Changes in lifestyle have affected people’s eating habits, leading to inadequacy of essential nutrients in food. Thus, they increase the consumption of oral medications because they are easily ingested
United States, Rockville MD, June 21, 2022 (GLOBE NEWSWIRE) – A recent Fact.MR study predicts that the Asia-Pacific Medical Food market is expected to grow at a CAGR of 6.5% from 2022 to 2032, reaching US $. 11 billion. By 2022, the market is expected to reach a value of $ 5.8 billion. Rapid urbanization and the heavy burden of disease, along with the massive impact the pandemic has had on people’s health, have increased the use of medical foods. This, in turn, has led to the growth of the industry.
From 2017 to 2021, the market demand for Asia Pacific Medical Foods expanded at a CAGR value of ~ 6% to $ 5.5 billion. The growth of general awareness about medical foods has significantly boosted the growth of the market in recent years. The Chinese and South Korean markets are seeing massive use of medical foods and the demand for them is constantly growing.
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Instead, countries are accelerating the process of gaining more imports and are also investing in their portfolios to expand into the regional market. The medical food market for specific rare diseases is gaining momentum and is being prioritized by governments for registration.
Medical foods are tailor-made liquid solutions that are only intended to cure people with various disorders. Due to food insecurity, which is a global problem worldwide, the demand for Medical Foods is growing exponentially. Also, as people become more aware of the nutritional benefits, medical foods will become more popular.
What Product Segment Will the Asia Pacific Food Market Be?
The dust segment had the highest market share of 35.4% in 2021. Greater product availability and longer product life have led to growth in this segment. The product portfolios of all the major players in the industry are mostly made up of powder formulations and are a key factor for a large revenue share.
The fastest CAGR is expected to record the fastest CAGR in the planned period. The expansion of product portfolios by healthcare players is a key factor in contributing to the rapid growth of this segment. Ease of use of liquid formulations for children and adults is also a key factor in contributing to the growth of the segment.
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Major segments covered in the Asia Pacific Food Industry Survey
Asia Pacific Medical Food Market by Administrative Route:
Asia Pacific Medical Food Market by Product Type:
Other types of food in medicine
Asia Pacific Food Market by application:
Asia Pacific Medical Food Market by Sales Channel:
Notable medical food manufacturers are emphasizing technological innovations for the introduction of safe and secure medical products. Leading manufacturers are introducing a variety of marketing tactics, such as using different sales channels and using mergers and acquisitions to expand the size of their market. Some key developments include:
In June 2021, Primavera Capital Group (“Primavera”) announced that it had signed a final agreement with Reckitt Benckiser Group plc, the world’s leading consumer health, food and hygiene company, to acquire Mead Johnson Nutrition Company’s Greater China business. , a leading global formula for children, and a Nutrition Company owned by Reckitt.
In May 2022, Nestle Health Science, a business unit of Nestle SA, agreed to acquire Puravida, a Brazilian food and lifestyle brand that includes beverage blends and protein powders, nutrition bars and snacks. which markets them. São Paulo. The terms of the agreement were not disclosed.
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The main players in the Asia Pacific medical food market
Key Conclusions of the Asia-Pacific Medical Food Market Study
Based on the sales channel, the institutional segment achieved the highest share of more than 40% in the forecast period.
Depending on the type of product, the oral segment is likely to rise by 6.7% in the CAGR, contributing almost 35% to the region’s revenue during the invention period.
Drug-induced diarrhea had the highest market share of 15.2% in 2021.
Japan will provide $ 1.8 billion in growth, growing at a CAGR of 6.5%.
China, & amp; India will be tied to CAGRs of 6.5% and 6.4% by 2032.
Fact.MR, in its new offering, presents an unfair analysis of the global Asia-Pacific medical food market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period 2022-2032.
The study shows key knowledge based on Asia Pacific Pacific Foods, depending on the type of product (oral, enteral) product (tablets, powders, etc.) application (chronic kidney disease, minimal hepatic encephalopathy, chemotherapy-related diarrhea, pathogen-related). Infections, Diabetic Neuropathy, ADHD, Depression, Alzheimer’s disease, Malnutrition, Orphan diseases, Wound healing, Chronic diarrhea, Relief from constipation, Protein promotion, Dysphagia, Other diseases) Sales channel forecast (online sales, retail) Country (Japan, China, India, Singapore, South Korea).
Fact.MR Domain Knowledge in Nutrition & amp; Beverages Expert Review, Feasible Information and Aged Food & amp; Fact.MR’s Beverage team helps customers around the world with their unique business intelligence needs. With a repertoire of over a thousand reports and over a million data points, the Food & amp; It has been distributing beverages in more than 50 countries for more than a decade. The team offers unparalleled research and consulting services.
Browse Fact.MR’s Food & amp; Beverage Domain
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What is happening to Earth right now 2021?
The rise in global sea level has accelerated since 2013 to 2021, with continued warming and acidification of the oceans. This may interest you : The report indicates that DSV has interests in acquiring C.H. Robinson’s Global Forwarding Business. The report combines the contributions of various United Nations agencies, national meteorological and hydrological services, and scientific experts.
How hot will the Earth be in 2030? Understanding Global Warming at 1.5 ° C * â € zea Warming above pre-industrial levels, probably between 0.8 ° C and 1.2 ° C. Global warming is likely to reach 1.5 ° C between 2030 and 2052 if it continues to grow at the current rate. (high confidence) (SPM image.
What is happening to our Mother Earth now?
Our Mother Earth is currently facing many environmental problems. Global warming, acid rain, air pollution, urban sprawl, waste disposal, depletion of the ozone layer, water pollution, climate change and many other environmental problems affect all humans, animals and nations on this planet.
What is happening to planet Earth now?
High temperature extremes and heavy rainfall are increasing, glaciers and snow cover are declining, and sea ice is receding. Read also : Access to campus food directly improves student health. The seas are warming, rising, and becoming more acidic, and flooding is more frequent on the U.S. coast.
What will happen in 2021 climate change?
2021 was consistent with the long-term trend of global warming caused by humans, at around 0. See the article : Willie Wilson advertises upcoming food and gas deals for $ 2 million.2 ° C (0.36 ° F) per decade. From India to England, Russia, China, New Zealand, USA, Indonesia, Uganda, Germany, … extreme rainfall and flooding over a few months.
What are the key findings of the latest IPCC report?
The latest report on the Climate Change Group (IPCC), prepared by a diverse group of 234 authors from 66 countries, says human activity has warmed the atmosphere, ocean and land at unprecedented speeds.
What is the latest IPCC report? The IPCC has completed the second part of the Sixth Assessment Report, Climate Change 2022: Impacts, Adaptation and Vulnerability, Contribution of Working Group II. The IPCC II ended on February 27, 2022. In the 12th and 55th sessions of the team.
What are the key findings of the IPCC report?
The IPCC estimates that climate change alone will push 32-132 million more people into poverty in the next decade. Global warming will jeopardize food security, as well as increase the incidence of heat-related mortality, heart disease and mental health challenges.
What did the 2022 IPCC report say?
The IPCC’s 2022 report warned that the world will reach 1.5 ºC in the next two decades and said that from now on only the most severe reductions in carbon emissions would help prevent environmental catastrophe.
What did the IPCC recent report find?
The latest IPCC report shows that greenhouse gas emissions continue to rise, and that current plans to tackle climate change are not enough to limit global warming to 1.5 ° C above pre-industrial levels; scientists believe that the threshold is necessary to avoid even more catastrophic effects.
What is an important conclusion of climate prediction models Brainly?
An important consequence of climate forecasting patterns will continue to be a rise in global temperature but may be reduced.
Why is climate forecasting important? Climate forecast information can help farmers better manage soil carbon levels in the light of expected weather events. Climate forecasts help predict major weather events that affect world crop production levels.
What is an important contribution of climate prediction models Brainly?
Answer. Answer: They predict how the average conditions in a region will change in the coming decades. Climate patterns include more atmospheric, oceanic, and terrestrial processes than weather patterns, such as ocean circulation and glacial melting.
What is the important conclusion of climate prediction models?
The most important consequence of climate prediction models is that human activity leads to an increase in global warming and an increase in global temperature.
Why is reporting on climate change important?
These observations help to monitor the changing levels of greenhouse gases and serve as an early warning system for changes in these major atmospheric agents of climate change.
Why is it important to tackle climate change now? A warmer climate exacerbates public health challenges, such as heat-aggravated diseases, increased vector-borne diseases, and reduced access to safe water and food. Reducing short-lived climate pollutants slows down the warming rate and reduces public health risks.
Why is dealing with climate change important?
Climate affects almost every aspect of our lives, from our food sources to our transportation infrastructure, to the clothes we wear, to the holidays. It has a profound effect on our lives, our health and our future.
Why is climate monitoring important?
Climate monitoring provides users with the information they need for effective planning and operations to respond to climate change in terms of frequency, intensity, and location of extreme weather and climate events.
