U.S. Medical Foods Market Size & Outlook, 2023-2030
U.S. medical foods market, 2018-2030 (US$M)
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U.S. medical foods market highlights
- The U.S. medical foods market generated a revenue of USD 6,213.5 million in 2023 and is expected to reach USD 9,088.5 million by 2030.
- The U.S. 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.
- 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 6,213.5 million |
| Market revenue in 2030 | USD 9,088.5 million |
| Growth rate | 5.6% (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, U.S. accounted for 26.4% 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 North America, U.S. medical foods market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,385.5 million by 2030.
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Medical Foods Market Scope
Medical Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 69.12% in 2023. Horizon Databook has segmented the U.S. medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is the largest market in the North American region. Increasing cases of disabilities & malnutrition due to rising incidence of chronic medical conditions and growing geriatric population are among the factors leading to a rise in the demand for oral and enteral feeding products.
Presence of key players such as Danone; Abbott; Nestlé; Targeted Medical Pharma, Inc.; and Mead Johnson & Company, LLC is also positively influencing market growth. For instance, in November 2017, BASF Corporation signed a distribution agreement with DIEM Labs, LLC.
Moreover, increasing incidence of various chronic diseases such as neurological diseases is anticipated to increase the applications of medical foods during the forecast period. For instance, according to The Alzheimer's Association's 2022 Report in the U.S., approximately 6.5 million individ als lived ith Alzheimer’s disease in 2022.
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Our clientele includes a mix of medical foods market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. medical foods market , including forecasts for subscribers. This country databook contains high-level insights into U.S. medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. medical foods market size, by route of administration, 2018-2030 (US$M)
U.S. Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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