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Enteral Feeding Formula Market 2023 - By Size, Trend Analysis, Growth Drivers And Forecast To 2032
Enteral Feeding Formula Market
The Business Research Company's Enteral Feeding Formula Global Market Report 2023 identifies growing geriatric population as the major driver for the Enteral Feeding Formula market's growth in the forecast period. 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.
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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Major competitors in the Enteral Feeding Formula market are Abbott Laboratories, Nestlé SA, Danone SA, Fresenius Kabi AG, Mead Johnson Nutrition Company.
A key trend in the Enteral Feeding Formula market includes technological advancements. Major companies in the market are constantly innovating and launching newer enteral formulas. The launch of new products provides customers with more options and increases demand for enteral feeding formulas, which drives the enteral feeding formula market. For instance, in August 2020, Kate farms, a manufacturer of plant-based feeding formulas, launched two new organic plant-based formulas, the standard 1.4 formula and pediatric peptide 1.0 formula. The new formulations would provide plant-based options to support patients suffering from chronic diseases or having difficulty maintaining or gaining weight.
Read More On The Global Enteral Feeding Formula Market Report Here:
https://www.thebusinessresearchcompany.com/report/enteral-feeding-formula-global-market-report
The Enteral Feeding Formula market is segmented -
• By Product: Standard Formulas, Disease-Specific Formulas
• By Stage: Adults, Pediatrics
• By Application: Oncology, Gastroenterology, Neurology, Diabetes, Critical Care, Other Applications
• 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.
The Business Research Company's "Global Enteral Feeding Formula Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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