Latin America Medical Foods For Orphan Diseases Market Size & Outlook
The medical foods for orphan diseases market in Latin America is expected to reach a projected revenue of US$ 221.5 million by 2030. A compound annual growth rate of 6.1% is expected of Latin America medical foods for orphan diseases market from 2024 to 2030.
Revenue, 2023 (US$M)
$146.8
Forecast, 2030 (US$M)
$221.5
CAGR, 2024 - 2030
6.1%
Report Coverage
Latin America
Latin America medical foods for orphan diseases market, 2016-2030 (US$M)
Related Markets
Latin America medical foods for orphan diseases market highlights
- The Latin America medical foods for orphan diseases market generated a revenue of USD 146.8 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, oral was the largest revenue generating route of administration in 2023.
- Enteral is the most lucrative route of administration segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 146.8 million |
| Market revenue in 2030 | USD 221.5 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Enteral |
| Historical data covered | 2016 - 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 | Nestle SA, Danone SA, Abbott Laboratories, Reckitt Benckiser Group PLC, Relief Therapeutics Holding SA, Ajinomoto Co Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.5% of the global medical foods for orphan diseases 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 554.7 million by 2030.
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Medical Foods For Orphan Diseases Market Scope
Medical foods for orphan diseases market segmentation & scope
Medical Foods For Orphan Diseases Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America medical foods for orphan diseases market report size, by country, 2016-2030 (US$M)
Latin America Medical Foods For Orphan Diseases Market Share, 2023 & 2030 (US$M)
Related regional statistics
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