SEATTLE–(BUSINESS WIRE)–Feb 25, 2019–According to Coherent Market Insights, the global elderly nutrition market was valued at US$ 17,453.5 million in 2017, and is projected to exhibit a CAGR of 6.6% over the forecast period (2018 – 2026).
Key Trends and Analysis of the Elderly Nutrition Market:
Increase in geriatric population who are susceptible to chronic diseases and neurological diseases, lack of nutritional intake through food, increasing incidences of organ dysfunction, weakness, sarcopenia, low immunity due to aging, and osteoporosis associated with elder women are some of the major factors boosting growth of the elderly nutrition market.
Market players are actively investing in research for developing novel materials for management of elder’s nutrition. Moreover, the players are committed to offer new and improved products in order to address the critical unmet needs of elder’s nutrition. For instance, in April 2018, Abbott launched Ensure Max Protein for elderly aged above 50 years. Ensure Max Protein consists of nine essential amino acids, 22 vitamins, minerals, and antioxidants such as vitamin C, vitamin D, vitamin E.
Moreover, key players operating in the market are focused on adopting acquisition strategies in order to gain access to innovative products and expand its product offerings in the potential markets. For instance, in September 2018, Givaudan acquired Naturex, a company which has strong product portfolio in nutrition, health and others. This acquisition will strengthen Givaudan’s to expand its portfolio and capabilities in natural solutions.
However, high risk associated with parenteral therapy such as refeeding syndrome, liver dysfunction, and cost burden due to medical supervision are expected to hinder the market growth. According to Journal of Gastroenterology and Hepatology, December 2013, around 4% of cases of refeeding syndrome were registered due to parenteral nutrition in the U.K.
To know the latest trends and insights prevalent in this market, click the link below:
Key Market Takeaways:
View source version on businesswire.com:https://www.businesswire.com/news/home/20190225005326/en/
CONTACT: Mr. Shah
Coherent Market Insights
1001 4th Ave.
Seattle, WA 98154
INDUSTRY KEYWORD: SENIORS HEALTH FITNESS & NUTRITION CONSUMER
SOURCE: Coherent Market Insights
Copyright Business Wire 2019.
PUB: 02/25/2019 03:21 AM/DISC: 02/25/2019 03:21 AM