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Enteral Feeding Formula Market 2023 - Market Growth, Trends, Regional Outlook, Share And Forecast To 2032
Enteral Feeding Formula Market Analysis
Enteral Feeding Formula Market Size, Growth Rate, And Forecast
The global enteral feeding formula market size grew 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%.
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Enteral Feeding Formula Market Drivers
The growing geriatric population will propel the growth of the enteral feeding formula market. Globally, the number of people aged 65 years or above was increasing in recent years. The geriatric population is most vulnerable to chronic disorders and often requires feeding through the enteral route. Thus, the increasing number of old age people increases the demand for enteral foods.
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Enteral Feeding Formula Market Segments
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the enteral feeding formula market.
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Enteral Feeding Formula Market Key Players
Major competitors in the enteral feeding formula market include Abbott Laboratories, Nestlé SA, Danone SA, Fresenius Kabi AG, Mead Johnson Nutrition Company, B Braun Melsungen AG.
The Business Research Company's "Global Enteral Feeding Formula Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Enteral Feeding Formula Market Include:
1. Executive Summary
2. Enteral Feeding Formula Market Characteristics
3. Enteral Feeding Formula Market Trends And Strategies
4. Enteral Feeding Formula Market - Macro Economic Scenario
5. Enteral Feeding Formula Market Size And Growth
....
26. Africa Enteral Feeding Formula Market
27. Enteral Feeding Formula Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Enteral Feeding Formula Market
29. Enteral Feeding Formula Market Future Outlook and Potential Analysis
30. Appendix
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