Oral Clinical Nutritional Supplement Sales Forecast Market size is estimated to reach $7.17 Bn by 2025 and is poised to grow at a CAGR of 3.40% during the forecast period 2020-2025. Oral nutritional supplements are semi-solid materials or powders, sterile liquids that provide micro and macronutrients. Oral nutritional supplements are useful for patients with long-term infections or for half-starved patients to improve their nutritional status. Oral clinical nutritional supplementation is beneficial for patients who have lost interest in consuming any natural food as they suffer loss of taste. These supplements consist of fortified / functional foods and drinks, nutritional supplements, food intolerance products, and cosmetic skin supplies. The rising number of young population as well as growing demand for varied oral clinical nutrition supplements among most of the population are projected to fuel the growth of the Global Oral Clinical Nutritional Supplement Sales Forecast Market over the forecast years 2020-2025.
Oral Clinical Nutritional Supplement Sales Forecast Market Segment Analysis - By Product Type
The global Oral Clinical Nutritional Supplement Sales Forecast Market based on Mode of Product type, can be further segmented into Specialized Formula, Standard Formula. Standard Formula segment registered for the highest revenue in 2019 and is estimated to grow at highest CAGR over the forecast years 2020-2025. This is owing to the rising awareness of the standard formulas across the world.
Oral Clinical Nutritional Supplement Sales Forecast Market Segment Analysis - By End-User
The global Oral Clinical Nutritional Supplement Sales Forecast Market based on Mode of Application, can be further segmented into Adult, Geriatric, and Pediatric. The Pediatric segment registered for highest revenue in 2019 and projected to grow at the highest CAGR during the forecast period 2020-2025 owing to the increasing demand for the oral clinical nutritional supplements in the children. The increase in number of diseases including malnutrition, which is detected in the children is driving the segment.
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Oral Clinical Nutritional Supplement Sales Forecast Market Segment Analysis - By Geography
The global Oral Clinical Nutritional Supplement Sales Forecast Market based on Geography, can be further segmented into North America, Asia-Pacific, Europe, and Rest of World. Asia-Pacific registered for the highest revenue in 2019 and is set to grow at highest CAGR over the forecast period 2020-2025 owing to the rising awareness regarding healthy lifestyles and increasing levels of disposable income among consumers in the region. However, North America is estimated to outpace all the regions by clocking the highest CAGR during the forecast period 2020-2025 owing to the good levels of awareness among people, along with the better healthcare infrastructure with a robust reimbursement policy.
Oral Clinical Nutritional Supplement Sales Forecast Market Drivers
Rise in Demand
The global Oral Clinical Nutritional Supplement Sales Forecast market is driven by the rising number of young population as well as growing demand for varied oral clinical nutrition supplements among the population are the major key factors that are anticipated to drive the growth of the oral clinical nutrition supplements market. Furthermore, increase in the growth and the presence of global players, increase in the incidences of chronic infections, rising healthcare awareness are some of the other factors that fuel the growth of the oral clinical nutrition supplements market over the forecast years 2020-2025.
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Challenges – Oral Clinical Nutritional Supplement Sales Forecast Market
High cost of oral clinical nutritional supplements
The high cost and the regulatory compliance of the oral clinical nutritional supplements are the major factors to hamper the growth of the market. However, the shifting raw material prices is acting as a major challenge for the growth of the Oral Clinical Nutritional Supplement Sales Forecast Market during the forecast period 2020-2025.
Oral Clinical Nutritional Supplement Sales Forecast Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Oral Clinical Nutritional Supplement Sales Forecast Market. Key companies of this market are B Braun, Fresenius Kabi Ltd, Pfizer Inc, Danone Nutricia, Medifood International, Medtrition Inc., GlaxoSmithKline plc, Perrigo Nutritionals, Victus Inc., Nestle Health Science, and Bayer AG.
Acquisitions/Product Launches:
In June 2020, Nestlé Health Science (NHSc) has agreed to acquire a majority stake in Vital Proteins, the market leader in collagen in the United States and a leading lifestyle and wellness platform offering oral nutrient supplements, beverages, and food products.
In July 2019, Perrigo Company plc announced the successful completion of its acquisition of Ranir Global Holdings LLC, the leading global store brand supplier of the oral self-care products, for $750 million in cash.
Key Takeaways
Geographically, the Asia-Pacific area is poised to see extraordinary development owing to the rising awareness regarding healthy lifestyles and increasing levels of disposable income among consumers in the region and is set to continue during forecast period 2020-2025.
The global demand for the Oral Clinical Nutritional Supplement Sales Forecast Market is owing to the rising number of young population and higher demand for the oral nutritional food supplements across the globe.
The high cost and the regulatory compliance of the oral clinical nutritional supplements are estimated to restrain the market growth during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Oral Clinical Nutritional Supplement Sales Forecast Market report.
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