Market Size of Oncology Nutrition Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Oncology Nutrition Market Analysis
Over the next few years, the oncology nutrition market is expected to grow at an annual rate of 8.9%.
The COVID-19 pandemic turned the spotlight on the oncology nutrition market, though the healthcare systems have been significantly impacted. For instance, the study published by Nutrition and Cancer in May 2021 focused on creating recommendations on the nutritional protocol for the management and prevention of complications during the COVID-19 pandemic for all cancer patients. Patients with cancer are more susceptible to illnesses due to either direct immune system impairment or anticancer medication. Furthermore, as per the article published by the National Library of Medicine in June 2021, the role of nutrition, dietary supplementation with vitamins or minerals, and microbiota in the COVID-19 phase, as well as the value of diet in the susceptibility, prevention, and management of COVID-19 in cancer patients, The COVID-19 pandemic demanded the development of nutritional maintenance and complication control recommendations for all cancer patients, according to the same source. However, the market was gradually stabilizing as COVID-19 cases declined, resulting in the return of normal demand levels for oncology nutrition. Thus, COVID-19 was expected to have a significant impact on the oncology nutrition market over the forecast period.
The major factors contributing to the growth of the oncology nutrition market are the rising prevalence of cancer worldwide and the introduction of new oncology nutrition products. According to a BioMed Central Ltd article published in April 2022, the number of new cancer cases in Germany is expected to rise by 20% by 2030.Additionally, according to the AACR Cancer Progress Report 2022, in the past three years, the number of cancer survivors living in the United States has increased by more than a million, reaching more than 18 million as of January 1, 2022. The use of nutritional products during and after the treatment of cancer gives the ability to fight disease and offers strength and stamina against the treatment's after-effects, which is driving the market's growth.
Furthermore, the awareness provided by the government and private agencies is one of the main fueling factors for market growth. For instance, as per the 2022 update from the American Society of Clinical Oncology (ASCO) Cancer.Net, after cancer treatment is complete, most experts recommend a healthy diet that includes plenty of fruits, vegetables, and whole grains. Furthermore, according to the Agency for Healthcare Research and Quality, the prevalence of malnutrition among adults with cancer is high in October 2021, with estimates ranging from 25% to 80% across patient populations.This increase in malnutrition among cancer patients is expected to increase the demand for oncology nutrition, thus boosting market growth over the forecast period.
Hence, as per the aforementioned factors, the oncology nutrition market is likely to grow over the forecast period. However, the high cost of premium nutrition products for oncology restrains the market's growth.
