Parenteral Nutrition Market to Reach Worth USD 28.2 Bn by 2022

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

The global parenteral nutrition market is anticipated to cross the 6 Bn mark by 2022. Growing prevalence of malnutrition and chronic conditions along with escalation in the geriatric population pool have key impact on driving this market. Additionally, perpetual growth in birth rates and premature births will also further support the growth of this market. Growing awareness about parenteral nutrition through government and non-profit channels has allowed growth in demand for clinical nutrition in the global patient population, and consequently parenteral nutrition products.

High prevalence of chronic condition such as cancer is expected to promote the use of parenteral nutrition through chemotherapy sessions since this treatment mode leads to critical loss of nutrition, appetite and energy. Parenteral nutrition efficiently addresses these issues in chemotherapy patients and patients with other chronic conditions where oral nutrition is not possible or is not sufficient. Parenteral nutrition effectively overcomes the risk of dietary imbalance thus adding to growth in its demand. However, being an invasive process, risks of infection during administration and reporting of such instances may hold back the growth of this market to a minor extent.

North America and Europe together take approximately 45% of the global market share. Introduction of novel parenteral nutrition solutions for pediatric patient group is the most prominent trend in this market. Products for geriatric patient group are also in high demand corresponding to the growth in number of this population group. Asia-Pacific and Middle East and Africa are the fastest growing regional markets for parenteral nutrition products. High prevalence of malnutrition is the key driver for parenteral nutrition market in these regions. The number of low- and middle-income countries in Asia-Pacific and Middle East and Africa is high as against other parts of the world. Moreover, it is observed that the reported malnutrition during pregnancy and in children demonstrate higher numbers in Middle East and Africa. Based on such factors organizations such as the UN and local governments have initiated intensive awareness and aid programs to overcome the issue of malnutrition and associated mortality.

Expansion of product portfolio through introduction of novel products is a key trend observed in the parenteral nutrition market. Entry in untapped markets of Asia-Pacific and Africa forms one of the major strategies of the global market players. Some of the key players in the global parenteral nutrition market include Grifols International SA, Otsuka Pharmaceutical Factory, B Braun Melsungen AG, Baxter International, Fresenius Kabi and others.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Parenteral Nutrition contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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