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 Scope:
The Global Medical Foods Market Industry report gives readers a more in-depth understanding of the market and competitive landscape, allowing them to make more informed decisions on market growth and expansion. The analysis offers a participant overview, revenue data, capital investment, and growth rates for the global Global Medical Foods markets.
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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.
Global Medical Foods Market Overview:
This research classifies the Global Medical Foods market in order to forecast revenues and analyze trends in each of the submarkets listed below.
The Competition Strategic Window analyses the competitive landscape in terms of markets, applications, and regions in order to assist the vendor in defining an alignment or fit between their strengths and future growth opportunities.
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Key Players: The key players are
• Danone
• Nestle Nutrition
• Abbott Nutrition
• Targeted Medical Pharma, Inc.
• Primus Pharmaceuticals, Inc.
• Mead Johnson & Company, LLC.
• 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 Global Medical Foods Market Prediction research is the result of an extensive examination of several geographical areas, including Asia-Pacific, Europe, North America, and the rest of the world. North America has the most clout in the Global Medical Foods market and will continue to be a key shareholder in the Global Medical Foods market.
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COVID-19 Impact Analysis on Global Medical Foods Market:
The COVID-19 pandemic resulted in a major and prolonged decline in production utilization, and travel bans and facility closures kept staff away from their facilities, causing the Global Medical Foods market to slow in 2020. The new study contains insights, analysis, estimates, and forecasts on the impact of COVID 19 on the Global Medical Foods market. The report Maximize Global Medical Foods Market Research includes an in-depth analysis of consumer behavior in the aftermath of the pandemic, as well as its impact on the future of the Global Medical Foods market, as well as the impact on segmentation, drivers, and an increase in market restraints.
Key Questions Answered in the Global Medical Foods Market Report are:
- What will be the CAGR of the Global Medical Foods market during the forecast period?
- Which segment emerged as the leading segment in the Global Medical Foods market?
- Which are the prominent players in the Global Medical Foods market?
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