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What Is the Forecast for the Enteral Feeding Formula Market from 2024 to 2025?

In recent years, the market size for enteral feeding formula has experienced significant growth. The market is projected to expand from $6.53 billion in 2024 to $7.16 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.6%. The growth witnessed in the historical period can be linked to factors such as the increase in the elderly population, the rising occurrence of chronic illnesses, technological advancements in the enteral feeding formula sector, heightened awareness about clinical nutrition, and the expansion of home healthcare services.

What Is the Projected Market Size of the Enteral Feeding Formula Market?

Forecasted to experience significant progress in the coming years, the enteral feeding formula market is projected to expand to $10.67 billion by 2029 with a 10.5% compound annual growth rate (CAGR). The expansion over the forecast period is associated with the rising rates of malnutrition, the enlargement of the elderly population, advancements in enteral nutritional studies, and an increase in the use of home-based enteral nutrition services, along with an increased number of hospitals and long-term care facilities. Major trends anticipated during the forecast period involve the creation of disease-specific enteral feeding formulas, increased demand for plant-based and organic formulas, a focus on immunonutrition within enteral feeding, the development of tailored enteral nutrition services, and the use of blenderized tube feeding formulas.

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Who are the Major Competitors in the Enteral Feeding Formula Market Outlook?

Major companies operating in the enteral feeding formula market include Abbott Laboratories, Nestlé S. A., Danone S. A., Fresenius Kabi AG, B. Braun Melsungen AG, Meiji Holdings Co. Ltd., Real Food Blends, Ajinomoto Cambrooke Inc., Otsuka Pharmaceutical Co. Ltd., Medtrition Inc., Nutri-Force Nutrition, Global Health Product Inc., VICTUS, Primus Pharmaceuticals Inc., Kate Farms, Baxter International Inc., Perrigo Nutritionals LLC, Reckitt Benckiser Group plc, Bio-Serv Inc., Nutrabalace Ltd., ProSynbiotics, Med-Diet Laboratories Inc., Precision Foods-kent corporation, SimplyThick LLC, Coram LLC, Vitaflow LLC

What Is Fueling Growth in the Enteral Feeding Formula Market?

The enteral feeding formula market is set to expand, driven largely by a rapidly aging global population. There has been a noticeable upsurge in the worldwide population aged 65 and over in recent years. This demographic is particularly susceptible to chronic illnesses, often necessitating enteral feeding. So, a rise in the elderly population boosts the need for enteral feeding products. For example, the World Health Organization, an international public health agency based in Switzerland, forecasted in October 2022 that the global count of people aged 60 years will rise to 1.4 billion by 2022 from 1 billion in 2020. In addition, by 2030, it’s expected that 1 in every 6 people globally will be 60 years or older. Thus, as a result of the expanding elderly population, the enteral feeding formula market is predicted to grow.

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Which Enteral Feeding Formula Market Segments Are Growing the Fastest?

The enteral feeding formula market covered in this report is segmented –

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

Subsegments:

1) By Standard Formulas: Polymer-Based Formulas, Oligomeric Formulas, High-Protein Formulas

2) By Disease-Specific Formulas: Diabetic Formulas, Renal Formulas, Pulmonary Formulas, Oncology Formulas

Which Industry Trends Are Shaping the Future of the Enteral Feeding Formula Market?

A rising trend in the enteral feeding formula market is the regular innovation and introduction of new products by leading companies. By presenting customers with a broader range of options, these new enteral formulas boost demand and consequently drive growth in the market. For example, in September 2023, Cardinal Health Inc., a healthcare service company in the US, introduced their innovative Kangaroo OMNI Enteral Feeding Pump within the US market. This inventive pump is uniquely developed to provide patients on enteral feeding programs with personalized options throughout their journey. The Kangaroo OMNI is the first and the only enteral feeding system in the U.S. capable of processing thick, homogenized, and blended formulas regardless of orientation. In addition to its compact, portable design, it offers flexibility for feeding, flushing, and hydration, as well as the ability to store up to 30 days of feeding history. The Kangaroo OMNI aims to comprehensively meet the enteral feeding needs of both patients and caregivers, in both hospital and home environments.

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Which Countries Are Leading the Enteral Feeding Formula Market?

North America was the largest region in the enteral feeding formula market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enteral feeding formula market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This Report Delivers Insight On:

1. How big is the enteral feeding formula market, and how is it changing globally?

2. Who are the major companies in the enteral feeding formula market, and how are they performing?

3. What are the key opportunities and risks in the enteral feeding formula market right now?

4. Which products or customer segments are growing the most in the enteral feeding formula market?

5. What factors are helping or slowing down the growth of the enteral feeding formula market?

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