CLINICAL NUTRITION INDUSTRY INSIGHTS
The global clinical nutrition market size was valued at USD 55.77 billion in 2020 and is expected to reach USD 89.98 billion by 2026, growing at a CAGR of 8.96%. Abbott, Baxter, B. Braun, Danone, and Nestle Health Science are holding the highest clinical nutrition market share.
Clinical nutrition remains significantly important to ensure better survival outcomes for patients suffering from critical conditions arising from COVID-19. The increasing number of malnutrition cases is surging the industry growth. Clinical nutrition is a highly regulated market and is generally prescribed for intake during medical supervision across various settings such as hospitals, clinics, and home care facilities.
The rising number of preterm births and the increasing prevalence of malnutrition among children primarily drive the demand for children's clinical nutrition products. Around 7% of births in the UK are preterm, which is about 60,000 babies each year. Nutritional supplementation is critical to ensure proper growth and survival. The advancements in technology and growing consumer awareness are likely to boost the demand for clinical nutrition during the forecast period. The rising recommendation for parenteral nutrition supplements under the safety guidelines of various health organizations is likely to boost the demand for parenteral nutrition in the forecast period.
- Rising recommendation for the application of parenteral nutrition supplements under the safety guidelines of various health organizations is primarily expected to boost the demand. This segment is expected to generate incremental revenue of USD 5.31 billion during the forecast period.
- Malnutrition accounted for 46.43% of the revenue for clinical nutrition, followed by metabolic disorders and gastrointestinal disorders in 2020.
- Supermarkets and hypermarkets form the second-largest distribution channels for clinical nutritional products in North America, contributing approximately 17.24% of the market share.
- Japan is one of the most lucrative markets for geriatric clinical nutrition. By 2026, the market in Japan will grow at a CAGR of 9.60% during the forecast period.
CLINICAL NUTRITION MARKET GROWTH FACTORS
- Many people are suffering from digestive or appetite problems, requiring enteral or parenteral nutrition, driving the expansion of the US clinical nutrition market over the forecast years.
- In Latin America, improving healthcare facilities and developing trends of oral consumption of nutritional substitutes fuel the industry's growth.
- With rising recommendations for the use of parenteral nutrition supplements under the safety guidelines of various health organizations, it is likely to boost the demand for parenteral nutrition in the forecast period.
- Latin America and MEA are under-penetrated markets and providing enormous growth opportunities for the vendors, especially after the COVID-19 outbreak.
CLINICAL NUTRITION MARKET SEGMENTATION
This research report includes a detailed segmentation by
- Route of Administration
- Age Group
- Product Type
- Distributional Channels
INSIGHTS BY ROUTE OF ADMINISTRATION
In 2020, oral nutrition dominated the global clinical nutrition market share accounting for 58.01% of the revenue.
Focusing on health and wellness, aging well, and disease prevention by consumers, healthcare providers are demanding preventive clinical nutrition products and are experiencing rapid growth. Vendors are offering the product in dessert, yogurt, soup, and savory-style and as powders to grab customers’ attention. The key players are investing in research activities to formulate a nutritional supplement that provides nutritional benefits to patients suffering from certain medical conditions.
INSIGHTS BY AGE GROUP
The global infant and toddler medical nutrition market is expected to grow at a CAGR of 10.28% by 2026.
Global brands such as Abbott, Nestle, Nutricia, and Fresenius Kabi offer parenteral, enteral, and oral nutrition products for infants. The percentage of infants suffering from lactose intolerance is incredibly high and accounts for 71% of the population. The market has also been experiencing high demand owing to the heavy ad campaigns. The increasing prevalence of malnutrition among children is primarily driving the demand for clinical nutrition among children.
INSIGHTS BY PRODUCT TYPE
In 2020, the powder was the largest segment which accounted for over half of the market share.
Latin America and APAC are expected to witness high traction for semi-solid powder products in the industry. Most standard clinical nutrition products are powder-based as they offer 100% micro and macronutrient requirements. Players are observing the highest level of adoption of clinical nutrition in physical stores such as supermarkets, hypermarkets, and other e-commerce websites due to the flexibility offered in packaging techniques.
INSIGHTS BY APPLICATION
The global clinical nutrition market for malnutrition is expected to reach USD 40.46 billion by 2026.
In recent years, the syndrome of metabolic disorders is becoming much more common in the United States. About 37% of adult Americans are estimated to have metabolic disorders thereby, surging the demand for clinical nutrition across the globe. Major innovations and advancements in the fields of nutrition have led to rapid growth in the industry over the last decade. The developing Asian countries are becoming a focal point for significant players in the market.
INSIGHTS BY DISTRIBUTION CHANNELS
The distribution methods remain the key influencer in determining the sales and market share of the brands in the industry.
The distribution of clinical nutrition products is highly significant, requiring research activities to understand the most effective and safe channel. An ideal distribution mix consisting of a considerable share of each delivery mode is regarded as the most successful strategy. Major retail channels such as Walmart, Costco, Walgreens, Sainsbury’s, Morrisons serve as the primary sources of sales in the western countries.
The developing countries such as India, Indonesia, and Brazil are also purchasing them in convenience stores that contribute to the overall revenue generation. The online distribution channel has gained momentum post the rapid internet penetration and advancement in e-commerce shopping sites. It is estimated to be the second-fastest-growing distribution channel for the industry, where Amazon and Alibaba are the major websites for purchase.
INSIGHTS BY END-USERS
In 2020, the hospital was the largest end-user for clinical nutrition products and accounted for 42.47% of the share.
The rising incidence of malnutrition among hospitalized patients drives the demand for oral, enteral, and parenteral nutritional products across the globe. Vendors are arranging training sessions on equipment and feed for hospital-based healthcare professionals and patients to increase the sales of clinical nutrition. Brands such as Abbott and B. Braun offering ready-to-drink personalized nutrition products for patients suffering from chronic diseases that are easy to consume, and flavorful products are likely to gain greater consumer attention.
INSIGHTS BY GEOGRAPHY
The APAC region accounted for the largest clinical nutrition market share.
The proportion of cancer deaths in Asia is about 58.3% higher than the cancer incidence rate. The prevalence of chronic diseases is increasing the demand for clinical nutrition products in the region. The rapid rise of the e-commerce industry in the Asia Pacific is likely to remain at the forefront of the rapid growth of the online sale of nutritional products in the Asia Pacific. A large base of the population and the presence of high medical needs are expected to create new growth avenues for the market in the region.
Medical practitioners and pharmacists can serve as the influencers for clinical nutrition in the global market.
The global clinical nutrition market is becoming highly consolidated, with a rising number of mergers and acquisitions occurring globally. Due to the possibility of incremental growth, the non-traditional players are expected to venture into the clinical nutritional supplement market during the forecast period. The global market is highly competitive with the presence of significant vendors. Abbott, Baxter, B. Braun, Danone, and Nestle Health Science are the major players. Due to the higher level of fragmentation, most players engage in mergers and acquisitions to overcome the competitive edge across the industry.
The global clinical nutrition market research report includes in-depth coverage of industry analysis with revenue and forecast insights for the following:
- Route of Administration
- Age Group
- Infant & Toddler
- Child & Teenager
- Product Type
- Metabolic Disorders
- Gastrointestinal Disorders
- Distributional Channels
- Institutional Sales
- Pharmacy & Drugstores
- Supermarkets & Hypermarkets
- Online Channels
- Specialty Stores
- South Korea
- North America
- Latin America
- Middle East & Africa