Ready to Use Therapeutic Food Market: Growth, Future Prospects & Competitive Analysis, 2016 – 2023
Therapeutic foods are generally produced for nutritional and therapeutic purposes in the form of dietary supplements. These are made up of carbohydrate, protein, minerals, vitamins and lipids. The therapeutic foods are generally produced by crushing all ingredients together as well as mixing them. Its core function is that it is utilized for emergency feeding of malnourished children which is escalating its demand all across the globe.
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The global ready to use therapeutic food market is growing at a significant rate and is expected to attain significant growth over the forecast period till 2023. Rising government emphasis in order to cure malnutrition along with increasing population and health consciousness is anticipated to bolster the growth of read to use therapeutic food market over the forecast period.
At present, North America region captured the maximum share in revenue of ready to use therapeutic food market and is anticipated to dominate over the forecast period. The cost effective accessibility of raw materials in Asia Pacific region is likely to foster the growth of ready to use therapeutic food market in the region over the forecast period.
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The global ready to use therapeutic food market is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Global Ready to Use Therapeutic Food market is segmented on the following bases:
• By Type of Products
Semi-Solid Paste, Drinkable Therapeutic Food, Solid
• By Geography
o North America
o Asia Pacific
o Rest of World
Key Players Identified Across the Value Chain in the Ready to Use Therapeutic Food Market include but are not limited to:
Hilina, Edesia USA, Nutriset SAS, Power Foods Tanzania, NutriVita Foods, Compact AS, Mana Nutritive Aid Products, Tabatchnik Fine Foods, InnoFaso, and others.
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