Europe Medical Foods Market Size & Outlook, 2023-2030
Europe medical foods market, 2018-2030 (US$M)
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Europe medical foods market highlights
- The Europe medical foods market generated a revenue of USD 5,961.1 million in 2023.
- The market is expected to grow at a CAGR of 3% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 5,961.1 million |
| Market revenue in 2030 | USD 7,314.9 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Enteral |
| Historical data covered | 2018 - 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 | 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, Europe region accounted for 25.3% of the global medical foods 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 9,937.0 million by 2030.
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Medical Foods Market Scope
Medical Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 69.34% in 2023. Horizon Databook has segmented the Europe medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Europe has a large elderly population, which is at a high risk of various diseases such as cardiovascular, respiratory, and other chronic diseases. As per the data published by European Cardiovascular Disease Statistics 2017, cardiovascular diseases account for more than 1.8 million deaths in the EU and nearly 3.9 million deaths in Europe.
Rise in the number of malnourished and underweight people is expected to boost the demand for medical foods (also referred to as foods for special medical purposes). According to Specialized Nutrition Europe, 40% of the adult hospital patients in the EU are malnourished.
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Target buyers of Europe 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 continent-level data and insights on the Europe medical foods market , including forecasts for subscribers. This continent databook contains high-level insights into Europe medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe medical foods market size, by country, 2018-2030 (US$M)
Europe Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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