Press release
Ready-to-Use Therapeutic Food Market Top Players - GC Rieber Compact AS, Diva Nutritional Products, Edesia USA, Hilina, InnoFaso, Insta Products.
"Ready-to-Use Therapeutic Food Market" in terms of revenue was estimated to be worth USD 538.45 Million in 2023 and is poised to reach USD 1,298.89 Million by the year 2031, growing at a CAGR of 11.85% from 2024 to 2031 according to a new report by InsightAce Analytic.Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1484
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 specially formulated, nutrient-dense food products designed to treat children suffering from severe acute malnutrition. These products are rich in protein and calories and contain essential vitamins and minerals required for physical recovery and healthy development. The market demand for RUTF is expected to rise, driven by the increasing implementation of initiatives by governmental bodies and non-governmental organizations focused on combating malnutrition. Additionally, the growing incidence of natural disasters and heightened awareness among stakeholders-including government agencies, NGOs, and individuals-regarding child nutrition and dietary supplementation are anticipated to further propel market growth.
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 (RUTF) Market Dynamics
Market Drivers:
Rising global awareness and advocacy efforts focused on combating hunger are anticipated to be key drivers of the Ready-to-Use Therapeutic Food (RUTF) market. Numerous government-led and non-governmental initiatives aimed at alleviating malnutrition and enhancing the health of underserved populations are expected to generate substantial growth opportunities during the forecast period. The increasing implementation of malnutrition intervention programs, supported by both public and private sector organizations, along with heightened awareness of nutritional deficiencies, is projected to significantly contribute to market expansion.
Challenges:
High production costs, primarily due to the elevated prices of essential raw materials, represent a major constraint to the growth of the RUTF market. Additionally, a growing governmental preference for the use of locally sourced ingredients may restrict market development, as manufacturers seek cost-efficient alternatives to standard components such as peanuts and milk powder. These economic and logistical challenges may impede the broader deployment and scalability of RUTF products.
Regional Trends:
North America is anticipated to record the highest compound annual growth rate (CAGR) in the RUTF market during the forecast period, with a significant contribution to global revenue. This growth is attributed to increasing demand among the working population for convenient, ready-to-consume nutritional products. Furthermore, the region's rapid urbanization, rising consumer awareness regarding the benefits of RUTF, and shifting dietary preferences are expected to further stimulate market growth.
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
Read Overview Report- https://www.insightaceanalytic.com/report/global-ready-to-use-therapeutic-food-market/1484
About Us:
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.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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