Enteral Nutrition Market to exceed US$ 16,185.64 Mn in 2027, says The Insight Partners

According to The Insight Partners' research, the global enteral nutrition market is projected to accrue US$ 16,185.64 million by 2027 from US$ 8,611.49 million in 2018, expanding at 7.4% CAGR from 2019 to 2027. Increasing malnutrition worldwide and growing incidence of chronic diseases are the crucial factors credited for market expansion.

Malnutrition is a deficiency or imbalance of energy, protein and other nutrients that leads to measurable adverse effects on tissue/body form in terms of body shape, size and composition as well as function and clinical outcomes. Infections such as measles, malaria and diarrhea are highly prevalent in the society that results into acute malnutrition, majorly among infants and children. Malnutrition is a universal problem that is prevalent in all the countries around the world. The increasing malnutrition have led to development of government policies and nourishment programs that promote and encourage the use of enteral nutritional supplements. Thus, government support along with increasing cases of malnutrition across the world is expected to promote the growth of enteral nutritional supplements over the coming years.

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Leading players shaping global enteral nutrition market dynamics are Abbott Laboratories; Nestlé S.A.; Danone S.A.; Fresenius Kabi AG; Mead Johnson & Company, LLC; B. Braun Melsungen AG; Global Health Products, Inc.; Meiji Holdings Company, Ltd.; Victus, Inc.; and Hormel Foods Corporation.

Research and development (R&D) in pre and post nutrition for various treatments is increasing across the globe due to increasing prevalence of chronic diseases. Enteral nutrition or tube feeding includes a special liquid mixture food that is broken down in the stomach and small intestine and further absorbed by the bowels. These mixtures comprise appropriate amounts of carbohydrates, proteins, amino acids, vitamins, fats, minerals, and other vital nutrients. The rising number of patients suffering with chronic diseases are likely to increase the prescribed consumption of enteral nutrition formulas across the globe. On the other hand, complications associated with enteral nutrition will likely hinder market expansion over the forecast timeframe.

Based on form, the global enteral nutrition market is divided into liquid and powder. Of these, liquid segment held 80.91% of the market share in 2018. The segment was valued at US$ 6,967.47 million in 2018 and is slated to garner US$ 13,493.53 million by 2027, growing at 7.7% CAGR from 2019 to 2027.

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Speaking of nutrient composition, the market is split into protein-based, carbohydrate-based, fat-based, vitamin-based, and others. Among these, the protein-based segment captured 36.04% of the market share in 2018. The segment was assessed at US$ 3,104.00 million in 2018 and is predicted to garner US$ 6,126.44 million by 2027, augmenting at 7.9% CAGR over the forecast timeframe.

As per distribution channel, the market is arrayed into hospitals, retail pharmacies, and online pharmacies. Of these, the hospitals segment accounted for 51.97% of the market share in 2018. The segment was gauged US$ 4,475.52 million in 2018 and is anticipated to gather US$ 8,634.93 million by 2027, growing at 7.7% CAGR during 2019-2027.

Regionally speaking, North America held a significant share in the global enteral nutrition market in 2018. The region amassed US$ 2,613.69 million in 2018 and is estimated to accrue US$ 5,056.39 million by 2027, expanding at 7.7% CAGR between 2019 and 2027. Meanwhile, APAC is predicted to record a stellar growth rate of 8% CAGR over the analysis timeframe and gather US$ 4,101.44 million by 2027.

• In June 2017, Mead Johnson completed its merger with Reckitt Benckiser Group Plc. The company is expected to benefit in terms of robust distribution network of RB and the high technological, research & development skills of the company.

• In March 2017, B. Braun Medical Ltd launched Nutricomp Drink Plus, a new range of nutritionally complete nutritious beverages. This high-energy milkshake style supplement will be available in the market in four flavors.

• In December 2016, Fresenius Kabi recognized the growing demand for special nutritional products in Hong Kong and engaged DKSH to help them establish a stronger market presence.

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This release was published on openPR.