Medical Foods Market Size Worth USD 35.97 Billion in 2032 | Key Companies - Danone SA, Abbott Laboratories, Targeted Medical Pharma, Inc., Metagenics, Nestlé SA

The global medical foods market is poised for significant growth, projected to reach a valuation of USD 22.40 Billion by 2022 with a rapid revenue CAGR of 4.8% during the forecast period. Key factors driving this growth include the rising prevalence of chronic diseases, increasing demand for personalized nutrition, and heightened awareness about prebiotics and probiotic products.

Drivers of Market Growth

The market is witnessing a surge in demand for prebiotic and probiotic-based foods, reflecting a growing interest in enhancing metabolic processes and promoting a healthy microbiota. Recent product launches like Danone's Almimama, a science-based probiotic supplement for breastfeeding mothers, signify this trend.

Moreover, there is a rising awareness among healthcare providers and patients about the role of specialized medical foods in managing the symptoms of certain disorders. For instance, diabetic medical foods can aid in controlling blood sugar levels, potentially reducing the need for medication and mitigating complications.

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Challenges and Restraints

However, the market faces challenges such as limited availability in developing countries, stringent regulations for product approval, and high costs of medical foods. Stringent regulations pose a significant barrier, requiring companies to invest considerable time and resources in meeting compliance standards.

Segment Insights

Route of Administration: The global medical foods market is segmented into oral and enteral routes of administration. The oral segment dominates the market due to its cost-effectiveness and ease of integration into personalized medications. On the other hand, the enteral segment is expected to witness moderate growth, driven by increasing prevalence of cardiovascular and chronic diseases.

Product: Medical foods are available in various forms including pills, liquids, powder, and others. The powder segment holds a significant market share, with physicians often recommending powder formulations for their versatility and ease of administration. Liquid formulations, particularly popular among pediatric and geriatric demographics, are expected to register steady growth.

Distribution Channel: Institutional sales, driven by rising patient visits to healthcare facilities for chronic disease management, are expected to witness the fastest growth. Online sales, propelled by increasing e-commerce penetration and convenience, are set to capture the largest market share.

The global fragmented, with several medium and large-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing medical foods products in the market.

Some major players included in the global medical foods market report are:

• Danone SA
• Abbott Laboratories
• Targeted Medical Pharma, Inc.
• Metagenics
• Nestlé SA
• Reckitt Benckiser Group PLC
• Medtrition Inc.
• Primus Pharmaceuticals, Inc.
• Alfasigma USA, Inc.
• Mead Johnson & Company, LLC.
• Meiji Holdings Co., Ltd.
• Cerecin Inc.
• Fresenius SE & Co. KGaA
• Agilent Technologies, Inc.
• Swiss Medical Food DE GmbH
• Victus, Inc.
• Otsuka Pharmaceutical Factory, Inc.
• Cambrooke Therapeutics
• Nutrasource
• Grunbiotics

Medical Foods Latest Industry News

• In November 2023, Nestlé announced the launch of Wyeth illuma, a science-based growing-up milk solution including HMOs (Human Milk Oligosaccharides) for early life nutrition, in mainland China. The National Health Commission of the country recently approved the use of such bioactives. Numerous scientific studies support the use of HMOs, demonstrating the value of these components in GI and immunological health, as well as newborn cognitive development.

• In August 2020, Nestle acquired IM HealthScience to diversify its medical food company. The companies are focusing on new product development in order to expand their product portfolios for various indications, which will help to maintain a strong market position.

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Medical Foods Market Segment Analysis

For the purpose of this report, Emergen research has segmented the global medical foods market on the basis of route of administration, product, nutritional ingredients, application, distribution channel, and region:

• Route of Administration Outlook (Revenue, USD Billion; 2019-2032)
o Oral
o Enteral

• Product Outlook (Revenue, USD Billion; 2019-2032)
o Pills
o Liquids
o Powder
o Others

• Nutritional Ingredients Outlook (Revenue, USD Billion; 2019-2032)
o Vitamins and Minerals
o Proteins
o Omega-3
o Isoflavones
o Phytosterols
o Others

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Neurological & Psychological Disorders
o Metabolic Disorder
o Pain Management
o Gastrointestinal Disorders
o Ophthalmology
o Diabetes
o Cancer
o Orphan Disease
o Others

• Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)
o Online Sales
o Institutional Sales
o Retail Sales

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• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

The global medical foods market is on a trajectory of steady growth, fueled by factors such as increasing prevalence of chronic diseases and rising awareness about personalized nutrition. While challenges like regulatory constraints and limited availability persist, the market is primed for expansion, especially in online sales and institutional channels.

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