The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Enteral Feeding Formula Global Market Report 2024, the enteral feeding formula market is expected to show promising growth in the forecast period.

The enteral feeding formula market has witnessed robust growth, surging from $6.02 billion in 2023 to an estimated $6.61 billion in 2024, boasting a substantial compound annual growth rate (CAGR) of 9.7%. This growth is attributed to factors such as the rising geriatric population, increased prevalence of chronic diseases, technological advancements, growing awareness of clinical nutrition, and the expansion of home healthcare services.

Anticipated Growth Trajectory in the Coming Years

• The enteral feeding formula market is poised for rapid growth, expected to reach $9.68 billion in 2028, with a CAGR of 10.0%.
• The forecasted expansion is fueled by the growing incidence of malnutrition, expansion of the elderly population, advances in enteral nutrition research, increasing adoption of home enteral nutrition, and the rise in the number of hospitals and long-term care facilities.

Geriatric Population: A Driving Force

• The growing geriatric population is a significant factor propelling the enteral feeding formula market.
• Globally, the number of individuals aged 65 or above is steadily increasing, leading to a higher demand for enteral foods.
• The World Health Organization projects the global population of individuals aged 60 years or above to reach 1.4 billion by 2022, highlighting the vulnerability of this demographic to chronic disorders.

Key Market Players Shaping the Industry

• Major companies contributing to the enteral feeding formula market include Abbott Laboratories, Nestlé S. A., Danone S. A., Fresenius Kabi AG, and others.
• These industry leaders play a crucial role in meeting the nutritional needs of diverse patient populations through innovative formulas and strategic initiatives.

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Innovations Drive Market Growth

• Product innovations are a significant trend in the enteral feeding formula market, offering customers a wider range of options.
• Companies like Cardinal Health, Inc. are launching cutting-edge products, such as the Kangaroo OMNI Enteral Feeding Pump, designed to address specific enteral feeding needs.
• These innovations enhance versatility, providing feeding, flushing, and hydration options, catering to both hospital and home settings.

Strategic Acquisition Expands Nutritional Portfolio

• Nutricia, a Netherland-based food and beverage company, made a strategic move by acquiring Real Food Blends in October 2021.
• This acquisition expands Nutricia’s portfolio, particularly targeting children and individuals with feeding tubes, providing more distinctive and nourishing alternatives for enteral nutrition.
• Real Food Blends, a US-based company, specializes in producing real-food products for tube feeding.

Market Segmentation and Regional Dynamics

• The enteral feeding formula market is segmented by product (Standard Formulas, Disease-Specific Formulas), stage (Adults, Pediatrics), application (Oncology, Gastroenterology, Neurology, Diabetes, Critical Care, Other Applications), and end-user (Hospitals, Long-Term Care Facilities).
• In 2023, North America dominated the market, with Asia-Pacific anticipated to be the fastest-growing region in the forecast period.

Future Trends: Catering to Diverse Nutritional Needs

• Emerging trends in the forecast period include the development of disease-specific enteral feeding formulas, the demand for plant-based and organic formulas, a focus on immunonutrition, customized enteral nutrition solutions, and the adoption of blenderized tube feeding formulas.
• These trends underscore the industry’s commitment to providing tailored nutritional solutions for varied patient needs.

Conclusion: Pioneering Nutritional Solutions The enteral feeding formula market’s growth reflects its pivotal role in addressing the nutritional needs of diverse patient populations. As the industry continues to innovate, expand its product portfolio, and cater to emerging trends, it not only meets current demands but paves the way for a future where nutritional solutions are both advanced and customized. With a projected market size of $9.68 billion by 2028, the journey towards pioneering nutritional excellence is well underway.

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