Medical Foods Market Outlook
According to the report by Expert Market Research (EMR), the global medical foods market size is projected to grow at a CAGR of 6% between 2024 and 2032. Aided by the advancements in nutritional science and increasing prevalence of chronic diseases, the market is expected to grow significantly by 2032.
Medical foods are specially formulated and intended for the dietary management of a disease that has distinctive nutritional needs that cannot be met by normal diet alone. These products are used under medical supervision and are essential in managing chronic diseases and conditions such as Alzheimer’s, renal failure, diabetes, and metabolic disorders.
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The medical foods market growth is primarily driven by the increasing prevalence of chronic diseases and disorders worldwide. With a growing aging population and the rise in lifestyle-related health issues, there is a heightened demand for medical foods as a means to manage these conditions more effectively.
In addition to the increasing health consciousness among consumers, there is a significant shift towards personalised nutrition, which is further propelling the market growth. Medical foods offer targeted nutritional therapy tailored to individual patient needs, aligning with the broader trend towards personalised healthcare.
According to the medical foods market analysis, another key driver is the advancements in nutritional science and food technology. These advancements have led to the development of innovative medical food products with enhanced efficacy, safety, and palatability, thereby increasing their acceptance among patients and healthcare professionals.
The medical foods industry is subject to stringent regulatory standards to ensure product safety and efficacy. The regulatory landscape varies significantly across different regions, impacting the market dynamics. Navigating these complex regulations remains a challenge for manufacturers.
The market is segmented based on the type of product, application, and sales channel. The market caters to a wide range of medical conditions, with products available in various forms such as pills, powders, and liquids.
Regionally, North America holds a substantial portion of the medical foods market share, attributed to the advanced healthcare infrastructure, high healthcare expenditure, and the presence of key market players. However, Asia-Pacific is expected to witness rapid growth due to increasing healthcare awareness, rising chronic disease prevalence, and improving healthcare infrastructure.
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Medical Foods Market Segmentation
The market can be divided based on route of administration, product type, application, sales channel, and region.
Market Breakup by Route of Administration
- Oral
- Enteral
Market Breakup by Product Type
- Pills
- Powders
- Others
Market Breakup by Application
- Chronic Kidney Disease
- Minimal Hepatic Encephalopathy
- Chemotherapy-induced Diarrhoea
- Pathogen Related Infections
- Diabetic Neuropathy
- ADHD
- Depression
- Alzheimer’s Disease
- Nutritional Deficiency
- Orphan Disease
- Phenylketonuria
- Eosinophilic Esophagitis
- FPIES
- Others
- Others
Market Breakup by Sales Channel
- Online Sales
- Institutional Sales
- Retail Sales
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global medical foods market. Some of the major players explored in the report by Expert Market Research are as follows:
- Danone S.A
- Nestle S.A
- Abbott Nutrition
- Targeted Medical Pharma Inc.
- Primus Pharmaceuticals, Inc.
- Others
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