Mexico Enteral Feeding Formulas Market Size & Outlook
Mexico enteral feeding formulas market, 2018-2030 (US$M)
Related Markets
Mexico enteral feeding formulas market highlights
- The Mexico enteral feeding formulas market generated a revenue of USD 152.3 million in 2023 and is expected to reach USD 205.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.4% 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.
Enteral feeding formulas market data book summary
| Market revenue in 2023 | USD 152.3 million |
| Market revenue in 2030 | USD 205.8 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Oral |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 2.1% of the global enteral feeding formulas market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil enteral feeding formulas market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 500.0 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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Mexico 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 78.14% in 2023. Horizon Databook has segmented the Mexico enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is the second-largest economy in Latin America. It spends a considerable proportion of its GDP on healthcare and is working toward improving its healthcare policies, infrastructure, and regulatory framework. Moreover, growing demand for nutritional supplements by long-term care patients and patients availing home healthcare services is expected to drive the market in the coming years.
The increasing prevalence of chronic disorders such as gastrointestinal disorders, cancer, and neurological disorders is one of the key factors expected to propel the market growth over the forecast period.
For instance, according to industry reports, 5.73 million gastrointestinal infection cases were reported in Mexico in 2018. In addition, according to a study published in the Journal of Alzheimer's Disease, in September 2022, approximately 7.8% of the population in Mexico was affected with Alzheimer’s disease.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico enteral feeding formulas market , including forecasts for subscribers. This country databook contains high-level insights into Mexico enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico enteral feeding formulas market size, by stage, 2018-2030 (US$M)
Mexico Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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