HYDERABAD, India, September 30, 2016 /PRNewswire/ --
Mordor Intelligence announces the publication of their research report on the clinical nutrition market. The report titled, "Global Clinical Nutrition Market-Trends, Growth and Forecast," discusses the current landscape and outlook of the said market.
The global clinical nutrition market is estimated to be USD 41.7 billion in 2016 and is expected to reach USD 57.8 billion by 2021, growing at a CAGR of 6.71% during the forecast period. The report is an amalgamation of the current market scenario, its prospects and forces driving and restraining the market growth. The report highlights the North American, European, Asia-Pacific, Latin American, and Middle East & African markets.
Despite of falling birth rates in major economies, the infant nutrition market is witnessing considerable growth because of increasing adoption of packaged milk in developed as well as emerging economies. High adoption of infant nutrition is expected to be seen in Asia Pacific countries in coming five years.
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The market for clinical nutrition can be segmented based on end users such as Infants (milk based products, soy based products, organic products, probiotic/ prebiotic products, and other infant products), Child, Adult and Geriatrics; route of administration (parenteral, enteral and oral) and by geography (North America, Europe, Asia-Pacific and Rest of the World).
Increasing number of working mothers in developing countries and improving disposable incomes are major driving factors fueling the growth of the market. The Middle East market is expected to experience highest growth rate in coming five years, while in terms of value, Asia Pacific region will hold largest amount. Declining birth rates in European regions will result in slow growth rate whereas, increasing growth rate in some of the APAC and Latin American countries will result in increasing growth rate in coming five years.
The leading companies that dominate the infant nutrition market are Nestle, Mead Johnson Nutrition, DANONE, Meiji Holdings Co. Ltd, Abbott Nutrition, The Kraft Heinz Company, Friesland Campina, Beingmate Baby & Child Food Co.Ltd., Pfizer and Others.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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SOURCE Mordor Intelligence