Page 74 - FoodFocusThailand No.198 September 2022
P. 74

STRATEGIC R&D


                             Medical Foods Market: Application & Trend Analysis

                                                   8,000.0
                         Chronic Kidney Disease                                                      x  โรคเบาหวาน
                                                   7,000.0                                        x
                       Minimal Hepatic Encephalopathy                                         x
                                                                                          x
                       Chemotherapy Induced Diarrhea  6,000.0                          x
                                                                                   x
                                                                               x                        โรคอััลไซเมอัร์
                        Pathogen Related Infections  5,000.0                x
                                                                        x
                          Diabetic Neuropathy      4,000.0       x  x                                   โรคซึมเศร้า
                                                 Revenue (USDMillion)
                               ADHD                       x  x                                          โรคสมาธิิสั�น
                             Depression            3,000.0

                          Alzheimer’s Disease      2,000.0                                             อัาการท้้อังร่วงท้่�เกิด
                                                                                                       จากเคม่บำาบัด
                          Nutritional Deficiency
                                                   1,000.0                 x   x   x   x  x   x   x  x
                                                          x  x   x  x   x                              โรคไตเร้�อัรัง
                           Orphan Diseases
                                                      0.0
                              Dysphagia                 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
                                                        Chronic Kidney Disease     Minimal Hepatic Encephalopathy
                                                        Chemotherapy Induced Diarrhoea  x  Pathogen Related Infections
                               Others                 x  Diabetic Neuropathy       ADHD
                                                        Depression                 Alzheimer’s Disease
                                        Source: WHO, U.S. CDC, FDA, Investor Presentations, Primary Interviews, Grand View Research


                                                                   growth for medical food is the diet for diabetes neuropathy, followed
                                                                   respectively by the medical diet for neurological and brain diseases
                                                                   such  as Alzheimer’s  disease,  depression,  and  attention  deficit
                                                                   hyperactivity disorder.
                                                                      The development trend for medical food products, especially food
                                                                   for the elderly, should focus on the three largest target groups. The
                                                                   first and most common group is elderly with neurological problems
                                                                   such as multiple sclerosis, cerebrovascular disease, and dementia that
                                                                   affects swallowing. The second group is the elderly who lost muscle.
                                                                   According to the data, muscle loss in older adults will increase from
                                                                   11.1% in 2016 to 12.9% in 2045. And the third group is those who are
                                                                   malnourished.  There are 2 billion people worldwide who are
                                                                   malnourished and lack micronutrient foods such as vitamins and iron.
                                                                   Besides that, more than 40% of hospital patients suffer from malnutrition.
                                                                      For Thailand, a strategic approach for the development and growth
                                                                   of the medical food market needs to be through deliberated cooperation
                                                                   with relevant agencies, both public and private sectors. Both research
                                                                   and business and marketing support agencies must join forces together.
                                                                   The first approach is to find strategic partners. Support potential
                                                                   entrepreneurs  in  seeking  business  partners  and  attract  foreign
                                                                   companies to invest and support the transfer of knowledge production
                                                                   technology to upgrade the Thai medical food production industry and
                                                                   expand to the international market. The second approach is the
                                                                   continuous promotion of research and development in advanced
                                                                   medical and scientific fields to foster the science and technology
                                                                   potential of Thai entrepreneurs and increase opportunities for medical
                                                                   food product development both for domestic and export markets. And
             healthy food in Thailand was about USD 6.5 billion in 2020, and it is   the third approach is the importance of quality control in the production
             expected to reach USD 9 billion by 2025. For Thailand’s medical food,   of products on a regular basis. This is to build a reputation and promote
             the market value in 2020 is 2,850 million baht and is expected to have   awareness in the export market in the long run.
             a 20% annual growth rate.
               Interestingly, two-thirds of the consumption method of medical food
             is oral, and only one-third is enteral. In addition, more than half of medical
             food products are in powder form. It was found that the highest market   More Information  Service Info C011

             74  FOOD FOCUS THAILAND  SEP   2022


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