Ready-to-use Therapeutic Food Market Dynamics, Growth Drivers, Market Constraints and Challenges 2024

According to Precision Business Insights' (PBI), latest report, the market value of the ready-to-use therapeutic food market size was valued at USD 432.6 million in 2023 and is anticipated to reach USD 763.4 million in 2030, growing at 10.3% CAGR from 2024 to 2030. The primary factors that drive the market are the growing prevalence of malnutrition diseases like marasmus and kwashiorkor, rising nutrition consciousness among parents, and increasing demand for the market.

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The ready-to-use therapeutic food market is segmented based on product type, end-user, and geography:

Based on the product type, the market is segmented into the following:
• Solid
• Semi-Solid Paste
• Drinkable

Based on the end user, the market is segmented into the following:
• United Nation Agencies
• Hospitals
• Dispensaries
• Charities
• NGOs
• Others

Based on product type, solid and semi-solid products hold the highest market share. Malnutrition become a severe problem in the present era, children below the age of 5 years are unable to get nutrition food, increasing poverty and shortages in economic countries escalate the market growth in the forecast period, non-governmental organizations step on to prevent children from malnutrition require numerous ready-to-use therapeutic food in the market. These factors can drive the global Ready-to-use Therapeutic Food Market growth.

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Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Asia Pacific region is expected to grow significantly in the global Ready-to-use Therapeutic Food Market size over the forecast period. The malnutrition burden in Asian countries in increased by 11.2%, The estimated average prevalence of infants aged 0 to 5 months who are exclusively breastfed is 45.0%, which is higher than the global average of 43.8%. Asia still experiences a malnutrition burden among children aged under 5 years. The average prevalence of overweight is 5.2% the lowest across all regions. The prevalence of stunting is 21.8%, which is lower than the global average of 22.0%. the Asia region's prevalence of wasting is 8.9%, which is higher than the global average of 6.7%.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Ready-to-use Therapeutic Food Market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

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Key players' profiles in the ready-to-use therapeutic food market report are Edesia., Valid Nutrition, Samil Industrial, Nuflower Foods, InnoFaso, Diva Nutritional Products, Nutriset, Insta Products Ltd, Tabatchnick Fine Foods, Inc., Nutrivita Foods, and Vista Fortifoods Pvt.Ltd

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This release was published on openPR.