Medical Foods Market Report 2022: Industry Growth, share, Size, Analysis and Forecast 2027

iCrowd Newswire
23 Jun 2022, 23:50 GMT+10

According to the latest report by IMARC Group, titled, "Medical Foods Market:Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, The global medical foods market size reached a value of US$ 20.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.2 Billion by 2027, exhibiting a CAGR of 5.8% during 2022-2027

Medical foods refer to food products that are formulated to be administered or consumed under the supervision of a physician or intended for the dietary management of diseases and conditions. They are composed of vitamins, minerals (like zinc and calcium), botanicals, coenzyme Q10 (CoQ10), taurine, omega-2 fatty acids and antioxidants. Due to the presence of these nutrients, medical foods manage nutritional deficiencies that affect disease progression and are healthier alternatives to naturally occurring foodstuffs used in a natural state. Medical foods also enhance the immune and digestive systems while aiding the cognitive behavior of consumers. Nowadays, they are available in various forms such as pills, pre-thickened products and puddings, powder and liquids for oral intake or enteral feeding by tube.

Report Metric

Historical: 2016-2021

Base Year: 2022

Forecast Year: 2022-2027

Market Trends

and the growing geriatric population. Medical food is specifically formulated and processed for the patients and is recommended by physicians to manage the symptoms of neurological conditions, multiple sclerosis, stroke, and dementia as patients face difficulty in swallowing food. Besides this, with the growing awareness regarding the need for clinical nutrition by healthcare professionals and patients, there has been an increased demand for medical food products. Furthermore, the rising penetration of the e-commerce industry has led to a gradual shift toward the online purchase of medical foods, thereby offering lucrative opportunities to market players. The rising adoption of healthy alternatives due to the increasing cost of medical services, increasing awareness about medical foods and extensive investment in research and development (R&D) activities are some of the other factors positively impacting the market growth.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Medical Foods Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Abbott Laboratories, Alfasigma S.p.A., Danone S.A., Fresenius Kabi AG, Mead Johnson & Company LLC (Reckitt Benckiser), Medtrition Inc., Meiji Holdings Co. Ltd., Metagenics Inc. (Alticor), Nestlé S.A., Primus Pharmaceuticals Inc., Targeted Medical Pharma Inc. and Victus Inc.

The report has segmented the market on the basis on region, product, route of administration, application and distribution channel.

Breakup by Product:

Pills

Powder

Others

Breakup by Route of Administration:

Oral

Enteral

Breakup by Application:

ADHD

Depression

Diabetes

Cancer

Alzheimer's Disease

Metabolic Disorders

Others

Breakup by Distribution Channel:

Supermarkets

Hospital and Retail Pharmacies

Online Pharmacies

Others

Breakup by Region:

North America: (United States, Canada)

Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe: (Germany, France, United Kingdom, Italy, Spain, RussiaOthers

Latin America: (Brazil, Mexico,Others)

Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/medical-foods-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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