Kuwait Medical Foods Market Size & Outlook, 2023-2030
Kuwait medical foods market, 2018-2030 (US$M)
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Kuwait medical foods market highlights
- The Kuwait medical foods market generated a revenue of USD 41.8 million in 2023 and is expected to reach USD 53.8 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 3.7% 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 41.8 million |
| Market revenue in 2030 | USD 53.8 million |
| Growth rate | 3.7% (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, Kuwait accounted for 0.2% 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 Middle East & Africa, South Africa medical foods market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 451.0 million by 2030.
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Medical Foods Market Scope
Medical Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait 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 74.4% in 2023. Horizon Databook has segmented the Kuwait medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing geriatric population may offer new opportunities for medical foods market in Kuwait. For instance, the population older than 65 years of age in thousands was 97,860, 99,491, and 102,520 in 2019, 2020, & 2021, respectively.
For instance, in 2020, 3,824 new cancer cases were diagnosed in Kuwait and the number is estimated to reach 6,864 by 2030. In addition, according to WHO, Kuwait was ranked at 96th position in the orld for Alzheimer’s disease with a rate of 17.2% in 2020.
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Target buyers of Kuwait 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 Kuwait medical foods market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Kuwait medical foods market size, by route of administration, 2018-2030 (US$M)
Kuwait Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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