The global medical foods market is projected to grow to USD 27,900 million by 2029, at a CAGR of 5.4%, according to a report by Valuates Reports. The market was valued at USD 18,770 million in 2022. Factors driving the growth of the medical foods market include increasing incidence rates of communicable and non-communicable diseases, focus on dietary control, growing senior population suffering from chronic and neurogenic conditions, particular meals to treat chronic illnesses, and increasing product launch activities. The report found the Asia Pacific region is expected to have the fastest expanding market due to the rising number of cancer and diabetes patients. Major companies in the market include Danone, Nestle, Abbott, and Medtrition.
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