Global Ready-to-use Therapeutic Food and Supplementary Food (RUTF & RUSF) Market is projected to clock 8.6% CAGR from 2017 to 2025
Players in the global ready-to-use therapeutic food and supplementary food market are expected to create new scope and opportunities in order to continue dominating. Key players in the market are constantly pumping in hefty amount of money behind research and development in order to enhance their product and expand their product portfolio. Players in the market are trying to stretch footprints by improving products. This is likely to make them retain and improve their market position. Few key players in the market are Tabatchnik FineFoods, Diva Nutritional Products, GC Rieber Compact AS, Kaira District Cooperative, Nuflower Foods and Nutrition Pvt., GC Mana Nutritive Aid Products.
The global
ready-to-use therapeutic food and supplementary food market is predicted to
rise at robust CAGR rate of 8.6% during the forecast period 2017 – 2025. The
market which was valued at US$ 429.9 mn by the end of 2017, is likely to be
valued at US$829.3 mn by 2025. On the basis of product, the ready-to-use
therapeutic food (RUTF) is segregated into solid, paste, and drinkable. On the
basis of ready-to-eat-supplementary food (RUSF) is divided into solid and
paste. When combined, RUTF segment assuaged demand for over 70% in 2017. This
segment is likely to dominate by the end of the tenure period. On the basis of
geography, Europe alone held a demand for 54.3% in the world.
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Rising
Government Concerns to Handle Malnutrition to Foster Market Growth
One of the
major reason that is driving the RUTF and RUSF market is increasing cases of
malnutrition children and adults all across the world. Extreme poverty and
intake of cheap quality of food products are likely to favor the growth of the
market. Various government initiatives undertaken to deal with constant growing
malnutrition cases around the world will help particularly the market in the
developing region grow. Increasing number of schemes by government to help to
feed people below poverty line is boosting the market to grow. It has been
noted that developing countries are biggest victims when it comes to
malnutrition cases. Government in these countries are trying to increase
awareness regarding the adverse effect one can have due to malnutrition.
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Increasing Number of NGOs and
Injuries to Favor Market Growth
Another
factor that is acting as a pillar in supporting the growth of the global market
is the rise in number of NGOs in all corners of the world. NGOs across the
world are continuously trying to slacken the rate of malnutrition by providing
the RUSF and RUTF to the one in need. This is expected to increase the demand.
However, it has been duly noted that rising demand for local ingredients by
consumer and government coupled with rising contamination rates is
prognosticated to hinder market growth.
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