What is Global Food for Special Medical Purpose (FSMP) Market?
The Global Food for Special Medical Purpose (FSMP) Market is a unique sector within the broader food industry. It specifically caters to individuals who have specific dietary or nutritional needs due to certain medical conditions. These foods are specially formulated and intended for the dietary management of diseases, disorders, or medical conditions where the patient has been medically evaluated and determined to require nutritional support or a specific diet. The FSMP market is not just about providing food, but about providing the right kind of food that can help manage or even alleviate certain medical conditions. It's about creating a balance between the science of nutrition and the art of food preparation to ensure that patients get the nutrition they need in a form that they can consume and enjoy.
Complete Nutrition, Disease Specific Nutrition, Incomplete Nutrition in the Global Food for Special Medical Purpose (FSMP) Market:
The Global Food for Special Medical Purpose (FSMP) Market is divided into three main categories: Complete Nutrition, Disease Specific Nutrition, and Incomplete Nutrition. Complete Nutrition refers to foods that are formulated to provide all the necessary nutrients for a person in a single product. These are often used for patients who are unable to consume regular food due to medical conditions. Disease Specific Nutrition, on the other hand, refers to foods that are specially formulated to manage specific diseases or conditions. These foods are designed with specific nutrients or ingredients that can help manage the symptoms or progression of certain diseases. Lastly, Incomplete Nutrition refers to foods that are not intended to be the sole source of nutrition but are used to supplement a person's diet. These are often used for patients who can still consume regular food but need additional nutrients that they cannot get from their regular diet.
Infants & Young Children, Adult, The Old in the Global Food for Special Medical Purpose (FSMP) Market:
The Global Food for Special Medical Purpose (FSMP) Market is used in various areas such as Infants & Young Children, Adults, and The Old. For Infants & Young Children, FSMPs are often used to manage conditions such as food allergies, metabolic disorders, or failure to thrive. These foods are specially formulated to provide the necessary nutrients for growth and development while avoiding ingredients that can trigger allergic reactions or exacerbate the child's condition. For Adults, FSMPs are often used to manage chronic diseases such as diabetes, heart disease, or kidney disease. These foods are designed to provide the necessary nutrients while limiting ingredients that can worsen the patient's condition. For The Old, FSMPs are often used to manage conditions associated with aging such as osteoporosis, dementia, or malnutrition. These foods are formulated to provide the necessary nutrients for maintaining health and preventing disease progression while considering the unique dietary needs and preferences of older adults.
Global Food for Special Medical Purpose (FSMP) Market Outlook:
The global Food for Special Medical Purpose (FSMP) market has shown significant growth over the years. In 2022, the market was valued at US$ 13100 million and is expected to reach US$ 19530 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period of 2023-2029. The market is dominated by the top five manufacturers who hold about 65% of the market share. Geographically, North America holds the largest market share of about 45%, followed by Asia-Pacific with a share of about 30%. In terms of product categories, Incomplete Nutrition holds the largest segment with a share of about 65%. This data reflects the growing recognition of the importance of specialized nutrition in managing various medical conditions and the increasing demand for these products in different parts of the world.
| Report Metric | Details |
| Report Name | Food for Special Medical Purpose (FSMP) Market |
| Accounted market size in 2022 | US$ 13100 in million |
| Forecasted market size in 2029 | US$ 19530 million |
| CAGR | 5.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Nestle, Danone Nutricia, Abbott, Bayer, MeadJohnson, Ajinomoto, BOSSD, LESKON, EnterNutr |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
