Global Clinical Nutrition Market to reach $80 billion by 2024: Fractovia.org The research report “Clinical Nutrition Market Size By Product [Infant Nutrition (Milk, Soy, Organic), Parenteral Nutrition (Amino Acids, Fats, Carbohydrates), Enteral Nutrition (Standard Composition, Disease Specific Composition)], Regional Outlook (US, Canada, UK, Germany, France, Spain, Italy, Russia, Japan, China, India, Australia, Malaysia, Mexico Brazil, South Africa, UAE, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2017 – 2024” by Global Market Insights, Inc. says Clinical nutrition industry revenue, worth USD 40 billion in 2015, is anticipated to double in terms of value and will hit USD 80 billion by 2024. The world has been witnessing a continuous rise in the number of metabolic disorders and pre-mature deaths due to malnutrition. Clinical nutrition market expansion can be primarily credited to the aforementioned factors, as per research analysis. Rising health consciousness and an escalating preference for home healthcare has led to swift improvements in clinical nutrition design & composition, which will ultimately push clinical nutrition market size. The pharmaceutical and food & beverage sectors are the major end-use domains that will experience a widespread usage of this product. Both the aforementioned sectors are growing with renewed gusto, which will generate lucrative avenues for the market players to expand their business and product portfolio.
Considering the geographical trends, Asia Pacific industry, which contributed over 40% of clinical nutrition market share in 2015, is set to hit a targeted revenue of over USD 30 billion by 2024. Rising population, GDP growth, the high occurrence of chronic ailments, and an increase in the consumer purchasing power will impel the growth. India and China are slated to be major revenue pockets. Latin America clinical nutrition industry is projected to surpass a revenue of USD 6 billion by 2024, registering a CAGR of more than 8% over 2017-2024. Mounting incidences of malnourishment coupled with improvement in healthcare services are predicted to contribute towards the industry revenue. Mexico and Brazil are slated to be key growth drivers of the region.
1|Page