Medical foods are foods that have been carefully designed and are meant for the dietary treatment of a condition with unique nutritional requirements that cannot be satisfied by a standard diet alone. They are defined in the United States by the Food and Drug Administration’s 1988 Orphan Drug Act Amendments and are subject to the Federal Food, Drug, and Cosmetic Act’s general food and safety labeling standards. In 2015, the European Food Safety Authority defined “foods for specific medicinal purposes” (FSMPs) in Europe.
Global Medical Foods Market size was valued at US$ 21.24 Bn in 2020 and the total revenue is expected to grow at 5.2% through 2021 to 2027, reaching nearly US$ 30.34 Bn.
Medical Foods Market Overview:
The market research study Medical Foods investigates and assesses the market’s position during the forecast period. It is comprehensive research that focuses on primary and secondary drivers, market share, leading segments, and regional analysis. The study also examines prominent persons, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategy.
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Market Scope:
We looked at the Medical Foods Market from every perspective possible, using both primary and secondary research methodologies. This increased our understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and customer habits, among other things. The data is then compiled and assessed using a range of market estimation and data validation methodologies. Furthermore, we have an in-house data forecasting system that forecasts market growth until 2027.
Following the completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to obtain information and verify and validate key numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
In 2020, oral administration had a market share of 70.9 %. This large proportion is due to the great commercial viability of orally delivered goods as well as a strong preference for orally administered medicinal meals due to their simplicity of use. Oral supplements come in a variety of forms, including powders, pills, puddings, and pre-thickened products. Modulen, a Nestle medical food, for example, is helpful in restoring nutritional needs in Crohn’s disease patients.
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Key Players:
Primary and secondary research is used to identify industry leaders, and primary and secondary research are used to estimate market revenue. As part of the main research, in-depth interviews with key thought leaders and industry professionals, such as seasoned front-line employees and marketing personnel, were done. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing personnel were conducted as part of the primary study. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing personnel. Secondary research included a review of the leading manufacturers’ annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing personnel. Secondary data is utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data. The players highlighted in this report are as follows:
• Medtrition, Inc.
• Fresenius Kabi AG
• Reckitt Benckiser Group plc
• Meiji Holdings and Co., Ltd.
• Cerecin Inc.,
• Metagenics, Inc.
• Alfasigma Group
• Dutch Medical Food
• Agilent Technologies
• Swiss Medical Food AG
Regional Analysis:
The research includes both qualitative and quantitative data and provides an in-depth look into the Medical Foods industrial sector by region. It provides an overview and prediction of the global Medical Foods market segment by segment. It also projects and estimates the market size for five key regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. The Medical Foods market in each area is further segmented into regions and sectors. The research studies and anticipates a wide range of nations, as well as current trends and opportunities in the sector.
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COVID-19 Impact Analysis on Medical Foods Market:
We investigated and analyzed the Global Medical Foods Business Expansion Strategy post-COVID-19, by organizational strategic analysis, landscape, category, utilization, and leading countries, which encapsulates and analyses the global Medical Foods industry’s potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The primary goal of the study is to provide industrial enterprises with a strategic analysis of COVID-19’s impact. Simultaneously, this research examined key nations’ marketplaces and emphasized their market potential in post-pandemic situations.
Key Questions Answered in the Medical Foods Market Report are:
- What are the most promising high-growth opportunities in the global Medical Foods sector, as defined by product category, End User, and Region?
- Which Medical Foods market segments will expand the fastest, and why?
- Which regions will have the fastest growth, and why?
- What are the primary elements influencing Medical Foods market dynamics? What are the primary drivers and obstacles in the Medical Foods market?
- What are the Medical Foods market’s weaknesses and threats?
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Maximize Market Research provides B2B and B2C market research on 20,000 high-growth emerging technologies opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics Communications, the Internet of Things, Food and Beverages, Aerospace and Defense, and other manufacturing sectors.
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