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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rising Demand for Enteral Feeding Formulas to Drive the Growth of the Market
The market growth is being driven by the rising demand for enteral feeding formula by patients affected by chronic diseases, such as cancer, cardiovascular diseases, and diabetes, among others. Enteral feeding helps patients with oral intake problems who are unable to consume food, and thus feeding is done with the help of a tube. In addition to this, the growth in the geriatric population and age-related health disorders are significant factors positively influencing the growth of the market.
The weakening of muscles mass and body composition leads to reduced ability to perform daily tasks, such as eating and walking, which augments the demand for enteral feeding formulas to prevent the risk of adult malnutrition, thereby invigorating the market growth. Furthermore, the market is further being led by the rise in a number of preterm births, which invigorates the demand for enteral feeding to meet nutritional requirements in newborn babies.
Enteral Feeding Formulas Market Report Snapshots
Enteral Feeding Formulas Market Size
Enteral Feeding Formulas Market Growth
Enteral Feeding Formulas Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global enteral feeding formulas market attained a value of nearly USD 8.14 billion.
The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 15.22 billion by 2032.
The market is being driven by surging demand for enteral feeding formulas by patients affected from chronic diseases like cancer, cardiovascular disorders, and kidney diseases, among others.
Robust research and development and the corresponding development of new products to cater the increasing demand for enteral feeding formulas are pushing the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products of enteral feeding formulas are standard formula and disease specific formulas.
The various flow types of enteral feeding formulas are intermittent feeding flow and continuous feeding flow.
The several stages of enteral feeding formulas are adults and paediatrics.
The major indications of enteral feeding formulas are Alzheimer’s, nutrition deficiency, cancer care, diabetes, chronic kidney diseases, orphan diseases, dysphagia, pain management, and malabsorption/GI disorder, and diarrhoea, among others.
The significant end users of enteral feeding formulas are hospitals and home care.
The major players in the industry are Danone S.A., Nestlé S.A., Abbott Nutrition, Mead Johnson & Company, LLC, and Fresenius Kabi AG, among others.
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