Global Specialized Formula Medical Nutrition Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Specialized Formula Medical Nutrition Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Specialized Formula Medical Nutrition is therapeutic compositions specifically formulated for the dietary management of patients.

Specialized formula medical nutrition provides special formula medical nutrition to malnourished patients to improve their quality of life and outcomes. It is tailored to the specific nutritional needs of specific patients in terms of preferences, schedules and abilities.

Market Overview:

The latest research study on the global Specialized Formula Medical Nutrition market finds that the global Specialized Formula Medical Nutrition market reached a value of USD 17895.04 million in 2022. It’s expected that the market will achieve USD 1739.84 million by 2028, exhibiting a CAGR of -32.19% during the forecast period.

Impact of COVID-19

Short-term Impact
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages. For the Specialized Formula Medical Nutrition industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas.

Long-term Impact

In 2021, people's lives and values have undergone tremendous changes due to the catastrophic reality of the global COVID-19 pandemic. The epidemic situation has made people pay more attention to their health, and their awareness of health has been continuously strengthened.
In the long term, the change of consumers' consciousness will increase consumers' demand for specialized formula medical nutrition products in the future, thus promoting the development of specialized formula medical nutrition industry.

The COVID-19 outbreak may also cause more factories to use more automated production lines to avoid the spread and infection of Covid-19 in the manufacturing process. In addition, the application of Internet of Things technology may also bring more opportunities for industry participants.

Strength

The aging of the population will become an important driving force to promote the growth of the demand in the Specialized Formula Medical Nutrition market.
Growing demand in different regions.

Weakness

Fluctuations in raw material prices.
Relevant system standards are not perfect enough.

Opportunities

The increase of female labor force is driving the demand for Infant Medical Nutrition Products.
The trend of global malnutrition will promote the growth of demand for specialized formula medical nutrition.

Threat

The industry is fiercely competitive and without industry advantages, it is easy to be eliminated.
Strict control of government policies, various tax policies.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Abbott Laboratories is one of the major players operating in the Specialized Formula Medical Nutrition market, holding a share of 15.73% in 2021.

Abbott Laboratories discovers, develops, manufactures, and sells health care products worldwide. Abbott has a broad range of branded generic pharmaceuticals, medical devices, diagnostics, and nutrition products. The company's in-vitro diagnostics business performs immunoassays and blood screening. Its medical tests and diagnostic instrument systems are used worldwide by hospitals, laboratories, blood banks, and physician offices to diagnose and monitor diseases such as HIV, hepatitis, cancer, heart failure and metabolic disorders, as well as assess other indicators of health.

Danone is a leading multi-local food and beverage company building on health-focused and fast-growing categories in 3 businesses: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition.

With more than 100,000 employees, and products sold in over 120 markets. Danone’s portfolio includes leading international brands (Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, among others) as well as strong local and regional brands (including AQUA, Blédina, Bonafont, Cow & Gate, Horizon Organic, Mizone, Oikos, Prostokvashino, Silk, Vega).

Segmentation Overview:

Among different product types, Enteral Medical Nutrition Products segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Geriatric segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Specialized Formula Medical Nutrition market covered in Chapter 3:

Abbott Laboratories
B. Braun Melsungen
Kate Farms
Nestle
Kelun Group
Medtrition, Inc.
Danone
Fresenius Kabi
Victus
Haisco Pharmaceutical
Ajinomoto Cambrooke
Perrigo Company
Mead Johnson & Company
Meiji Holdings
Baxter International
NUTRICION MEDICA

In Chapter 4 and Chapter 14.2, on the basis of types, the Specialized Formula Medical Nutrition market from 2018 to 2029 is primarily split into:

Infant Medical Nutrition Products
Enteral Medical Nutrition Products
Parenteral Medical Nutrition Products

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Specialized Formula Medical Nutrition market from 2018 to 2029 covers:

Adult
Geriatric
Pediatric

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)