Argentina Medical Foods Market Size & Outlook, 2023-2030
Argentina medical foods market, 2018-2030 (US$M)
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Argentina medical foods market highlights
- The Argentina medical foods market generated a revenue of USD 217.4 million in 2023 and is expected to reach USD 315.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.4% 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.
Medical foods market data book summary
| Market revenue in 2023 | USD 217.4 million |
| Market revenue in 2030 | USD 315.2 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Enteral |
| 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 | Danone SA, Nestle SA, Fresenius SE & Co KGaA, Abbott Laboratories, Targeted Medical Pharma Inc, Mead Johnson Nutrition, Primus Pharmaceuticals |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.9% of the global medical foods market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil medical foods 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 1,412.9 million by 2030.
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Medical Foods Market Scope
Medical Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina medical foods 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 medical foods market will help companies and investors design strategic landscapes.
Oral was the largest segment with a revenue share of 73% in 2023. Horizon Databook has segmented the Argentina medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in the number of initiatives being undertaken by various private and public organizations, such as Argentine Society of Enteral and Parenteral Nutrition (AANEP), for promoting growth and development of enteral & parenteral nutrition across the nation is expected to boost the medical foods market in this country.
Moreover, rising prevalence of chronic diseases such as cancer & gastrointestinal diseases and growing incidence of preterm births are some of the crucial factors fueling the market growth in Argentina. For instance, according to WHO in 2022, 929 people in Argentina died due to malnutrition.
In addition, according to World Cancer Research Fund, in 2020, 126,818 individuals were suffering from cancer, excluding non-melanoma skin cancer. Furthermore, increasing geriatric population in Argentina may boost the need for enteral feeding formulas and medical foods.
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Our clientele includes a mix of medical foods market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina medical foods market , including forecasts for subscribers. This country databook contains high-level insights into Argentina medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina medical foods market size, by route of administration, 2018-2030 (US$M)
Argentina Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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