PRTODAY / NewswireToday Free press release distribution service network

More news: Food/Culinary
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Untapped Asia-Pacific Market Brightens Prospects for Medical Food Manufacturers Finds Frost & Sullivan - As health consciousness and expenditure, life expectancy, and disease incidence rates rise, so does interest in medical foods - Frost.com
Untapped Asia-Pacific Market Brightens Prospects for Medical Food Manufacturers Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Kuala Lumpur, Malaysia, 2014/12/03 - As health consciousness and expenditure, life expectancy, and disease incidence rates rise, so does interest in medical foods - Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Food/Culinary Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Medical foods are often confused with dietary supplements and functional foods that are neither targeted for specific disease conditions nor require medical supervision for product administration. While regulations in the United States (US) and Europe clearly defined medical foods, those in other parts of the world are still under development. Recently, however, medical foods have begun to be regulated in Australia and New Zealand (ANZ) through Standard 2.9.5 of the Food Standards Code, urging other markets to improve their regulatory environment. With strong regulatory efforts under way, the Asia-Pacific (APAC) region holds huge untapped market potential. To penetrate the market, participants must have a robust R&D set-up, invest in regional product differentiation, and focus on product innovation.

New analysis from Frost & Sullivan, Global Medical Foods Market, finds that the global medical foods market earned revenues of US$9.36 billion in 2013 and estimates this to reach US$13.34 billion in 2018. The study covers the application segments of critical care and trauma as well as oncology, diabetes, metabolic, digestive, immune, cardio-vascular, musculo-skeletal, and cognitive and CNS health.

Growing healthcare expenditure and rising public health consciousness are driving the global medical foods market. With life expectancy, along with disease incidence rates also going up, the cohort of people receiving medical attention is expanding, boosting the volume base of the medical foods market.

“Interest in clinical nutrition as a means to treat diseases is gaining pace, fuelling the demand for medical foods in many countries,” said Frost & Sullivan Chemicals, Materials & Food Senior Research Analyst Aparna Balasubramanian. “While diabetes, oncology and metabolic health are currently the most significant application areas, immune and cardiovascular health are promising segments for future growth.”

However, drug-based therapies are still the dominant form of disease treatment and supplementing them with medical nutrition is yet to gain prominence in many parts of the world. Low medical adherence among patients is also a challenge. In particular, medical foods for non-fatal diseases such as diabetes are ignored by many sections of the population. Comparatively, compliance in the usage of medical foods for life-threatening conditions such as cancer is higher.

Another challenge for market participants in many developing countries other than the Philippines and Vietnam is physician’s sub-optimal awareness on medical nutrition’s ability to accelerate recovery or augment the well-being of patients. Once manufacturers start focusing on building physician and end-user awareness on medical foods, the market will inch towards its true value.

“The global medical foods space is well-consolidated, with the top few participants holding a majority of the market share partly due to the prevalence of regional participation in the US, Europe and Asia,” noted Balasubramanian. “The leading medical food manufacturers have been engaging in R&D, which is driving advances in food technologies and increasing the number of disease targets for medical foods.”

Global Medical Foods Market is part of the Chemicals & Materials Growth Partnership Service program. Frost & Sullivan’s related studies include: ANZ Nutraceuticals Market, Functional Beverages Market in ANZ, Global Omega-3 Pharmaceutical Market, and Global Animal Feed Ingredients Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on “the next big thing" | Register: Gain access to visionary innovation

Global Medical Foods Market / P851-39

Contact: Melissa Tan - Corporate Communications Asia Pacific
P: +65 6890 0926 / F: +65 6890 0999 - E: melissa.tan[.]frost.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Food/Culinary Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Food/Culinary articles,
CATCH Visitors via Your Competitors Announcements!


Untapped Asia-Pacific Market Brightens Prospects for Medical Food Manufacturers Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan | Medical Foods Market
Publisher Contact: Donna Jeremiah / Carrie Low - Frost.com 
+61(2) 8247 8927 / +603 6204 5910 djeremiah[.]frost.com / carrie.low[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Food/Culinary via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Food/Culinary Most Recent Related Newswires:

DSM Presents its Latest Innovations At EuroTier 2016
Barry Callebaut Group Announces Expansion Plans for U.S. West Coast Facility
Barry Callebaut Expands Chocolate Manufacturing Facility in Singapore
Barry Callebaut Celebrates Grand Opening of its First Chocolate Factory in Indonesia
Frost & Sullivan Recognizes Quintiq as A Leader in Supply Chain for the Food & Beverage Industry
Barry Callebaut and Prova to Launch Joint Project Empowering Vanilla Farmers
Barry Callebaut Joins the 25 Most Sustainable Listed Companies in Switzerland
Barry Callebaut to Extend Strategic Supply Partnership with Mondelēz International in Belgium
Australian Native Food Harvest - A Guide for the Passionate Cook and Gardener Published
Barry Callebaut, IFC, and the IDH Partner to Provide Credit for ‘Productivity Packages’ to Farmers and Co-operatives
Barry Callebaut Opens New, Relocated CALLEBAUT® CHOCOLATE ACADEMY Center in Mumbai
Barry Callebaut and Tony’s Chocolonely Sign Strategic Partnership Agreement to Produce Chocolate from Fully Traceable Sustainable Cocoa
DSM Launches New Cultures for Low-fat Cheese
Barry Callebaut Group Enhances Efforts for Signature Cocoa Horizons Sustainability Programme in Ghana
Mya Zeronis Publishes Eat Slowly, Move Fast: 98-Pound Chef's Cookbook

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)