Leading Organizations Replying on Ready-to-use Therapeutic
Food to Combat Malnutrition Worldwide
ROCKVILLE, Md., June 18, 2024 /PRNewswire/ -- According to a
recent industry report from Fact.MR, the global Ready-To-Use
Therapeutic Food Market will reach $459.9 million by 2024. The revenue from RUTF
sales is expected to grow at a rate of 5.7% annually from
2024 to 2034, driven by increased efforts to combat malnutrition.
By 2034, the market size for RUTF is projected to exceed
$800.6 million globally.
Increased demand for solid RUTF products is attributed to their
easy availability in the form of candy bars, biscuits, and powder.
Thereby, it is comparatively easier for individuals to consume them
directly or even with drinking water for use as a porridge. These
therapeutic products are comparatively easy to carry and help in
meeting the nutritional requirements of those who require them the
most.
The United States is one of the
prominent countries actively involved in the manufacturing as well
as supply of ready-to-use therapeutic food products. Growing
emphasis on home-based treatment for severe and moderate
malnourished children is driving demand for RUTF globally.
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Report:
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Key Takeaway from Market Study:
- North America is evaluated to
account for a share of 24.3% of global market revenue by 2034.
- Worldwide demand for solid RUTF products is analyzed to
increase at 5.5% CAGR and reach a value of US$ 310.6 million by the end of 2034.
- United National International Children's Emergency Fund
(UNICEF) is forecasted to account for a 32.9% share of global
market revenue by 2034-end.
- Sales of ready-to-use therapeutic food in Japan are forecasted to rise at a 6.2% CAGR
from 2024 to 2034.
- Demand for RUTF products in South
Korea is projected to accelerate at a CAGR of 6.4% through
2034.
"Leading market players are investing in R&D to
uncover more effective and affordable ingredients that can be used
as raw materials in RUTF to decrease the overall costs of final
products," says a Fact.MR analyst.
Active Contribution of United National International
Children's Emergency Fund in Combating Malnutrition
Worldwide demand for RUTF products from UNICEF is projected to
accelerate at a CAGR of 5.4% and reach a market value of
US$ 263.4 million by 2034-end. UNICEF
is actively working at the forefront against malnutrition and
hunger among the global pediatric population. It is procuring a
noteworthy amount of RUTF for fulfilling the nutritional needs of
needy people globally. In addition, it is also working to establish
therapeutic centers for saving lives and supporting families in
poverty-stricken regions and countries.
Key Market Players:
Some of the key suppliers of ready-to-use therapeutic food are
Insta Products, Diva Nutritional Products, GC Rieber
Compact AS, Power Foods Tanzania, GC Mana Nutritive Aid Products,
Hilina, Inno Faso, Nuflower Foods
and Nutrition Pvt., Samil Industrial, Kaira District Cooperative,
and Tabatchnik Fine Foods.
Regional Insights: North
America, China, and Japan
Set for Significant Growth by 2034
According to a newly published study by Fact.MR, a market
research and competitive intelligence provider, North America is projected to capture 24.3% of
the global market share by 2034. The
United States stands out as a key player in the North
American region, actively engaged in the production and supply of
Ready-to-Use Therapeutic Foods (RUTF) products.
China is projected to hold
47.5% of the East Asian market revenue share by the end of 2034.
This growth is driven by increased demand for ready-to-use
therapeutic food (RUTF) products, supported by government
initiatives providing funding for children suffering from
malnutrition and other health issues. Additionally, the Chinese
government is launching new programs to combat malnutrition among
children.
Japan is expected to contribute
29.4% of the East Asian market share by 2034. The steady increase
in demand for RUTF in Japan is
attributed to the rising production of supplement products to meet
nutritional needs. Moreover, the growing use of RUTF products due
to hectic lifestyles is encouraging manufacturers to develop
nutrient-rich options.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of
the ready-to-use therapeutic food market, presenting historical
demand data (2019 to 2023) and forecast statistics for the period
(2024 to 2034).
The study divulges essential insights into the market based on
type (solid [powder/blends, biscuits/bars], paste, drinkable) and
end-user (United National International Children's Emergency Fund
[UNICEF], World Food Program [WEP], government organizations,
non-government organizations [NGOs]), across seven major regions of
the world (North America,
Latin America, Western Europe, Eastern Europe, East
Asia, South Asia &
Pacific, and MEA).
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and competitive landscapes. Renowned for its commitment to accuracy
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