Global Oral Clinical Nutrition Supplement Market Worth USD 25.90 Billion by 2033 | CAGR of 5.08%
Category: HealthcareGlobal Oral Clinical Nutrition Supplement Market Worth USD 25.90 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Oral Clinical Nutrition Supplement Market Size is expected to grow from USD 15.78 billion in 2023 to USD 25.90 billion by 2033, at a CAGR of 5.08% during the forecast period 2023-2033.
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Browse key industry insights spread across 280 pages with 100 Market data tables and figures & charts from the report on the "Global Oral Clinical Nutrition Supplement Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Powder Supplements, Bar Supplements, and Liquid Supplements), By Ingredient Type (Fats, Proteins, Minerals, Carbohydrates, and Vitamins), By Application (Digestive Health, Malnutrition, Cancer Care, and Diabetes Management), By End-User (Homecare, Clinics, Nursing Facilities, and Hospitals), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033" Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/oral-clinical-nutrition-supplement-market
The oral clinical nutrition market focuses on products designed to meet specific nutritional needs for individuals with medical conditions or dietary deficiencies. These products, including vitamins, proteins, and carbohydrates, are essential for managing malnutrition, chronic diseases, and conditions like dysphagia, diabetes, and cancer. Oral nutrition supplements, known as Food for Special Medical Purposes (FSMP), are vital for maintaining or increasing weight, recovering from disease or trauma, and obtaining macro- and micronutrients for general health. The market is expanding due to factors such as the increasing number of young people, the need for healthier food, and the growing presence of international companies in the food processing sector. The rising prevalence of conditions like diabetes, heart disease, and cancer, which often result in issues with nutrition absorption, is driving the worldwide oral clinical nutrition market. Healthcare professionals emphasize the importance of a healthy diet in the prevention and treatment of illness. This trend opens up new product development and innovation options to accommodate a range of dietary needs, and rising knowledge of the advantages of clinical nutrition supplements could further improve market prospects. However, stringent regulations may limit market growth.
The powder supplements segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the product type, the global oral clinical nutrition supplement market is categorized as powder supplements, bar supplements, and liquid supplements. Among these, the powder supplements segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period. The segmental expansion is driven by compatibility, versatility, cost-effectiveness, longer shelf life, and greater physicochemical stability of powder supplements with food and beverages.
The proteins segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the ingredients type, the global oral clinical nutrition supplement market is categorized as intramuscular, oral, and intravenous. Among these, the proteins segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. The growth of the segment is attributed to its focus on enhancing muscle strength, health, weight loss, muscle recovery, bone density, metabolism, and immunity.
The cancer care segment accounted for a substantial share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the application, the global oral clinical nutrition supplement market is categorized as digestive health, malnutrition, cancer care, and diabetes management. Among these, the cancer care segment accounted for a substantial share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. The segmental expansion is driven by the rising cancer prevalence, geriatric population, and nutritional supplement innovations to provide more nutrients and boost immunity in cancer patients.
The hospitals segment accounted for a substantial share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the end-user, the global oral clinical nutrition supplement market is categorized as homecare, clinics, nursing facilities, and hospitals. Among these, the hospitals segment accounted for a substantial share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. This is attributed to the increasing use of oral nutritional supplements in hospitals for energy and tissue rebuilding, increasing in-patient services.
North America is expected to hold the greatest share of the global oral clinical nutrition supplement market over the forecast period.
North America is expected to hold the greatest share of the global oral clinical nutrition supplement market over the forecast period. The North American oral clinical nutrition supplement market is influenced by factors such as the aging population, chronic diseases, advanced healthcare systems, nutrition's role in health, product development advancements, and easy distribution channels. The region's established healthcare system facilitates access to clinical nutrition products, leading businesses to enhance their taste, texture, and nutrient absorption.
Asia Pacific is predicted to grow at the fastest throughout the estimated period. The Asia-Pacific market for oral clinical nutrition supplements is growing due to government initiatives, product innovation, traditional medicine influence, economic growth, health awareness, and the aging population. South Korea and Japan's large senior populations demand supplements for age-related health issues. The importance of nutrition and preventative healthcare is increasing consumer awareness, leading to a rise in supplement use. Traditional medical traditions like Ayurveda and Traditional Chinese Medicine contribute to the need for natural supplement ingredients.
Major key players in the global oral clinical nutrition supplement market are NUTRICON MEDICA SL, GlaxoSmithKline plc, Pfizer Inc., Danone Nutricia, Mead Johnson and Company, LLC, Cambrooke Therapeutics, Inc., Pfizer Inc., Medifood GmbH, Nestlé S.A., AYMES International Ltd., Abbott Laboratories, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In October 2023, Nutricia, part of Danone, launched its first medical nutrition drink, Fortini + Mix Multi Fibre, formulated to manage disease-related malnutrition and faltering growth in pediatric patients. The drink is ready to drink and provides 1/3 of the recommended daily intake of fruits and vegetables. Co-created with parents and younger patients, Fortini + Mix Multi Fibre is an innovative product within the Fortini pediatric feed range. The launch builds on Nutricia's expertise in medical nutrition solutions, supporting children with various medical conditions to grow and develop optimally.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global oral clinical nutrition supplement market based on the below-mentioned segments:
Global Oral Clinical Nutrition Supplement Market, By Product Type
- Powder Supplements
- Bar Supplements
- Liquid Supplements
Global Oral Clinical Nutrition Supplement Market, By Ingredient Type
- Fats
- Proteins
- Minerals
- Carbohydrates
- Vitamins
Global Oral Clinical Nutrition Supplement Market, By Application
- Digestive Health
- Malnutrition
- Cancer Care
- Diabetes Management
Global Oral Clinical Nutrition Supplement Market, By End-User
- Homecare
- Clinics
- Nursing Facilities
- Hospitals
Global Oral Clinical Nutrition Supplement Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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