Ready-to-use Therapeutic Food Market 2024| Industry Crucial Players: Diva Nutritional Products, NutriVita Foods, Power Foods Tanzania, Hilina, Compact AS, Tabatchnik Fine Foods, Edesia USA, InnoFaso, Mana Nutritive Aid Products, Insta Products, Nutriset S

A recent research study on the global ready-to-use therapeutic food market delivering detailed insights on the industry has been publicized to the vast repository of Market Research Reports Search Engine (MRRSE), with the title of “Global Market Study on Ready-to-use Therapeutic Food”. This smart study is an extensive assessment of the market which reflects the overall scenario in terms of multiple attributes. With an extensive seven-year forecast of 2017-2024, the study provides a complete outlook on the market’s growth in terms of value (in US$ Mn) and CAGR across global as well as key regional markets.

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Ready-to-use therapeutic food (RUTF) is considered as high energy fortified food for treating severe acute malnutrition which has been experiencing significant occurrence rate across various regions of the world. As per the recent evaluations, the market is expected to observe exponential growth at a robust CAGR of around 10.5% over a seven-year forecast period, 2017-2024. In terms of revenue, the research finds that global ready-to-use therapeutic food market is knocked to reach over US$ 617 Mn by the end of 2024, which was evaluated at US$ 307.3 Mn in 2017.

Geographical and Segmental Overview

Geographically, some of the prime regions highlighted in the study are North America, Europe, Asia Pacific, and Middle East & Africa. For each regional segment, the research study has also present analysis of basis point share (BPS) and Y-o-Y growth during the mentioned forecast. During this analysis, the analysts have analyzed that a few emerging economies in the Asia Pacific region and some of the African countries register a significant rate of malnutrition and therefore constantly fueling the demand for RUTF. In fact, earlier it has been estimated that RUTF use is common in Africa, where the incidence of malnutrition among children is high.

The research has also stated in the study that UNICEF is encouraging R&D of innovative raw materials and domestic production of ready-to-use food products, which is identified to be a major driver to the global market growth. This is mainly because ready-to-use therapeutic food serves as the best solution for the malnourished children.

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As the research proceeds, the market segmentation has been offered which highlights key market segments. On the basis of product type, the global market for ready-to-use therapeutic food is majorly segmented into three key segments, including solid, semi-solid paste, and drinkable therapeutic food. Of these, the analysts found that Semi-solid paste segment is supposed to remain the dominant segment throughout the assessment period.

Moreover, the report provides a competitive landscape of the ready-to-eat therapeutic market, thereby listing out all the major players according to their geographic presence, market attractiveness and recent key developments. At present, prime players active in the industry include Diva Nutritional Products, NutriVita Foods, Power Foods Tanzania, Hilina, Compact AS, Tabatchnik Fine Foods, Edesia USA, InnoFaso, Mana Nutritive Aid Products, Insta Products, Nutriset SAS and others.

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This release was published on openPR.