Medical Foods Market Overview
Owing to growing consumer needs and their awareness about dietary supplements and other medical foods required for nutrition and prevention of chronic disorders has grown in recent years. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages Nutrition sector among others, recently forecasted in its report “Global Medical Foods Market Research Report- Forecast to 2023” that the market will demonstrate an exceptional CAGR % while achieving million-dollar growth readily in the forecast period.
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 Medical Foods 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.
Global Medical Foods Market Segmentation
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, food grade argonand Depression
- On the Basis of Region: North America, Europe, Asia Pacific, and ROW.
Medical Foods Market Key Players:
Industrial players are involved in the acquisition of small players which will further support the company to expand and reach out to consumers across the regions, the end-user industries are inclined towards product promotions through social media, magazines and other mediums in order to reach out to customers. The promotional strategy aids in retaining the existing the customers and also to regenerate new customer base.
- 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)
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