Medical Foods Market Research Report Information By Nutritional Ingredients (Vitamins and Minerals, Proteins, Omega-3, Isoflavones, Phytosterols, and Others) by Route of Administration (Oral and Enteral) By Form (Pills, Powder, and Others) by Application (Chronic Kidney Disease, Nutritional Deficiency, Neurological & Psychological Disorders, Metabolic Disorders, Pain Management, Gastrointestinal Disorders, Orphan diseases, and Others) by Distribution Channel (E-commerce, Hospital Pharmacies, Retail Pharmacies, and Others
According to MRFR analysis, the global Medical Foods Market is expected to register a CAGR of 6.3% from 2023 to 2032 and hold a value of over USD 35.3 billion by 2032.
The escalated demand from the geriatric population is foreseen to bolster the medical foods market companies in the upcoming period. The improved facility to produce specialized products on a large scale is anticipated to amplify the progress of the medical foods market share in the impending period.
In the face of the worsening scenario, the medical foods segment has emerged quite lucrative, as these products help deal with nutrient deficiencies. Diabetes has been one of the most common chronic diseases worldwide and has raised the consumption rate of medical foods.
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Segmentation
The segmental appraisal of the medical foods market is conducted on the basis of nutritional ingredients, form, ailment, and region. The ailment segment of the medical foods market comprises of diabetic neuropathy, nutritional deficiency, Alzheimer’s diseases, depression, and others.
The nutritional ingredients segment of the medical foods market comprises of omega-3, isoflavones, phytosterols, vitamins and minerals, and proteins. The region segment of the medical foods market consists of North America, Europe, Asia Pacific, and other promising regions. The form segment of the medical foods market comprises of powder and pills.
Key Players
Some of the top market players are Danone (France), Abbott (U.S.), Targeted Medical Pharma Inc. (U.S.), Mead Johnson & Company, LLC (U.S.), Primus Pharmaceuticals Inc. (U.S.), Nestlé (Switzerland), and Fresenius Kabi AG (Germany).
Regional Analysis
The regional overview of the medical foods market is segmented into North America, Europe, Asia-Pacific, and other promising regions. The North American region’s medical foods market is governing the global market shadowed by the European region. Growing understanding of medical foods in the U.S. and the increasing crisis of Alzheimer’s diseases is driving the medical foods market in this region.
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The Asia-Pacific medical foods market is anticipated to be the fastest budding region in China’s main supplier. Constant innovation and enhanced education to medical foods will encouragingly impact the medical foods market in other regions as well. The increased necessity for food that is prepared to be ingested or distributed under the supervision of a physician and is envisioned for the specialist dietary supervision of a disease or condition for which distinctive nutritional requirements are defined by medical evaluation is referred to as medical food.
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