Clinical Nutrition Market forecast to see 7% growth from 2017 to 2024

The research report “Clinical Nutrition Market Size By Product [Infant Nutrition (Milk, Soy, Organic), Parenteral Nutrition (Amino Acids, Fats, Carbohydrates), Enteral Nutrition (Standard Composition, Disease Specific Composition)], Regional Outlook (US, Canada, UK, Germany, France, Spain, Italy, Russia, Japan, China, India, Australia, Malaysia, Mexico Brazil, South Africa, UAE, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2017 – 2024” by Global Market Insights, Inc. says Clinical nutrition industry revenue, worth USD 40 billion in 2015, is anticipated to double in terms of value and will hit USD 80 billion by 2024.

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The differentiating factor of Clinical Nutrition Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focussed multiple trends for Clinical Nutrition industry are discussed along with regional trends to offer an overall view of the market. The ‘industry insights’ chapter of this research provides the most comprehensive analysis of Clinical Nutrition Market covering segmentation, size, forecasts, ecosystem analysis and more. Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of Clinical Nutrition Market support this sector specific data and information points.

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The world has been witnessing a continuous rise in the number of metabolic disorders and pre-mature deaths due to malnutrition. Clinical nutrition market expansion can be primarily credited to the aforementioned factors, as per research analysis. Rising health consciousness and an escalating preference for home healthcare has led to swift improvements in clinical nutrition design & composition, which will ultimately push clinical nutrition market size. The pharmaceutical and food & beverage sectors are the major end-use domains that will experience a widespread usage of this product. Both the aforementioned sectors are growing with renewed gusto, which will generate lucrative avenues for the market players to expand their business and product portfolio.

Considering the geographical trends, Asia Pacific industry, which contributed over 40% of clinical nutrition market share in 2015, is set to hit a targeted revenue of over USD 30 billion by 2024. Rising population, GDP growth, the high occurrence of chronic ailments, and an increase in the consumer purchasing power will impel the growth. India and China are slated to be major revenue pockets.

Latin America clinical nutrition industry is projected to surpass a revenue of USD 6 billion by 2024, registering a CAGR of more than 8% over 2017-2024. Mounting incidences of malnourishment coupled with improvement in healthcare services are predicted to contribute towards the industry revenue. Mexico and Brazil are slated to be key growth drivers of the region.

Browse key industry insights spread across 140 pages with 115 market data tables & 9 figures & charts from the report Clinical Nutrition Market in detail along with the table of contents:

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Germany and UK, both of which contributed to over 18% and 17% of Europe clinical nutrition industry revenue respectively in 2015, are also expected to make notable contributions toward the industry development in the future. Growing aging population along with high expenditure on healthcare activities will boost the growth.

U.S. clinical nutrition industry market, which was evaluated at USD 8 billion in 2015, is projected to record significant gains of over 6% during 2017 to 2024. Favorable compensation schemes and advanced healthcare infrastructure will drive the expansion.

Enteral nutrition, infant nutrition, and parenteral nutrition are some of the major products of clinical nutrition market. Infant clinical nutrition industry, which dominated the product landscape in 2015, is expected to register a CAGR of 9% over the coming timeline. A high birth rate in emerging economies along with the rise in the baby boomer population base affected by metabolic syndromes will propel the growth.

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Parenteral clinical nutrition market, worth USD 4.2 billion in 2015, is anticipated to hit USD 7 billion by 2024. The growth can be attributed to rise in the frequency of chronic disorders such as diabetes, cancer, and HIV. Enteral clinical nutrition industry is predicted to reach the targeted revenue of more than USD 20 billion by 2024, growing at a rate of 5% over the coming seven years. The rising trend towards the enteral route of administering food among the patients along with new innovations in enteral feeding instruments will cater to the segment growth.

Abbott Laboratories, B Braun Melsungen AG, Hospira, Danone, Fresenius Kabi, Nestle S.A., and The H. J. Heinz Company are the key participants of clinical nutrition market.

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Infant Nutrition Market forecast to witness phenomenal growth opportunities by 2024

The global Infant Nutrition Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.

Infant Nutrition Market size is anticipated to witness lucrative growth over the forecast timeframe. High birth rate in developing regions should drive the infant nutrition market growth. Majority of the global population resides in developing countries where birth rates are highest. For instance, birth rate in developing economies such as India and Malaysia was about 19.9 and 16.8 per 1000 people respectively while it was approximately 12.5 and 12 per 1000 people in developed economies of U.S. and UK in 2014.

Rapid urbanization coupled with growth of middle class in developing regions will boost market growth. Increasing number of working mothers along with rising disposable incomes will further accelerate the infant nutrition market growth.

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Presence of convenient packaging will increase infant nutrition market growth. Increasingly busy parental lifestyles have led to increased demand for conveniently packaged baby which are easy to transport such as pouches with plastic spouts at the top. Furthermore, the convenient packaging promotes self-feeding and independence among babies.

Increasing health consciousness amongst consumers has resulted in parents seeking natural, minimally processed baby foods which set their children up for a healthy lifestyle. Rising demand for organic baby foods will expand infant nutrition market.

However, concerns pertaining to risk of babies acquiring allergies from consumption of artificial infant formula and baby foods will impede market to some extent. Moreover, psychological block in the minds of parents regarding packaged baby foods will restrain growth.

Products for infant nutrition include infant formula and baby food. Infant formula segment encompasses infant milk formula, growing up milk formula, follow on milk formula and specialty baby formula. Infant milk formula held largest market share in 2015. Only breast milk can be viably substituted for infant milk formula. Absence of other alternatives to infant milk formula will serve to be as a high impact rendering factor. Presence of high birth rate in developing countries will further boost demand.  Growing up milk formula is anticipated to grow at a robust rate over the forecast period owing to increasing product awareness in developing economies coupled with increasing income levels of consumers.

Browse key industry insights from the report Infant Nutrition Market in detail along with the table of contents:

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Baby food includes prepared, dried and other baby foods. Continuous product innovations will boost segment growth over the forecast timeframe. However, presence of low birth rate and market saturation in developed countries will impede growth to some extent. Low penetration along with presence of high unmet needs, increasing birth rates and rising disposable incomes will increase market growth in developing regions.

On the basis of distribution channel the infant nutrition market is segmented into online stores, specialty stores, supermarkets, pharmacy stores and others. Pharmacy stores dominated the market share in 2015.

India is predicted to grow at robust rate over the forecast period. Presence of high birth rate will serve to be a high impact rendering factor. Growing population of working women leading to greater adoption of infant formula and baby food owing to the convenience provided by them will escalate market growth. Economic development resulting in higher disposable incomes will further boost market growth.

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Latin America infant nutrition market is anticipated to witness lucrative growth over the forecast period. Presence of high unmet needs coupled with high birth rates in countries such as Brazil, Mexico and Argentina will drive market growth in these countries. Increasing public awareness levels pertaining to infant formula and baby foods coupled with increasingly busy lifestyles and growth in number of working women will escalate demand.

Some of the industry players in infant nutrition market include Nestle, Mead Johnson & Company, Danone, Abbott, The Kraft Heinz company, Meiji Holdings, Beingmate Group, Synutra International Inc., Glanbia, Perrigo Company.

The market players resort to various strategic initiatives such as new product launches, mergers and acquisitions to strengthen their foothold in the market and expand their product offerings. For instance in July 2016, Danone entered into an agreement to acquire WhiteWave Foods for about USD 10 billion which will broaden the company’s product portfolio.

Browse Related Reports:

Clinical Nutrition Market Size By Product [Infant Nutrition (Milk, Soy, Organic), Parenteral Nutrition (Amino Acids, Fats, Carbohydrates), Enteral Nutrition (Standard Composition, Disease Specific Composition)], Regional Outlook (US, Canada, UK, Germany, France, Spain, Italy, Russia, Japan, China, India, Australia, Malaysia, Mexico Brazil, South Africa, UAE, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2017 – 2024

https://www.gminsights.com/industry-analysis/clinical-nutrition-market  

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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