Global Specialized Formula Medical Nutrition Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Specialized Formula Medical Nutrition market:
The latest research study on the global Specialized Formula Medical Nutrition market finds that the global Specialized Formula Medical Nutrition market reached a value of USD 17895.04 million in 2022. It’s expected that the market will achieve USD 1739.84 million by 2028, exhibiting a CAGR of -32.19% during the forecast period.

Specialized Formula Medical Nutrition is therapeutic compositions specifically formulated for the dietary management of patients.
Specialized formula medical nutrition provides special formula medical nutrition to malnourished patients to improve their quality of life and outcomes. It is tailored to the specific nutritional needs of specific patients in terms of preferences, schedules and abilities.

Impact of COVID-19
Short-term Impact
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages. For the Specialized Formula Medical Nutrition industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas.

Long-term Impact
In 2021, people's lives and values have undergone tremendous changes due to the catastrophic reality of the global COVID-19 pandemic. The epidemic situation has made people pay more attention to their health, and their awareness of health has been continuously strengthened.
In the long term, the change of consumers' consciousness will increase consumers' demand for specialized formula medical nutrition products in the future, thus promoting the development of specialized formula medical nutrition industry.

The COVID-19 outbreak may also cause more factories to use more automated production lines to avoid the spread and infection of Covid-19 in the manufacturing process. In addition, the application of Internet of Things technology may also bring more opportunities for industry participants.

Strength
The aging of the population will become an important driving force to promote the growth of the demand in the Specialized Formula Medical Nutrition market.
Growing demand in different regions.

Weakness
Fluctuations in raw material prices.
Relevant system standards are not perfect enough.

Opportunities
The increase of female labor force is driving the demand for Infant Medical Nutrition Products.
The trend of global malnutrition will promote the growth of demand for specialized formula medical nutrition.

Threat
The industry is fiercely competitive and without industry advantages, it is easy to be eliminated.
Strict control of government policies, various tax policies.

Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:
Abbott Laboratories is one of the major players operating in the Specialized Formula Medical Nutrition market, holding a share of 15.73% in 2021.

Abbott Laboratories discovers, develops, manufactures, and sells health care products worldwide. Abbott has a broad range of branded generic pharmaceuticals, medical devices, diagnostics, and nutrition products. The company's in-vitro diagnostics business performs immunoassays and blood screening. Its medical tests and diagnostic instrument systems are used worldwide by hospitals, laboratories, blood banks, and physician offices to diagnose and monitor diseases such as HIV, hepatitis, cancer, heart failure and metabolic disorders, as well as assess other indicators of health.

Danone is a leading multi-local food and beverage company building on health-focused and fast-growing categories in 3 businesses: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition.
With more than 100,000 employees, and products sold in over 120 markets. Danone’s portfolio includes leading international brands (Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, among others) as well as strong local and regional brands (including AQUA, Blédina, Bonafont, Cow & Gate, Horizon Organic, Mizone, Oikos, Prostokvashino, Silk, Vega).

Segmentation Overview:
Among different product types, Enteral Medical Nutrition Products segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Geriatric segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Specialized Formula Medical Nutrition market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Specialized Formula Medical Nutrition market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Specialized Formula Medical Nutrition and its sub-markets in an intuitive way.

Key Companies in the global Specialized Formula Medical Nutrition market covered in Chapter 3:
Perrigo Company
NUTRICION MEDICA
Abbott Laboratories
Haisco Pharmaceutical
Kelun Group
B. Braun Melsungen
Baxter International
Kate Farms
Ajinomoto Cambrooke
Nestle
Fresenius Kabi
Danone
Mead Johnson & Company
Medtrition, Inc.
Meiji Holdings
Victus

In Chapter 4 and Chapter 14.2, on the basis of types, the Specialized Formula Medical Nutrition market from 2018 to 2029 is primarily split into:
Infant Medical Nutrition Products
Enteral Medical Nutrition Products
Parenteral Medical Nutrition Products

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Specialized Formula Medical Nutrition market from 2018 to 2029 covers:
Adult
Geriatric
Pediatric

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Specialized Formula Medical Nutrition market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029