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The Global Ready-to-Use Therapeutic Food Market Size is valued at USD 538.45 Million in 2023 and is predicted to reach USD 1,298.89 Million by the year 2031 at an 11.85% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The demand for ready-to-use therapeutic food is expected to rise due to the increasing number of initiatives to combat malnutrition, both by the government and non-governmental organizations.
- Investing in creating new raw materials and producing finished food items are considered driving forces in the market's growth.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- The rising preference for local components by the government is expected to slow the expansion of the RUFT industry.
Ready-to-use therapeutic food (RUTF) is convenient to consume, doesn't need to be refrigerated, is inexpensive, and has a long shelf life. This tool helps youngsters live healthier lives while also saving money. The market for ready-to-use therapeutic food is expected to rise as more cases of malnutrition are reported across the globe. The market for ready-to-use therapeutic food is anticipated to expand due to increasing consumer demand for liquid RUTF products. Due to the difficulty of feeding newborns RUTF paste to treat malnutrition, the need for consumable RUTF products such as therapeutic milk is predicted to increase. Therefore, infants have a high demand for drinkable RUFT products, which in turn is boosting the market growth for ready-to-use therapeutics. The market for RUTF is anticipated to benefit from the increasing focus of manufacturers on introducing bars and biscuits RUTF products.
Furthermore, many producers are concentrating on manufacturing RUTF products in powder form, opening up a significant window of opportunity for producers to increase their market share. Uncertainty in RUTF milk products, the possibility of microbiological contamination, and the lack of precise commodity requirements in the Codex Alimentarius for therapeutic milk by UNICEF are all anticipated to restrain the market's expansion for RUFT.
Market Segmentation:
The ready-to-use therapeutic food market is segmented on the product. Based on product, the market is segmented into solid products (powder or blends and biscuits or bars), semi-solid products or paste, and drinkable therapeutic food.
Based on product, the semi-solid paste segment is a significant contributor to the ready-to-use therapeutic food market.
The market share that belongs to semi-solid paste products is the largest. Because semi-solid products don't need water to be blended with them, and that contaminated water is frequently found in remote areas and can cause some illnesses, they are in great demand. To address the demand for more undernourished youngsters, businesses are expanding their product ranges and developing semi-solid paste. Companies are working to create new, inexpensive goods that offer superior nutrition.
Europe's ready-to-use therapeutic food market holds a significant revenue share.
The Europe ready-to-use therapeutic food market is expected to register the highest market share in revenue soon due to the region's extensive production by reputable manufacturers who provide other regions with the goods. Several European regional businesses focus on increasing their production capacity while also delivering RUTF to UNICEF and other NGOs. Besides, the Asia Pacific is accounted to experience significant growth in the global market for therapeutic ready-to-eat foods. During this period, the regional market is anticipated to increase due to the government's escalating efforts to eradicate malnutrition in the countries.
Competitive Landscape
Some major key players in the Global Ready-to-Use Therapeutic Food Market:
- GC Rieber Compact AS,
- Diva Nutritional Products,
- Edesia USA,
- Hilina,
- InnoFaso,
- Insta Products,
- Mana Nutritive Aid Products,
- Nutriset SAS,
- NutriVita Foods,
- Power Foods Tanzania
- Tabatchnik Fine Foods.
Global Ready-to-Use Therapeutic Food Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 538.45 million |
|
Revenue Forecast In 2031 |
USD 1,298.89 million |
|
Growth rate CAGR |
CAGR of 11.85% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Product Type |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
GC Rieber Compact AS, Diva Nutritional Products, Edesia USA, Hilina, InnoFaso, Insta Products, Mana Nutritive Aid Products, Nutriset SAS, NutriVita Foods, Power Foods Tanzania, and Tabatchnik Fine Foods. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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