Uploaded on Nov 18, 2022
The global enteral feeding formulas market is projected to reach USD 8.2 billion by 2027 from USD 5.2 billion in 2022, growing at a CAGR of 9.5% during the forecast period. Growth in this market is largely driven by factors such as the benefits and cost-effectiveness of enteral nutrition over parenteral nutrition, rise in preterm births, growing demand for enteral feeding in the home care sector, and rapid growth in the geriatric population and subsequent growth in the prevalence of chronic diseases. On the other hand, complications involved with enteral feeding and lack of patient awareness are expected to hinder the market growth.
A Survey On Enteral Feeding Formulas Market: Applications, Technology Trends and Challenges 2022 - 2027
MarketsandMarkets
Presents
Enteral Feeding Formulas Market worth $8.2 billion by 2027
https://www.marketsandmarkets.com/Market-Reports/enteral-feeding-formulas-market-748
76393.html
The report "Enteral Feeding Formulas Market by Product (Polymeric, Elemental,
Disease-specific), Stage (Adults, Pediatrics), Application (Oncology, Gastroenterology,
Neurology, Hypermetabolism), End User (Hospitals, LTCF, Home care) - Global Forecast
to 2027", is projected to reach USD 8.2 billion by 2027 from USD 5.2 billion in 2022,
growing at a CAGR of 9.5% during the forecast period.
Factors such as benefits of enteral nutrition over parenteral nutrition, increase in cost
for healthcare expensis, rise in the number of preterm births, growing population of
gerartric patients, increased prevalence of chronic diseases such as GI disorders,
neurological disorders, Diabetses, etc., increased awareness of enteral nutrition in
emerging countries are expected to improve market growth. However, rising cases of
feeding and medication errors and underfeeding; and the complications associated
with lack of skilled proffesionals are restricting the growth of this market to a certain
extent. Also, insufficient or lack of reimbursements in some developing and
underdeveloped countries and a dearth of trained physicians across the globe pose
significant challenges for the growth of this market.
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Objectives of the Study:
• To validate the segmentation defined through the assessment of the product
portfolios of the leading players in the market
• To understand key industry trends and issues defining the growth objectives of
market players
• To gather both demand- and supply-side validation of the key factors affecting
market growth, including market drivers, restraints, opportunities, and challenges
• To validate assumptions for the market sizing and forecasting model used for this
market study
• To understand the market positions of the leading players in the enteral feeding
formula market and their shares/rankings
• To understand the ongoing pricing trends in the market and future expectations
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The study categorizes the enteral feeding formula market based on
product , stage, application, end user and regional & global level.
Global enteral feeding formula market, by Product
• Standard Formula
• Disease specific
• Diabetic Formula
• Renal Formula
• Hepatic Formula
• Pulmonary Formula
• Other Disease Specific Formula
• Peptide based formula
• Other Formula
Global enteral Feeding Formula Market, by Application
• Oncology
• Gastrointestinal Diseases
• Neurological Disorders
• Diabetes
• Other Applications
Abbott (US), Nestlé S.A. (Switzerland), Danone S.A. (France), Fresenius Kabi (Germany),
B. Braun Melsungen AG (Germany), Otsuka Holding Co. Ltd. (Japan), Nutritional
Medicinals, LLC (US), Kate Farms (US), Medtrition Inc. (US), Victus, Inc. (US), Global
Health Products, Inc. (US), Meiji Holdings Co., Ltd. (Japan), Reckitt Benckiser Group PLC.
(UK), Hormel Foods Corporation (US), DermaRite Industries, LLC. (US), Medline
Industries, LP. (US), Real Food Blends (US), and Ajinomoto Cambrooke, Inc. (US) and
Among others
Companies Insight
Nestlé is a multinational health, nutrition, and wellness company. It manufactures and markets
milk-based products, pharmaceuticals, baby foods and cereals, ophthalmic goods, and cooking
aids. The company operates in seven major business segments—Powdered and Liquid
Beverages, Petcare, Nutrition and Health Science, Prepared Dishes and Cooking Aids, Milk
Products and Ice cream, Confectionary, and Water. The company provides a range of enteral
feeding formulas through its Nestlé Health Science segment. In 2021, the Nestlé Health Science
segment contributed the largest share of 5.5% to the company’s revenue, which was 3.9% in
2020. The continuous growth of this segment is primarily due to its strong product portfolio,
brand recognition, and high demand for nutritional formulas. In 2021 and 2022, the company
acquired Orgain (US) and The Bountiful Company (US), which enabled the company to expand its
presence in the market. The company operates in over 186 countries across Zone EMENA
(Europe, Middle East, and North Africa), Zone AMS (The Americas), and Zone AOA (Asia,
Oceania, and Africa).
Fresenius Kabi has a strong global footprint and focuses on providing high-quality, innovative
clinical nutrition solutions. The company has a wide geographic presence in established markets
and a broad product portfolio that includes nutritional supplements and tube feed & pediatric
feed products. Along with this, Fresenius Kabi supports external development projects. The
company also established the United for Clinical Nutrition (UFCN) initiative to raise awareness of
disease-related malnutrition worldwide. This has enabled the company to expand its geographic
presence.
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Press release:
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formulas.asp
Research insights:
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g-formulas-market.asp
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