Report Code: 12877 | Available Format: PDF | Pages: 290
The global enteral feeding formulas market was valued at USD 5,781.8 million in 2023, and it is expected to reach USD 10,963.7 million in 2030, with a growth rate of 9.7% during 2024–2030. This is attributed to the rise in the geriatric population and increase in the prevalence of chronic diseases, such as cancer, diabetes, gastrointestinal diseases, and neurological diseases.
Another factor that is driving the growth of the market is the high incidence of malnutrition or deficiencies in nutrient intake.
Moreover, the growing number of premature births globally is boosting the adoption of enteral feeding formulas to meet the nutritional requirements of newborns, which is expected to drive the market over the years. Furthermore, the increasing number of road accidents and injuries are set to fuel the growth of this market.
Standard formulas held the largest share of 35%, in 2023, and they are expected to dominate the product segment throughout the forecast period. This can be attributed to the fact that this formula is designed for adults or children who have normal digestion. Furthermore, standard formulas can be used for both enteral feeding and as an oral supplement.
The disease-specific formulas category is expected to witness the highest CAGR during 2024–2030. This is due to the increase in the prevalence of chronic diseases, such as cancer, diabetes, and cardiovascular diseases. In addition, disease-specific formulae are formulated for specific patient populations with particular diseases.
The pediatrics category held the largest revenue share in 2023, and it is expected to grow at a CAGR of 9.8% during 2024–2030. This can be attributed to the growing number of preterm births and high incidence of chronic conditions in small kids. Furthermore, companies are launching formulas especially crafted keeping the nutrition needs of pediatric users in mind. Moreover, companies are launching plant-based foods to allay parents’ concerns over harmful chemicals.
Further, in March 2020, Kate Farms announced new clinical data for its plant-based enteral nutrition products that demonstrate enhanced GI tolerance in diverse populations with a range of diseases.
Furthermore, in June 2022, Prolacta Bioscience Inc. announced the first evidence-based feeding protocol for the use of an exclusive human milk diet, including Prolacta’s products. Prolacta’s EHMD ProtocolTM is designed for prematurely born babies with below-normal weight who face the risk of the risks of inadequate nutrition.
Companies are even investing to expand and strengthen their manufacturing capabilities in the domain.
Similarly, in October 2022, Abbott Nutrition announced plans to invest USD 500 million in the development of a new factory for specialty and metabolic infant formulas.
The adults category also holds a significant share. This is due to the rise in the adoption of enteral feeding among adults suffering from cancer, diabetes, chronic obstructive pulmonary diseases, stroke, dementia, chronic liver disease, and multiple sclerosis. Moreover, companies are launching plant-based products in multiple flavors for adults.
The gastrointestinal diseases generated the highest feeding formulas market revenue in 2023, of around USD 1.5 billion, and it is expected to dominate the application segment throughout forecast period. This is due to the increasing incidence of gastrointestinal diseases, which affect the GI tract from the buccal cavity to the anus. Some examples are nausea, lactose intolerance, food poisoning, and diarrhea.
Feeding formulas are also preferred in various disease conditions, such as neurological diseases, diabetes, fatigue, cancer, and stroke, which make it difficult to eat. Cancer is the second-largest market for feeding formulas as its prevalence is increasing globally.
Based on end user, the Hospitals category accounted for the largest share in the market in 2023, of 60%, and it is predicted to grow at a significant rate during the forecast period. This is attributed to the rise in the administration of enteral feeding formulas to patients who require long-term care in the hospital. Furthermore, for many chronic diseases, tube feeding is the only option to give patients nutrition, which is another key factor contributing to the growth of the category.
Report Attribute | Details |
Market Size in 2023 |
USD 5,781.8 Million |
Market Size in 2024 |
USD 6,274.3 Million |
Revenue Forecast in 2030 |
USD 10,963.7 Million |
Growth Rate |
9.7% CAGR |
Historical Years |
2017-2023 |
Forecast Years |
2024-2030 |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Product, By Age Category, By Flow Type, By Application, By End User |
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North America is expected to continue leading the market with a share of around 55% in 2030. This will be due to the standardized and favorable FDA guidelines for such products in the U.S.
Moreover, the launch of enhanced and more-nutrition products, resulting from the increasing extent of research and development activities, is expected to boost the market growth in this region in the coming years.
In the same way, Canada’s significance in the regional market is because of the innovations in infant formulae.
This report offers deep insights into the enteral feeding formulas market, with size estimation for 2017 to 2030, the major drivers, restraints, trends and opportunities, and competitor analysis.
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