Canada Medical Foods Market Size & Outlook, 2023-2030
Canada medical foods market, 2018-2030 (US$M)
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Canada medical foods market highlights
- The Canada medical foods market generated a revenue of USD 841.3 million in 2023 and is expected to reach USD 1,385.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.4% 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 841.3 million |
| Market revenue in 2030 | USD 1,385.5 million |
| Growth rate | 7.4% (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, Canada accounted for 3.6% 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 North America, U.S. medical foods market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,385.5 million by 2030.
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Medical Foods Market Scope
Medical Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 78.27% in 2023. Horizon Databook has segmented the Canada medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is witnessing an increase in the prevalence of chronic diseases and rise in the elderly population. There has been an increase in the number of people suffering from malnutrition, who re ire enteral nutrition support.
The Exclusive Enteral Nutrition (EEN) is a treatment prescribed in Canada by many pediatricians to children and young adults suffering from Crohn's disease. For instance, in 2019, a study conducted b Nestlé revealed that Crohn’s Disease Exclusion Diet (CDED), a ni e dietar approach, is effective for people suffering from Crohn’s disease
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada medical foods market , including forecasts for subscribers. This country databook contains high-level insights into Canada medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada medical foods market size, by route of administration, 2018-2030 (US$M)
Canada Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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