The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s oncology nutrition market report forecasts the oncology nutrition market size to grow to $2.39 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

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Oncology Nutrition Market Size Forecast
The global oncology nutrition market is expected to grow from $1.52 billion in 2022 to $1.69 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oncology nutrition market size is expected to grow to $2.39 billion in 2027 at a CAGR of 9.1%.

North America held the largest oncology nutrition market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Oncology Nutrition Market Driver ­– Increase In The Prevalence Of Cancer
For instance, in 2020, according to the World Health Organization, a Switzerland-based health agency, 19.3 million new cancer cases were registered, and almost 10.0 million cancer deaths occurred in the US. Therefore, the rising incidence of cancer will contribute to the growth of the oncology nutrition market.

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Key Oncology Nutrition Market Trend – Strategic Partnerships
Organizations operating in oncology nutrition are focused on strategic partnerships to meet consumer demand and reinforce their position. For instance, in October 2021, NIHR Cancer and Nutrition, a UK-based cancer organization, collaborated with the World Cancer Research Fund, a UK-based non-profit association. This partnership focuses on training and delivering consistent information on nutrition to cancer patients. Furthermore, in March 2022, Hope Connections, a US-based non-profit organization, collaborated with Food & Friends, a US-based oncology nutrition organization, to help with nutrition awareness in oncology.

Oncology Nutrition Market Segment
1) By Cancer Type: Blood Cancer, Breast Cancer, Stomach and Gastrointestinal Cancers, Liver Cancer, Pancreatic Cancer, Other Cancer Types
2) By Nutrition: Enteral Nutrition, Parenteral Nutrition
3) By End-Users: Hospitals, Homecare, Specialty Clinics, Other End Users

Oncology Nutrition Market Major Players and Strategies
Major players in the oncology nutrition market are B. Braun Melsungen AG, Danone India, Abbott Laboratories, Nestle S.A., Victus, Hormel Food Corporation, Meiji Holdings, Pfizer Inc., Baxter International, Mead Johnson Nutrition Company, Fresenius Kabi AG, Braun Melsungen AG, Auris Health Inc., Aceto, and Hansen Medical.

In March 2021, Nature’s Way, a US-based supplement company, acquired Baze for an undisclosed amount. The acquisition would bring together the expertise of both the companies to deliver innovative solutions to the patients. Baze is a US-based personalized nutrition company that provides nutrition according to the needs of patients and normal people.

The Oncology Nutrition Global Market Report 2023 covers regional data on oncology nutrition market size, oncology nutrition market trends and drivers, opportunities, strategies, and oncology nutrition market competitor analysis. The countries covered in the oncology nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Oncology nutrition refers to eating a healthy and balanced diet prescribed for a cancer patient. Eating the right kinds of food before, during, and after treatment can help patients feel better and stay stronger. Oncology nutrition is used to improve clinical outcomes in certain cancer types.

View More Reports Related To The Oncology Nutrition Market –
Oncology Molecular Diagnostics Global Market Report 2023
Clinical Nutrition Global Market Report 2023
Nutritional Feed Additives Global Market Report 2023

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