Market Overview:
The global medical foods market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing prevalence of lifestyle diseases, growing awareness about the benefits of medical foods, and rising demand for personalized nutrition. The weight management supplements segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing prevalence of obesity and overweight population across the globe. The vitamins and dietary supplements segment accounted for majority share in 2017 and is projected to maintain its dominance during the forecast period. This can be attributed to rising consumer awareness about health benefits associated with vitamin and dietary supplements consumption. In terms of application, children/teenagers segment held majority share in 2017 and is projected to maintain its dominance during the forecast period owingto high incidence rateof lifestyle diseasesamong children/teenagers population globally .
Product Definition:
Medical foods are foods that have been specifically designed to meet the unique nutritional needs of people with medical conditions. They are often used to manage diseases such as diabetes, heart disease, and cancer. Medical foods can be found in both liquid and solid form, and they are typically prescribed by a doctor or other healthcare professional.
Weight Management Supplements:
The global weight management supplements market size was valued at USD 19.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period due to increasing prevalence of obesity across the globe. According to WHO, in 2014, more than 1.9 billion adults were overweight which leads to increased risk for various chronic diseases such as heart disease, stroke, diabetes and cancer (8).
Vitaminsand Dietary Supplements:
Vitamins and dietary supplements are used in medical foods for the treatment of nutritional deficiencies. They help to maintain the structure and function of cells, organs, & tissues. Vitamins also help to reduce inflammation which is a natural response triggered by infection or injury.
The most common vitamin deficiency is that of Vitamin D which affects over 30% population worldwide leading to rickets (underdeveloped bone) among children and osteomalacia (softening of bones) among adults.
Application Insights:
The women application segment held the largest share of 47.5% in 2017. The growing number of female athletes is a key factor for this growth. Increasing awareness about nutritional requirements and health benefits among women is also a major factor for this segment¢â‚¬â„¢s dominance over the forecast period.
Medical foods are widely used among pregnant woman owing to increased nutrient needs during pregnancy, as well as additional nutrition requirements of the baby after birth. Pregnant Woman category is expected to be one of the fastest-growing segments during the forecast period due to increasing awareness about nutritional needs during pregnancy, and rising demand for specific supplements required by mother under different stages of her life (during pre-conception until she gives birth).
Rising geriatric population across various regions including North America, Europe, Asia Pacific.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness considerable growth over the forecast period owing to rising consumer awareness regarding nutritional products and their benefits, such as improved health and immunity, prevention of chronic diseases, reduction of stress & anxiety. Rising demand for sports nutrition supplements due to increasing number of people involved in various sports activities is also anticipated to drive the regional market over the forecast period.
Asia Pacific is expected to be one of fastest growing regional markets during the forecast years on account of rising geriatric population prone towards chronic diseases such as cardiovascular disease (CVD), diabetes, cancer that can be prevented by proper nutrition intake along with physical activity.
Growth Factors:
- Increasing prevalence of chronic diseases such as diabetes, heart disease, and cancer is expected to drive the demand for medical foods.
- Rising awareness about the benefits of medical foods is projected to boost the market growth.
- Growing number of geriatric population is anticipated to fuel the demand for medical foods over the forecast period.
- Technological advancements in food processing are expected to create new opportunities for market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Foods Market Research Report
By Type
Weight Management Supplements, Vitaminsand Dietary Supplements, Sports Nutrition Supplements, Herbal Supplements, Others
By Application
Children/ Teenagers, Men, Women, Pregnant Woman, Elderly
By Companies
Nestlé SA, Amway, Herbalife Nutrition, Suntory, GNC, INFINITUS, Usana, PERFECT (CHINA), By-health, Suntory, GNC, China New Era Group, Glanbia Plc, DONG’E EJIAO, Nature’s Care, Beijing Tong Ren Tang, Real Nutriceutical
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Medical Foods Market Report Segments:
The global Medical Foods market is segmented on the basis of:
Types
Weight Management Supplements, Vitaminsand Dietary Supplements, Sports Nutrition Supplements, Herbal Supplements, Others
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
Children/ Teenagers, Men, Women, Pregnant Woman, Elderly
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:
- Nestlé SA
- Amway
- Herbalife Nutrition
- Suntory
- GNC
- INFINITUS
- Usana
- PERFECT (CHINA)
- By-health
- Suntory
- GNC
- China New Era Group
- Glanbia Plc
- DONG’E EJIAO
- Nature’s Care
- Beijing Tong Ren Tang
- Real Nutriceutical
Highlights of The Medical Foods 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:
- Weight Management Supplements
- Vitaminsand Dietary Supplements
- Sports Nutrition Supplements
- Herbal Supplements
- Others
- By Application:
- Children/ Teenagers
- Men
- Women
- Pregnant Woman
- Elderly
- 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 Medical Foods 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?
Medical foods are dietary supplements or medications that are specially formulated to provide specific health benefits for people with certain medical conditions. They may be prescribed by a doctor, used as part of a clinical trial, or purchased over the counter.
Some of the key players operating in the medical foods market are Nestl© SA, Amway, Herbalife Nutrition, Suntory, GNC, INFINITUS, Usana, PERFECT (CHINA), By-health, Suntory, GNC, China New Era Group, Glanbia Plc, DONG’E EJIAO, Nature’s Care, Beijing Tong Ren Tang, Real Nutriceutical.
The medical foods market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Foods 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 Medical Foods Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Foods 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 Medical Foods 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 Medical Foods Market Size & Forecast, 2020-2028
4.5.1 Medical Foods Market Size and Y-o-Y Growth
4.5.2 Medical Foods Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Weight Management Supplements
5.2.2 Vitaminsand Dietary Supplements
5.2.3 Sports Nutrition Supplements
5.2.4 Herbal Supplements
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Children/ Teenagers
6.2.2 Men
6.2.3 Women
6.2.4 Pregnant Woman
6.2.5 Elderly
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Foods 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 Medical Foods 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Weight Management Supplements
9.6.2 Vitaminsand Dietary Supplements
9.6.3 Sports Nutrition Supplements
9.6.4 Herbal Supplements
9.6.5 Others
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 Market Size Forecast by Applications
9.10.1 Children/ Teenagers
9.10.2 Men
9.10.3 Women
9.10.4 Pregnant Woman
9.10.5 Elderly
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Weight Management Supplements
10.6.2 Vitaminsand Dietary Supplements
10.6.3 Sports Nutrition Supplements
10.6.4 Herbal Supplements
10.6.5 Others
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 Market Size Forecast by Applications
10.10.1 Children/ Teenagers
10.10.2 Men
10.10.3 Women
10.10.4 Pregnant Woman
10.10.5 Elderly
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Weight Management Supplements
11.6.2 Vitaminsand Dietary Supplements
11.6.3 Sports Nutrition Supplements
11.6.4 Herbal Supplements
11.6.5 Others
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 Market Size Forecast by Applications
11.10.1 Children/ Teenagers
11.10.2 Men
11.10.3 Women
11.10.4 Pregnant Woman
11.10.5 Elderly
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Weight Management Supplements
12.6.2 Vitaminsand Dietary Supplements
12.6.3 Sports Nutrition Supplements
12.6.4 Herbal Supplements
12.6.5 Others
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 Market Size Forecast by Applications
12.10.1 Children/ Teenagers
12.10.2 Men
12.10.3 Women
12.10.4 Pregnant Woman
12.10.5 Elderly
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Weight Management Supplements
13.6.2 Vitaminsand Dietary Supplements
13.6.3 Sports Nutrition Supplements
13.6.4 Herbal Supplements
13.6.5 Others
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) Market Size Forecast by Applications
13.10.1 Children/ Teenagers
13.10.2 Men
13.10.3 Women
13.10.4 Pregnant Woman
13.10.5 Elderly
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 Medical Foods Market: Competitive Dashboard
14.2 Global Medical Foods Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nestlé SA
14.3.2 Amway
14.3.3 Herbalife Nutrition
14.3.4 Suntory
14.3.5 GNC
14.3.6 INFINITUS
14.3.7 Usana
14.3.8 PERFECT (CHINA)
14.3.9 By-health
14.3.10 Suntory
14.3.11 GNC
14.3.12 China New Era Group
14.3.13 Glanbia Plc
14.3.14 DONG’E EJIAO
14.3.15 Nature’s Care
14.3.16 Beijing Tong Ren Tang
14.3.17 Real Nutriceutical
