Middle East & Africa Enteral Feeding Formulas Market Size & Outlook
Middle East & Africa enteral feeding formulas market, 2018-2030 (US$M)
Related Markets
MEA enteral feeding formulas market highlights
- The MEA enteral feeding formulas market generated a revenue of USD 462.6 million in 2023.
- The market is expected to grow at a CAGR of 4% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 462.6 million |
| Market revenue in 2030 | USD 609.1 million |
| Growth rate | 4% (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, MEA region accounted for 6.4% 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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Middle East & Africa 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 83.92% in 2023. Horizon Databook has segmented the Middle East & Africa enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA includes South Africa, Saudi Arabia, the UAE, and Kuwait. South Africa dominates the overall MEA region owing to high economic development, increase in the number of global technology companies, and a large patient pool.
Various initiatives undertaken by nonprofit organizations in this region and growing incidence of preterm births are driving the enteral feeding formulas market. Strategic initiatives undertaken by key providers of enteral feeding products and increasing R&D activities are expected to further propel the market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa enteral feeding formulas market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA enteral feeding formulas market size, by country, 2018-2030 (US$M)
Middle East & Africa Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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