Global Oral Clinical Nutrition Supplements Market 2021 (Includes Business Impact of COVID-19)

  • TBI472960
  • September 16, 2021
  • Global
  • 149 pages
  • Market.US
                                              

Report updated on 11th September, 2021: Global Oral Clinical Nutrition Supplements Market 2021 (Includes Business Impact of COVID-19)

Global Oral Clinical Nutrition Supplements Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global oral clinical nutrition supplements market report has been segmented on the basis of type, application, and region.
The global Oral Clinical Nutrition Supplements market size was valued at USD$6969.38 million in 2020 and is projected to reach $9831.00 million by 2030 is anticipated to expand at a CAGR of 3.5% over the forecast period from 2020 to 2030.

Global Oral Clinical Nutrition Supplements Market: Overview

Oral nutritional supplements are semi-solids or powders, sterile liquids, that offer micro and macro nutrients. Oral clinical nutrition supplements are useful for the patients who are suffering from prolonged infection or half-starved patients for improving their dietary situation. The oral clinical nutrition supplements are useful for patients who are losing their interest in consuming any normal food as they are experiencing loss of taste. These supplements consist of fortified/functional food & beverages, dietary supplements, food intolerance products, and derma-cosmetic skin essentials.

Global Oral Clinical Nutrition Supplements Market: Dynamics

Increasing number of young population and higher demand for healthy food coupled with increasing demand for diversified oral clinical nutrition supplements among most of the population are the major factors expected to drive growth of the target market. In addition, increasing expansion and presence of global players involved in the food processing industry, growing occurrences of chronic infections, rising healthcare costs are some of the other factor expected to drive demand of the oral clinical nutrition supplements. Furthermore, increasing sales of oral clinical nutrition supplements coupled with increasing number of geriatric and aging population are among the other factors expected to drive the growth of the target market. However, high cost and regulatory compliance is a major factor that could restraining the growth of the target market. In addition, the fluctuating raw material prices is other factor that may hamper the growth revenue to a certain extent. Major trends observed in the global oral clinical nutrition supplements market are increasing number of population shifting towards adoption of healthy lifestyle as well as innovation in flavors to develop great tasting nutritional products

Global Oral Clinical Nutrition Supplements Market: Segment Analysis

Among the types segments, standard formula segment is dominating in the global market in terms of revenue share. As there is awareness of these standard formulas. This is the factor expected to drive the growth of type segment. Among the application, children are dominating in the global market in terms of revenue share. As there is an increase in number of diseases including malnutrition which is mostly detected in children.

Global Oral Clinical Nutrition Supplements Market: Regional Analysis

Currently, North America market accounts for the major share and is expected to drive growth over the forecast period as this region. This is primarily attributed to, maximum product offerings coupled with increasing number of innovative product launches, and increasing wider availability & adaptability of oral clinical nutrition supplements in US. Asia Pacific market in expected to register fastest growth in terms of revenue in the near future due to increasing number of oral clinical nutrition supplement product diffusion and increasing per capita income level, are the factors which drive the growth of the target market in Asia Pacific region.

Global Oral Clinical Nutrition Supplements Market Segmentation:

Segmentation by type:
  • Standard Formula
  • Specialized Formula
Segmentation by application:
  • Children
  • Adults
  • Elderly

Key Market Players included in the report:

  • Abbott Laboratories
  • B Braun
  • Bayer AG.
  • Danone Nutricia
  • Fresenius Kabi Ltd
  • GlaxoSmithKline plc
  • Hero Nutritionals
  • Mead Johnson & Company
  • Medifood International
  • Medtrition Inc.
  • Meiji Holdings Company Ltd.
  • Nestle Health Science
  • NutriciOn MEdica S.L.
  • Perrigo Nutritionals
  • Pfizer Inc
  • Victus Inc.

Below are the key development related to Oral Clinical Nutrition Supplements Market in 2020 and 2021.

June 2021: Orkla’s acquisition of NutraQ completed. Orkla Health has completed its purchase of 100 per cent of the shares in NutraQ 2 AS (NutraQ), a leading supplier of subscription-based health and wellness products in the Nordic region. The acquisition has now been approved by all relevant competition authorities. Source April 2021: Nestle in talks to buy Natures Bounty vitamins. Nestle is in talks to buy nutritional supplement maker The Bountiful Company, the Swiss food giant said on Monday, as it looks to move further into a health and nutrition sector that is growing faster than its traditional packaged food business. Source April 2021: Unilever to acquire Onnit. Englewood Cliffs, NJ - Unilever announced that it has signed an agreement to acquire Onnit, a holistic wellness and lifestyle company, based in Austin, Texas (US). Onnit’s supplements are the foundation of the brands’ offering and are made with scientifically proven and high-quality ingredients to provide improved cognitive function, mood and relaxation, gut health and immunity support. The range includes Onnit’s hero product, Alpha BRAIN®, a brain supplement (nootropic) for better memory, focus, and mental processing. The brand also offers functional nutrition, fitness essentials, and a digital content platform that provides informative and motivational articles, interviews, advice, and fitness programs for its loyal and passionate consumer base. Source December 2020: Ajinomoto Cambrooke, Inc. Continues to Expand Worldwide with the Acquisition of Nualtra Ltd. Ajinomoto Cambrooke, Inc. has acquired Nualtra Limited, a medical nutrition company offering life-enhancing oral nutritional supplements in the UK and Ireland. Source November 2020: Unilever to acquire SmartyPants Vitamins. Unilever announced that it has signed an agreement to acquire SmartyPants Vitamins, a U.S.based Vitamin, Mineral and Supplement company. SmartyPants Vitamins products display. Based in Los Angeles, SmartyPants Vitamins was founded in 2011 to create a comprehensive supplement made from premium ingredients to support the wellbeing needs of children and adults.SmartyPants works with nonGMO certified ingredients and a range of sustainably sourced bio-available nutrients. Their product range is free from synthetic colors, artificial flavors, sweeteners and preservatives. Source

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Oral Clinical Nutrition Supplements Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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