Medical Foods Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Great American Spice Company, Nestle, Abbott

Registering a CAGR of 5.2 %over the forecast period, the market value of Medical Foods is expected to reach US$ 21.2 billion in the year 2027.

Medical Foods Market Overview

The growing geriatric population suffering from chronic and neurogenic disorders such as dementia, stroke, multiple sclerosis, and swallowing difficulties necessitates specialised nutritional treatment, which is likely to drive the market over the forecast years. According to the World Health Organization, the global population of people aged 60 and more is predicted to double between 2015 and 2050, from 12% to 22%. Furthermore, the use of medical foods is expected to be driven by an increased demand to consume specialised meals in order to control chronic conditions such as obesity, diabetes, and other nutritional ailments. Several industry consolidation activities by the manufacturers in the clinical nutrition industry are also expected to propel the market growth over the forecast years. Activities by the manufacturers such as acquisitions, mergers, product launches, and partnerships to enhance their product reach are expected to propel market growth over the coming years.

The report aspects discussed the profile of the top manufacturers of the global Medical Foods market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Medical Foods Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Industry News and Updates

April 29, 2022- ABBOTT TO RELEASE METABOLIC NUTRITION FORMULAS-- 

At the request of the U.S. Food and Drug Administration (FDA), Abbott (NYSE: ABT) is releasing limited quantities of metabolic nutrition formulas that were previously on hold following Abbott's recall of some powder infant formulas from its Sturgis, Mich., facility. The products have been tested and comply with all product release requirements before distribution. The lots being released were not included in the recall.

What are the major Applications, Types and Regions for Medical Foods Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Thread Form


• Powder Form


• Liquid Form


• Others

By Application, it is segmented into

• Retail


• Food Service (Restaurants, Hotels etc)


• Medical & Pharmaceuticals


• Nutritional Supplements


• Others

Medical Foods Market Segments Analysis

• The powder segment accounted for the largest revenue share of over 35.0% in 2021 owing to the high commercial availability of medical foods in the form of powder. In addition, increasing preference and ease in consumption by the pediatric and geriatric patients suffering from different chronic diseases are fueling the segment growth.


• The liquid segment is anticipated to grow at the fastest rate during the forecast period owing to the rising adoption of liquid formulations in the pediatric and geriatric population, where the intake of solid formulations is limited or impossible and in case of clinically diagnosed dysphagia or when oral physiology is limited. 

Medical Foods Market Regional Analysis

North America held the largest revenue share of over 30.0%. The presence of international companies such as Abbott Laboratories and Mead Johnson & Company and the high revenue generation of these companies are driving the market. Furthermore, strategic initiatives by leading players in the form of mergers, acquisitions, and product launches, as well as the rising prevalence of chronic diseases and increased adoption of medical food items by healthcare professionals and patients, are fueling market growth. Because of the rising number of cancer and diabetic patients, as well as many government initiatives in the healthcare sector, the Asia Pacific region is expected to be the fastest-growing regional market over the projection period.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Medical Foods Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Medical Foods Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Medical Foods Market report scope?

Key Takeaways from this Medical Foods Report

• Evaluate Medical Foods market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Medical Foods market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Medical Foods Market?

The Medical Foods Market is growing at a CAGR of 5.2% over the next 5 years.

Who are the key players in Medical Foods Market?

Nestle S.A., Abbott Laboratories, Targeted Medical Pharma Inc., Reckitt Benckiser Group Plc., Cerecin Inc., Danone S.A, Primus Pharmaceuticals Inc., Fresenius SE & Co. KGaA, Meiji Holdings and Co. Ltd., Metagenics Inc.

What are the significant types of Medical Foods Market?

Thread Form, Powder Form, Liquid Form, Others

What are the major end-use applications of Medical Foods Market?

Retail, Food Service (Restaurants, Hotels etc), Medical & Pharmaceuticals, Nutritional Supplements, Others

On the basis of type, Which segment is likely to hold the major share in the Medical Foods Market?

Powder Form segment to hold the largest share in Medical Foods market.

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