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Global Enteral Feeding Formulas Market Size To Hit $10.94 Billion By 2030, Growing At A CAGR Of 9.5%, Says Coherent Market Insights
| Report Coverage | Details |
| Market Revenue in 2023 | $5.79 billion |
| Estimated Value by 2030 | $10.94 billion |
| Growth Rate | Poised to grow at a CAGR of 9.5% |
| Historical Data | 2018–2021 |
| Forecast Period | 2023–2030 |
| Forecast Units | Value (USD Million/Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product, By Flow Type, By Stage, By Indication, By End Use, By Sales Channel |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of World |
| Growth Drivers | . Rising incidence of chronic diseases . Changes in healthcare landscape and reimbursement policies . Increasing preference for homecare services |
| Restraints & Challenges | . Risk of infection associated with tubes . Availability of alternative nutrition therapies |
Market Trends :
New product launches catering to disease-specific nutrition needs is a key trend witnessed in the market. For instance, in 2021, Nutricia launched Nutrison ProteinPlus, an enteral feeding formula enriched with protein for patients suffering from malnutrition. Similarly, companies are focusing on development of organic and clean label enteral nutrition products to cater to evolving consumer preferences for natural ingredients. Furthermore, rising adoption of home enteral feeding over hospital enteral feeding owing to convenience and cost effectiveness is also expected to support the market growth during the forecast period.
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Standard formula accounts for the largest share in the market, holding around 35-40% share. Standard formula provides balanced nutrition to patients and helps meet their daily requirements. It is cost-effective and suitable for moderate health issues.
Disease-specific formulas target the unique dietary needs of patients with specific health conditions like diabetes, Alzheimer's, chronic kidney disease, etc. They are tailored with specific macronutrients, vitamins, and minerals required for better management of the disease. The customized nature of these formulas drives their demand.
Key Market Takeaways:
The global enteral feeding formulas market is anticipated to witness a CAGR of 9.5% during the forecast period 2023-2030, owing to the rising incidence of chronic diseases and growing elderly population worldwide requiring nutritional support.
On the basis of product, the standard formula segment is expected to hold a dominant position, accounting for over 35-40% market share owing to its cost-effectiveness and suitability for moderate health issues.
On the basis of flow type, the intermittent feeding flow segment is expected to hold a dominant position over the forecast period due to its ease of administration.
On the basis of stage, the adult segment is expected to hold a dominant position over the forecast period as adults are more prone to chronic diseases requiring nutritional support.
On the basis of region, North America is expected to hold a dominant position over the forecast period due to advanced healthcare facilities and higher awareness about clinical nutrition.
Key players operating in the enteral feeding formulas market include Nestle, VITUS, Primus Pharmaceuticals, Inc., Meiji Holdings. Co., Ltd, Mead Johnson & Company, LLC, Abbott, Danone S.A., and Fresenius Kabi AG. These players are focused on developing advanced and customized formulas to meet the growing need of patients.
Recent Developments:
In September 2023, Cardinal Health, announced the Kangaroo OMNI Enteral Feeding Pump in the U.S.
In September 2023, Vonco Products LLC, reported that the US. FDA has granted clearance for EnteraLoc Flow as an over-the-counter direct-connect feeding solution for enteral patients.
Request For Customization:
Market Detailed Segmentation:
By Product:
- Standard Formula Disease-specific Formulas Elemental Formulas Specialized Formulas
By Flow Type:
- Intermittent Feeding Flow Continuous Feeding Flow
By Stage:
- Adults Pediatrics
By Indication:
- Alzheimer's Nutrition Deficiency Cancer Care Diabetes Chronic Kidney Diseases Orphan Diseases Dysphagia Pain Management Others (Malabsorption/GI Disorder/Diarrhea, etc.)
By End Use:
- Hospitals
- Cardiology Neurology Critical Care (ICU) Oncology Others
By Sales Channel:
- Online Sales Retail Sales Institutional Sales
By Region:
North America :
- U.S. Canada
Latin America :
- Brazil Argentina Mexico Rest of Latin America
Europe :
- Germany U.K. Spain France Italy Russia Rest of Europe
Asia Pacific :
- China India Japan Australia South Korea ASEAN Rest of Asia Pacific
Middle East :
- GCC Countries Israel Rest of Middle East
Africa :
- South Africa North Africa Central Africa
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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