Press release
Evolving Market Trends In The Medical Foods Industry: Innovative Advancements In The Medical Foods Market
Medical Foods Market Share
What Is the Expected Medical Foods Market Size During the Forecast Period?
The medical foods market size has grown strongly in recent years. It will grow from $22.8 billion in 2024 to $24.6 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increased prevalence of chronic diseases, advances in medical and nutritional science, growing aging population, rise in awareness ofThe role of nutrition in managing health conditions, regulatory support for medical foods.
The market size of medical foods is projected to witness consistent growth in the coming years, reaching $33.61 billion in 2029 with a compound annual growth rate (CAGR) of 8.1%. This expected rise in the predicted period may be credited to a greater emphasis on preventive healthcare, burgeoning demand for customized nutrition, extended use in treating metabolic disorders, progress in nutrigenomics and personalized medicine, along with increased consumer fascination with functional foods. Upcoming trends in the forecast period include the creation of medical food formulations for specific conditions, alliances between the food and pharmaceutical sectors, widening of supply chains such as e-commerce, incorporation of digital technologies for individualized nutrition, and a focus on clean-label and natural ingredients in medical foods.
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What Are the High-Growth Segments in the Medical Foods Market?
The medical foods market covered in this report is segmented -
1) By Type: Pills, Powder, Other Types
2) By Application: Alzheimer's Disease, Diabetic Neuropathy, Nutritional Deficiency, ADHD, Other Applications
3) By Sales Channel: Retail Sales, Online Sales, Institutional Sales
Subsegments:
1) By Pills: Tablets, Capsules, Softgels
2) By Powder: Nutritional Powders, Fiber Powders
3) By Other Types: Liquid Formulations, Ready-To-Drink Products, Functional Bars And Snacks
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What Key Drivers Are Expected to Influence Future Medical Foods Market Growth?
The surge in the elderly population is playing a considerably pivotal role in propelling the expansion of the medical foods market. The process of aging at the cellular and molecular level is a result of the progressive accumulation of biomolecular damage over time, leading to a gradual reduction in functional capacity, heightened susceptibility to illness, and ultimately, death. These alterations are neither linear nor continuous, and often loose correlation with an individual's chronological age. As individuals age, there is an increased reliance on specific nutritional foods, predominantly medical foods, to manage chronic and age-related diseases. For instance, a report issued by the World Health Organization (WHO), a Switzerland-based entity tasked with international public health, in October 2022 predicted that by 2030, one in six people globally will be 60 years or older. By 2050, this number is anticipated to reach 2.1 billion people. Thus, the growing geriatric population is anticipated to be a significant driver for the accelerated growth of the medical foods market.
Which Companies Hold the Largest Share Across Different Medical Foods Market Segments?
Major companies operating in the medical foods market include Nestlé SA, Danone SA, Fresenius Kabi AG, Mead Johnson & Company LLC, Primus Pharmaceuticals Inc., Abbott Nutrition Inc., Accera Inc., Ajinomoto Cambrooke Inc., Applied Food Sciences Inc., Cambrooke Therapeutics Inc., Danone Nutricia North America Inc., Health and Happiness (H&H) Group Limited, RFI Ingredients LLC, Solace Nutrition LLC, Targeted Medical Pharma Inc., VAYA Pharma Inc., Baxter Healthcare Corporation, Braun Melsungen AG, DuPont Nutrition & Biosciences, Enteral Nutrition Holdings Inc., Fresenius Medical Care AG & Co. KGaA, Nutricia North America Inc., Otsuka Pharmaceutical Co. Ltd., Koninklijke DSM NV, Total Parenteral Nutrition Solutions Inc.
What Trends Are Driving Growth in The Medical Foods Market?
Key players in the medical foods market are introducing new and unique products such as Foods for Special Medical Purposes (FSMP) in order to expand their customer reach, boost sales, and increase revenue streams. These specialized food products, FSMP, are designed specifically for individuals who suffer from certain medical conditions, disorders or diseases. For example, in July 2022, Nestle, a food corporation based in Switzerland, introduced Si Yi Su, a food product created for special medical purposes and meant for individuals grappling with tumour-related health problems. Si Yi Su's unique formulation, inclusive of arginine, fish oil omega-3, nucleotides, and other vital nutritional ingredients, is tailored to target inflammation as well as strengthen the weakened immune system of patients.
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What Are the Emerging Geographies for The Medical Foods Market Growth?
North America was the largest region in the medical foods market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical foods market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Foods Market?
2. What is the CAGR expected in the Medical Foods Market?
3. What Are the Key Innovations Transforming the Medical Foods Industry?
4. Which Region Is Leading the Medical Foods Market?
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