The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s enteral feeding formula market report forecasts the enteral feeding formula market size to grow to $8.37 Billion by 2027, with a CAGR (compound annual growth rate) of 9%.

Learn More On The Enteral Feeding Formula Market Report 2023 – https://www.thebusinessresearchcompany.com/report/enteral-feeding-formula-global-market-report

Enteral Feeding Formula Market Size Forecast
The global enteral feeding formula market is expected to grow from $5.46 billion in 2022 to $5.93 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The enteral feeding formula market size is expected to grow to $8.37 billion in 2027 at a CAGR of 9.0%.

North America held the largest enteral feeding formula market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Enteral Feeding Formula Market Driver ­– Growth In Geriatric Population
According to the World population ageing 2020 report by United Nations, there were 727 million people aged 65 years or above in 2020 and estimated the number to double by 2050, accounting for around 1.5 billion. The share of the older population in the total population was 9.3% in 2020, and by 2050 estimated to increase to 16.0%. Therefore, the growing geriatric population will drive the growth of the enteral feeding formula market forward.

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Key Enteral Feeding Formula Market Trend – Technological Advancement
Major companies in the market are constantly innovating and launching newer enteral formulas. The launch of new products provides customers with more options and increases demand for enteral feeding formulas, which drives the enteral feeding formula market. For instance, in August 2020, Kate farms, a manufacturer of plant-based feeding formulas, launched two new organic plant-based formulas, the standard 1.4 formula and pediatric peptide 1.0 formula. The new formulations would provide plant-based options to support patients suffering from chronic diseases or having difficulty maintaining or gaining weight.

Enteral Feeding Formula Market Segment
1) By Product: Standard Formulas, Disease-Specific Formulas
2) By Stage: Adults, Pediatrics
3) By Application: Oncology, Gastroenterology, Neurology, Diabetes, Critical Care, Other Applications
4) By End User: Hospitals, Long-Term Care Facilities

Enteral Feeding Formula Market Major Players and Strategies
Major players in the enteral feeding formula market are Abbott Laboratories, Nestlé SA, Danone SA, Fresenius Kabi AG, Mead Johnson Nutrition Company, B Braun Melsungen AG, Hormel Foods, Victus Inc., Meiji Holdings Co Ltd., Global Health Product Inc., Medline Industries Inc., Otsuka Pharmaceutical Factory, Rickett Benckiser Group PLC., Nutritional Medicinals LLC and Trovita Health Science.

In October 2021, Nutricia, a Netherland-based a part of food and beverage company, acquired Real Food Blends for an undisclosed amount. With this acquisition, Nutricia expands the Real Food Blends goal and portfolio to provide children and people with feeding tubes with even more distinctive and nourishing alternatives. Real food blends a US-based company that produces real-food products for tube feeding.

The Enteral Feeding Formula Global Market Report 2023 covers regional data on enteral feeding formula market size, enteral feeding formula market trends and drivers, opportunities, strategies, and enteral feeding formula market competitor analysis. The countries covered in the enteral feeding formula market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The enteral feeding formulas are food formulations containing specific nutrients as per the need of the consumer. Patients, who are in intensive care or are unable to swallow the food, need certain nutrients. The enteral feeding formulations can fulfil the nutrients and nutritional requirements. They are used for directly delivering the food or nutrients to the patient’s stomach or small intestine.

View More Reports Related To The Enteral Feeding Formula Market –
Enteral Feeding Devices Global Market Report 2023
Feeding Systems Global Market Report 2023
Infant Formula Ingredients Global Market Report 2023

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