Spain Enteral Feeding Formulas Market Size & Outlook
Spain enteral feeding formulas market, 2018-2030 (US$M)
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Spain enteral feeding formulas market highlights
- The Spain enteral feeding formulas market generated a revenue of USD 100.8 million in 2023 and is expected to reach USD 130.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 3.8% 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 100.8 million |
| Market revenue in 2030 | USD 130.5 million |
| Growth rate | 3.8% (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, Spain accounted for 1.4% 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 Europe, Germany enteral feeding formulas market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 240.1 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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Spain 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 94.15% in 2023. Horizon Databook has segmented the Spain enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Rising geriatric population and a significant burden of chronic diseases are driving the Spain enteral feeding formulas market. According to World Bank, the geriatric population in the country increased from 18% in 2012 to 20% in 2019. According to European Nutrition for Health Alliance, 30% to 50% of hospital patients in Spain are malnourished.
Moreover, increasing prevalence of chronic conditions such as Parkinson’s disease is one of the factors responsible for the growth of enteral feeding formulas market in Spain. For instance, according to an NCBI study in 2021, Parkinson’s disease affects around 120,000 to 150,000 individuals in Spain. In addition, according to Alzheimer’s Association, around 800,000 million people were living with dementia/Alzheimer’s disease in Spain in 2022.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain enteral feeding formulas market , including forecasts for subscribers. This country databook contains high-level insights into Spain enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain enteral feeding formulas market size, by stage, 2018-2030 (US$M)
Spain Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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