Medical Foods Market Overview with Demographic Data and Industry Growth Trends 2019-2023

24/giu/2019 07:43:51 Tejas Amale Contatta l'autore

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Medical Foods Market - Overview

Owing to growing consumer needs and dietary supplements. Market Research Future, recently announced in its report "Global Medical Foods Market Research Report - 2023" that the market will demonstrate an exceptional market while achieving million dollar growth readily in the forecast period.

The escalating medical service cost has resulted in consumer shift towards adoption of healthy alternatives into their daily routine. Owning to this, the consumption and demand for medical foods have experienced a drastic increase. Consumers are identified to include consumption of functional foods and supplements as a part of their daily diet. Medical foods provide essential nutrients the body thereby enhancing the body’s metabolism.

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Apart from this, increasing growth of organized retail sector is expected to fuel the sales of medical foods during the forecast period. Increasing chronic diseases among the growing population is driving the growth of the market. Moreover, nutritional deficiency is a common concern observed globally which will propel the growth of the global medical foods market. Increasing geriatric population is anticipated to be a major factor driving the growth of medical foods market.

Key Players

Some of the key players profiled in the Global Medical Foods Market are

  • Danone (France)
  • Nestlé (Switzerland)
  • Abbott (U.S.)
  • Mead Johnson & Company, LLC (U.S.)
  • Primus Pharmaceuticals Inc. (U.S.)
  • Targeted Medical Pharma Inc. (U.S.)
  • Fresenius Kabi AG (Germany)

Global Medical Foods Market – Segments

The Global Medical Foods Market has been divided into nutritional ingredients, form, ailment, and region.

On the Basis of Nutritional Ingredients: Vitamins Minerals, Proteins, Omega-3, Isoflavones, Phytosterols

On the Basis of Form: Pills, powders, and others

On the Basis of Ailment: Alzheimer's Diseases, Diabetic Neuropathy, Nutritional Deficiency, and Depression

On the Basis of Region: North America, Europe, Asia Pacific, and ROW.

Global Medical Foods Market - Regional Analysis

The Global Medical Foods Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global Medical Foods Market is highly dominated by North America and Europe owing to high consumption of nutritive and functional dietary supplement on a regular basis. North America is estimated to hold its own dominance throughout the forecast period of 2017-2023. Among the North American region, the US is accounting for a significant market proportion in the North America market. Also, the US is estimated to retain its dominance throughout the forecast period of 2017-2023. Presence of established players in medical food products in the US has attracted a huge consumer base. Product promotions through celebrity endorsements

However, Asia Pacific is projected to expand at a high peace during the forecast period of 2017-2023. Escalating consumption of dietary supplement for enhanced body metabolism is supporting the sale of medical foods in this region. Presence of multi-national companies involved in the production of medical foods and running awareness. Rising per capita disposable income is also a key driver for this market in Asia Pacific.

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