Market Overview:
The global special medical food market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising awareness about the benefits of special medical foods, and technological advancements in the field of special medical foods. The global market for complete nutrition is expected to grow at a CAGR of 7.8% from 2018 to 2030. This growth can be attributed to the increasing prevalence of chronic diseases, rising awareness about the benefits of complete nutrition, and technological advancements in this field.
Product Definition:
A special medical food is a food that has been specifically designed to meet the nutritional needs of people with certain diseases or medical conditions. These foods are often prescribed by doctors to help people with specific health problems, such as diabetes, cancer, or Crohn's disease.
Complete Nutrition:
Complete nutrition is a term used for food & beverage products that provide all the essential nutrients to human beings. Complete nutrition helps in maintaining ideal body weight, enhances resistance to disease and improves metabolism.
The global complete nutrition market size was valued at USD 1,48,867.59 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of growing demand from special medical food industry owing to increasing prevalence of chronic diseases such as diabetes.
Disease-Specific Nutrition:
DNS is the nutrition that is specific to a disease or medical condition. It helps in curing, mitigating, or preventing diseases by improving the nutritional status of the patient. The main objective of disease-specific nutrition (DSN) in special medical food is to provide nutritionally adequate and safe diet for patients with specified disease or condition so as to prevent its complications and improve their overall health.
Application Insights:
The infant application segment held the largest share of over 60.0% in 2015 and is expected to continue its dominance over the forecast period. The high share can be attributed to growing awareness about nutritional deficiency among mothers during pregnancy and increasing demand for specialized infant food products that meet all the nutritional requirements of infants.
Specialized milk replacers for premature babies are also gaining popularity, which help them gain weight at a faster rate while improving their digestion process. These products are available in different forms such as concentrated liquid, powder, bar form and others that contain nutrients like iron & zinc etc., necessary for baby¢â‚¬â„¢s growth.
Regional Analysis:
North America dominated the global special medical food market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding infant and toddler nutrition, supportive government initiatives, and high disposable income of consumers. Moreover, presence of well-established healthcare facilities and favorable reimbursement policies are anticipated to drive regional growth over the forecast period.
Asia Pacific is estimated to witness lucrative growth over the next eight years owing to rising prevalence of malnutrition in developing countries such as India.
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. As a result, there is an increased demand for special medical foods that can help in the treatment and management of chronic diseases.
- Growing awareness about the benefits of special medical foods: There is a growing awareness among people about the benefits offered by special medical foods. This has led to an increase in their demand, especially among those who are suffering from chronic illnesses or have nutritional deficiencies.
- Technological advancements in food production: There have been significant advancements in food production technologies over the past few years, which has helped to improve the quality and safety of special medical foods products available in the market today. This has further boosted their demand among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Special Medical Food Market Research Report
By Type
Complete Nutrition, Disease-Specific Nutrition, Malnutrition
By Application
Infants, Adult, Old Man
By Companies
Nestle, Danone Nutricia, Bayer, MeadJohnson, Abbott, Ajinomoto
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Special Medical Food Market Report Segments:
The global Special Medical Food market is segmented on the basis of:
Types
Complete Nutrition, Disease-Specific Nutrition, Malnutrition
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, Adult, Old Man
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
- Bayer
- MeadJohnson
- Abbott
- Ajinomoto
Highlights of The Special Medical Food 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
- Malnutrition
- By Application:
- Infants
- Adult
- Old Man
- 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 Special Medical Food 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?
Special medical food is a type of dietary supplement that is designed to provide specific health benefits for people with certain medical conditions. These supplements can help improve the quality of life for those who take them, by providing nutrients and other substances that may not be available in standard diets.
Some of the key players operating in the special medical food market are Nestle, Danone Nutricia, Bayer, MeadJohnson, Abbott, Ajinomoto.
The special medical food market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Special Medical Food 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 Special Medical Food Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Special Medical Food 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 Special Medical Food 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 Special Medical Food Market Size & Forecast, 2020-2028
4.5.1 Special Medical Food Market Size and Y-o-Y Growth
4.5.2 Special Medical Food 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 Complete Nutrition
5.2.2 Disease-Specific Nutrition
5.2.3 Malnutrition
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 Infants
6.2.2 Adult
6.2.3 Old Man
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Special Medical Food 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 Special Medical Food 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 Complete Nutrition
9.6.2 Disease-Specific Nutrition
9.6.3 Malnutrition
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 Infants
9.10.2 Adult
9.10.3 Old Man
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 Complete Nutrition
10.6.2 Disease-Specific Nutrition
10.6.3 Malnutrition
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 Infants
10.10.2 Adult
10.10.3 Old Man
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 Complete Nutrition
11.6.2 Disease-Specific Nutrition
11.6.3 Malnutrition
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 Infants
11.10.2 Adult
11.10.3 Old Man
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 Complete Nutrition
12.6.2 Disease-Specific Nutrition
12.6.3 Malnutrition
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 Infants
12.10.2 Adult
12.10.3 Old Man
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 Complete Nutrition
13.6.2 Disease-Specific Nutrition
13.6.3 Malnutrition
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 Infants
13.10.2 Adult
13.10.3 Old Man
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 Special Medical Food Market: Competitive Dashboard
14.2 Global Special Medical Food 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 Bayer
14.3.4 MeadJohnson
14.3.5 Abbott
14.3.6 Ajinomoto
