PUBLISHER: The Business Research Company | PRODUCT CODE: 1426188
PUBLISHER: The Business Research Company | PRODUCT CODE: 1426188
Clinical nutrition is a specialized field that delves into preventing, diagnosing, and treating nutritional and metabolic irregularities associated with acute and chronic ailments, along with disorders arising from imbalances in nutrients and energy. Its primary focus is assessing an individual's nutrient intake and providing the appropriate nourishment essential for overall health.
Within the realm of clinical nutrition, key product categories include infant nutrition, parental nutrition, and enteral nutrition. Infant nutrition caters specifically to the distinctive requirements of infants and toddlers, aiming to kickstart their lives with essential nutrients. These nutritional solutions encompass various administration methods like oral, enteral, and parenteral routes, serving individuals facing conditions such as cancer, neurological diseases, gastrointestinal disorders, metabolic irregularities, and other health concerns. The application of these nutrition products spans across pediatric care, adult nutrition, and geriatric health management.
The clinical nutrition market research report is one of a series of new reports from The Business Research Company that provides clinical nutrition market statistics, including global market size, regional shares, competitors with a clinical nutrition market share, detailed clinical nutrition market segments, clinical nutrition market trends and opportunities, and any further data you may need to thrive in the clinical nutrition industry. This clinical nutrition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The clinical nutrition market size has grown strongly in recent years. It will grow from $56.07 billion in 2023 to $60.08 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth observed in the historical period can be linked to several key factors. These include the aging population, a rising incidence of chronic diseases, heightened awareness regarding the significance of nutrition in overall health, and governmental backing for various nutrition programs. These factors collectively contributed to the expansion and development of the clinical nutrition field during that time.
The clinical nutrition market size is expected to see strongly grown in the next few years. It will grow to $84.68 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. Anticipated growth in the forecast period is poised to stem from several key drivers. These include the rise of personalized nutrition approaches, increased adoption of nutrigenomics, a focus on population health management, and the ongoing expansion of healthcare services on a global scale.
The increasing elderly population is poised to drive growth in the clinical nutrition market, shaped by specific health conditions, organ impairments, activity levels, and dietary preferences. By 2030, the World Health Organization predicts that one in six individuals globally will be 60 years or older, with an estimated 2.1 billion reaching this age by 2050. The number of individuals aged 80 or older is projected to rise by 426 million between 2020 and 2050. Clinical nutrition challenges in this demographic stem from both multiple drug use and specialized diets for chronic illnesses, underscoring the market's growth potential tied to the expanding geriatric populace.
Leading players in the clinical nutrition sector are opting for strategic partnerships to broaden their market influence and provide comprehensive solutions. These partnerships leverage mutual strengths and resources for mutual benefits. For instance, Hologram Sciences Inc. collaborated with Maeil Dairies Co. Ltd., aiming to emphasize personalized nutrition's importance in the global health and wellness market. This strategic partnership seeks to deliver tailored nutrition solutions to the Korean market, highlighting the rising significance of personalized nutrition in the industry.
Companies in the clinical nutrition sphere are innovating with technological solutions like TechVantage to cater to escalating demands for functional foods and beverages, setting themselves apart from competitors. TechVantage, a functionally optimized nutrient technology platform, offers specialized nutrient solutions targeting immune health, cognitive health, and sports performance. Glanbia Nutritionals Inc.'s launch of TechVantage in April 2022 provides an extensive nutrient portfolio with optimized functionality, improved bioavailability, and convenient processing capabilities, delivering added value to customers seeking specific functional attributes in their nutritional choices.
In September 2022, Nutrisens, a prominent agrifood group headquartered in France, completed the acquisition of Glutamine, a clinical nutritional supplement provider based in Portugal. The transaction amount remains undisclosed. This strategic acquisition by Nutrisens is designed to achieve several objectives, including the expansion of its geographical presence, the reinforcement of its product and service portfolio, and the augmentation of its market share within the clinical nutritional supplements sector.
Major companies operating in the clinical nutrition market include Abbott Laboratories, Nestle S.A., Baxter Healthcare Ltd., B. Braun Melsungen AG, Perrigo Company PLC, Fresenius Kabi AG, Danone S.A., Pfizer Inc., Mead Johnson Nutrition Company, Hero Nutritionals, Gentiva Health Services Inc., H.J. Heinz Company, Ajinomoto Co. Inc., Lonza Group Ltd., GlaxoSmithKline PLC, BASF SE, Kendal Nutricare, Nutricia, DuPont Nutrition & Health, American HomePatient, Reckitt Benckiser Group PLC, Nestle Health Science, Medifood International Ltd., Cambrooke Inc., Vivante Health, BiomX Ltd., OxeFit Inc., Metabolon Inc., COSMOSID Inc., Impossible Foods Inc., Virta Health, Meru Health Inc.
North America was the largest region in the clinical nutrition market in 2023. The regions covered in the clinical nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the clinical nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The clinical nutrition market includes revenues earned by entities by managing nutritional changes in patients linked to chronic diseases and by understanding the needs of individuals and groups for energy and nutrients. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Clinical Nutrition Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on clinical nutrition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for clinical nutrition? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The clinical nutrition market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.