Changing Market Dynamics of Global Ready to Use Therapeutic Food Industry by 2026
New York, NY -- (SBWIRE) -- 09/09/2016 -- Malnutrition is projected to contribute to more than one-third of child deaths all over the world over the coming few years. Deficiency of access to highly nutritious food is one of the major cause of malnutrition. The practices of poor feeding along with insufficient breastfeeding all contributing to malnutrition. The ready to use therapeutic food has transformed the treatment of severe malnutrition by providing foods that are secure and safe for utilizing at home and affirm rapid weight gain in malnourished children. It is a food that is formulated for treating children between 6 and 59 months. The ready to use therapeutic food is based on peanut butter mixed with dried skimmed milk and minerals and vitamin, which can be consumed directly by a child and thus provides significant consumption for complete recovery from malnutrition. The ready to use therapeutic food has gained traction especially in African region such as Nigeria where the problem of food is at a significant pace. The ready to use therapeutic food market is anticipated to foreseen significant CAGR over the period 2016-2026.
Rising problems of malnutrition all over the world is anticipated to bolster the growth of global Ready to Use Therapeutic Food market in future. The advent of a new class of customers, as well as the entry of various new global companies, is expected to intensify the growth of Ready to Use Therapeutic Food market all across the globe during the forecast period. Besides this, rising awareness about the therapeutic food all across the globe is also one of the factors anticipated to expand the growth of ready to use therapeutic food market over the forecast period.
The Global Ready to Use Therapeutic Food market is segmented on the basis of ready to use therapeutic biscuits and paste. The contribution of paste segment have observed robust growth over the past few years and is likely to grow at a rapid pace in future. The global ready to use therapeutic food market is also segmented on the basis of price range such as premium, mid and low. The ready to use therapeutic food is further bifurcated on the basis of an organizational structure such as organized and unorganized market. The ready to use therapeutic food market is further subdivided on the basis of types such as ready to use supplementary food, ready to use complementary food, fortified blended food and ready to use therapeutic food for HIV patients. The ready to use therapeutic food is also divided on basis of form such as a solid and liquid form.
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Geographically, the Global Ready to Use Therapeutic Food industry can be divided into major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. The Middle East and Africa contributed the highest share of the total market of ready to use therapeutic food in 2015. Latin America is anticipated to gain popularity in terms of demand for therapeutic food during the projected period due to rising problems of malnutrition.
Some of the key vendors identified across the value chain of the global Ready to Use Therapeutic Food market include Nutriset, Tabatchnick Fine Foods and Diva Nutrition Products, Compact AS, Hilina, MFK, Valid Nutrition and others. The ready to use therapeutic food market is highly dominated by Nutriset and its plumpy nut product capturing more than 50% of total global ready to use therapeutic food sales in 2015. The company is likely to expand its share over the next few years. More companies are anticipated to enter into manufacturing of such products in future.
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