Mexico Medical Foods Market Size & Outlook, 2023-2030
Mexico medical foods market, 2018-2030 (US$M)
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Mexico medical foods market highlights
- The Mexico medical foods market generated a revenue of USD 517.7 million in 2023 and is expected to reach USD 757.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, oral was the largest revenue generating route of administration in 2023.
- Oral 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 517.7 million |
| Market revenue in 2030 | USD 757.9 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Oral |
| 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, Mexico accounted for 2.2% 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 Latin America, Brazil medical foods market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,412.9 million by 2030.
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Medical Foods Market Scope
Medical Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 70.58% in 2023. Horizon Databook has segmented the Mexico medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is the second-largest economy in Latin America. Growing demand for foods for special medical purposes by long-term care patients and patients availing home healthcare services is one of the crucial factors anticipated to drive the market in the coming years.
As per WHO noncommunicable diseases country profiles 2018, diabetes is one of the serious health issues in Mexico, accounting for 15% of the total deaths in the country, which is indicative of the growing demand for medical foods for diabetes management.
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Target buyers of Mexico 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 Mexico medical foods market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico medical foods market size, by route of administration, 2018-2030 (US$M)
Mexico Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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