February 06, 2015
Wellesley, Mass., February 4, 2015 –BCC Research (www.bccresearch.com) reveals in its new report on ethical nutrition that the increasing numbers of adults requiring ethical nutritional therapy and the rising opportunities in the rest of world markets, has created a renewed interest in this market. In fact, this market has continued to grow despite the economic downturn and uneven recovery since 2008.
In 2014, the market reached $37.1 billion at manufacturers’ sales levels. The developing number of elderly and critically ill, along with a shift toward home care and increasing inroads into developing countries has continued to fuel growth. By 2019, it is anticipated that revenues will likely reach $58.2 billion, expanding at a compound annual growth rate (CAGR) of 9.4%. The infant formula segment will account for approximately 54.5% of total revenues by 2019.
The global market for ethical nutrition in healthcare is distinguished by the infant formula market, the enteral formula market, and the parenteral formula market. “Even though there are different products and methods distinguishing each category, the common thread they all share is to provide nutrition,” says BCC Research analyst Mary Anne Crandall. “The impact of managed care and demand for cost-effective healthcare dramatically has changed the structure of this market and has altered significantly the strategies that companies use to survive and succeed.”
U.S. and Global Markets for Ethical Nutrition in Healthcare identifies products and manufacturers that are operating in the market and analyzes the changing environment of ethical nutrition. Issues and trends that are shaping the market are addressed, along with future trends and opportunities in ethical nutrition.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.
U.S. and Global Markets for Ethical Nutrition in Healthcare( FOD029E )
Publish Date: Dec 2014
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.