Press release
Medical Foods Market Projected to Reach USD 652.79 Billion by 2034, Expanding at a 4.0% CAGR
The medical foods market, in terms of revenue, was estimated to be worth USD 442.07 billion in 2024. It is poised to reach USD 652.79 billion by 2034, registering a CAGR of 4.0% from 2025 to 2034.
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What Are Medical Foods?
Medical foods are a specific grouping of products formulated to be used under the supervision of a physician for the dietary management of specific diseases or conditions. As per the FDA, medical food is contrived to be taken in or operated intestinally under the governance of a physician and is deliberated for particular dietary handling of an illness or condition for which peculiar nutritional needs dependent on identified scientific principles are set by medical evaluation.
For Alzheimer's, prescription food entails components such as omega-3 fatty acids, B vitamins, and antioxidants that have been shown to support brain well-being and enhance cognitive functions in persons with Alzheimer's. In diabetes, the medical foods carrying delayed digesting carbohydrates, fiber, and protein can assist in stabilizing blood sugar levels in persons with diabetes.
What Are Major Market Drivers?
Growing Prevalence of Chronic Illnesses: The growing prevalence of chronic illnesses worldwide is a notable driver for the market. Conditions such as diabetes, cardiovascular illnesses, and neurological illnesses need specific nutrition to handle indications and enhance overall health. As per the World Health Organization (WHO), chronic illnesses are accountable for roughly 71% of all worldwide mortalities having a favourable impact on medical foods market sales.
Rising Awareness of Nutrition: As healthcare persists in concentrating on prohibition and handling illnesses, there is an elevated consciousness about the crucial role of nutrition. The majority of patients and healthcare providers are identifying the importance of medical foods in supporting cures and enhancing the standard of life for persons with particular health conditions.
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Who Are Major Key Players?
The market is characterized by the presence of numerous global, regional, and local providers catering to the demand from research scientists, as well as pharmaceutical and biotechnology companies. The major players in the market include:
Abbott Laboratories
Nestlé Health Science
Danone S.A.
Fresenius Kabi
Mead Johnson Nutrition
Reckitt Benckiser Group
Baxter International
Targeted Medical Pharma
Vitaflo International
Medical Food Solutions
ProCare Health
GlaxoSmithKline
Herbalife Nutrition Ltd.
Recent Developments in the Medical Foods Market
In December 2024, Nestlé Health Science entered into a strategic partnership with a biotechnology company to strengthen its portfolio of medical foods designed for managing rare diseases. This collaboration aligns with Nestlé's broader strategy to expand its footprint in specialized nutrition, underscoring the increasing emphasis on developing targeted nutritional solutions for specific health conditions.
In January 2024, Abbott introduced its new PROTALITY brand, tailored to meet the nutritional needs of individuals with specific metabolic disorders. This launch reinforces Abbott's ongoing commitment to enhancing its medical food offerings in response to rising global healthcare demands.
How is Market Segmented?
The medical foods market is primarily segmented on the basis of product, route of administration, application, sales channel, and region.
Based on product, the powder segment held the largest share owing to a growing inclination for medical foods because of their effortlessness in intake and ingenuity.
Based on application, the chronic kidney disease (CKD) segment dominates the market owing to the elevated existence of CKD and the requirement for specific nutritional therapy in these patients.
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How Is Regional Analysis Done?
The report analyzes the medical foods market across key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America emerges as the dominant regional market, largely due to the high prevalence of chronic illnesses, a robust healthcare infrastructure, and growing consumer awareness regarding the benefits of specialized nutrition in disease management. The United States plays a pivotal role in this leadership, with widespread adoption of medical foods for managing conditions such as diabetes, cancer, and kidney disorders. The region also benefits from significant healthcare spending, a supportive regulatory framework, and the presence of major pharmaceutical and nutrition companies
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