As per Future Market Insights (FMI), the global oral clinical nutritional cream and pudding market size is poised for remarkable growth, with an estimated value of USD 655.7 million in 2023 and a projected CAGR of 7.0% from 2023 to 2033. This growth is driven by factors such as the rising prevalence of chronic diseases, an aging population, and a growing emphasis on healthcare and wellness. Additionally, the trend towards personalized nutrition and the demand for products tailored to specific needs are contributing to the expansion of the market.
Rising impact of pollution and other contaminants in our everyday lives has seen a rise in prevalence of chronic diseases. This has led to a growing need for specialized nutrition products that can help manage various health issues. This includes conditions such as cancer, gastrointestinal disorders, and malnutrition, among others.
The demand for oral clinical nutritional creams and puddings is fueled by:
- Increasing prevalence of chronic diseases and malnutrition globally
- Rising awareness about the importance of preventive healthcare and body immunity
- Growing interest in health and wellness among consumers
- Development of innovative products with diverse flavors to cater to consumer preferences
- Surging popularity of plant-based oral clinical nutritional products, opening new growth opportunities for the market
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Growing Factors:
- Rising Incidence of Malnutrition and Chronic Diseases: The prevalence of malnutrition and chronic diseases worldwide is driving the demand for oral clinical nutritional products, as they provide essential nutrients required for proper health and well-being.
- Preventive Healthcare Focus: There is a growing interest in preventive healthcare, leading to increased demand for products that support overall health and immunity, such as oral clinical nutritional creams and puddings.
- Health and Wellness Awareness: Consumers are becoming more health-conscious, seeking products that contribute to their overall well-being, including nutritional supplements that provide balanced nutrition.
- Innovative Product Development: Manufacturers are focusing on developing new products with innovative flavors and formulations to cater to evolving consumer preferences and enhance the appeal of oral clinical nutritional supplements.
- Popularity of Plant-Based Products: The growing popularity of plant-based diets is driving the demand for plant-based oral clinical nutritional products, offering a sustainable and healthy alternative to traditional options.
Key Takeaways from the Oral Clinical Nutritional Cream and Pudding Report:
- The global oral clinical nutritional cream and pudding market is expected to reach a market valuation of US$ 1,294.1 million by 2033
- By product type, demand is expected to remain high for pudding in the market.
- Based on distribution channel, over-the-counter segment is likely to generate the most revenue in the market.
- Europe is projected to hold a value share of 2% in the global market by 2023.
- The United States market is forecast to reach a valuation of around US$ 331.5 million by 2033.
- India oral clinical nutritional cream and pudding industry is poised to exhibit a CAGR of 0% through 2033.
Growing requirements of nutritional supplements from consumers suffering from health issues such as gastrointestinal conditions is set to elevate demand for clinical nutritional cream and pudding, and similar products in the market. Manufacturers would find significant growth opportunities during the forecast period by creating marketing campaigns to educate consumers and increase awareness on the benefit of their products. – says a lead analyst at Future Market Insights (FMI)
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Who is Winning?
Leading manufacturers of oral clinical nutritional cream and pudding include Nestlé SA (Boost), Danone SA (Nutricia), Fresenius Kabi, Lactalis Groupe, Nualtra Limited, Aymes International Limited, NutiWise Groupe Lactalis (Lactalis Nutrition Sante), Fresenius SE & Co., and others.
These companies are constantly launching new products into the market to increase their sales. They are also employing strategies such as distribution agreements, mergers, collaborations, partnerships, and acquisitions to solidify their positions. For instance,
- In 2021, Lactalis Ingredients introduced oral nutritional pudding made with Pronativ-Native Micellar Casein.
- In 2021, Nestle Health Science launched a new range of Resource ThickenUp Clear products including Resource ThickenUp Clear, Resource ThickenUp Clear Sticks, and Resource ThickenUp Clear Powder. These products are designed for people with swallowing difficulties and provide a clear, lump-free texture.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the oral clinical nutritional cream and pudding market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the oral clinical nutritional cream and pudding market based on product type (pudding, cream) and distribution channel (prescription based, over the counter) across various regions.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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