Oral Clinical Nutrition Supplements: Market Outlook
In the global nutrition supplements market, oral clinical nutrition supplements are gaining huge demand, owing to the increasing health concerns of the population. In the global healthcare market, the demand for nutritional supplements is also increasing from the geriatric and aging population. Aging brings along various health problems, due to which, a person is not able to properly digest many food items. In addition, for a diseased condition, doctors also prescribe oral clinical nutrition supplements to fulfill the nutritional requirements of the patient. The demand for oral clinical nutrition supplements is also increasing due to children, owing to factors such as cognitive wellbeing, malnutrition, and demand for healthy food supplements for their proper growth and development. In the global oral clinical nutrition supplements market, APAC and Europe hold major shares regarding the consumption of oral clinical nutrition supplements. With the increasing demand for oral clinical nutrition supplements among the population, it can be anticipated that there would be higher returns for investors for oral clinical nutrition supplements in the coming future.
The Problem of Malnutrition Boosting the Sales of Oral Clinical Nutrition Supplements
Malnutrition is a common problem faced by humans all around the world. Despite the availability of screening tools, severe malnutrition cases still go un-detected and untreated in care homes, hospitals, and individuals living in their homes all across Asia Pacific and many other parts of the world. Across the globe, less than 45% of patients identified as malnourished get proper medical intervention. Malnutrition not only leads to physical but also psycho-social consequences, such as inactivity, apathy, impaired wound healing, impaired immune response, reduced muscle strength and fatigue, self-neglect, and depression, as such, leading to poor quality of life. Therefore, good nutritional care planning has now become a vital aspect to fight malnutrition, and such nutritional support can be provided by an oral clinical nutrition supplements. Oral clinical nutrition supplements have proven functional, nutritional, clinical, and economic benefits, in both, community settings and hospitals, for a wide variety of patient groups. Treatment with high protein oral clinical nutrition supplements has shown to reduce overall re-admissions by 30%, due to which, oral clinical nutrition supplements have witnessed an upsurge in demand, globally. Moreover, increasing evidence of oral clinical nutrition supplements being effective appetizing and nutritious foods to fight malnutrition is expected to result in the increased demand for oral clinical nutrition supplements over the forecast period.
Availability of a Wide Variety of Flavors Boosting the Demand for Oral Clinical Nutrition Supplements
Oral clinical nutrition supplements are generally prescribed to patients suffering from any chronic disease, or malnourished patients, to improve their nutritional condition. It has been observed that, during any medical condition, patients tend to lose interest in consuming normal food items as they experience some loss of taste. Hence, to tackle such a condition, manufacturers of oral clinical nutrition supplements launch products in different flavors and forms. The impact of flavors has been noteworthy among the young population, as they are known for their curiosity to try something new. The youth population is also a major factor that is increasing the sales of flavored drinks, which, in turn, is helping the sales of flavored oral clinical nutrition supplements. The growing preference of consumers for flavored oral clinical nutrition supplements has prompted manufacturers to invest a lot in research and development. Manufacturers will also be focusing on gaining brownie points by positioning their brands as being steeped in robust R&D. The availability of a wide variety of flavors is not only beneficial for manufacturers but also for consumers opting for oral clinical nutrition supplements. Flavored oral clinical nutrition supplements are a refreshing alternative to conventional unflavored oral clinical nutrition supplements, due to which, their adoption becomes easier. As such, the influence of flavor cannot be overlooked as far as the growth of the oral clinical nutrition supplements market is concerned.
Increasing Awareness about Oral Clinical Nutrition Supplements Among the Young Population
Growing concerns regarding cognitive well-being is a major driving factor for the global oral clinical nutritional supplements market. The young population is facing immune health issues such as allergies, asthma, autoimmune diseases, and others, which is boosting the sales of oral clinical nutrition supplements across the globe. Consumers are becoming more health conscious, and prefer consuming gluten-free, sugar-free, and fat-free products through their daily diets. The growing concerns of consumers towards maintaining a healthy lifestyle have led to the higher consumption of dietary ingredients that provide various nutritional and health benefits, resulting in an increase in the sales of oral clinical nutrition supplements from modern trade and other sales channels. Moreover, various international and local players are targeting supermarkets as well as hypermarkets to sell their oral clinical nutrition supplements. These channels provide enhanced visibility to oral clinical nutrition supplement products, and also offer different promotional and seasonal discounts to help attract buyers and increase sales. Pharmacy/drugstores play a significant role in the distribution of oral clinical nutrition supplements. Drugstores are considered to be one of the prime influencers of consumer buying behavior and decisions related to oral clinical nutrition supplements. In countries such as India and Bangladesh, most parents prefer to take suggestions and advice related to the selection and purchase of ideal oral clinical nutrition supplement products from physicians and pediatricians in order to safeguard their children from diseases and improve their immunity.
Oral Clinical Nutrition Supplements Market: Introduction
The proposed market report of TMR on the global oral clinical nutrition supplements market evaluates opportunities in the current market, and provides updates and insights corresponding to different segments involved in the global oral clinical nutrition supplements market over the forecast period 2018–2026. The global oral clinical nutrition supplements market report further exhibits the estimated data for 2018, and forecast data up to 2026 in terms of value (US$ Mn) and volume (MT). In terms of value, the oral clinical nutrition supplements market is anticipated to increase at a CAGR of 6.1% during the forecast period. The present study exhibits the trends and market dynamics of the oral clinical nutrition supplements market in five major regions - North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The report also includes the study of the current issues with consumers and various future opportunities for the oral clinical nutrition supplements market.
Oral Clinical Nutrition Supplements Market: Report Description
The report explores the global oral clinical nutrition supplements market for the period 2018–2026. The primary objective of the report is to provide insights into the key developments in the market that are consistently supporting the transformation of global businesses that are associated with oral clinical nutrition supplements. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the Compound Annual Growth Rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global oral clinical nutrition supplements market, and to discover equitable opportunities.
Yet another key feature of this report is that, the estimation of the global oral clinical nutrition supplements market and the corresponding revenue forecast is carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global oral clinical nutrition supplements market.
The report starts with an elaborate executive summary, and the market definition of various segmentations that are included and their respective shares in the global oral clinical nutrition supplements market. The report further incorporates the major macroeconomic factors that have an effect on the growth of the oral clinical nutrition supplements market. The report also highlights various market dynamics, which includes the drivers, restraints, opportunities, and trends in the global oral clinical nutrition supplements market. The report further underlines the study of the present issues with industrial processing and opportunities for the oral clinical nutrition supplements market. It also encompasses value chain analysis that provides a structural view of overall profitability from the manufacturers to the end users in the oral clinical nutrition supplements market. In order to provide users with a clear view of the global oral clinical nutrition supplements market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of oral clinical nutrition supplement manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global oral clinical nutrition supplements market attractiveness analysis by product type, indication, form, flavor, end user, channel, and region.
To evaluate the overall market size of oral clinical nutrition supplements, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes quantitative evaluation such as market share by product type, form, nature, drying technique, end user, region, and other qualitative data from primary respondents, which have been consolidated to arrive at clear and accurate market estimations. The forecast presented in the oral clinical nutrition supplements market report arrives at the total revenue being generated, and the expected revenue contribution in the future by the global oral clinical nutrition supplements market.
Detailed profiles of companies that manufacture oral clinical nutrition supplements are included in the report to analyze their developmental strategies, key product offerings, and recent developments, as they have a significant role in the global oral clinical nutrition supplements market. Major market players covered in the oral clinical nutrition supplements market report are Danone Nutricia, NUTRICIÓN MÉDICA SL, Meiji Holdings Co., Ltd., Medifood International, Medtrition Inc., GlaxoSmithKline plc, Perrigo Nutritionals, Victus Inc., B Braun, Fresenius Kabi Ltd, Nestle Health Science, Nature's Bounty , Pharmavite, Pfizer Inc., Bayer AG, Church & Dwight. A California Corporation, Raisin Champion International, Geobres Nemean Currants and Sultana Raisins S.A., Fresno Cooperative Raisin Growers Inc., Chengde Shenli Food Co., Ltd., Ningxia Yuxiang Bio Food Engineering Co., Ltd., and others.
Oral Clinical Nutrition Supplements Market: Segmentation
The subsequent sections analyze the global oral clinical nutrition supplements market on the basis of product type, indication, form, flavor, end user, channel, and region, and present a forecast for the period 2018–2026. The market is segmented as follows:
Oral Clinical Nutrition Supplements Market by Product Type
- Standard Formula
- Specialized Formula
Oral Clinical Nutrition Supplements Market by Indication
- General Well-being
- Condition Specific
- Renal Disorders
- Hepatic Disorders
- Oncology Nutrition
- IBD & GI Tract Disorders
- Neurological Disorders
- Respiratory Orders
- Others (Cachexia, PKU, Wound Healing & Ulcers, Pancreatic Issues, Obesity, Post & Pre Surgeries, Aids, and Inflammations, Trauma, Head Injury, Eye Health, Bone Health)
Oral Clinical Nutrition Supplements Market by Form
Oral Clinical Nutrition Supplements Market by End User
Oral Clinical Nutrition Supplements Market by Flavor
- Mixed Berries
- Nut Flavors
Oral Clinical Nutrition Supplements Market by Channel
- Modern Trade
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies
Oral Clinical Nutrition Supplements Market by Region
- North America
- The U.S.
- Latin America
- Rest of LATAM
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA