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| Global U.S. Medical Foods Market Size |
The U.S. Medical Foods Market involves specially formulated and processed products used under medical supervThe U.S. Medical Foods Market is Estimated to Witness High Growth Owing to Opportunity for Addressing Growing Nutritional Gap
The U.S. Medical Foods Market involves specially formulated and processed
products used under medical supervision to manage diseases. Medical foods help
fulfill the nutritional requirements of patients in a manner the body can use
and absorb to support the structural and functional integrity of tissues and
organs during disease or health-related dietary management. They are developed
to be consumed or administered enterally under the supervision of a physician
and are intended for specific dietary management of a disease or condition.
Medical foods help address nutritional gaps and unique metabolic processes of
various medical conditions and diseases such as phenylketonuria (PKU),
Alzheimer's disease, digestive health disorders, diabetes, and cancer.
The global
U.S. Medical Foods Market is estimated to be valued at US$ 22328.51 Mn in 2023
and is expected to exhibit a CAGR of 19%
over the forecast period 2023 to 2030, as highlighted in a new report
published by Coherent Market Insights.
Market Opportunity:
The growing
prevalence of chronic diseases and nutritional deficiencies creates a huge
market opportunity for medical foods. As per estimates, around half of the
Americans face the risk of at least one chronic disease. Besides, nutritional
deficiencies have also become widespread due to shifting lifestyles and dietary
patterns. Medical foods help fulfill the unique nutritional needs of patients
suffering from specific illnesses or health conditions. They play a crucial
role in managing diseases by addressing metabolic abnormalities and nutritional
requirements. The opportunity to address the growing nutritional gap through
specially formulated food products presents significant growth prospects for
players in the U.S. medical foods market over the forecast period.
Porter's Analysis
Threat of new entrants: The U.S medical foods market requires high R&D
investment which acts as a barrier for new players.
Bargaining
power of buyers: Large buyers such as hospitals and pharmacies have strong
bargaining power due to the high demand for specialized medical foods.
Bargaining
power of suppliers: Few suppliers of medical foods ingredients leads to
supplier concentration and higher bargaining power.
Threat of
new substitutes: Limited substitutes available for medical foods due to
stringent regulations on similar products.
Competitive
rivalry: Intense competition exists among existing players to gain more market
share through new product launches and expansion strategies.
SWOT Analysis
Strengths: Growing aging population with chronic diseases drives market growth.
Weaknesses: High costs associated with medical foods limits wider consumption.
Opportunities: Increasing application of medical foods in therapeutic areas
presents lucrative opportunities. Threats: Stringent regulatory approvals and
standards pose challenges.
Key Takeaways
Global
U.S. Medical Foods Market Size is
expected to witness high growth over the forecast period of 2023 to 2030. The
growing prevalence of chronic diseases such as diabetes, cancer and
cardiovascular disorders has boosted the demand for specialized medical
nutrition in the country. The global U.S. Medical Foods Market is estimated to
be valued at US$ 22328.51 Mn in 2023 and is expected to exhibit a CAGR of 19% over the forecast period
2023 to 2030.
Regional analysis: The western states dominate the U.S medical foods market by
virtue of higher healthcare spending and better access to advanced treatment
options. States such as California, Florida and Texas contribute significantly
to the region’s large market share.
Key players: Key players operating in the U.S medical foods market are Beyond
Meat, Impossible Foods Inc., Maple Leaf Foods , Vegetarian Butcher, Conagra,
Inc. , Kellogg NA Co. , Quorn, Amy's Kitchen, Inc., Tofurky, Gold&Green
Foods Ltd., Sunfed, VBites Foods Limited, Kraft Foods, Inc., Lightlife Foods,
Inc., Trader Joe's, Yves Veggie Cuisine, Marlow Foods Ltd. , Ojah B.V., Moving
Mountains, Eat JUST Inc., LikeMeat GmbH, GoodDot, OmniFoods, No Evil Foods, Dr.
Praeger's Sensible Foods.
Get More Insights On This Topic: https://www.newsanalyticspro.com/u-s-medical-foods-market-trends/ision to manage diseases. Medical foods help
fulfill the nutritional requirements of patients in a manner the body can use
and absorb to support the structural and functional integrity of tissues and
organs during disease or health-related dietary management. They are developed
to be consumed or administered enterally under the supervision of a physician
and are intended for specific dietary management of a disease or condition.
Medical foods help address nutritional gaps and unique metabolic processes of
various medical conditions and diseases such as phenylketonuria (PKU),
Alzheimer's disease, digestive health disorders, diabetes, and cancer.
The global
U.S. Medical Foods Market is estimated to be valued at US$ 22328.51 Mn in 2023
and is expected to exhibit a CAGR of 19%
over the forecast period 2023 to 2030, as highlighted in a new report
published by Coherent Market Insights.
Market Opportunity:
The growing
prevalence of chronic diseases and nutritional deficiencies creates a huge
market opportunity for medical foods. As per estimates, around half of the
Americans face the risk of at least one chronic disease. Besides, nutritional
deficiencies have also become widespread due to shifting lifestyles and dietary
patterns. Medical foods help fulfill the unique nutritional needs of patients
suffering from specific illnesses or health conditions. They play a crucial
role in managing diseases by addressing metabolic abnormalities and nutritional
requirements. The opportunity to address the growing nutritional gap through
specially formulated food products presents significant growth prospects for
players in the U.S. medical foods market over the forecast period.
Porter's Analysis
Threat of new entrants: The U.S medical foods market requires high R&D
investment which acts as a barrier for new players.
Bargaining
power of buyers: Large buyers such as hospitals and pharmacies have strong
bargaining power due to the high demand for specialized medical foods.
Bargaining
power of suppliers: Few suppliers of medical foods ingredients leads to
supplier concentration and higher bargaining power.
Threat of
new substitutes: Limited substitutes available for medical foods due to
stringent regulations on similar products.
Competitive
rivalry: Intense competition exists among existing players to gain more market
share through new product launches and expansion strategies.
SWOT Analysis
Strengths: Growing aging population with chronic diseases drives market growth.
Weaknesses: High costs associated with medical foods limits wider consumption.
Opportunities: Increasing application of medical foods in therapeutic areas
presents lucrative opportunities. Threats: Stringent regulatory approvals and
standards pose challenges.
Key Takeaways
Global
U.S. Medical Foods Market Size is
expected to witness high growth over the forecast period of 2023 to 2030. The
growing prevalence of chronic diseases such as diabetes, cancer and
cardiovascular disorders has boosted the demand for specialized medical
nutrition in the country. The global U.S. Medical Foods Market is estimated to
be valued at US$ 22328.51 Mn in 2023 and is expected to exhibit a CAGR of 19% over the forecast period
2023 to 2030.
Regional analysis: The western states dominate the U.S medical foods market by
virtue of higher healthcare spending and better access to advanced treatment
options. States such as California, Florida and Texas contribute significantly
to the region’s large market share.
Key players: Key players operating in the U.S medical foods market are Beyond
Meat, Impossible Foods Inc., Maple Leaf Foods , Vegetarian Butcher, Conagra,
Inc. , Kellogg NA Co. , Quorn, Amy's Kitchen, Inc., Tofurky, Gold&Green
Foods Ltd., Sunfed, VBites Foods Limited, Kraft Foods, Inc., Lightlife Foods,
Inc., Trader Joe's, Yves Veggie Cuisine, Marlow Foods Ltd. , Ojah B.V., Moving
Mountains, Eat JUST Inc., LikeMeat GmbH, GoodDot, OmniFoods, No Evil Foods, Dr.
Praeger's Sensible Foods.
Get More Insights On This Topic: https://www.newsanalyticspro.com/u-s-medical-foods-market-trends/