Global Clinical Nutrition Market Will Reach USD 70.8 Billion by 2030 | CAGR 7.2%

According to P&S Intelligence, the global clinical nutrition market is expected to reach USD 70.8 billion by 2030
 
NEW YORK - March 27, 2023 - PRLog -- The clinical nutrition market is expected to grow at a rate of 7.2%, to reach USD 70.8 billion by 2030 as per a report by P&S Intelligence. This growth is ascribed to the rising elderly population, increasing malnutrition incidence, adoption of sports nutrition by athletes, rising incidence of lifestyle-related ailments, and a high birth and premature birth rate.

Developing countries of APAC, LATAM, and MEA, for instance, Brazil and India, offer significant growth potential for the industry. Major players are investing in the expansion of their footprint in these regions. The need for clinical nutrition in these regions is rapidly growing, resulting in a growth opportunity for both new entrants and reputed firms.

North America held the majority of product sales, approximately 40%, in recent years. This is credited to the existence of a large number of players, better reimbursement policies, and an inactive lifestyle. In addition, the developed healthcare facilities, high healthcare expenditures, and high disposable income are also boosting the demand for clinical nutrition (https://www.psmarketresearch.com/market-analysis/clinical...) .

Whereas, the APAC has the highest CAGR, of over 9% during the forecast period. This can be ascribed to the increasing elderly population, high rate of malnutrition, and increasing birth rate. As malnutrition treatment cases increase in the region, the demand for therapeutic nutrition products is also increasing.

In addition, the industry in APAC is expected to be boosted by the increasing healthcare costs, growing nutrition awareness, and rising disposable income.

Due to the increasing incidence of lifestyle-related diseases, high healthcare expenditures, and the increasing elderly population, the clinical nutrition industry will grow significantly in the coming years.

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Vijay Kumar
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