The major manufacturers in India are developing and releasing cutting-edge and revolutionary medical nutrition items, which is anticipated to propel the market's expansion. For instance, Nutricia International Pvt. Ltd. (Danone India) introduced new ProtinexLite in February 2019 with a nutrition formulation that comprises 27 essential nutrients, a low GI, zero sugar, and high fibre. This product is designed specifically for adults. Malnutrition risk is rising due to the rising prevalence of chronic diseases like diabetes, chronic renal disease, and others, which is anticipated to fuel the expansion of the Indian medical nutrition market. Chronic kidney disease affected 8% to 17% of the population overall in 2019, according to a report released by the Department of Nephrology at Opal Hospital in Uttar Pradesh, India. Due to the introduction of new protein products, the Proteins segment among nutrition types is anticipated to lead sector growth in the medical nutrition market in India. Over the course of the projection period, leading players are anticipated to launch an increasing number of new products, fueling market expansion.
The Coherent Market Insights estimates that over the forecast period (2021-2028), the India Medical Nutrition Market is anticipated to grow at a CAGR of 8.6%, reaching an estimated market value of US$ 404.1 million in 2021.
Top Companies in the India Medical Nutrition Indusrty:
1. GlaxoSmithKline plc,
The company was established in 2000, and London, England serves as its headquarters. GSK creates medications for conditions like diabetes, cancer, worms, and mental health. Three unsolicited proposals to purchase Unilever's Consumer Healthcare sector were received by the company in January 2022, according to the report. In November 2022, GSK published upbeat Phase IIa research findings for a brand-new, ground-breaking prospective therapy for tuberculosis patients.
2. Sun Pharmaceutical Industries Ltd.
Sun Pharmaceuticals, a company founded in 1983, is based in Mumbai. The business develops and sells active pharmaceutical ingredients and pharmaceutical formulations. Sun Pharma will release Palbociclib, a groundbreaking targeted drug for advanced breast cancer, in January 2023 along with a unique Patient Support Programme. Sun Pharma introduced their brand of vortioxetine in India in March 2022 thanks to a sole patent licencing from Lundbeck.
3. BASF
The business was established in 1865, and its head office is in Ludwigshafen, Germany. The corporation's six business segments are polymers, plastics, performance goods, useful solutions, agricultural solutions, and petroleum and natural gas. The expansion of BASF's polymer dispersions production facility in Daya Bay, China, was announced in March 2023. Through R&D innovation and a commitment to a sustainable lifestyle, BASF produced healthy beauty in February 2023.
4. Abbott Laboratories
The company was started in 1888 and is based in Chicago, Illinois, United States. The business finds, creates, produces, and markets a diverse range of healthcare goods and services. Pharmaceuticals, nutritional, diagnostic, and vascular items are among the offerings of the company. Lingo, a series of consumer biowearable sensors that collects a variety of biological measurements to optimise exercise and dietary plans, was released by Abbott in January 2022.
5. Baxter international Inc.
The company was founded in 1931 and is based in Illinois, United States. The business creates, produces, and sells goods and technologies for treating renal illness, trauma, immunological disorders, infectious diseases, haemophilia, and other acute and chronic medical ailments. The purchase of Hill-rom by Baxter for $12.4 billion was announced in September 2021.For $12.5 billion, the purchase was finalised in December 2021.
6. B. Braun Melsungen
The company was founded in 1839 and has its main office in Melsungen, Germany. The business sells instruments, trocar systems, ligation clips, light sources, anaesthesia tools, electrosurgical, suction, and equipment for wound closure, blood glucose monitoring, and insulin injection. In March 2022, B. Braun acquired Intermedt Medizin & Technik GmbH, a leader in the development of dialysis concentrates.
7. Nestle S.A.
The company was started in 1866 and is based in Vevey, Switzerland.
The international packaged food firm Nestle S.A. produces and sells a variety of food items. The company's product line includes pet meals, bottled water, milk, chocolate, candy, coffee, creamer and food flavouring.
*Definition: Certain chronic illnesses, including diabetes, obesity, constipation, malabsorption, maldigestion, etc., are managed well in part thanks to medical nutrition. Additionally, it promotes a healthy lifestyle, increases food intake and appetite, lessens the chance of vitamin deficiencies and other health problems, and helps to maintain a healthy lifestyle.
