Adult Clinical Oral Nutrition Market to hit USD 13 billion by 2032, says Global Market Insights Inc.
Adult clinical oral nutrition industry is anticipated to observe 5% CAGR between 2023 and 2032 owing to increasing adoption of home healthcare and high junk food consumption leading to malnourishment.
Selbyville, Delaware, March 27, 2023 (GLOBE NEWSWIRE) —
Adult clinical oral nutrition
Emphasis on hypertension management may boost sales of adult oral supplement powder
Powder form segment registered 46% growth rate of the adult clinical oral nutrition market in 2022, attributed to rising awareness about protein powder as a critical source of nutrients among the younger populations, including millennials. Protein powder is known for its anti-cancer properties and can aid in lowering blood pressure. Furthermore, the increasing consumption of oral supplement powder for weight and chronic disease management will hasten the development of adult clinical oral nutrition therapy.
Rising scope of e-commerce to accelerate sales of oral nutrition supplements from online stores
Adult clinical oral nutrition market revenue from the e-commerce sales channel segment to hit over USD 2 billion by 2032, given the convenience, reduced lead time, easy access, and availability of the products at reasonable price points. E-commerce distribution channels have also witnessed a significant upsurge during the lockdown phase of the COVID-19 pandemic. The strong demand for quality supplements in online stores will thus create growth opportunities for clinical oral supplement developers.
Rise in geriatric population & malnutrition risks may fuel adult clinical oral nutrition use in APAC
Asia Pacific adult clinical oral nutrition market exceeded more than USD 2 billion in 2022, on account of rising burden of malnutrition. With the rapid rise in the number of elderly people, the incidence of chronic diseases is expected to grow, in turn, augmenting the development for oral nutrition solutions. The emphasis on improving healthcare infrastructure will also add impetus to regional industry progression in the coming years.
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Expansion of manufacturing capacity to emerge as key strategy for global industry progress
Ajinomoto Cambrooke, Inc., Abbott Laboratories, Herbalife Nutrition, Perrigo Company, Victus, Inc. (Megalabs), Meiji Holdings, Co. Ltd., Danone, Fresenius Kabi AG, B Braun Melsungen AG, Medtrition, Cantabria Labs, Usana Health Sciences, Archer Daniels Midland Company, and Otsuka Pharmaceutical Co., Ltd. are among the prominent companies profiled in the market.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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