Clinical nutritional supplements are on an upward curve, and according to a market research for transparency, the market for these nutritional supplements will have a constant CAGR (Compound Annual Growth Rate) of 61% between 2018 and 2026 in the global oral clinical nutritional supplement market.
One of the most important factors driving the market to grow is the population, which is aging at a dizzying pace. For example, experts note that the population changed dramatically in 2018, with a higher number of people aged 65 and below and people aged five and under. And according to a study, every sixth person in the world will occupy the earlier age group in the next three decades.
In terms of statistics on people aged 60 and over, the number will soar from 900 million in 2015 to 2 billion in 2050.
One of the other important factors driving the growth in the global oral clinical supplements market is poor lifestyle with increased alcohol consumption, poor diet, and so on. Furthermore, the rise of nuclear families leads to low-nutrient meals. In addition, there is the rise of families with double incomes. When both adults in a family have hectic schedules for long periods of time, neither of them wants to go out of their way to prepare the right meals using fresh ingredients.
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Asia-Pacific shows significant growth in the forecast period:
Due to a broad geriatric population and high levels of malnutrition, the Asia-Pacific region will see a remarkable CAGR over the forecast period. The growth is also due to the increase in awareness among people who, due to the good economic situation, have an improved standard of living and a higher disposable income, which supports regional growth. There is great demand in the region for oral clinical nutritional supplements. Thus, this region offers new opportunities for the players to use them.
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The other region that will show strong statistics over the forecast period is the North American region, which due to its good awareness has a proper health infrastructure with a solid reimbursement policy. In addition, disposable incomes are high, which supports growth in the global oral clinical nutritional supplement market.
TMR’s report provides a comprehensive profiling of the major players in the global Oral Clinical Nutritional Supplements market. Some of these are Danone Nutricia, NUTRICIÓN MÉDICA SL, Meiji Holdings Co., Ltd., Medifood International, Medtrition Inc., GlaxoSmithKline plc, Perrigo Nutritionals, Victus Inc., B. Braun, Fresenius Kabi Ltd., Nestle Health Science, Nature’s Bounty , Pharmavite, Pfizer Inc., Bayer AG, Church & Dwight and others. It should also be noted here that the market landscape is slightly fragmented.
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