Technavio analyzes that the Medical Foods Market is expected to grow at a CAGR of 4.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5189.2 million.There are various factors that contribute to the growth of the market. The medical foods market is experiencing significant growth due to the increasing adoption of these specialized nutritional products by the geriatric population. With an aging demographic trend, there is a heightened demand for medical foods that cater to specific health conditions and nutritional needs. These foods provide essential nutrients and therapeutic benefits, making them an essential part of the healthcare regime for many elderly individuals. The market is expected to continue expanding as more people recognize the importance of medical foods in managing chronic conditions and maintaining overall health.
In the dynamic and expanding global medical foods market, e-commerce vendors provide specialized powder medical foods tailored to address the unique nutritional requirements of diverse patient populations. Developed by multidisciplinary teams of registered dieticians, food scientists, and nutritionists, these nutrient-dense formulations cater to various medical conditions and age groups. They offer solutions for adults, geriatric consumers, infants, children, and new mothers. These medical foods are essential for managing chronic diseases such as kidney disease, hepatic encephalopathy, and chemotherapy-induced diarrhea, as well as conditions like ADHD, depression, Alzheimer's disease, and nutritional deficiencies. Furthermore, they address orphan diseases like phenylketonuria and eosinophilic esophagitis. By optimizing health experiences through medical care and wellness therapies, these vendors contribute significantly to nourishing patients and ensuring nutritional balance.
Know which region is leading the market growth by requesting a sample report
Medical Foods Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
Find out what is trending in the market by accessing the free PDF report
The medical foods market caters to individuals with chronic diseases such as Alzheimer's, ADHD, Osteoporosis, Osteoarthritis, Sleep disorders, Depression, Fibromyalgia, PTSD, and various non-communicable diseases. This market focuses on virtual health optimization, enhancing the health experience, and providing medical care through nourishing food and wellness therapies. Patient-centric care, telehealth, health assessments, and personalized nutrition are key components. Diabetes, Cancer, Metabolic disorders, Gastrointestinal disorders, Neurological disorders, and other nutritional needs are addressed through dietary management and conventional therapies.
The global market for medical foods, encompassing disease-specific formulas for chronic conditions such as Alzheimer's, Osteoporosis, Osteoarthritis, Noncommunicable diseases, Sleep disorders, Depression, Fibromyalgia, and Cystic Fibrosis, represents a significant business opportunity. This market segment caters to clinical nutrition and personalized treatment, focusing on vendors producing disease-specific formulas. The market's growth is driven by the health benefits associated with these formulas, including nutrient-dense, minimally processed ingredients, such as vegetables, which provide essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. Technavio projects the market's expansion based on the combined revenue generated by these specialized vendors, excluding equipment manufacturers, food processing companies, and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
