Saudi Arabia Medical Foods Market Size & Outlook
Saudi Arabia medical foods market, 2018-2030 (US$M)
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Saudi Arabia medical foods market highlights
- The Saudi Arabia medical foods market generated a revenue of USD 263.2 million in 2023 and is expected to reach USD 342.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.8% 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 263.2 million |
| Market revenue in 2030 | USD 342.5 million |
| Growth rate | 3.8% (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, Saudi Arabia accounted for 1.1% 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 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 |
|---|
Saudi Arabia 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 82.98% in 2023. Horizon Databook has segmented the Saudi Arabia medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Growing geriatric population, which is highly susceptible to chronic diseases, is one of the major factors positively influencing market growth in this country. For instance, as per Saudi Arabian Monetary Agency (SAMA), the proportion of Saudi Arabian population aged 60 and above is estimated to reach 25% by the end of 2050.
Moreover, the growing incidence of preterm birth may drive the need for enteral feeding formulas and medical foods in Saudi Arabia. For instance, according to an article published by the National Institutes of Health in September 2022, the incidence of preterm birth was 8.4% in Saudi Arabia.
According to International Diabetes Federation, 4,274.1 thousand people were diagnosed with diabetes in 2021 and 7,537.3 thousand people are expected to be diagnosed by 2045. Thus, increasing prevalence of chronic diseases requires clinical nutrition to fight against nutritional deficiency, thereby propelling the market in Saudi Arabia.
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Target buyers of Saudi Arabia 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia medical foods market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia medical foods market size, by route of administration, 2018-2030 (US$M)
Saudi Arabia Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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