Press release
Enteral Feeding Formula Market: Rising Geriatric Population and Technological Advancements Propel Growth at 9.6% CAGR
Enteral Feeding Formula Market Growth
Accelerating Global Demand Propels Enteral Feeding Formula Market Towards $10.67 Billion by 2029
What Is The Projected Market Size Of The Global Enteral Feeding Formula Market And Its Growth Rate?
Recent years have witnessed a strong growth in the global enteral feeding formula market.
• Market Size in 2024: $6.53 billion
• Market Size in 2025: $7.16 billion (9.6% CAGR)
• Expected Market Size by 2029: $10.67 billion (10.5% CAGR)
Growth is attributed to rising geriatric population, increased chronic diseases prevalence, and technological advancements in enteral feeding formula among other factors.
What Is Driving The Growth In The Enteral Feeding Formula Market?
The significant growth of the global enteral feeding formula market is primarily propelled by the increasing geriatric population worldwide. This segment of the population is the most susceptible to chronic disorders, often requiring enteral route feeding, thereby elevating the demand for enteral foods. As projected by the World Health Organization, the global population of individuals aged 60 years is slated to increase to 1.4 billion by 2022 up from 1 billion in 2020. By 2030, every 1 in 6 people in the world will be 60 years or older. This growing geriatric population fuels the enteral feeding formula market's growth.
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Who Are the Key Players Driving Enteral Feeding Formula Market Growth?
Notable companies propelling the growth of the enteral feeding formula market include:
• Abbott Laboratories
• Nestlé S. A.
• Danone S. A.
• Fresenius Kabi AG
• B. Braun Melsungen AG
• Meiji Holdings Co. Ltd.
• Real Food Blends
• Ajinomoto Cambrooke Inc.
What Are The Key Trends In The Enteral Feeding Formula Market?
The enteral feeding formula market witnesses various trends. Some of these include:
• Development of disease-specific enteral feeding formulas
• Demand for plant-based and organic formulas
• Focus on immunonutrition in enteral feeding
• Customized enteral nutrition solutions
• Adoption of blenderized tube feeding formulas
What Are The Segments Of The Global Enteral Feeding Formula Market?
The global enteral feeding formula market can be segmented as per:
1) Product: Standard Formulas, Disease-Specific Formulas
2) Stage: Adults, Pediatrics
3) Application: Oncology, Gastroenterology, Neurology, Diabetes, Critical Care, Other Applications
4) End User: Hospitals, Long-Term Care Facilities
Which Region Leads The Enteral Feeding Formula Market?
In 2024, North America was the largest region in the enteral feeding formula market. However, Asia-Pacific is expected to register the fastest growth in the forecast period. The comprehensive report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Enteral Feeding Formula Market Global Market Report?
- Market Size Analysis: Analyze the Enteral Feeding Formula Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Enteral Feeding Formula Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Enteral Feeding Formula Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Enteral Feeding Formula Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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