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Key Takeaways from Oral Clinical Nutrition Supplement Market Study
- Exhibiting nearly 5% year-on-year growth in 2021, the oral clinical nutrition supplement market is forecast to expand steadily through 2031
- The U.S. to account for over 80% sales in North America backed by willingness among consumers to spend on health and wellness
- Demand from Germany and France will remain significantly high, aiding expansion in Europe
- China will remain dominant in Asia Pacific, besides which Japan and ASEAN will emerge among key markets
“Companies operating in the market are currently focusing on strategic collaborations to gain competitive edge. Through this they intend to expand their geographic footprint as well as product portfolio,” said a lead analyst at FMI.
Some of the key players in the oral clinical nutrition supplement industry are Danone Nutricia, NUTRICIÓN MÉDICA SL, Nature’s Bounty, Medifood International, Meiji Holdings Co., Ltd., Medtrition Inc., GlaxoSmithKline plc, B Braun, Perrigo Nutritionals, Fresenius Kabi Ltd, Victus Inc., Nestle Health Science, Pharmavite, Pfizer Inc., Bayer AG, Church & Dwight, and others.
Understanding the growing demand for oral clinical nutrition supplements the key players in the industry are revising their strategy. These players are trying to increase their regional presence in the untapped market via mergers, acquisitions, and partnerships with the other players in the industry.
- In 2020, Ajinomoto Cambrooke, Inc. acquired a medical nutrition company called Nualtra Limited, who offers life-enhancing oral nutritional supplements in the Ireland and UK.
- In July 2019, Perrigo Company plc announced successful acquisition of Ranir Global Holdings LLC, who is leading global supplier of the oral self-care products.
Oral Clinical Nutrition Supplements Market by Category
- Standard Formula
- Specialized Formula
- General Well-being
- Renal Disorders
- Hepatic Disorders
- Oncology Nutrition
- IBD & GI Tract Disorders
- Neurological Disorders
- Respiratory Orders
- Mixed Berries
- Nut Flavours
- Modern Trade
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies
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Key Questions Answered in the Report
- Which is the most lucrative market for oral clinical nutrition supplements?
- Which product type is leading the global oral clinical nutrition supplement market?
- Which is the major indication for use of oral clinical nutrition supplement?
- Consumers majorly prefers oral clinical nutrition supplements in which form?
- Who is the major consumer of oral clinical nutrition supplements?
- Among the regular and flavoured which is the most preferred oral clinical nutrition supplements?
- Which are some of the leading companies offering oral clinical nutrition supplements?
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