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Latest Market Report | Clinical Nutrition Market Analysis, Trends, Growth Opportunities, and Forecast, 2023-2030
The global clinical nutrition market is expected to approach US$ 68.9 billion by 2030, with an annual growth rate of more than 6.0%Global Clinical Nutrition Market is valued at US$ 45.9 billion in 2023 and is expected to grow at a significant CAGR of over 6.0% over the forecast period of 2023-2030, according to the published market report by RationalStat
Market Definition, Market Scope, and Report Overview
The term "clinical nutrition" refers to the specialized area of nutrition concerned with evaluating, diagnosing, and managing nutritional needs and conditions in people with certain medical conditions or requirements. It entails using nutrition science ideas to improve patients' health and well-being.
The focus of healthcare is shifting from curative to preventive actions. Clinical nutrition plays a significant part in preventive healthcare by supplying necessary nutrients and encouraging good eating behaviors. Clinical nutrition services and products are now more widely used as a result of this change in healthcare philosophy which drives the market for clinical nutrition.
The demand for clinical nutrition products has increased as the incidence of chronic diseases such as diabetes, cardiovascular problems, cancer, and gastrointestinal ailments has increased. The management and prevention of problems linked to these illnesses are greatly aided by clinical nutrition, which is fueling market expansion.
• According to a deep-dive market assessment by RationalStat, the global clinical nutrition market has been analyzed on the basis of market segments, including product, consumer age demographics, form, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
• Market intelligence for the global clinical nutrition market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global clinical nutrition market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Clinical Nutrition Market: Segmental and Market Share Analysis
• On the basis of form, liquid is anticipated to take up a significant part of the clinical nutrition market, primarily due to the ease with which liquid nutrition can be fed to both infants and the geriatric population.
Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 45.9 billion
Market Size Forecast US$ 68.9 billion
Growth Rate 6.0%
Key Market Drivers
• Rising ageing population
• Rising incidence of chronic diseases
• Increased focus on health and wellness
Companies Profiled
• Abbott Laboratories
• Nestle SA
• Baxter Healthcare Ltd
• B. Braun Melsungen AG
• Perrigo Company PLC
• Mead Johnson Nutrition
• Pfizer
• Fresenius Kabi
• Hospira
• Danone Nutrica
• Hero Nutritionals Inc
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global clinical nutrition market include,
• In August 2022, Abbott introduced Ensure Gold in Thailand. Ensure Gold is a science-backed nutrition supplement powder and is intended for ageing population.
Some of the prominent players and suppliers operating and contributing significantly to the global clinical nutrition market growth include Abbott Laboratories, Nestle SA, Baxter Healthcare Ltd, B. Braun Melsungen AG, Perrigo Company PLC, Mead Johnson Nutrition, Pfizer, Fresenius Kabi, Hospira, Danone Nutrica, and Hero Nutritionals Inc, among others.
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RationalStat has segmented the global clinical nutrition market based on product, consumer age demographics, form, application and region
• Global Clinical Nutrition Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product
o Infant Nutrition
o Enteral Nutrition
o Parenteral Nutrition
• Global Clinical Nutrition Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Consumer Age Demographics
o Pediatric
o Adults
o Geriatric
• Global Clinical Nutrition Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Form
o Powder
o Liquid
o Solid
• Global Clinical Nutrition Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
o Cancer
o Metabolic Disorders
o Neurological Diseases
o Gastrointestinal Disorders
o Others
• Global Clinical Nutrition Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o North America Clinical Nutrition Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
US
Canada
o Latin America Clinical Nutrition Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
Brazil
Mexico
Rest of Latin America
o Western Europe Clinical Nutrition Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
Germany
UK
France
Spain
Italy
Benelux
Nordic
Rest of Western Europe
o Eastern Europe Clinical Nutrition Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
Russia
Poland
Hungary
Other CIS Countries
Rest of Eastern Europe
o Asia Pacific Clinical Nutrition Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
China
Japan
India
South Korea
Australia
ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
Rest of Asia Pacific
o Middle East & Africa Clinical Nutrition Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
South Africa
Nigeria
Turkey
Rest of the Middle East & Africa
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Key Questions Answered in the Clinical Nutrition Report:
• What will be the market value of the global clinical nutrition market by 2030?
• What is the market size of the global clinical nutrition market?
• What are the market drivers of the global clinical nutrition market?
• What are the key trends in the global clinical nutrition market?
• Which is the leading region in the global clinical nutrition market?
• What are the major companies operating in the global clinical nutrition market?
• What are the market shares by key segments in the global clinical nutrition market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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