Ready-to-Use Therapeutic Food Market Outlook 2023-2031: Regional Analysis and Key Developments.

"Ready-to-Use Therapeutic Food Market" in terms of revenue was estimated to be worth $XX billion in 2023 and is poised to reach $XX billion by 2028, growing at a CAGR of XX% from 2023 to 2028 according to a new report by InsightAce Analytic.

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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the ready-to-use therapeutic food market are:
• Rising nonprofit and government initiatives
• Increasing interest in RUTF beverages
• Raising awareness about the fight against hunger

The following are the primary obstacles to the ready-to-use therapeutic food market 's expansion:
• High costs of RUTF goods
• Lack of awareness
• Risk of microbial pollution

Future expansion opportunities for the ready-to-use therapeutic food market include:
• Investment research and development
• Growing population
• Increasing instances of undernourishment

Key Industry Insights & Findings from the Report:
• The demand for ready-to-use therapeutic food is expected to rise due to the increasing number of initiatives to combat malnutrition, both by the government and non-governmental organizations.
• Investing in creating new raw materials and producing finished food items are considered driving forces in the market's growth.
• North America dominated the market and accounted for a revenue share of global revenue in 2023.
• The rising preference for local components by the government is expected to slow the expansion of the RUFT industry.

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Market Analysis:
Ready-to-use therapeutic food refers to nutrient-enriched meals given to children suffering from malnutrition. Not only is this dish high in protein and energy, but it also provides vital vitamins and minerals. The demand for ready-to-use therapeutic food is expected to rise due to the increasing number of initiatives to combat malnutrition, both by the government and non-governmental organizations. Moreover, as the frequency of natural catastrophes rises and government agencies, individuals, and NGOs better understand what constitutes a healthy diet for children and nutritional supplements, the market is likely to expand.

List of Prominent Players in the Ready-to-Use Therapeutic Food Market:
• Nuflower Foods
• GC Rieber Compact AS
• Valid Nutrition
• InnoFaso Corp.
• Edesia Inc.
• Nutrivita Foods Ltd.
• 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 Inc.
• Hilina Enriched Foods PLC
• Société de Transformation Alimentaire

Recent Developments:
• In January 2023, Edesia released the matching campaign Make Malnutrition History to fight the yearly epidemic of acute malnutrition, which impacts 10 million children. Edesia can win a match challenge worth up to $10 million, courtesy of the Bezos family, as part of a larger commitment.
• In November 2023, Hilina Foods' products, including Plumpy Nut (RUTF) and children's books and clothing, were donated to local non-governmental organizations (NGOs), associations, and government hospitals. Thus, the company has decided to supply its life-saving commodities to twelve public hospitals spread throughout five regions: Addis Abeba, Bahir Dar, Mekele, Gonder, and Sawla, as well as three local associations: Gergeson, Mekodeniya, and TIBCO.
• In July 2023, Nuflower Foods FZE opened its RUTF facility in Lagos. The United Nations has recommended therapeutic food to address severe acute malnutrition; the ATLC plant will provide it.

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Ready-to-Use Therapeutic Food Market Dynamics:
Market Drivers: Raising Awareness About the Fight Against Hunger
Rising demand in the worldwide RUTF market is expected to be driven by campaigns and programs that raise awareness about the need to reduce malnutrition and improve the lives of low-income communities. New opportunities for the market are expected to arise during the forecast period as a result of this. With increasingly increasing government and non-governmental organization (NGO) programs targeting malnutrition, the need for ready-to-use therapeutic food will surely rise. The most influential aspects that will improve the performance of ready-to-use therapeutic food items worldwide will be a surge in knowledge about fighting malnutrition and strong support from government and non-government organizations worldwide.

Challenges: High Costs of RUTF Goods
Ready-to-use therapeutic food products are more costly due to the materials used in their production, which makes it difficult for government and non-government organizations to allocate additional funds towards these products. The rising preference for local components by the government is expected to slow the expansion of the RUFT industry. So, governments and producers in the area would rather use cheaper substitutes for peanuts and milk powder when making RUTF ingredients. Due to this factor, the ready-to-use therapeutic food industry is not likely to grow substantially.

North America is Expected to Grow with the Highest CAGR During the Forecast Period
The ready-to-use therapeutic food market is likely to register a significant revenue share and develop at a rapid CAGR in the near future. This is because ready-to-use therapeutic food has become increasingly popular among working-class people. Preparation for consumption Factors include the region's rapidly urbanizing population, increasing consumer awareness of the benefits of frozen food, and other similar developments anticipated to fuel market expansion.

Segmentation of Ready-to-Use Therapeutic Food Market
By Product Type-
• Solid
• Semi-solid paste
• Drinkable therapeutic food
By End User-
• United National International Children's Emergency Fund (UNICEF)
• World Food Program (WFP)
• Government Organizations
• Non-governmental Organizations (NGOs)
• Other End Users
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.