India Medical Foods Market Size & Outlook, 2023-2030
India medical foods market, 2018-2030 (US$M)
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India medical foods market highlights
- The India medical foods market generated a revenue of USD 1,117.0 million in 2023 and is expected to reach USD 1,773.0 million by 2030.
- The India market is expected to grow at a CAGR of 6.8% 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 1,117.0 million |
| Market revenue in 2030 | USD 1,773.0 million |
| Growth rate | 6.8% (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, India accounted for 4.7% 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 |
|---|
India 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 63.19% in 2023. Horizon Databook has segmented the India medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in the incidence of malnutrition and diabetes in India is expected to drive the market over the forecast period. For instance, according to an article published in Mint in 2019, a government survey revealed that the prevalence of diabetes in the country was 11.8%.
Moreover, increasing per capita healthcare expenditure and rising market penetration of these products in the country are among the factors expected to fuel growth of this market in the coming years. For instance, according to The World Bank, health expenditure in India accounted for 3.01% of total GDP in 2019.
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Target buyers of India 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 India medical foods market , including forecasts for subscribers. This country databook contains high-level insights into India medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India medical foods market size, by route of administration, 2018-2030 (US$M)
India Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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