Emerging Opportunities In India's Medical Nutrition Market...

Emerging Opportunities In India's Medical Nutrition Market Landscape

Veröffentlicht 2023-10-26 06:34:11

Market key trends:
The India Medical Nutrition Market has been witnessing high growth due to the increasing prevalence of chronic diseases and rising health consciousness among consumers. Growing elderly population suffering from chronic diseases like cancer, gastrointestinal disorders is driving the demand for nutritional products in the country. Furthermore, the launch of innovative products tailored to address the nutritional requirements of patients at different stages of disorders is a key trend in the market.

SWOT Analysis
Strength: Growing elderly population susceptible to chronic diseases, increasing healthcare expenditure.
Weakness: Lack of awareness, high cost of specialized medical foods.
Opportunity: Rising incidence of chronic diseases, untapped rural markets.
Threats: Intense competition, easy availability of alternatives.

Key Takeaways
The India Medical Nutrition Market Size was valued at US$ 466.5 million in 2023. The market is expected to grow at a substantial CAGR of 8.1% during the forecast period due to the increasing burden of chronic diseases in the country.

Regional Analysis
Regionally, South India dominates the India Medical Nutrition Market with the highest consumption. The higher prevalence of lifestyle diseases such as diabetes and obesity among urban populations is driving sales in the region. Meanwhile, North India is expected to be the fastest growing market owing to growing health awareness.

Key Players
Key players in the India Medical Nutrition Market include Abbott Laboratories, Baxter International Inc., Danone S.A., Nestlé S.A., GlaxoSmithKline plc., Sun Pharmaceutical Industries Ltd., Fresenius Kabi AG, BASF SE, etc. These leading players are focusing on expanding their product portfolios through frequent new launches tailored to address the nutritional needs at different stages of chronic disorders.