Global Clinical Nutrition Market to Witness 5% CAGR During 2015 – 2020


Posted August 11, 2015 by Jaitomar

The global clinical nutrition market was valued at $37.6 billion in 2014 and it is expected to grow at a CAGR of 5.3% during the period 2015 - 2020.

 
The global clinical nutrition market was valued at $37.6 billion in 2014 and it is expected to grow at a CAGR of 5.3% during the period 2015 - 2020. Based on product categories, the infant nutrition segment hold the largest share, with $21.4 billion value, of the total market in 2014; and it is expected to reach $28.2 billion in 2020, at a CAGR of 4.8% for the period 2015-2020. By geography, the Asia-Pacific clinical nutrition market (largest market in 2014) increased by 4% CAGR during 2011-2014 to reach $15.1 billion in 2014.
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The global clinical nutrition market is increasing due to high birth rate, rise in the number of victims of malnutrition receiving treatment, and high number of premature births. The positive impact of rising global baby boomers population is expected to remain medium in the next few years as with improving health standards, the life expectancy is anticipated to increase. The impact of high birth and premature birth rate is expected to increase in the future. Due to better facilities and awareness, the number of premature fatal deaths is expected to decrease. Increasing demand for clinical nutrition in infant category is expected to provide further growth opportunities for clinical nutrition market.

The information and data in the publication “Global Clinical Nutrition Market Size, Share, Development, Growth and Demand Forecast to 2020” represent the research and analysis of data from various primary and secondary sources. Bottom-up approach has been used to calculate the global clinical nutrition market by product. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, aided by informed and detailed online and offline research.

With the increasing population of baby boomers, spending on clinical nutrition is anticipated to increase. Due to weak digestive system at older age, it is difficult for human body to absorb all the required nutrients from food. Among geriatric population, loss of appetite is considered to be the most common problem. Due to this, the population of baby boomers does not get the sufficient amount of nutrients. In order to get sufficient amount of nutrients, the dependency of the geriatric population towards clinical nutrition support is increasing. However, certain restraints such as stringent regulations and lack of awareness for clinical nutrition are hindering the market growth. At the same time, increasing demand for clinical nutrition in pediatric category is emerging as a potential opportunity for the clinical nutrition market. Increasing home care usage of nutritional products is anticipated to create new demand for clinical nutrition market during the forecast period.

Increasing birth rate paired with increasing geriatric population is driving the clinical nutrition market in the Asia-Pacific region. High birth rate nations such as India and China are anticipated to fuel the demand for clinical nutrition products, especially infant nutrition products. In 2012, birth rate in India and China was 21.0 per thousand people and 12.0 per thousand people respectively, compared to 9.0 per thousand people in Germany and 8.0 per thousand people in Italy. Moreover, the population of senior citizen (aged 65 years and above) in Asia-Pacific was around 288.0 million in 2010. The total number of population of senior citizen in Asia-Pacific is expected to reach 911.0 million by 2050. Major companies operating in the Asia-Pacific market are Nestlé, Mead Johnson, Abbott, Danone, and Fresenius Kabi.
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Major players, such as Abbott, B. Braun, Nestlé, and Baxter, is anticipated to increase the level of competition in the global clinical nutrition market, as these companies are anticipated to expand their product portfolios to increase their market share. In 2013, Abbott invested $188.0 million on R&D to expand its infant nutrition product portfolio. Companies are also using inorganic growth strategies to increase their market share. In 2012, Nestlé acquired Pfizer Nutrition for $11.9 billion to increase its market share in the global clinical nutrition market.
The key companies operating in the global clinical nutrition market include Baxter International, Inc., Abbott Laboratories, B. Braun Melsungen AG, H. J. Heinz Company, Groupe Danone, Mead Johnson Nutrition Company, Fresenius Kabi AG, Hospira, Inc., Nestlé SA and Perrigo Company Plc.

CLINICAL NUTRITION MARKET SEGMENTATION

Clinical Nutrition by Product
• Infant Nutrition
• Enteral Nutrition
• Parenteral Nutrition

Infant Nutrition Market by type
• Milk-based
• Soy-based
• Organic
• Probiotic/Prebiotic
• Others
Enteral Nutrition Market by type
• Standard
• Enteral nutrition for chronic illness

GEOGRAPHICAL SEGMENTATION
Clinical Nutrition Market by Region
• North America
o The U.S.
o Rest of North America
• Europe
o Germany
o The U.K.
o Rest of Europe
• Asia-Pacific
o Japan
o China
o Rest of Asia-Pacific
• Rest of the World (ROW)

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P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
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Last Updated August 11, 2015