The most recent study conducted by Report Ocean, titled “Global Oral Clinical Nutrition Supplement Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Oral Clinical Nutrition Supplement . The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Oral Clinical Nutrition Supplement Market Size study, by Product Type (Standard Formula, Specialised Formula) by Indication (General Well-being, Renal Disorders, Hepatic Disorders, Oncology Nutrition, Diabetes, Dysphagia, IBD & GI Tract Disorders, Neurological Disorders, Respiratory Orders, Others) by Form (Liquid, Semi-solid, Powder) by Flavor (Regular, Flavored) by Channel (Prescription-based, Over-the-Counter) by End User (foods & beverages, Pharmaceutical, Textiles, Petrochemicals, Adhesives, others) and Regional Forecasts 2022-2028Global Oral Clinical Nutrition Supplement Market is valued approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Nutrition Supplement refers to dietary supplements which contains essential vitamins, minerals, amino acids, and enzymes etc. oral nutrition supplements used to lower risk of health problems such as metabolism disorders, osteoporosis, or arthritis. Growing demand for herbal dietaries supplements and growing geriatric population are key drivers for the growth of Oral Clinical Nutrition Supplement market. For instance, according to the Nutrition Business Journal (NBJ)- In 2020 sales of Herbal dietary supplement in the United States estimated at USD 11.261 billion, an increase of 17.3% from the sales in the year 2019 (approx. USD 9.60 billion).
Also, in July 2021 Lycored in partnership with Herbalife Nutrition launched a new oral herbal supplement skin product, LycoGlow. Also, with the rising health concerns among the population and growing disposable income, the adoption & demand for Oral Clinical Nutrition Supplement is likely to increase the market growth during the forecast period. However, stringent government regulations and low affordability due to high cost of nutrition supplement may impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Oral Clinical Nutrition Supplement Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to increasing demand for nutrition supplement in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as increasing incidences of chronic diseases and rising disposable income would create lucrative growth prospects for the Oral Clinical Nutrition Supplement market across Asia-Pacific region.
Major market player included in this report are:
NUTRICIN MeDICA SL
Meiji Holdings Co., Ltd.
Medtrition Inc.
Baxter International Inc.
B. Braun Melsungen AG.
Fresenius Kabi AG
Mead Johnson & Company, LLC
Otsuka Holdings Co., Ltd.
Abbott Laboratories
Danone Nutricia
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Standard Formula
Specialised Formula
By Indication:
General Well-being
Renal Disorders
Hepatic Disorders
Oncology Nutrition
Diabetes
Dysphagia
IBD & GI Tract Disorders
Neurological Disorders
Respiratory Orders
Others
By Form:
Liquid
Semi Solid
Powder
By Flavor:
Regular
Flavored
By Channel:
Prescription-based
Over the Counter
By End User:
Adult
Geriatric
Paediatric
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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