By 2032, Medical Foods Market is Expected Growth $37.65 billion, CAGR 5.1%

Medical Foods Market Size Worth $37.65 Billion By 2032 | CAGR: 5.1%


The global medical foods market size is expected to reach USD 37.65 billion by 2032, according to a new study by Polaris Market Research. The report “Medical Foods Market Share, Size, Trends, Industry Analysis Report, By Product (Pills, Powder, Liquid, Others); By Route of Administration (Oral, Enteral); By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for medical foods is a fast-growing segment within the broader healthcare and nutrition industry. Medical foods are different from conventional foods and dietary supplements because they are specially formulated to address specific medical conditions and dietary requirements. Healthcare professionals commonly prescribe these products to manage or treat conditions such as metabolic disorders, nutritional deficiencies, and other medical conditions where a specialized diet can be beneficial.

The global market for medical foods is expanding due to the increasing prevalence of chronic diseases, a growing aging population, and heightened awareness of the importance of nutrition in managing health. This market encompasses a wide range of products, from enteral nutrition formulas for patients with digestive disorders to amino acid-based products for individuals with metabolic disorders, making it a diverse and dynamic industry.

The medical foods sector involves pharmaceutical companies, food and beverage manufacturers, and specialized medical food companies. The regulatory framework for medical foods varies from one country to another, with different definitions and requirements. This can be challenging but also presents opportunities for market growth. As the demand for personalized nutrition and targeted dietary interventions increases, the medical foods market is expected to see sustained growth. Innovative products and solutions will emerge to meet the diverse needs of patients and consumers looking to improve their health through nutrition. The market's trajectory is influenced by medical research advances, changes in healthcare policies, and shifting dietary preferences of consumers, making it a field of continuous interest and investment in the broader healthcare and nutrition industry.

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The medical foods industry is evolving in response to changing healthcare requirements and customer preferences. Personalized nutrition is gaining traction as customized medical foods are being developed to match individual genetic and metabolic profiles. Additionally, there is a growing emphasis on natural and clean-label ingredients, as consumers demand products with fewer additives and allergens. Digital health and telemedicine are also playing a crucial role in distributing and prescribing medical foods, making it simpler for patients to obtain them.

Medical Foods Market Report Highlights

  • The powder segment dominated the market in 2022, driven by its extensive availability, convenience, and customization to cater to various age groups and patient needs.
  • The liquid segment is poised for rapid growth, driven by increased adoption, particularly among pediatric and geriatric populations.
  • The oral segment dominated the market with the highest revenue share, as oral administration remains the prevalent and expanding choice for medical food products in various formats, including powders, pills, and pre-thickened products.
  • North America led the market due to the presence of major global players, along with strategic initiatives like acquisitions, mergers, and product launches by industry players.
  • The global key market players include Abbott, Danone, Fresenius Kabi, Friso, Mead Johnson & Company, LLC, Medtrition, Inc., Morinaga Milk Industry, Nestlé S.A., Primus Pharmaceuticals, Inc., Targeted Medical Pharma, Inc.

Polaris Market Research has segmented the Medical Foods market report based on product, route of administration, application, and region:

Medical Foods, Product Outlook (Revenue - USD Billion, 2019 - 2032)

  • Pills
  • Powder
  • Liquid
  • Others

Medical Foods, Route of Administration Outlook (Revenue - USD Billion, 2019 - 2032)

  • Oral
  • Enteral

Medical Foods, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Chronic Kidney Disease
  • Minimal Hepatic Encephalopathy
  • Diabetic Neuropathy
  • Depression
  • Nutritional Deficiency
  • Chemotherapy Induced Diarrhoea
  • Alzheimer's Disease
  • Pathogen Related Infections
  • ADHD
  • Wound Healing
  • Chronic Diarrhoea
  • Parkinson's Disease
  • Severe Protein Allergy
  • Pain Management
  • Other Cancer-Related Treatments
  • Orphan Diseases
  • Phenylketonuria
  • Eosinophilic esophagitis
  • Homocystinuria
  • Tyrosinemia
  • MSUD
  • FPIES
  • Constipation Relief
  • Epilepsy
  • Protein Booster
  • Dysphagia
  • Others

Medical Foods, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Medical Foods Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 25.22 billion

Revenue forecast in 2032

USD 37.65 billion

CAGR

5.1% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Product, By Route of Administration, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

For Specific Research Requirements

Request for Customized Report