Press release
Ready-to-Use Therapeutic Food Market to reach US$ 300 Mn by 2030
Ready-to-Use Therapeutic Food Market
To give such undernourished kids required specific consideration, the fame of ready-to-use therapeutic food is seeing significant upsurge. In the midst of the continuous COVID-19 pandemic, FMI projects the worldwide ready-to-use therapeutic food market to outperform the US$ 300 Mn by 2020-end, and almost twofold in size by 2030-end.
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Newborn children don’t yet have a completely evolved stomach related framework. In this manner, they require formulae which are not difficult to separate and consumed by the circulation system. Remedial food varieties in fluid structure assist with accomplishing this target. An amazing twofold digit CAGR is anticipated for the drinkable remedial food varieties portion.
COVID-19 Impact Analysis
The COVID-19 pandemic has intensified the danger of intense unhealthiness among the least fortunate segments of the general public. Even with government-ordered closures, a great many individuals have become jobless, particularly in the horticulture area, hence upsetting basic nourishment upgrade programs. The effect has been particularly exceptional across the creating and immature universes. It is secured that seriously malnourished youngsters are at a hazardously high danger of getting the novel Covid because of debilitated insusceptibility. The equivalent is valid for the geriatric populace.
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“Prominent vendors are actively partnering with leading NGOs and government bodies in order to establish robust distribution channels across lucrative markets,” concludes the FMI analyst.
Key Takeaways
MEA to emerge as a hotbed for RUTF manufacturers, owing to high incidence of malnutrition
Drinkable therapeutic foods to enjoy massive popularity due to heightening nutritional supplements demand for infants
UNICEF to remain a frontrunner due to its unwavering commitment to eradicate world hunger
Sales of therapeutic nutritional supplements are likely to survive the COVID-19 pandemic
Ready-to-use Therapeutic Food Market Players
Prominent players within this landscape include: Nuflower Foods, GC Rieber Compact AS, Valid Nutrition, InnoFaso, Edesia Inc., Nutrivita Foods, Diva Nutritional Products, Insta Products Ltd., Mana Nutritive Aid Product Inc., Meds & Food for Kids Inc, Samil Industrial Co., Tabatchnick Fine Foods Inc., Amul India, and Société de Transformation Alimentaire.
Key Segment
Type
Solid
Paste
Drinkable Therapeutic Food
End User
UNICEF
WFP
NGOs
Others
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Key questions answered in the report
Briefly outline the growth of ready-to-use therapeutic food market.
The global ready-to-use therapeutic food market is anticipated to register a double digit CAGR, crossing the US$ 300 Mn mark by 2020-end.
Which is the most popular ready-to-use therapeutic food?
According to FMI’s analysis, the drinkable foods segments is poised to experience maximum sales. Growth is underpinned by high incidence of infant malnutrition. Also, liquid supplements are easier to digest by young babies.
How will COVID-19 impact the market?
The COVID-19 pandemic has resulted in a major spike in ready-to-use therapeutic food products consumption. High degree of susceptibility to the infection due an already weakened immune system is expected to generate high demand therapeutic foods.
Which region is expected to be the most promising in the future?
The Middle East & Africa is slated to be a revenue hotspot, attributed to a high incidence of poverty and hunger which has ultimately ushered in high levels of malnutrition.
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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
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