Global Clinical Nutrition Market Growth Rate 2024 , Forecast To 2033
7 Mar, 2024
The clinical nutrition market has demonstrated strong growth in recent years, expanding from $56.07 billion in 2023 to $60.08 billion in 2024, with a compound annual growth rate (CAGR) of 7.1%. This growth can be attributed to factors such as an aging population, the increasing prevalence of chronic diseases, growing awareness of the importance of nutrition, and government support for nutrition programs. Looking ahead, the market is expected to continue its robust growth trajectory, reaching $84.68 billion in 2028 with a CAGR of 9.0%. This growth will be driven by trends such as the adoption of personalized nutrition approaches, the increasing use of nutrigenomics, efforts towards population health management, and the expansion of healthcare services globally. Major trends in the forecast period include the integration of digital health and telehealth solutions, the rise of functional foods and nutraceuticals, a focus on probiotics and prebiotics, the popularity of plant-based and sustainable nutrition options, and a heightened emphasis on mental health nutrition.
Global Clinical Nutrition Market Key Driver
The growing geriatric population is projected to boost the clinical nutrition market (6). With the elderly population expected to reach one in six people by 2030, the demand for clinical nutrition tailored to specific health conditions and dietary preferences is set to increase.
Get A Free Sample Of The Global Clinical Nutrition Market ReportGlobal Clinical Nutrition Market Segments
The clinical nutrition market covered in this report is segmented –
1) By Product: Infant Nutrition, Parental Nutrition, Enteral Nutrition
2) By Route Of Administration: Oral, Enteral, Parenteral
3) By Application: Cancer, Neurological Diseases, Gastrointestinal Disorders, Metabolic Disorders, Other Applications
4) By End User: Pediatric, Adults, Geriatric
By Geography: The countries covered in the clinical nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the clinical nutrition market in 2023. The regions covered in the clinical nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Clinical Nutrition Industry Players
Abbott Laboratories; Nestlé S.A.; Baxter Healthcare Ltd.; B. Braun Melsungen AG; Perrigo Company plc; Fresenius Kabi AG; Danone S.A.; Pfizer Inc.; Mead Johnson Nutrition Company; Hero Nutritionals; Gentiva Health Services Inc.; H.J. Heinz Company; Ajinomoto Co. Inc.; Lonza Group Ltd.; GlaxoSmithKline plc; BASF SE; Kendal Nutricare; Nutricia; DuPont Nutrition & Health; American HomePatient; Reckitt Benckiser Group plc; Nestle Health Science; Medifood International Ltd.; Cambrooke Inc.; Vivante Health; BiomX Ltd.; OxeFit Inc.; Metabolon Inc.; COSMOSID Inc.; Impossible Foods Inc.; Virta Health; Meru Health Inc.
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Clinical Nutrition Market Overview
Clinical nutrition refers to a field of study that focuses on the prevention, diagnosis, and treatment of nutritional and metabolic abnormalities linked to acute and chronic illnesses, as well as disorders brought on by an imbalance of nutrients and energy. Clinical nutrition focuses on determining if a person is getting enough nutrients and providing their body with the proper kind of nourishment for overall health.