USD 22.45 Billion
Medical Foods Market Size, Share, Growth Analysis, By Route of Administration(Oral and Enteral), By Product(Powder, Pills, Liquid, and Others), By Application(Chronic Kidney Disease, Minimal Hepatic Encephalopathy, Chemotherapy-induced Diarrhea, Pathogen-related Infections), By Sales Channel(Online Sales, Institutional Sales, and Retail Sales), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2345 |
Region:
Global |
Published Date: October, 2024
Pages:
165
|Tables:
120
|Figures:
71
Medical Foods Market Insights
Global Medical Foods Market size was valued at USD 22.45 Billion in 2022 and is poised to grow from USD 23.6 Billion in 2023 to USD 35.13 Billion by 2031, growing at a CAGR of 5.1 % in the forecast period (2024-2031).
The demand for medical foods is increasing owing to the increasing prevalence of chronic diseases like Alzheimer’s, ADHD, osteoporosis, osteoarthritis, and central nervous system disorders. Furthermore, conditions such as sleep disorders, depressions, fibromyalgia, and PTSD are suggested by medical professionals to consume amino acid based enteral nutrition. It is customized for patients who have digestive problems or require any nutrients. The rising prevalence of targeted diseases and advancements in drug developments are leading to the launch of disease-specific formulas, boosting the growth of the market. Market leaders like Nestle are one of the pioneers of making personalized clinical nutrition products, providing solutions like Metanx for diabetes and Deplin for depression. Medical foods are also considered as hybrid drugs and dietary supplements that are provided in a controlled manner. Medical foods are known for medical conditions, such as Parkinson’s and Azheiner’s. They are also valuable for the treatment of chronic diseases and assist in managing nutrition consumption. Medical professionals suggest medical food after analyzing the nutritional consumption and health of the patients. The primary difference among nutritional supplement and medical foods is that these foods need go through various stages of trials for pharmaceutical drugs. The disease or conditions due to which the foods are developed should be addressed adequately in medical foods. These factors are increasing the popularity of medical food among masses.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Oral
Fastest Growth
Powder
Growth Rate
5.1%
Global Medical Foods Market ($ Bn)
Country Share for North America Region (%)
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Medical Foods Market Segmental Analysis
The Global Medical Food Market is segmented into Route by Administration, Product, Application, End User, and Region. Based on Route by Administration, the market is segmented into Oral and Enteral. Based on Product, the market is segmented into Powder, Pills, Liquid, and Othe. Based on Application, Chronic Kidney Disease, Minimal Hepatic Encephalopathy, Chemotherapy-induced Diarrhea, Pathogen-related Infections, Diabetic Neuropathy ADHD, Depression, and Alzheimer. Based on Sales Channel, the market is segmented by Online Sales, Institutional Sales, and Retail Sales. By region, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Product Type
Based on product type, the powder food segment is dominating the medical food market with maximum share. This segment is witnessing such massive growth because powdered foods are easy to consume and can be combined with warm water or milk. Powdered food is also useful for the elderly population or infants who do not have teeth or the ability to chew. These types of food can also allow various types of formulations and innovations. People can add more taste to them so that it becomes easier for the patients to like these foods. Powdered foods are dry in nature and will remain fresh for a longer span of time, making them easier to store and consume. These food items are available in metal or plastic containers. They are also easily available in retail stores or medical stores. As powder formulations are one of the most preferred kinds of medical food as it is easy to consume, manufacturers are developing product categories that fulfil the customer preferences. Powder foods not only have the potential to fulfill an extensive range of requirements of the patients, but they can also be made gluten-free and vegan so that the patients do not get any allergies. These unique benefits of powdered food its demand is increasing rapidly in the medical foods market.
The liquid segment is witnessing the fastest growth in the medical food market. This growth can be attributed to the increasing geriatric population and infants. This age group is mostly affected by digestive problems and has lesser control over their bowels. However, liquids are easier for consumer can be easily pass through the urine. Eating solid food can be challenging for patients who have difficulty in swallowing to severe accidents or operations. In such situations, liquid food can be extremely useful. Furthermore, liquid foods can be highly efficient as they do not require much effort for digestion and the body can easily absorb them. To meet the specific dietary necessities these foods are packed with sufficient nutrient content, vitamins, and minerals. Nowadays, manufacturers are also trying to improve the taste of liquid food by adding fruity flavors so that it becomes easier for the patients to consume, and they don’t have to intake just bland liquid foods.
Analysis by Sales Channel
Based on sales channel, the institutional sales segment is dominating the medical foods market. Institutional sales involve making sales to the hospital, institutes, or clinics and not directly to the patients. It means that patients will get proper prescription from their physician or any medical professionals and then only they will get access to the medicines. The institutional sales channel is dominating the segment because patients get better assurance from their physicians about the efficiency of the medication. Furthermore, it is always better to trust professionals, particularly when it is about medicines. Several hospitals and clinical have collaborated with medical food manufacturers from where they buy medical foods in bulk and at a reasonable price.
The online sales channel is witnessing the fastest growth in the medical foods market. This is because, today many medical foods are available on websites where patients can easily order medicines online. The online channels offer the convenience of delivery at the doorstep while making sure about adequate quality of the product. Nowadays, geographical barriers are not a restriction any more for delivering any products due to online sale. Patients can easily order their medicine from any corner of the world at the comfort of their home. Online sales are available at any time of the day, and one just has to visit the website to order their medical foods. Moreover, online sales channels are more affordable and offer a wider range of products. These factors are increasing the popularity of online sales in the medical foods market.
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Medical Foods Market Regional Insights
North America is dominating the medical foods market with maximum market share. This region is witnessing a rapid growth in the market due to the increasing geriatric population suffering from chronic diseases. In recent times, a huge group of people have shown their reliance on medical foods. Furthermore, there has also been as increase in the number of infants and this age group is mostly dependent on powdered medical foods or liquid medical foods, boosting the demand of medical foods. It is expected that there will be a substantial growth in the infant population in the coming years. Nutritional deficiencies have also become a massive problem in this region and many patients with chronic diseases are suffering from nutritional defects. This is positively impacting the growth of the medical foods market. Medical professionals are also suggesting people suffering from neural problems or having neuro surgeries to consume medical foods, leading to the expansion of the market. These factors are contributing to the growth of the medical foods market in North America.
Asia Pacific is witnessing the fastest growth in the medical foods market. This is due to the increasing incidences of chronic diseases like cancer and diabetes. Many government bodies are also taking initiatives to aware people about such diseases and their cure by introducing many policies to advance the medical sector. The region is also experiencing a constant growth of geriatric population who are becoming more vulnerable to diseases. People are also following a fast-paced life with a busy schedule and arbitrary diet habit which is leading to lifestyle-based diseases like diabetes and obesity. These diseases are increasing the consumption of powered food or liquid food under the instruction of medical professionals, which is boosting the market growth immensely. However, there is also an awareness about health at the same time, and people are taking steps to lead a healthier lifestyle. Medical foods are not only utilized for treating diseases but also to prevent them. There is intense competition among the local players, and this is leading to growth in the market.
Global Medical Foods Market Market By Geography
- Largest
- Fastest
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Medical Foods Market Dynamics
Drivers
Rising Prevalence of Chronic Diseases
- Chronic disorders like diabetes, cardiovascular disease and metabolic disorders are becoming more prevalent globally. This is increasing demand for dietary therapies like medical foods. These types of food products help patients with unique dietary requirements. It also manages symptoms, enhances health outcomes and brings improvement to the quality of life.
Development in Medical Care and Nutritional Science
- In recent times, the medical food market is witnessing massive advancements in products. This is primarily driven by the continuous research and development in medical and nutritional science. This type of R&D involves an in-depth analyzation of the causes of disease, dietary requirements, and manufacturing technologies. This leads to more efficient and targeted medicines that fulfil the patient’s unique demands.
Restraints
Lack of Education and Awareness
- Most of the time, medical professionals, patients and caregivers frequently lack awareness about the importance and advantages of medical foods. Efficient interaction and education are vital for gaining acceptance and adoption. Several medical practitioners might not completely understand the differences between medicinal foods, dietary supplements and regular foods. This can massively influence the prescribing process and can harm patients.
Growing Challenges Related to Expense and Reimbursements
- In most cases, health insurance does not cover medical foods, and neither are they reimbursed through public healthcare systems in several countries. This lack of reimbursement is becoming a hindrance to patients' access because out-of-pocket expenses can be too costly for some people. Furthermore, the high expenses of medicinal foods in comparison with common foods or dietary supplements can restrain medical professionals and patients from considering them as a possible therapeutic choice.
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Medical Foods Market Competitive Landscape
The medical foods market is intensely competitive, with businesses constantly engaging in strategic moves, like mergers, acquisitions, and new product launches. It helps them to increase their position in the market. Furthermore, many smaller businesses and startups are also entering the market, offering innovative medical nutrition solutions that can fulfil the requirements of specific medical conditions. The market's competitive nature is boosted by the increasing demand for personalized nutritional interventions. This requires constant research and development initiatives to stay ahead in this ever-changing business setting.
Top Player’s Company Profile
- Danone S.A. (France)
- Nestlé (Switzerland)
- Abbott (U.S.)
- Primus Pharmaceuticals, Inc. (U.S.)
- Mead Johnson & Company, LLC. (U.S.)
- Medtrition, Inc. (U.S.)
- Fresenius Kabi AG (Germany)
- Meiji Holdings Co., Ltd. (Japan)
- Reckitt Benckiser Group PLC (U.K.)
- Cerecin Inc. (U.S.)
- Metagenics (U.S.)
- ENTERA HEALTHCARE (U.S.)
- Bausch Health Companies Inc. (Canada)
- Upsher-Smith Laboratories, LLC (U.S.)
Recent Developments
- In May 2024, Solarea Bio made an announcement about the introduction of Bondia. It is a unique daily medical food produced to manage postmenopausal bone loss by utilizing a synbiotic capsules.
- In October 2023, Danone made an investment of $15 million for expanding its Lüleburgaz facility in Turkey. It will be utilized for producing medical nutrition products. This expansion will improve the supply of oral nutritional supplements utilized under medical supervision.
- In July 2022, Nestle launched China's first FSMP, Oral Impact Su Yi Su. This is particularly designed for tumor-related conditions, as it reduces inflammation and compromised immunity in patients.
Medical Foods Key Market Trends
- Increasing Emphasis on Chronic Disease Management: There is an increasing focus on integrating medicinal foods into a wide range of care methods for chronic illness management. Diseases like diabetes, Alzheimer, and gastrointestinal can be treated with medical foods targeting metabolic routes and nutritional deficits. This trend indicates a massive shift toward preventative healthcare and integrated treatment methods. It can successfully combine medical and nutritional therapy.
- Technological Developments and Innovation: The integration of new technology into product development and distribution is changing the medical food market. Medical meals are becoming immensely efficient and user-friendly. This is because of the developments in bioavailability, novel delivery techniques, and digital health devices for monitoring patient adherence and reaction. These enhancements help to boost patient experiences and results.
Medical Foods Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global medical food market is growing gradually due to several factors. The growing incidences of chronic diseases, increasing geriatric population, and rising awareness about the importance of nutrition in healthcare settings are boosting market growth. Furthermore, developments in medical nutrition technology and innovative products have also progressed the market further. Business strategies like collaborations between healthcare providers and nutrition experts are further driving market growth. More emphasis on patient-centric care and the incorporation of nutrition therapy into medical protocols have positively influenced the growth of the medical foods market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 22.45 Billion |
| Market size value in 2031 | USD 35.13 Billion |
| Growth Rate | 5.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Foods Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Foods Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Foods Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Foods Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Foods Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Foods Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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