Report ID: UCMIG30L2073
Report ID:
UCMIG30L2073 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global oral clinical nutrition market experienced significant growth in 2022, with a valuation of USD 15.6 billion. Looking ahead, it is projected to maintain a steady expansion at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030. This growth can be attributed to various factors, including an increasing geriatric population, rising awareness about the importance of proper nutrition for overall health, and advancements in Health Care infrastructure. Additionally, the growing prevalence of chronic diseases and the demand for personalized nutrition solutions are expected to drive market growth during the forecast period. Overall, the oral clinical nutrition market is poised for substantial development in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Personal Products by segment aggregation, the contribution of the Personal Products in Household & Personal Products and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30L2073