Medical Foods in Diabetes Management: A Market Perspective The Global Medical Food industry reached USD 20,721.9 million in 2019. Demand for Medical Food registered a 5.4% Compound Annual Growth Rate from 2019 to 2023, indicating that the global industry would reach USD 27,351.0 million in 2024. Over the projection period (2024 to 2034), global sales of Medical Food are expected to exhibit a 6.2% CAGR, ultimately totaling a sales value of USD 49,913.5 million by the end of 2034. The Global Medical Food Industry is expected to grow robustly within the forecasted period, driven by the increase in demand for nutritional alternatives for treating different ailments. It comprises basal, amino acid, vitamin/mineral, dietary supplements, neuronal, lipid medical foods and so on. These products are aimed at preventing and treating nutrition-related diseases including malnutrition, gastrointestinal and genetic disorders. Most players in the market are global conglomerates however there are some niche regional players and start-ups who are bringing in new strategies which transform the market. Influence also comes from research & development initiatives that carry on growing within the industry to create better medical foods. Changing consumer preferences and consumer behavior constantly shapes the Global Medical Food Industry. Also, industry development and marketing of medical foods are governed by strict rules and guidelines so that the medical foods do not compromise the health of the patients. Read More: https://www.futuremarketinsights.com/reports/medical-food-market