According to the latest report by IMARC Group, titled, “Medical Foods Market Growth:Global Industry Trends, Share, Size,  Opportunity and Forecast 2022-2027″, The global medical foods market size reached a value of US$ 20.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.2 Billion by 2027, exhibiting a CAGR of 5.8% during 2022-2027

Medical foods are intended to be consumed or administered enterally under the supervision of a physician. Their consumption helps in the specific dietary management of a condition or disease for which distinctive nutritional requirements are prescribed according to a medical evaluation. They are advised to patientswith limited or impaired capacity to ingest, digest, absorb, or metabolize ordinary foodstuffs or certain nutrients on account of therapeutic or chronic medical requirements.

Report Metric

Historical: 2016-2021

Base Year: 2022

Forecast Year: 2022-2027

Market Trends

The growing geriatric population, in confluence with the increasing prevalenceof chronic diseases, represents one of the key factors driving the sales of medical foods across the globe. They help manage symptoms of dementia, multiple sclerosis, and various neurological conditions. Moreover, rising awareness among patients about clinical nutrition is strengthening the growth of the market. Apart from this, the burgeoning e-commerce sector, boosting sales of smart devices and the increasing penetration of the internet haveresulted in the rising purchase of medical foods via online platforms. Other factors propelling the growth of the market includeincreasing funding forresearch and development (R&D) activities by several manufacturers and the rising adoption of healthy alternatives on account of the escalating medical servicescosts.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Medical Foods Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Abbott Laboratories, Alfasigma S.p.A., Danone S.A., Fresenius Kabi AG, Mead Johnson & Company LLC (Reckitt Benckiser), Medtrition Inc., Meiji Holdings Co. Ltd., Metagenics Inc. (Alticor), Nestlé S.A., Primus Pharmaceuticals Inc., Targeted Medical Pharma Inc. and Victus Inc.

The report has segmented the market on the basis on region, product, route of administration, application and distribution channel.

Breakup by Product:

• Pills
• Powder
• Others

Breakup by Route of Administration:

• Oral
• Enteral

Breakup by Application:

• ADHD
• Depression
• Diabetes
• Cancer
• Alzheimer’s Disease
• Metabolic Disorders
• Others

Breakup by Distribution Channel:

• Supermarkets
• Hospital and Retail Pharmacies
• Online Pharmacies
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, RussiaOthers
• Latin America: (Brazil, Mexico,Others)
• Middle East and Africa

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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