South Africa Medical Foods Market Size & Outlook
South Africa medical foods market, 2018-2030 (US$M)
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South Africa medical foods market highlights
- The South Africa medical foods market generated a revenue of USD 335.4 million in 2023 and is expected to reach USD 451.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.3% 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 335.4 million |
| Market revenue in 2030 | USD 451.0 million |
| Growth rate | 4.3% (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, South Africa accounted for 1.4% 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 |
|---|
South Africa 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 80.32% in 2023. Horizon Databook has segmented the South Africa medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of organizations such as South African Society for Parenteral and Enteral Nutrition, which undertakes various initiatives for creating awareness about clinical nutrition in the country, is one of the key market drivers. This organization raises funds for R&D activities and conducts educational programs for enteral nutrition management.
Furthermore, the rising incidence of chronic diseases including cancer and diabetes in the country may offer lucrative opportunities for players in the market. For instance, according to the International Diabetes Federation, diabetes prevalence reached 11.3% and accounted for 96,000 deaths in South Africa in 2021.
In addition, in 2020, 110,000 new cancer cases were reported in South Africa with more than 56,000 cancer-related deaths. Thus, increasing prevalence of chronic diseases in the region is expected to fuel the medical foods market. Major players in South Africa the market include Nestlé, Amipro, and Vital Health Foods.
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Target buyers of South Africa 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 South Africa medical foods market , including forecasts for subscribers. This country databook contains high-level insights into South Africa medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa medical foods market size, by route of administration, 2018-2030 (US$M)
South Africa Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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