South Africa Enteral Feeding Formulas Market Size & Outlook
South Africa enteral feeding formulas market, 2018-2030 (US$M)
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South Africa enteral feeding formulas market highlights
- The South Africa enteral feeding formulas market generated a revenue of USD 66.0 million in 2023 and is expected to reach USD 89.2 million by 2030.
- The South Africa 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 66.0 million |
| Market revenue in 2030 | USD 89.2 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, South Africa accounted for 0.9% 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 Middle East & Africa, South Africa enteral feeding formulas market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 89.2 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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South 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 83.94% in 2023. Horizon Databook has segmented the South Africa enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
The South African Society for Parenteral and Enteral Nutrition is a major contributor to enteral feeding formulas market in this country. This organization raises funds for R&D activities and conducts educational programs for enteral nutrition management.
Increase in the number of global companies in South Africa is expected to propel the growth of enteral feeding formulas in this country. High incidence of malnutrition and preterm births in the region are expected to increase the adoption of enteral feeding formulas in South Africa during the forecast period.
Children in South Africa are suffering the slow violence of malnutrition. For instance, the country has double the burden of malnutrition; one in four children, or 27% of the population aged below 5 years, is stunted due to lack of nutrition. In addition, preterm birth occurs in approximately 15% of all births in South Africa, i.e., one in seven infants is born prematurely. However, poverty in the country may hamper the adoption of enteral feeding formulas to a certain extent.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa enteral feeding formulas market , including forecasts for subscribers. This country databook contains high-level insights into South Africa enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa enteral feeding formulas market size, by stage, 2018-2030 (US$M)
South Africa Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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