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The global medical foods market was valued at US$ 20.69 Billion in 2021.
We expect the global medical foods market to exhibit a CAGR of 5.80% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the rising demand for medical foods for boosting the immune and digestive systems as well as the cognitive behavior of the coronavirus-infected patients.
The increasing prevalence of viral infections and chronic disorders, along with the easy availability of organic and naturally sourced food products with essential nutrients, is primarily driving the global medical foods market.
Based on the product, the global medical foods market has been divided into pills, powder, and others. Among these, powder currently exhibits a clear dominance in the market.
Based on the route of administration, the global medical foods market can be categorized into oral and enteral. Currently, oral route of administration accounts for the majority of the total market share.
Based on the application, the global medical foods market has been segregated into ADHD, depression, diabetes, cancer, Alzheimer’s disease, metabolic disorders, and others. Among these, diabetes currently holds the largest market share.
Based on the distribution channel, the global medical foods market can be bifurcated into supermarkets, hospital and retail pharmacies, online pharmacies, and others. Currently, hospital and retail pharmacies exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global medical foods market include Abbott Healthcare Private Limited, Alfasigma S.p.A., Danone S.A., Fresenius Kabi AG, Mead Johnson & Company, Medtrition Inc., Meiji Holdings Co., Ltd., Metagenics, Inc., Nestlé S.A., Primus Pharmaceuticals, Inc., Targeted Medical Pharma Inc., and Victus, Inc.
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