Latin America Medical Foods Market Size & Outlook
Latin America medical foods market, 2018-2030 (US$M)
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Latin America medical foods market highlights
- The Latin America medical foods market generated a revenue of USD 2,703.5 million in 2023.
- The market is expected to grow at a CAGR of 5.8% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,703.5 million |
| Market revenue in 2030 | USD 4,004.6 million |
| Growth rate | 5.8% (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, Latin America region accounted for 11.5% 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 |
|---|
Latin America 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 69.41% in 2023. Horizon Databook has segmented the Latin America medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Major countries in Latin America include Brazil, Mexico, and Argentina. The healthcare industry in this region is not very well-developed; however, constant efforts are being undertaken to improve healthcare access and treatment. Rising geriatric population and increasing prevalence of chronic diseases are some of the key factors driving the market.
For instance, according to a UNICEF article published in 2019, around 4.8 million children under the age of 5 were stunted in Latin America and Caribbean region. In addition, approximately one in five children under the age of 5 are undernourished due to malnutrition in the region. These factors represent the high demand for medical foods in Latin America.
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Target buyers of Latin America 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 Latin America medical foods market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America medical foods market size, by country, 2018-2030 (US$M)
Latin America Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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