Press release
Clinical Nutrition Market 2024-2033: Rising Trends, Global Outlook, Industry Size And Major Players
Clinical Nutrition Market
The Business Research Company offers in-depth market insights through Clinical Nutrition Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The clinical nutrition market size has grown strongly in recent years. It will grow from $56.07 billion in 2023 to $60.08 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to aging population, increasing prevalence of chronic disease, increasing awareness of the importance of nutrition, government support for nutrition programs.
The clinical nutrition market size is expected to see strongly grown in the next few years. It will grow to $84.68 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to personalized nutrition, growing use of nutrigenomics, population health management, global healthcare expansion. Major trends in the forecast period include digital health and telehealth, functional foods and nutraceuticals, probiotics and prebiotics, plant-based and sustainable nutrition, mental health nutrition.
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Market Segmentation:
The clinical nutrition market covered in this report is segmented -
1) By Product: Infant Nutrition, Parental Nutrition, Enteral Nutrition
2) By Route Of Administration: Oral, Enteral, Parenteral
3) By Application: Cancer, Neurological Diseases, Gastrointestinal Disorders, Metabolic Disorders, Other Applications
4) By End User: Pediatric, Adults, Geriatric
Major Driver - Rising Geriatric Population Boosts Growth Of The Clinical Nutrition Market
The rising geriatric population is anticipated to boost the growth of the clinical nutrition market. The clinical nutrition needs of elderly people are determined by several factors, including specific health conditions and associated impairments of the organ system, the level of activity, energy consumption, and caloric requirements of an individual, the capacity to access, prepare, consume, and digest food, and personal dietary preferences. For instance, in October 2022, according to a report published by the World Health Organization (WHO), a Switzerland-based agency responsible for international public health, one in six people is expected to be 60 or older by the year 2030, in the entire world. By 2050, there will be 2.1 billion people worldwide who are 60 years old. The number of people who are 80 years of age or older will increase by 426 million between 2020 and 2050 compared to the current population. Clinical nutrition problems in the elderly are related not only to multiple drug uses but also to the consumption of specialised diets for one or more chronic illnesses. Thus, the growing geriatric population is anticipated to drive clinical nutrition market growth.
Competitive Landscape:
Major companies operating in the clinical nutrition market include Abbott Laboratories, Nestlé S.A., Baxter Healthcare Ltd., B. Braun Melsungen AG, Perrigo Company plc, Fresenius Kabi AG, Danone S.A., Pfizer Inc., Mead Johnson Nutrition Company, Hero Nutritionals, Gentiva Health Services Inc., H.J. Heinz Company, Ajinomoto Co. Inc., Lonza Group Ltd., GlaxoSmithKline plc, BASF SE, Kendal Nutricare, Nutricia, DuPont Nutrition & Health, American HomePatient, Reckitt Benckiser Group plc, Nestle Health Science, Medifood International Ltd., Cambrooke Inc., Vivante Health, BiomX Ltd., OxeFit Inc., Metabolon Inc., COSMOSID Inc., Impossible Foods Inc., Virta Health, Meru Health Inc.
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Top Trend - Strategic Partnerships Driving Growth In The Clinical Nutrition Market
Major companies operating in the clinical nutrition market are adopting a strategic partnership approach to provide comprehensive solutions and expand their market reach. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in October 2022, Hologram Sciences Inc., a US-based fast-moving, consumer-focused company, partnered with Maeil Dairies Co. Ltd., a South Korea-based nutritional company that produces a wide range of health and nutrition products. With this partnership, they aim to highlight the growing importance of personalized nutrition in the global health and wellness market and deliver personalized nutrition solutions to the Korean market.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Clinical Nutrition Market Characteristics
3. Clinical Nutrition Market Trends And Strategies
4. Clinical Nutrition Market - Macro Economic Scenario
5. Clinical Nutrition Market Size And Growth
…..
27. Clinical Nutrition Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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