Medical Food Market
Global Medical Food Market Size, Share & Trends Analysis Report by Type (Pills, Powder, and Others) By Application (Chronic kidney disease, Diabetic Neuropathy, Attention Deficit Hyperactivity Disorder (ADHD), Depression, Nutritional Deficiency, and Others), By Route of Administration (Oral and Enteral), and Forecast 2019-2025 Update Available - Forecast 2024-2030
The global medical food market is anticipated to grow at a significant CAGR during the forecast period. Various formulas specifically designed to aid in managing particular medical conditions or diseases falls in the category of medical food. Medical food is also commercially available in the form of oral rehydration products, which are medical equivalents to sports drinks that replace electrolytes. The factor including increasing incidence of diseases such as diabetes and Alzheimer's is anticipated to drive the market growth. In addition, the presence of a large number of products under clinical trials and their commercialization is fuelling the market growth during the forecast period.
Adverse effects of various chronic diseases and drug use during the treatment make the patients suffer from various nutrients deficiencies which can be addressed with medical food. This results in an increased demand for medical food in the market. Moreover, the recently observed consumer shift towards adopting healthy alternatives in day to day life in order to stay naturally healthy and prevent diseases is also driving the growth of the global medical food market.
Segmental Outlook
The global medical food market is segmented on the basis of type, application, and route of administration. Based on type, the market is sub-segmented into pills, powder, and others such as liquid formulations. Based on the application, the market is sub-segmented into chronic kidney disease, diabetic neuropathy, Attention deficit hyperactivity disorder (ADHD), depression, nutritional deficiency, and others. Based on the route of administration, the market is sub-segmented into oral and enteral. Orally administered medical food is estimated to hold a prominent share in the market.
Global Medical Food Market Share by Application 2018, (%)
Diabetic Neuropathy to Contribute a Significant Share in the Market
The application segment of the medical food market is sub-segmented into chronic kidney disease, diabetic neuropathy, ADHD, depression, nutritional deficiency, and others. Among these, diabetic neuropathy is anticipated to contribute a significant share in the market owing to increasing cases of diabetes across the globe. Hence, with the increasing diabetic population, the focus on nutritional management is also raising, which in turn, is fueling the medical food market. Some of the most common diabetes medical food includes METANX, Foltanx, and Percura capsules.
Regional Outlooks
The global medical food market is further segmented on the basis of geography into North America, Europe, Asia-Pacific, and Rest of the World. North America is estimated to hold the largest market share in the medical food during the forecast period. The increasing incidence of target disease cases, such as obesity, malnutrition, CVDs, and cancer in the region supports the growth of the medical food market during the forecast period.
Global Medical Food Market Growth by Region, 2019-2025
Asia-Pacific to Exhibit Considerable Growth Rate in the Medical Food Market
Asia-Pacific is anticipated to exhibit a considerable growth rate in the medical food market during the forecast period. The regional growth is attributed to the increasing incidence of diabetes cases in economies such as China. China accounts for the highest number of diabetes cases across the globe. In addition, the rising geriatric population in countries such as China and Japan will contribute significantly to the rise of the medical food market in the Asia-Pacific region. Moreover, companies such as Nestle S.A are taking initiatives for the development of medical food by opening new production factories in the Asia-Pacific region, which will further give a boost to the regional growth of the market.
Market Players Outlook
Some of the key players operating in the global medical food market include Danone SA, Nestle S.A, Abbott Laboratories Inc., Primus Pharmaceuticals, Inc., Fresenius Kabi AG, Baxter International Inc., Targeted Medical Pharma, Inc., and others.The market players are considerably contributing to the market growth by adopting various strategies including new product launch, merger and acquisition, and collaborations to stay competitive in the market.
Recent Activities
- In February 2020, Nestle S.A entered into an asset purchase agreement (ASA) with Allergan to acquire the gastrointestinal medication Zenpep. This acquisition will help the company to expand its business of medical nutrition
- In October 2018, Cerecin Inc. raised funding of $50 million in the first close of an investment round. The company intends to use the total funding for global drug development activities as well as the launch of Axona, a medical food in Asia-Pacific for the dietary management of people with Alzheimer’s disease.
- In April 2018, Nestlé S.A invested $151.5 million in its two new factories in the China Medical City in Taizhou, Jiangsu Province. The factories are indented to meet the needs of consumers for Foods for Special Medical Purposes (FSMP) and skincare products.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global medical food market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Danone SA
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Nestle S.A.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Abbott Nutrition (Abbott laboratories Inc.)
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.3.5. Fresenius Kabi AG
3.3.3.6. Overview
3.3.3.7. Financial Analysis
3.3.3.8. SWOT Analysis
3.3.3.9. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Global Medical Food Market by Type
5.1.1. Pills
5.1.2. Powder
5.1.3. Others
5.2. Global Medical Food Market by Applications
5.2.1. Chronic Kidney Disease
5.2.2. Diabetic Neuropathy
5.2.3. Attention Deficit Hyperactivity Disorder(ADHD)
5.2.4. Depression
5.2.5. Nutritional Deficiency
5.2.6. Others
5.3. Medical Food Market by Route of Administration
5.3.1. Oral
5.3.2. Enteral
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Abbott Nutrition (Abbott Laboratories, Inc.)
7.2. Alfasigma spA
7.3. Baxter International Inc.
7.4. Cerecin Inc.
7.5. Danone SA
7.6. Fresenius Kabi AG
7.7. GenMont Biotech Inc.
7.8. GlycosBio Food Sciences
7.9. Mead Johnson & Co., LLC
7.10. Meiji Holdings Co., Ltd.
7.11. Metagenics, Inc.
7.12. Nestle S.A
7.13. NutriLeads
7.14. OptiBiotix Health Plc
7.15. Otsuka Pharmaceutical Factory, Inc.
7.16. Primus Pharmaceuticals, Inc.
7.17. Reckitt Benckiser Group plc
7.18. Targedys
7.19. Targeted Medical Pharma, Inc.
7.20. Zenova Bio Nutrition
1. GLOBAL MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
2. GLOBAL PILLS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL POWDER MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL OTHER MEDICAL FOOD TYPE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
6. GLOBAL MEDICAL FOOD FOR CHRONIC KIDNEY DISEASE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL MEDICAL FOOD FOR DIABETIC NEUROPATHY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL MEDICAL FOOD FOR ADHD MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL MEDICAL FOOD FOR DEPRESSION MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL MEDICAL FOOD FOR NUTRITIONAL DEFICIENCY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL MEDICAL FOOD FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY ROUTE OF ADMINISTRATION, 2018-2025 ($ MILLION)
13. GLOBAL MEDICAL FOOD BY ORAL ROUTE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
14. GLOBAL MEDICAL FOOD BY ENTERAL ROUTE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
15. GLOBAL MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
16. NORTH AMERICAN MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
17. NORTH AMERICAN MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
18. NORTH AMERICAN MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
19. NORTH AMERICAN MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY ROUTE OF ADMINISTRATION, 2018-2025 ($ MILLION)
20. EUROPEAN MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
21. EUROPEAN MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
22. EUROPEAN MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
23. EUROPEAN MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY ROUTE OF ADMINISTRATION,2018-2025 ($ MILLION)
24. ASIA-PACIFIC MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
25. ASIA-PACIFIC MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
26. ASIA-PACIFIC MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
27. ASIA-PACIFIC MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY ROUTE OF ADMINISTRATION, 2018-2025 ($ MILLION)
28. REST OF THE WORLD MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
29. REST OF THE WORLD MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
30. REST OF THE WORLD MEDICAL FOOD MARKET RESEARCH AND ANALYSIS BY ROUTE OF ADMINISTRATION, 2018-2025 ($ MILLION)
1. GLOBAL MEDICAL FOOD MARKET SHARE BY TYPE, 2018 VS 2025 (%)
2. GLOBAL MEDICAL FOOD MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
3. GLOBAL MEDICAL FOOD MARKET SHARE BY ROUTE OF ADMINISTRATION, 2018 VS 2025 (%)
4. GLOBAL MEDICAL FOOD MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
7. UK MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD MEDICAL FOOD MARKET SIZE, 2018-2025 ($ MILLION)
