Australia Medical Foods Market Size & Outlook, 2023-2030
Australia medical foods market, 2018-2030 (US$M)
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Australia medical foods market highlights
- The Australia medical foods market generated a revenue of USD 331.0 million in 2023 and is expected to reach USD 516.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.6% 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 331.0 million |
| Market revenue in 2030 | USD 516.8 million |
| Growth rate | 6.6% (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, Australia accounted for 1.4% 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 Asia Pacific, China medical foods market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,773.0 million by 2030.
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Medical Foods Market Scope
Medical Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 78.73% in 2023. Horizon Databook has segmented the Australia medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Malnutrition is one of the major public health issues in Australia. According to Dietitians Association of Australia, malnutrition is known as the silent epidemic in the country, affecting 35% to 43% hospital patients. Moreover, according to a 2019 article by Dietetic Association of Australia (DAA), 22% to 50% of older or aged residents in homecare setting were malnourished.
Rising geriatric population and significantly high burden of chronic diseases are also propelling market growth. Omni Innovation Pty Ltd., Grunbiotics, Danone, Mead Johnson & Company LLC, and Fresenius Kabi Australia Pty Limited are among the key players operating in the market.
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Target buyers of Australia medical foods market databook
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Our clientele includes a mix of medical foods market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia medical foods market , including forecasts for subscribers. This country databook contains high-level insights into Australia medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia medical foods market size, by route of administration, 2018-2030 (US$M)
Australia Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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