Food for Special Medical Purpose (FSMP) Market Forecast 2024 to 2032
Food for Special Medical Purpose (FSMP) refers to a category of specially formulated food products that are intended to meet the dietary needs of individuals with specific medical conditions, disorders, or illnesses. These products are designed to provide targeted nutritional support and help manage the nutritional challenges associated with particular medical conditions. FSMPs are distinct from general foods or dietary supplements and are subject to specific regulations and guidelines to ensure their safety and efficacy.
The Food for Special Medical Purpose (FSMP) Market was valued at USD 13,890.78 Million in 2022 and is expected to register a CAGR of 5.92% by 2032.
The increasing prevalence of medical conditions such as metabolic disorders, gastrointestinal disorders, cancer, and food allergies has led to a greater demand for specialized nutritional support provided by FSMPs.