The Medical Nutrition Market is anticipated to grow at a CAGR of 8.1% to reach US$ 64.50 billion by 2027 from US$ 37.35 billion in 2020. A group of medical food products that are used under the guidance of healthcare professionals for nutritional management during a medical condition or disease is referred to as medical nutrition. Medical nutrition helps in providing an adequate amount of nutrients according to the requirement of each patient. Medical nutrition may be required by an individual for the short or long term and may even extend to a lifetime depending on the situation and severity of the disease.
The major factor driving the medical nutrition market growth is the aging population across the globe which is increasing the number of cases of gastrointestinal diseases, cancer, diabetes, and obesity among others. The mounting demand for sufficient nutrients owing to the changing consumer lifestyle is proliferating the developments in the medical nutrition industry. Moreover, the rising incidence of premature birth is contributing to the growth of the medical nutrition market. However, the high costs associated with medical nutrition is a key factor hampering the demand from the economically weak class of consumers.
Medical nutrition helps in maintaining desirable body weight while providing adequate energy to the patient, improves metabolism, and slows down or reverses the symptoms of chronic diseases, among various other benefits. Some of the key player's maps for the medical nutrition market analysis are Danone, DSM, BASF SE, and Abbott, Pfizer Inc., Perrigo Company plc, and B. Braun Melsungen AG, among others. These players offer medical nutrition products in various forms and for a wide range of applications.
A prime contributor to malnutrition across the globe is the high prices of healthy foods and the availability of large volumes of unhealthy foods. A study by the researchers at the International Food Policy Research Institute (IFPRI) documented that there is significant and systematic variation in the affordability of healthy and unhealthy food across the globe. It also says that the relative difference between the prices explains the difference in international dietary patterns overweight prevalence and child stunting among others.
The research report analyses the ecosystem and value chain of the Medical Nutrition market. The report categorizes the Medical Nutrition Market to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.
Market Size by Type
Market Size by Product Type
Market Size by Taste
Market Size by Route of Administration
Market Size by Application
Market Size by End-users
Market Size by Distribution Channel
The unique insights provided by the PC as a Service market report also includes the following:
In terms of market by product type, the multiple vitamins and antioxidants market segment accounted for the largest share in the medical nutrition market in the year 2020
On the basis of product type, the medical nutrition market is segmented as proteins, amino acid solution, carbohydrates, multiple vitamins & antioxidants, minerals, and others. The multiple vitamins and antioxidants segment is anticipated to dominate the medial nutrition market throughout the forecast period owing to the increasing demand for multivitamins supplements for reducing insufficiencies among the patients. The Covid-19 pandemic has demonstrated a double-edged sword for the nutrition industry, sabotaging revenues while driving the interest in health-related products, primarily in the immune system support. In September 2020, following the success of its Essential for Women line, supplement brand Ritual expanded its consumer profile with the launch of new multivitamins Essential for Men 18+ and Essential for Men 50+.
Amino acids are used as a medium to provide a concentrated, peculiar, and efficient intake of required nutrient components in medical foods for elderly people with lower digestive capabilities, malnourished patients, as well as in other uses. Amino acids are referred to as the building blocks of proteins are vital for the synthesis of hormones, and neurotransmitters. Biotechnological methods are being used for the production of amino acids and modern biotechnology is utilized to increase the production yield. With plant-based nutrition gaining popularity, plant-based raw materials such as corn, soybean, and wheat are used for production owing to their high concentrations of amino acids.
The carbohydrate segment of the medical nutrition market is expanding at a CAGR of 11.9% during the forecast period. It is generally recommended to consumers 45-65% of the total calorie intake by a person in the form of carbohydrates per day. However, carbohydrate needs to depend on such as body size, activity levels, and blood sugar control. The Food and Drug Administration (FDA) recommends that people get 275 g of carbohydrate each day in a 2,000-calorie diet. This includes total sugars, dietary fiber, and added sugars, which are listed on food labels.
On the basis of region, North America held the largest market share in the Medical Nutrition market segment is growing at a CAGR of 7.2% during the forecast period
Medical Nutrition Market in North America is deep-rooted, owing to the factors such as the presence of the growing burden of chronic diseases, a large geriatric population base, and increased awareness in society regarding medical nutrition. In recent years, North America has observed high focus by the companies and hospitals, towards health and wellness, aging, and disease prevention. Preventive medical nutrition is steadily and efficiently being adopted by healthcare centers in the region for various chronic diseases, including diabetes, ischemic stroke, coronary artery disease, and few cancer indications. Moreover, healthcare expenditure in North America is growing faster than economic growth. In addition to this presence of efficient and responsive health systems across the United States and Canada has also contributed to the maximum share of GDP. These are the primary contributors driving the demand and growth in the medical nutrition market of North America.
Medical Nutrition Market Dynamics such as drivers, restraints opportunities, and challenges:
|1||Oct-20||Campaign||DSM launched a brand new campaign for its human nutrition and health market segments. The concept of new campaign revolves around DSM’s strategic direction as an end-to-end partner in human nutrition and health market in the value chain. The campaign reflects company’s position as innovative, reliable, and purpose-led partner.|
|2||Apr-20||Acquisition||DSM completed the acquisition of Glycom, leader in Human Milk Oligosaccharides (HMO) for €765 million. HMOs is an essential for cognitive and digestive functions, development of immunity. HMOs are also used to cover unmet nutrition needs like irritable bowel syndrome. The acquisition will add HMOs to DSM’s product portfolio.|
|3||May-19||Agreement||BASF and Glycosyn entered into a strategic partnership for development and commercialization of human milk oligosaccharides (HMOs) for use in medical food, functional nutrition and dietary supplements.|
The report also provides in-depth analysis of recent news developments:
The key players operating in the medical nutrition market are:
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.