Press release
Global Clinical Nutrition Market Projected to Surpass $84.68 Billion by 2029 with 9% Annual Growth
Clinical Nutrition Market Size
There has been significant expansion in the clinical nutrition market size over the past few years. The market will rise from a value of $56.07 billion in 2024 to reach $60.08 billion in 2025, showing a compound annual growth rate (CAGR) of 7.1%. The surge during the historic period is due to factors such as the aging population, a rise in chronic diseases, growing recognition of nutritional importance, and governmental backing for nutritional initiatives.
The market size of clinical nutrition is forecasted to experience solid expansion in the coming years, reaching $84.68 billion by 2029 with a compound annual growth rate (CAGR) of 9.0%. This growth in the projected period can be linked to factors such as personalized nutrition, the increase in the application of nutrigenomics, management of population health, and the worldwide expansion of healthcare. Key trends projected throughout this period include digital and telehealth, functional foods and nutraceuticals, probiotics and prebiotics, nutrition based on plants and sustainability, and nutrition centered on mental health.
What Is Contributing to the Growth of the Clinical Nutrition Market?
The expected increase in the number of older adults worldwide may stimulate the expansion of the clinical nutrition market. The dietary requirements for elderly individuals are impacted by many elements including their specific health problems and related organ system deficits, their activity level, energy consumption and caloric needs, their ability to access, prepare, ingest and digest food, and their unique food preferences. A report published by the United Nations, a US-based Intergovernmental organization, in November 2022 suggested that the proportion of the global population aged 65 and above could increase from 10% in 2022 to 16% in 2050. It is forecasted that by 2050, the worldwide count of people aged 65 or above will be double the number of children under age five, and nearly equivalent to children under 12 years. Thus, the expanding geriatric population is predicted to fuel the growth of the clinical nutrition market.
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Which Key Market Leaders Are Driving Clinical Nutrition Industry Growth?
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, DuPont Nutrition & Health, American HomePatient, Reckitt Benckiser Group plc, Vivante Health
What Are the Emerging Trends in the Clinical Nutrition Industry?
Leading enterprises in the clinical nutrition sector are creating innovative technological solutions, like TechVantage, to cater to the expanding need for functional food and beverages and set themselves apart from their rivals. TechVantage is a technology platform designed to offer optimal nutrient solutions based on specific uses, such as boosting immunity, enhancing cognitive health, and improving sports performance. For example, in April 2022, Glanbia Nutritionals Inc., a US-based enterprise specializing in sports nutrition, unveiled the TechVantage platform. This solution presents multiple features that make it a useful tool for customers, including a comprehensive portfolio of nutrients, increased functionality, enhanced bioavailability, and user-friendly processing and blending ability.
What Are the Main Segments in the Clinical Nutrition Market?
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
Subsegments:
1) By Infant Nutrition: Infant Formula, Baby Foods, Nutritional Supplements
2) By Parenteral Nutrition: Amino Acid Solutions, Lipid Emulsions, Carbohydrate Solutions
3) By Enteral Nutrition: Standard Formulas, Specialized Formulas, Disease-Specific Formulas
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Which Geographic Area Leads the Clinical Nutrition Market?
The countries covered in the clinical nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Is Covered In The Clinical Nutrition Global Market Report?
- Market Size Analysis: Analyze the Clinical Nutrition Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Clinical Nutrition Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Clinical Nutrition Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Clinical Nutrition Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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