The global oral clinical nutrition supplement market supplements is anticipated to grow from US$ 10,788.70 million in 2023 to US$ 19,613.1 million by 2033.Over the course of the projection period, the market is anticipated to increase positively, with a compound annual growth rate of 6.2%.
It is projected that the oral clinical nutrition supplement market would expand quickly, reaching over US$ 19.6 billion in 2033 from $10.8 billion in 2023. These supplements are becoming more and more crucial, particularly in the treatment of malnourishment, the aiding of long-term sick patients, and maintaining a robust immune system. Since drawing customers is still important, new preferences are developing.
The global market for oral clinical nutrition supplements is anticipated to grow from US$ 10,788.70 million in 2023 to US$ 19,613.1 million by 2033.Over the course of the projection period, the market is anticipated to increase positively, with a compound annual growth rate of 6.2%.
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The demand for oral therapeutic nutrition supplements has increased as a result of the emphasis on keeping a strong immune system. It is anticipated that there would be a growing need for oral therapeutic nutrition supplements in the coming years. It has the potential to have a significant impact on the market development for oral clinical nutrition supplements due to its use in the treatment of malnutrition. Clinical nutrition supplements that are taken orally may be beneficial for patients with chronic illnesses or those who are undernourished.
Oral clinical nutrition supplements may be useful for patients who have difficulty eating regular meals due to a loss of taste brought on by an ongoing infection. Innovative flavours are being developed by many producers of oral medicinal nutrition supplements in an effort to attract customers. This might still be essential for the market to expand.
A few of the key factors projected to drive the growth of the oral clinical nutrition supplements market include the rising demand for healthy meals, the rise in the number of young people, and the growing preference for a variety of oral clinical nutrition supplements among the general public.
“Chronic infections are on the rise, healthcare expenditures are increasing, and there are projected to be more global competitors in the food processing industry. Also, a significant demand for oral clinical nutrition supplements is anticipated as healthcare expenditures increase.”– says a lead analyst at Future Market Insights.
Key Takeaways from Market Study
- The oral clinical nutrition supplement market is expected to record a CAGR of 6.2% over the forecast period.
- It is estimated that the oral clinical nutrition supplement market in North America may remain strong during the forecast period.
- The launch of oral clinical nutrition formulas in liquid form may continue aiding growth in the form segment with a CAGR of 7.2%
- Flavored oral clinical nutrition supplements are likely to hold a market share of 70%.
- It is expected that the market in the United States may demonstrate a high level of growth by 2033.
- Prescription-based channels are likely to be responsible for more than 90% of sales of oral clinical nutrition supplements.
Competitive Background:
Leading players in the market focus on a variety of market consolidation activities, including mergers, acquisitions, supply distribution partnerships, and product launches. In order to be successful, manufacturers must expand their market footprint and offer solutions to their customers. A variety of end users can now choose from a wide range of customized solutions offered by leading manufacturers.
Several prominent companies dominate this market, including NUTRICIÓN MÉDICA SL, Meiji Holdings Co., Ltd., Medtrition Inc., Baxter International Inc., B. Braun Melsungen AG., Fresenius Kabi AG, Mead Johnson & Company, LLC, Otsuka Holdings Co., Ltd., Abbott Laboratories, Danone Nutricia, Victus, Inc., Cambrooke Therapeutics, Inc., GlaxoSmithKline plc, Nestlé S.A., Kate Farms, Inc., Perrigo Company plc, Sichuan Kelun Pharmaceutical Co., Ltd., AYMES International Ltd., Pfizer Inc., Medifood GmbH, Nature’s Bounty Inc., Pharmavite LLC., and others.
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Recent Developments:
- Ensure Harvest and PediaSure Harvest were relaunched in September 2021 with plant-based protein and organic ingredients. As a source of nutrition or as a means of meeting a person’s daily nutritional needs, hence nutritional supplements can be used in many ways.
- Persona, a firm that offers personalized vitamins, has been acquired by Nestlé Health Science in August 2019. The company has the opportunity to expand its personalized nutrition services.
- With only six calories and no caffeine, Matok V’Kal launched a stamina boost-up spray in February 2019.
- With the introduction of PRO-DIP’s new oral clinical nutritional supplement in April 2019, PRO-DIP introduced a revolutionary pouch that provides small, semi-permeable sachets of energy and nutrition.
- In April 2018, Abbott introduced Ensure Max, which is a nutritional drink with high-quality proteins and very low sugar content.
Oral Clinical Nutrition Supplement Market Segmentation by Category
Product Type:
- Standard Formula
- Specialized Formula
Indication:
- General Well-being
- Renal Disorders
- Hepatic Disorders
- Oncology Nutrition
- Diabetes
- Dysphagia
- IBD & GI Tract Disorders
- Neurological Disorders
- Respiratory Orders
- Others
Form:
- Liquid
- Semi-solid
- Powder
End User:
- Adult
- Geriatric
- Pediatric
Flavor:
- Regular
- Flavored
- Chocolate
- Vanilla
- Strawberry
- Apple
- Mixed Berries
- Orange
- Nut Flavours
Channel:
- Prescription-based
- Over-the-Counter
- Modern Trade
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies
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