Ready-to-Use Therapeutic Food Market Outlook 2023-2031: Regional Analysis Key Trends Market Drivers Challenges and Growth Opportunities

"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 (RUTF) refers to nutrient-rich meals specifically formulated for children suffering from malnutrition. These meals are high in protein and energy and provide essential vitamins and minerals necessary for recovery and growth. The demand for RUTF is expected to increase due to the rising number of government and non-governmental initiatives aimed at addressing malnutrition. Furthermore, the growing frequency of natural disasters, coupled with enhanced awareness among government agencies, individuals, and NGOs regarding child nutrition and dietary supplementation, is anticipated to drive market expansion.

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:
The increasing awareness and advocacy surrounding the fight against hunger are expected to drive demand in the global ready-to-use therapeutic food (RUTF) market. Various government and non-governmental programs aimed at reducing malnutrition and improving the well-being of low-income communities are anticipated to create new market opportunities during the forecast period. The growing number of initiatives targeting malnutrition, supported by both governmental and non-governmental organizations, is expected to increase the demand for RUTF products. Enhanced awareness of malnutrition and strong institutional support are projected to be key factors contributing to the growth of the global RUTF market.

Challenges:
The high production costs of ready-to-use therapeutic food products, driven by the cost of raw materials, present a significant challenge for market expansion. The increased preference for locally sourced ingredients by governments is expected to limit market growth, as manufacturers seek more cost-effective alternatives to ingredients such as peanuts and milk powder. Consequently, this cost pressure may hinder the broader adoption and expansion of the RUTF market.

Regional Trends:
The North American RUTF market is expected to experience the highest compound annual growth rate (CAGR) during the forecast period, contributing significantly to global revenue. The growing popularity of RUTF among working-class consumers, combined with the convenience of ready-to-eat products, is anticipated to fuel market growth. Additionally, rapid urbanization, increased consumer awareness of the benefits of ready-to-eat foods, and evolving dietary trends are expected to further drive market expansion in the region.

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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.