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NEW YORK, Nov. 23, 2021 /PRNewswire/ -- The medical foods market is expected to grow by USD 5.88 bn at a CAGR of 5.42% from 2021 to 2026, according to the latest research report from Technavio. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Technavio analyzes the market by product (powder, pill, and others) and geography (North America, Europe, Asia, and ROW).
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Attractive Opportunities in Medical Foods Market by Product and Geography - Forecast and Analysis 2022-2026
The medical foods market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The growing prevalence of chronic conditions is expected to have a positive impact on the growth of the medical foods market during the forecast period.
The medical foods market covers the following areas:
Medical Foods Market Sizing Medical Foods Market Forecast Medical Foods Market Analysis
Geographic Landscape
Technavio's market forecast report offers a thorough analysis of the geographical composition of the market, as well as competitive intelligence and regional opportunities for vendors. According to our analysis, Asia is expected to dominate the market, with a share of 35% of the market's growth during the forecast period. China is the key country for the medical foods market in the region. Asia has been recording a high growth rate and is expected to offer various growth opportunities to market vendors during the forecast period. The increasing geriatric population adopting medical foods will drive the medical foods market growth in Asia.
Some Companies Mentioned
- Abbott Laboratories
- Danone SA
- Fresenius Kabi AG
- Medtrition Inc.
- Metagenics Inc.
- Nestle SA
- Primus Pharmaceuticals Inc.
- Proliant Inc.
- Reckitt Benckiser Group Plc
- Targeted Medical Pharma Inc.
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| Medical Foods Market Scope |
| Report Coverage | Details |
| Page number | 120 |
| Base year | 2021 |
| Forecast period | 2022-2026 |
| Growth momentum & CAGR | Accelerate at a CAGR of 5.42% |
| Market growth 2022-2026 | USD 5.88 billion |
| Market structure | Fragmented |
| YoY growth (%) | 4.74 |
| Regional analysis | North America, Europe, Asia, and ROW |
| Performing market contribution | Asia at 35% |
| Key consumer countries | US, China, Germany, France, and UK |
| Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
| Companies profiled | Abbott Laboratories, Danone SA, Fresenius Kabi AG, Medtrition Inc., Metagenics Inc., Nestle SA, Primus Pharmaceuticals Inc., Proliant Inc., Reckitt Benckiser Group Plc, and Targeted Medical Pharma Inc. |
| Market Dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected] Website:
SOURCE Technavio
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