Latin America Enteral Feeding Formulas Market Size & Outlook
Latin America enteral feeding formulas market, 2018-2030 (US$M)
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Latin America enteral feeding formulas market highlights
- The Latin America enteral feeding formulas market generated a revenue of USD 826.9 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, oral was the largest revenue generating product in 2023.
- Oral is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 826.9 million |
| Market revenue in 2030 | USD 1,271.3 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Oral |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral, Enteral |
| Key market players worldwide | Abbott Laboratories, Danone SA, Fresenius SE & Co KGaA, Nestle SA, Meiji Holdings Co Ltd, Reckitt Benckiser Group PLC, Victus, Primus Pharmaceuticals |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.5% of the global enteral feeding formulas market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,115.1 million by 2030.
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Enteral Feeding Formulas Market Scope
Enteral Feeding Formulas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America enteral feeding formulas market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to enteral feeding formulas market will help companies and investors design strategic landscapes.
Oral was the largest segment with a revenue share of 82.37% in 2023. Horizon Databook has segmented the Latin America enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is one of the fastest-growing markets. The healthcare industry in this region is not very well developed; however, constant efforts are being taken to improve healthcare access and treatment. Increasing prevalence of chronic diseases and improving reimbursement scenario of enteral feeding formulas are among the key factors driving the market growth.
The growing need for nutrition by geriatric and pediatric populations and increasing investments in building new hospitals & research centers are among the factors expected to improve the healthcare industry in this region. Moreover, the presence of lucrative opportunities in emerging Latin American countries is one of the significant growth drivers of this market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America enteral feeding formulas market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America enteral feeding formulas market size, by country, 2018-2030 (US$M)
Latin America Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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