence of obesity and chronic diseases, including cardiovascular conditions. This trend is driven by the deficiency of essential nutrients in diets and the inclusion of synthetic products. According to the Centers for Disease Control and Prevention (CDC), in 2023, approximately 8.9% of the US population had diabetes, with this number growing by 5% annually. Medical foods play a crucial role in addressing nutritional deficiencies and supporting various health conditions, such as metabolic disorders, enteral feeding, hepatic support, and immune function.
These foods cater to specialized diets, including infant and toddler nutrition, and address food allergies and gut microbiome imbalances. Regulatory compliance is essential in the production of medical foods, ensuring quality control, vitamin fortification, and mineral balance. Shelf life, calorie density, and appetite stimulation are also critical factors in their formulation. Renal support, clinical nutrition, and digestive health are other areas where medical foods offer significant benefits. In the development of medical foods, ingredient sourcing, product formulation, and regulatory compliance are key considerations. Packaging requirements and nutrient absorption are also essential aspects of medical food production. Omega-3 fatty acids, protein supplementation, and disease management are some of the other areas where medical foods provide essential support.
The Global Medical Foods Market is experiencing significant medical foods market growth, largely due to the increasing focus on dietary management of disease and the rising prevalence of medical foods for chronic diseases. A growing aging population (medical foods) further fuels demand for specialized nutritional support. Products like medical food powders and liquid medical foods are crucial for malnutrition (medical foods) prevention and treatment, often used in clinical nutrition settings and for hospital nutrition. The Global medical foods market size continues to expand, driven by robust new product development medical foods and evolving medical foods industry trends. Specialized formulas, such as medical foods for metabolic disorders and medical foods for gastrointestinal disorders, are vital for specific patient groups. The convenience of e-commerce medical foods is enhancing accessibility, offering nutritionally complete medical foods for home use through programs like home enteral nutrition (HEN). The future of this market is also being shaped by personalized nutrition and the complex regulatory landscape medical foods.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The medical foods market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the medical foods market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, medical foods market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Abbott Laboratories - This company specializes in the provision of a comprehensive selection of medical food brands, including Elecare and Ensure, catering to various nutritional needs.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Medical Foods Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
136 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.8% |
Market growth 2024-2028 |
USD 5189.2 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.5 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Market Segmentation by Application
9 Market Segmentation by Distribution Channel
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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