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Rising Geriatric Population Fuels Growth Of Enteral Feeding Formula Market Driver: A Major Catalyst in the Evolution of the Enteral Feeding Formula Market in 2025
Which drivers are expected to have the greatest impact on the over the enteral feeding formula market's growth?The surge in the elderly population is set to spur the growth of the enteral feeding formula market. There has been a noticeable rise in global citizens older than 65 years recently. Seniors are most susceptible to chronic diseases and often necessitate enteral feeding. Consequently, the growing age demographic adds to the demand for enteral nutrition. For instance, based on data from the World Health Organization, a Switzerland-based global health agency, in October 2022, the world's population aged 60 years or above is estimated to rise to 1.4 billion by 2022 from 1 billion in 2020. Furthermore, by 2030, 1 in 6 people globally will be over 60 years of age. Hence, the increasing geriatric population will be the driving force propelling the growth of the enteral feeding formula market.
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What is the future CAGR of the enteral feeding formula market, and how will it impact industry expansion?
The market size for enteral feeding formula has experienced robust growth in recent years. It is projected to expand from $6.53 billion in 2024 to $7.16 billion in 2025, creating a compound annual growth rate (CAGR) of 9.6%. Several factors have contributed to this growth in the historic period, including a growing elderly population, higher incidences of chronic illnesses, technological advancements in enteral feeding formulas, increased understanding of clinical nutrition, and the expansion of home healthcare services.
In the ensuing years, a rapid surge in the size of the enteral feeding formula market is projected, with an estimated value of $10.67 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 10.5%. The progression in the market during the forecast period could be owing to increasing malnutrition cases, the swelling aged population demographic, advancements in enteral nutrition science, a rising trend of home-based enteral nutrition, and an increase in the count of hospitals and long-term care institutions. Main trends for the forecast period include the creation of disease-specific enteral feeding formulas, a surge in demand for plant-based and organic formulas, an emphasis on immunonutrition in enteral feeding, personalised enteral nutrition solutions and increased preference towards blenderized tube feeding formulas.
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What are the most significant trends transforming the enteral feeding formula market today?
One predominant trend emerging in the enteral feeding formula market is product innovation. Numerous leading companies in this sector continually invest in the creation and introduction of newer, cutting-edge enteral formulas. By unveiling these new products, consumers have a wider range of choices, boosting the demand for enteral feeding formulas and instigating growth in the market. In September 2023, for example, Cardinal Health, Inc., a healthcare services company based in the U.S., rolled out the Kangaroo OMNI Enteral Feeding Pump across the country. This trailblazing pump is crafted to provide a spectrum of options that cater specifically to the varying needs of patients throughout their enteral feeding process. It is the inaugural and sole attitude-independent enteral feeding system in the U. S. capable of administering thick, homogenized and mixed formulas. Its compact, transportable design lends flexibility for feeding, flushing, and hydration. It also has the ability to provide a 30-day feeding history. In essence, Kangaroo OMNI strikes a balance between the enteral feeding prerequisites of patients and caregivers, applicable in both hospital and home environments.
Which key market segments comprise the enteral feeding formula market and drive its revenue growth?
The enteral feeding formula market covered in this report is segmented -
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
Subsegments:
1) By Standard Formulas: Polymer-Based Formulas, Oligomeric Formulas, High-Protein Formulas
2) By Disease-Specific Formulas: Diabetic Formulas, Renal Formulas, Pulmonary Formulas, Oncology Formulas
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What regions are at the forefront of enteral feeding formula market expansion?
North America was the largest region in the enteral feeding formula market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enteral feeding formula market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the enteral feeding formula market?
Major companies operating in 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., Otsuka Pharmaceutical Co. Ltd., Medtrition Inc., Nutri-Force Nutrition, Global Health Product Inc., VICTUS, Primus Pharmaceuticals Inc., Kate Farms, Baxter International Inc., Perrigo Nutritionals LLC, Reckitt Benckiser Group plc, Bio-Serv Inc., Nutrabalace Ltd., ProSynbiotics, Med-Diet Laboratories Inc., Precision Foods-kent corporation, SimplyThick LLC, Coram LLC, Vitaflow LLC
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What Is Covered In The Enteral Feeding Formula Global Market Report?
•Market Size Forecast: Examine the enteral feeding formula market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the enteral feeding formula market for a structured understanding.
•Key Players Overview: Analyze major players in the enteral feeding formula market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the enteral feeding formula market.
•Segment Contributions: Evaluate how different segments drive overall growth in the enteral feeding formula market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the enteral feeding formula market.
•Industry Challenges: Identify potential risks and obstacles affecting the enteral feeding formula market.
•Competitive Landscape: Review strategic developments in the enteral feeding formula market, including expansions, agreements, and new product launches.
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