Spain Medical Foods Market Size & Outlook, 2023-2030
Spain medical foods market, 2018-2030 (US$M)
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Spain medical foods market highlights
- The Spain medical foods market generated a revenue of USD 506.1 million in 2023 and is expected to reach USD 622.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 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 506.1 million |
| Market revenue in 2030 | USD 622.0 million |
| Growth rate | 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, Spain accounted for 2.1% 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 Europe, Germany medical foods market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,599.7 million by 2030.
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Medical Foods Market Scope
Medical Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 80.1% in 2023. Horizon Databook has segmented the Spain medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Various initiatives being undertaken in the area of clinical nutrition, rising geriatric population, and significant burden of chronic diseases are driving Spain medical foods market. According to World Data Atlas, geriatric population in the country accounted for 20.3% in 2021.
In addition, Spanish Society for Enteral and Parenteral Nutrition (SENPE) was awarded 2018 Medical Nutrition International Agency Grant for its project aimed at developing a tool to calculate the economic burden of disease-related malnutrition. Such initiatives are expected to positively impact market growth.
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Target buyers of Spain 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 Spain medical foods market , including forecasts for subscribers. This country databook contains high-level insights into Spain medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Spain medical foods market size, by route of administration, 2018-2030 (US$M)
Spain Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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