Market Overview:
The global market for Formula Foods for Special Medical Purposes is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth can be attributed to the increasing prevalence of chronic diseases, growing awareness about the benefits of special medical foods, and rising demand from emerging markets. The global market for Formula Foods for Special Medical Purposes is segmented by type into Complete Nutrition, Disease Specific Nutrition, and Incomplete Nutrition. The Complete Nutrition segment is expected to account for the largest share of the market in 2018. This segment includes products such as infant formula milk powder, toddler milk powder, sports nutrition supplements, and weight management supplements that provide all the essential nutrients required by a person. The Disease Specific Nutrition segment includes products such as gluten-free food products, diabetic food products,, and pediatric nutritional supplements that are specifically designed to meet the dietary needs of patients with specific diseases or conditions. The Incomplete Nutrition segment includes products such as meal replacement shakes/bars,, soups/stews,, and entrees that do not provide all the essential nutrients required by a person. The global market for Formula Foods for Special Medical Purposes is also divided by application into Infants & Young Children,. Adult,.and Old Age Groups. Among these applications,.the Infants & Young Children application sector accountedfor majorityof share in 2017 owingto high incidenceof malnutritionamong children below 5 years old globally . However,.
Product Definition:
A Formula Food for Special Medical Purposes is a food that has been specifically designed to meet the nutritional needs of people with certain medical conditions. These foods are often high in protein and calories, and they may be fortified with vitamins and minerals. Formula Foods for Special Medical Purposes are important because they can help people with medical conditions meet their nutritional needs.
Complete Nutrition:
Complete nutrition is a term used for food & beverage products that provide all the essential nutrients to the human body. Complete nutrition helps in maintaining strength, energy, and health of human body. It also helps in curing diseases like malnutrition and anemia among others.
Disease Specific Nutrition:
D SNP is a specialized form of nutrition which helps in maintaining the optimal nutritional requirements of the human body, to ensure that all organs are functioning optimally. It also helps in improving and maintaining optimum health as well as enhances resistance towards diseases. The major functions performed by disease specific nutrition include maintenance of ideal blood sugar levels, reduction/ elimination of toxins from the body and improvement/ maintenance of ideal weight for a person.
Application Insights:
The infant and young children segment held the largest market share in 2017. This is attributed to increasing awareness about nutritional deficiencies among infants and growing preference for using infant formulae as a substitute for breastfeeding. Furthermore, rising demand for convenience products is expected to fuel the growth of this segment over the forecast period.
Formula foods are used not only as substitutes but also complement breastfeeding by providing additional nutrition required by an infant's body. Growing use of iron-fortified formula among infants suffering from hemochromatosis or hemoglobin C disease is expected to drive this application segment over the forecast period owing to high demand for convenient, iron-rich products in emerging economies such as India and China.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as high disposable income, improved healthcare facilities for adults and infants, and rising awareness regarding infant nutrition among women of childbearing age. Asia Pacific is anticipated to witness lucrative growth over the coming years owing to improving standards of living coupled with increasing disposable income levels in emerging economies including China and India.
The Middle East & Africa (MEA) accounted for a small share owing their low revenue generation compared with other regions but are expected to grow at a significant rate during the forecast period on account of rising prevalence rates of malnutrition especially among children under 5 years old which has led government agencies as well as non-government organizations (NGOs) involved in promoting health & nutrition within this region.
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is expected to drive the demand for Formula Foods for Special Medical Purposes products over the forecast period.
- Rising awareness about benefits of Formula Foods for Special Medical Purposes: There is a growing awareness among consumers about the benefits of Formula Foods for Special Medical Purposes products, which is expected to boost demand in the market over the forecast period.
- Technological advancements: The development of innovative and advanced technologies has led to the introduction of new and improved Formula Foods for Special Medical Purposes products in the market, which is anticipated to fuel market growth during the forecast period.
- Growing number of geriatric population: The global geriatric population is increasing at a rapid pace, which is likely to result in an increase in demand for Formula Foods for Special Medical Purposes products over the next few years. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Formula Foods for Special Medical Purposes Market Research Report
By Type
Complete Nutrition, Disease Specific Nutrition, Incomplete Nutrition
By Application
Infants and Young Children, Adult, The Old
By Companies
Nestle, Danone Nutricia, Abbott, Bayer, MeadJohnson, Ajinomoto, BOSSD, LESKON, EnterNutr
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Formula Foods for Special Medical Purposes Market Report Segments:
The global Formula Foods for Special Medical Purposes market is segmented on the basis of:
Types
Complete Nutrition, Disease Specific Nutrition, Incomplete Nutrition
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Infants and Young Children, Adult, The Old
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nestle
- Danone Nutricia
- Abbott
- Bayer
- MeadJohnson
- Ajinomoto
- BOSSD
- LESKON
- EnterNutr
Highlights of The Formula Foods for Special Medical Purposes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Complete Nutrition
- Disease Specific Nutrition
- Incomplete Nutrition
- By Application:
- Infants and Young Children
- Adult
- The Old
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Formula Foods for Special Medical Purposes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Formula Foods is a food company that manufactures and distributes special medical foods for people with disabilities. These foods are designed to help individuals with disabilities live more independently and enjoy greater quality of life.
Some of the major players in the formula foods for special medical purposes market are Nestle, Danone Nutricia, Abbott, Bayer, MeadJohnson, Ajinomoto, BOSSD, LESKON, EnterNutr.
The formula foods for special medical purposes market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Formula Foods for Special Medical Purposes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Formula Foods for Special Medical Purposes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Formula Foods for Special Medical Purposes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Formula Foods for Special Medical Purposes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Formula Foods for Special Medical Purposes Market Size & Forecast, 2018-2028
4.5.1 Formula Foods for Special Medical Purposes Market Size and Y-o-Y Growth
4.5.2 Formula Foods for Special Medical Purposes Market Absolute $ Opportunity
Chapter 5 Global Formula Foods for Special Medical Purposes Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Formula Foods for Special Medical Purposes Market Size Forecast by Type
5.2.1 Complete Nutrition
5.2.2 Disease Specific Nutrition
5.2.3 Incomplete Nutrition
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Formula Foods for Special Medical Purposes Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Formula Foods for Special Medical Purposes Market Size Forecast by Applications
6.2.1 Infants and Young Children
6.2.2 Adult
6.2.3 The Old
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Formula Foods for Special Medical Purposes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Formula Foods for Special Medical Purposes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Formula Foods for Special Medical Purposes Analysis and Forecast
9.1 Introduction
9.2 North America Formula Foods for Special Medical Purposes Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Formula Foods for Special Medical Purposes Market Size Forecast by Type
9.6.1 Complete Nutrition
9.6.2 Disease Specific Nutrition
9.6.3 Incomplete Nutrition
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Formula Foods for Special Medical Purposes Market Size Forecast by Applications
9.10.1 Infants and Young Children
9.10.2 Adult
9.10.3 The Old
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Formula Foods for Special Medical Purposes Analysis and Forecast
10.1 Introduction
10.2 Europe Formula Foods for Special Medical Purposes Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Formula Foods for Special Medical Purposes Market Size Forecast by Type
10.6.1 Complete Nutrition
10.6.2 Disease Specific Nutrition
10.6.3 Incomplete Nutrition
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Formula Foods for Special Medical Purposes Market Size Forecast by Applications
10.10.1 Infants and Young Children
10.10.2 Adult
10.10.3 The Old
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Formula Foods for Special Medical Purposes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Formula Foods for Special Medical Purposes Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Formula Foods for Special Medical Purposes Market Size Forecast by Type
11.6.1 Complete Nutrition
11.6.2 Disease Specific Nutrition
11.6.3 Incomplete Nutrition
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Formula Foods for Special Medical Purposes Market Size Forecast by Applications
11.10.1 Infants and Young Children
11.10.2 Adult
11.10.3 The Old
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Formula Foods for Special Medical Purposes Analysis and Forecast
12.1 Introduction
12.2 Latin America Formula Foods for Special Medical Purposes Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Formula Foods for Special Medical Purposes Market Size Forecast by Type
12.6.1 Complete Nutrition
12.6.2 Disease Specific Nutrition
12.6.3 Incomplete Nutrition
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Formula Foods for Special Medical Purposes Market Size Forecast by Applications
12.10.1 Infants and Young Children
12.10.2 Adult
12.10.3 The Old
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Formula Foods for Special Medical Purposes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Formula Foods for Special Medical Purposes Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Formula Foods for Special Medical Purposes Market Size Forecast by Type
13.6.1 Complete Nutrition
13.6.2 Disease Specific Nutrition
13.6.3 Incomplete Nutrition
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Formula Foods for Special Medical Purposes Market Size Forecast by Applications
13.10.1 Infants and Young Children
13.10.2 Adult
13.10.3 The Old
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Formula Foods for Special Medical Purposes Market: Competitive Dashboard
14.2 Global Formula Foods for Special Medical Purposes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nestle
14.3.2 Danone Nutricia
14.3.3 Abbott
14.3.4 Bayer
14.3.5 MeadJohnson
14.3.6 Ajinomoto
14.3.7 BOSSD
14.3.8 LESKON
14.3.9 EnterNutr
