May 28, 2020
According to a recent study titled ‘U.S. Clinical Nutrition Market Size By Product, By Consumer, Application Potential, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report LLC, U.S. clinical nutrition market is anticipated to grow momentously through 2026.
Increasing geriatric populace and rise in number of metabolic disorders such as diabetes and hypercholesterolemia owing to sedentary lifestyle and poor dietary habits are among the major growth drivers of U.S. clinical nutrition market.
Based on the product terrain, the market is categorized into infant nutrition, parenteral nutrition, and enteral nutrition, wherein infant nutrition segment held significant market share in the recent past and is projected to register a CAGR of 8% through 2026. Growing awareness regarding adequate nutrition during infancy and early childhood coupled with increase in number of working mothers fueled by higher cost of living and risk of losing potential career opportunities, are stimulating the demand for infant nutrition in the United States.
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Furthermore, availability of wide range of FDA approved infant formulas is garnering consumer traction. FDA states that infants who are fed these formulas do not require additional nutrients, indicating a high product demand in the coming future.
Elaborating on the consumer spectrum, U.S. clinical nutrition market is divided into child and adult, of which the latter segment was valued at USD 4.8 billion in 2019 and is projected to accrue substantial revenue over the forecast period. Sedentary lifestyle is the prevalent factor affecting the health of majority of adults in the nation. The U.S. Department of Health & Human Services reported that less than 5% of American adults participate in at least 30 minutes of physical activity per day. In addition, not only do American consumes calories well above the recommended levels but also have less intake of vegetables, fruits, dairy products, and whole grains.
Unhealthy lifestyle choices of American adults and the consequent surge in cases of chronic diet-related disorders, cardiovascular diseases, high blood pressure, type-2 diabetes, cancer, and poor bone health are driving the demand for adult nutrition supplements across the United States.
Major players in U.S. clinical nutrition market are B. Braun Melsungen AG, Abbott Laboratories, Baxter International Inc., Fresenius Kabi, Danone, Hospira, Nestle, Mead Johnson, and Perrigo.