Global Medical Foods Market Size, Forecasts, And Opportunities – Includes Medical Foods Market Growth
Learn about the global medical foods market through The Business Research Company, which provides information on medical foods market size, medical foods market drivers and restraints, medical foods market players, the COVID-19 impact on the medical foods market, and more.
The global medical foods market size is expected to grow from $18.36 billion in 2021 to $19.38 billion in 2022 at a compound annual growth rate (CAGR) of 5.59%. The global medical food market size is expected to grow to $24.11 billion in 2026 at a CAGR of 5.61%.
The increase in the geriatric population is significantly contributing to the growth of the medical foods market.
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The medical foods market consists of sales of medical foods by entities (organizations, sole traders, and partnerships) that refer to foods, which are formulated to be administered or consumed under the presence of a physician, and it is intended to provide specific dietary management of a disease for which nutritional requirements are established by medical evaluation. Medical foods are exempt from the labelling requirements for nutrition content claims and health claims.
Global medical foods market segments include:
By Type: Pills, Powder, Others
By Application: Alzheimers Disease, Diabetic Neuropathy, Nutritional Deficiency, ADHD, Others
By Sales Channel : Retail Sales, Online Sales, Institutional Sales
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the medical foods market in 2021.
Constant innovations in product development is a key trend gaining popularity in the medical foods market. The companies operating in the medical foods sector are developing innovative products with greater efficacy to cater the demand from customers with specific niche diseases such as metabolic disorders, ADHD, and others.
TBRC’s medical foods market report covers:
Major Market Players: Nestle, Mead Johnson & Company LLC, Fresenius Kabi AG, Danone, Primus Pharmaceuticals Inc, Abbott Laboratories, Metagenics Inc, Targeted Medical Pharma Inc, Medtrition Inc, Cerecin Inc, Entera Health Inc., Vaya Pharma Inc., Physician Therapeutics LLC, Alfasigma spA, and MicroBiome Therapeutics LLC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Medical Foods Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides medical foods market overviews, analyzes and forecasts market size, share, medical foods market players, medical foods market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s medical foods market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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