READY TO USE THERAPEUTIC FOOD MARKET ANALYSIS

Ready To Use Therapeutic Food MarketSize and Trends

Ready-to-use Therapeutic Food Market 2017–2027

The global ready-to-use therapeutic food market is projected to reach around US$ 835.1 million by the end of 2027, in terms of revenue, growing at CAGR of 10.3% during the forecast period (2019-2027).

Market Trends

The growing trend of using an alternative to sugar such as pure jaggery or icing sugar for producing ready-to-use therapeutic candy bars, paste or cream and biscuits is expected to foster the market growth of ready to use therapeutic food. Moreover, major companies are focusing on producing ready-to-use therapeutic food products based on whey permeate powder, a good substitute for sugar is further projected to augment the market growth of RUTF.

An increasing number of partnerships in the market for the procurement of Ready to Use Therapeutic Food (RUTF) is expected to accelerate market growth over the forecast period. For instance, in May 2018, the Federal Government of Nigeria has signed a Memorandum of Understanding (Mou) with the United Nations International Children's Emergency Fund (UNICEF), for the procurement of ready to use therapeutic food (RUTF). The partnership is to serve as counterpart contribution for the procurement and distribution of the commodity in the six geo-political zones of the Country.

Figure 3. Global Ready-to-use Therapeutic Food Market, Revenue Share (%), By Product Type, in 2018

On the basis of product type, in 2018, the semi solid paste accounted the largest market share of 91.3% in terms of value, followed by drinkable therapeutic food and solid respectively.