Italy Medical Foods Market Size & Outlook, 2023-2030
Italy medical foods market, 2018-2030 (US$M)
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Italy medical foods market highlights
- The Italy medical foods market generated a revenue of USD 740.9 million in 2023 and is expected to reach USD 908.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 2.9% 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 740.9 million |
| Market revenue in 2030 | USD 908.0 million |
| Growth rate | 2.9% (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, Italy accounted for 3.1% 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 Europe, Germany medical foods market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,599.7 million by 2030.
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Medical Foods Market Scope
Medical Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy 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 75.25% in 2023. Horizon Databook has segmented the Italy medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Italy medical foods market is driven by rising geriatric population, growing prevalence of chronic diseases, and ongoing trend of personalized or lifestyle nutrition. Increase in the number of initiatives to promote clinical nutrition is also positively impacting the market. As per World Bank, the percentage of geriatric population in the country was 23% in 2020.
The burden of chronic diseases in the country is increasing. According to Institute for Health Metrics and Evaluation (IHME), in 2019, ischemic heart disease was a leading non-communicable disease in terms of mortality in the country. The difference in percentage from 2009 to 2019 was around 7.1%.
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Target buyers of Italy 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 Italy medical foods market , including forecasts for subscribers. This country databook contains high-level insights into Italy medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy medical foods market size, by route of administration, 2018-2030 (US$M)
Italy Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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