Elderly Nutrition Market will grow at a CAGR of 6.6 % to Surpass US$ 31.0 Billion By 2026

Global Elderly Nutrition Market, by Nutrition Type (Minerals, Multi-Vitamins, Iron, Proteins, Fibers, Lipids, Antioxidants, and Others), by Application (Diabetes, Renal Failures, Obesity, Sarcopenia, Cancer, and Others), by Route of Administration (Oral, Parenteral, and Enteral), by Distribution Channel (Hospitals & Clinics, Retail Pharmacies, Convenience Store, Online, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 17,453.5 million in 2017, and is projected to exhibit a CAGR of 6.6% over the forecast period (2018 - 2026)

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2437

Increasing research and development by market players to augment the market growth
Key players in the market are focused on research and development in order to develop novel products to address the critical unmet needs of nutrition in elders. Moreover, significant increase in investments for developing novel nutritional products for geriatric population is also expected to propel growth of the market. For instance, in May 2017, Nestle launched YIYAN powder for people over 50 years in China Nutrition Science Conference in China.

Moreover, increase in geriatric population is expected to rise incidences of chronic diseases, which in turn is expected to boost the market growth. For instance, chronic obstructive pulmonary disease (COPD) is a primary cause of disability and death all over the world. Most people with COPD have malnutrition and require nutritional support to live. According to WHO in 2016, 251 million people have moderate to severe chronic obstructive pulmonary disease (COPD).

Key players in the market are focused on adopting strategies such as mergers and acquisitions to enhance its product portfolio. For instance, in December 2018, Pfizer Inc. and GlaxoSmithKline plc (GSK) announced plans for its joint venture agreement to create a global consumer healthcare company. This joint venture will expand GSK's consumer health portfolio towards vitamin and dietary supplements category.

The global elderly nutrition market is expected to exhibit a CAGR of 6.6% over the forecast period, owing to increasing geriatric population susceptible to chronic diseases, neurological disorders, sarcopenia, and osteoporosis in elder women. The International Osteoporosis Foundation (IOF) facts and statistics 2017, an estimated around 1 in 3 women aged 50 and 1 in 5 men aged 50 year and above are expected to experience osteoporotic fractures worldwide.

Among nutrition type, the protein segment held dominant position in the elderly nutrition market in 2018, as large number of products majorly contains proteins.

Among application type, diabetes segment held a dominant position in the elderly nutrition market in 2018, as the majority of the products for elderly patients are used in diabetes condition.

Request for Sample Pages @ https://www.coherentmarketinsights.com/insight/request-sample/2437

Among route of administration, oral segment held a dominant position in the elderly nutrition market in 2018, as this is very convenient, cost effective than others, and doesn't require any medical supervision.
Among distribution channel, convenience stores segment held a dominant position in the elderly nutrition market in 2018, as it is time saving, cost effective method for elder patients to avail products.

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

1001 4th Ave,, #3200, Seattle, WA 98154

About CoherentmarketInsights
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients in achieving transformational growth and making critical business decisions. We are headquartered in India, with an office in the global financial capital in the U.S. Our client base includes players across all busi-ness verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends, and new working methods. We offer both customized and syndicated mar-ket research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various in-dustries at both, global and regional levels, to identify new opportunities for our cli-entele. Our global team of over 100 research analysts and freelance consultants provides market intelligence from the molecular country level, and also provides a global perspective of the market. Our team is the most vital cog in our robust ma-chinery that gives us the ability to deliver independent insights through our cognitive defusion training module. This ensures an objective and unbiased assessment of the market. We are constantly striving to update our extremely in-depth understanding of the market by closely monitoring and analyzing markets, trends, and emerging best practices across all fathomable industries under the sun. This enables us to equip our valued clientele with key decisive inputs to capitalize on lucrative growth opportunities in the market, and to firmly position themselves on a higher growth path in the future.

This release was published on openPR.