Elderly Nutrition Market Growing Demand and Future Prospective Analysis Till 2026 | Major Players Operating Such as Pfizer, Inc., Sanofi, Allergan, Baxter International Inc., Abbott Laboratories, Mead Johnson & Company, LLC.

Elderly nutrition plays a major role in advance healthcare in geriatric segment, as it support healthy aging and prevents malnutrition and vitamin deficiencies. Elderly nutrition products consist of vitamin, protein, minerals, lipids, fibers, and other essential substance, which regulates the body functions and improves immunity.

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Key Players

Major players operating in the global elderly nutrition market include Allergan, Otsuka Pharmaceuticals Co., Ltd., Baxter International Inc., Danone, Fresenius Kabi AG, Abbott Laboratories, Pfizer, Inc., Mead Johnson & Company, LLC, and Sanofi.

The global elderly nutrition market size was valued at US$ 17,453.5 million in 2017, and is expected to exhibit a CAGR of 6.6 % over the forecast period (2018 – 2026).

Market Dynamics

Increasing geriatric population prone to major life threatening diseases such as cancer, chronic diseases, and neurological disorders is a major factor driving elderly nutrition market growth. World Health Organization Prospectus, 2017, estimated a significant rise in geriatric population above 60 years, from 962 million in 2017 to reach 2.1 billion by 2050, and tis increase will triple in 2100, globally.

Increasing incidences of nervous disorders and chronic diseases in geriatric patients is expected to propel growth of the elderly nutrition market

Elderly nutrition is recommended for geriatric patients who are highly susceptible to various conditions such as diabetes, obesity, renal failures, chronic diseases, and other. Moreover, high prevalence of age related disorders such as organ failures, nervous disorders and cardiovascular diseases in geriatric patients is expected to drive the market growth. For instance, the Alzheimer Association Report 2017, estimated around 13.8 million people to be diagnosed with Alzheimer’s dementia in the U.S., which is mostly observed in geriatric patients above 65 years. Moreover, in 2014, around 93,541 deaths registered from Alzheimer’s disease and reported the disease as fifth leading cause of death among Americans above 65 years.

Increasing incidence of chronic diseases in Europe is expected to bolster the market growth

Europe holds dominant position in the elderly nutrition market, owing to high prevalence of chronic diseases such as cancer, cardiovascular diseases in the region. According to the European Heart Network, factsheet 2017, around 11.3 million new cases of cardiovascular diseases were registered in Europe and around 6.1 million cases of cardiovascular diseases were registered in European Union (EU).

Detailed Segmentation:

Global Elderly Nutrition Market, By Nutrition Type:

Minerals
Multi-Vitamins
Iron
Proteins
Fibers
Lipids
Antioxidants
Others

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