Global Ready To Use Therapeutic Food Market Is Expanding Owing To Increasing Food Shortage And Growing Awareness Programs Associated With Malnutrition

 

Ready to use Therapeutic Food Market
Ready To Use Therapeutic Food Market

Overview:

The use of a high energy fortified food called Ready to use Therapeutic Food (RUTF), which can be eaten straight from the packet, has helped treat millions of children threatened by severe malnutrition. Around a million children die every year from malnutrition, most of them from severe acute malnutrition, also known as wasting, when a child is too thin or frail. It consists of peanut butter, sugar, milk powder, vegetable oil and vitamins and minerals. It is easy to prepare and has a low moisture content, so it can be stored for a long time without losing its nutritional value. It can be given at home and is often preferred by families compared to a hospital diet. RUTF is made to a standard recipe defined by the World Health Organization. It is also easy to transport and can be delivered in small, portable packs which are hygienically sealed for safe storage.

Market Dynamics:

Growing business expansion by key players is estimated to augment growth of the global ready to use therapeutic food market during the forecast period. For instance, Ariel Foods FZE inaugurated their RUTF factory in February 2020, in Lagos. The ATLC factory will be producing therapeutic food that has been recommended by the UN. Moreover, rising prices of raw materials is anticipated to restrain growth of the global ready to use therapeutic food market during the forecast period.

Impact of COVID-19:

The pandemic was declared as a public health emergency in 2020, by the WHO. The pandemic hampered growth of many sectors across the globe. This outbreak led to causing shortage of raw materials and halting tare activities. The agricultural sector in many countries was hampered by this outbreak. As a result, many under developed nations were facing shortage of food. This led to high distribution of ready to use therapeutic foods by several governments and various organizations. This increased the demand for ready to use therapeutic food. The global ready to use therapeutic food market was estimated to witness robust growth during the pandemic.

Key Takeaways:

The global ready to use therapeutic food market is expected to witness robust growth, exhibiting CAGR of 10.3 % over the forecast period, due to increasing awareness among people. For instance, the CMAM Association was founded for combatting chronic malnutrition among children in May 2020. It was founded in India for community-wide marketing of ready-to-use therapeutic foods.

Europe is anticipated to witness robust growth in the global ready to use therapeutic food market during the forecast period, due to growing presence of key manufacturers and increasing production activities.

Key players active in the global ready to use therapeutic food market are Vista Fortifoods Pvt.Ltd., Valid Nutrition, Nutrivita Foods, Samil Industrial, Tabatchnick Fine Foods, Inc., Nuflower Foods, DIVA NUTRITIONAL PRODUCTS, InnoFaso, and Nutriset.

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