What Is the Projected Growth of the Global Oncology Nutrition Market?
The oncology nutrition market size has seen impressive growth in recent years, escalating from $1.9 billion in 2024 to a projected $2.1 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.5%. This growth in the historic period can primarily be attributed to factors including an aging population, improved healthcare infrastructure, increased investments in research and development, a focus on patient-centric care, and a rise in healthcare spending.
The market is expected to continue its robust growth, reaching an estimated $3.06 billion in 2029 at a CAGR of 9.9%. The growth in the forecast period can be traced to increasing cancer incidence, amplified demand for nutritional food, a surge in clinical trials globally, and rising disposable income. Emerging trends in the forecast period include personalized nutrition, immuno-nutrition, genomic nutrition, integrative medicine, and value-based care.
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What Factors Are Fueling the Growth of the Oncology Nutrition Market?
The growth of the oncology nutrition market is significantly contributed by the increase in the prevalence of cancer. The rise in new cancer cases over a period increases the demand for oncology nutrition since people suffering from cancer require a well-balanced diet rich in nutrition. For instance, according to the American Cancer Society, the incidence of cancer escalated to 1,958,310 in 2023 from 1,898,160 in 2021, indicating a growth of 3.16%. Hence, the rising incidence of cancer is expediting the growth of the oncology nutrition market.
What Are the Key Segments in the Oncology Nutrition Market?
The oncology nutrition market covered in this report is segmented according to the following categories –
1) By Cancer Type: Blood Cancer, Breast Cancer, Stomach and Gastrointestinal Cancers, Liver Cancer, Pancreatic Cancer, Other Cancer Types
2) By Nutrition: Enteral Nutrition, Parenteral Nutrition
3) By End-Users: Hospitals, Homecare, Specialty Clinics, Other End Users
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Who Are the Major Players in the Oncology Nutrition Market?
Key companies operating in the oncology nutrition market include B. Braun Melsungen AG, Danone India, Abbott Laboratories, Nestle S.A., Hormel Foods Corporation, Meiji Holdings Co. Ltd., Pfizer Inc., Baxter International Inc., Mead Johnson Nutrition Company LLC, Fresenius Kabi AG, Mead Johnson & Company LLC, Global Health Products Inc., Nutricia, Cambrooke Therapeutics Inc., Kate Farms Inc., Real Food Blends LLC, Abbott Nutrition, Fresenius Kabi USA LLC, Medtrition Inc., Nutra Balance Products, Nutritional Medicinals LLC, Pinnacle Foods Inc., Primus Pharmaceuticals Inc., Solace Nutrition, The Simply Good Foods Company, Unimed Pharma LLC, Vitaflo USA LLC.
What Are the Emerging Trends in the Oncology Nutrition Market?
Prominent companies in the oncology nutrition market are concentrating on developing innovative solutions such as nutrition for cancer patients to enhance treatment outcomes, bolster immune function, manage treatment-related side effects, and improve the overall quality of life during and after cancer therapy. For instance, AEACAP, a Spain-based Patients Support Association, launched a new nutrition series in June 2024 to support cancer patients and their caregivers.
Which Region Is the Fastest Growing in the Oncology Nutrition Market?
North America was the largest region in the oncology nutrition market in 2024, while Asia-Pacific is projected to be the fastest-growing region in the forecast period. The regions featured in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Oncology Nutrition Market Report 2025 Offer?
Oncology nutrition refers to the practice of following a healthy, balanced diet prescribed for a cancer patient. It helps patients feel better and stay stronger both during and after treatment. Oncology nutrition can significantly improve clinical outcomes in certain cancer types. The Oncology Nutrition Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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