Medical meals are custom-made liquid solutions created with the sole purpose of curing persons suffering from various illnesses. Professional provide the designed meal to people suffering from various illnesses. It is a specially prepared diet that provides patients with adequate nutrients. Medical meals are created to treat children’s malnutrition and inborn metabolic errors.
As of 2022, the U.S. Medical Foods Market is estimated to be valued at U.S.$ 19,067.9 Million and is expected to exhibit a CAGR of 17.1% during the years (2022-2030)
Top Companies in the U.S. Medical Foods Industry:
1) Yakult Honsha Company Ltd.
Yakult Honsha Company Ltd. is a Japanese company is a multinational corporation that sells various products using industrial lactic milk. Its flagship product is Yakult. The company regularly promotes what the Financial Times called its “idiosyncratic philosophy of ‘Shirota-ism’”, namely that the company should sell its products at an affordable price. The company was founded in the year 1955, and the headquarters are located in Minato-ki, Tokyo, Japan. The company was founded by Minoru Shirota.
As of March 2023, Yakult Honsha has announced it has launched the Yakult Global Sustainability Website to introduce Yakult Group’s sustainability-related initiatives to its stakeholders in Japan and Abroad.
2) Meiji Holdings Company Ltd.
Meiji Holdings Company Ltd. is a Japanese holding company, established after the stock transfer from Meiji Seika and Meiji Dairies and is the fourth largest confectionery company in the world. The company was founded in the year 2009, and the headquarters are located in Kyobashi Nichome, Chuo, Tokyo, Japan.
3) ExeGi Pharma
ExeGi Pharma is a biotechnology company focused on the development and commercialization of live biotherapeutics and probiotic medicines. The company was founded in the year 2014, and the headquarters are located in Rockville, Maryland. The company’s specialties include microbiome, biotechnology, probiotics, Medical food etc.
In Jan 2023, the company announced that the FDA cleared its investigational New Drug application for its biologic drug candidate, EXE-346. The clearance allows the company to initiate a clinical trial for patients with an ileal pouch-anal anastomosis who experience excessive stool frequency.
4) Abbott Laboratories
Abbott Laboratories is a medical device and health care company based in America. It was founded in the year 1888 by Wallace Calvin Abbott. The headquarters are located in Abbott Park, Illinois, U.S. The company sells medical devices, branded generic medicines and nutritional products. Abbott’s products include MitraClip, FreeStyle Libre, Pedialyte, Ensure.
In January 2022, the company introduced Lingo, which is a line of consumer bio wearable sensors known to collect a range of biological reading to optimize exercise and nutrition regimens.
5) Nestle S.A.
Nestle S.A. is a Swiss multinational food and drink processing company. The headquarters are located in Vevey, Vaud, Switzerland. The company was founded in the year 1866. Products manufactured include baby food, cereals, dairy products, ice cream, frozen food, pet food. Etc. The company was founded by Henri Nestle.
In January 2022 Nestlé’s Health Science had acquired the Brazilian organic natural, plant- based food maker Pura Vida. In April 2021 the company acquired Bountiful Company a vitamin manufacturing company
6) Danone S.A.
Danone S.A. is a French multinational food products corporation situated In Paris. The company is known for its products like, dietary supplements, Baby food, coffee, bottled water. Etc. The company was founded in the year 1919, in Barcelona, Spain and the headquarters are located in Boulevard 9th arrondissment, Paris. Danone was founded by Isaac Carasso.
