Enteral Feeding Formula Market Anticipated To Witness Robust Growth, Surpassing $10.67 Billion By 2029

The Enteral Feeding Formula Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Enteral Feeding Formula Market Size and Its Estimated Growth Rate?
In recent times, there has been a significant expansion in the market size of enteral feeding formula. It is forecasted to rise from $6.53 billion in 2024 to reach $7.16 billion by 2025, reflecting a compound annual growth rate (CAGR) of 9.6%. This notable growth during the historic period is due to various factors such as the increasing number of elderly individuals, a surge in chronic disease cases, advancements in technology for enteral feeding formula, a heightened understanding of clinical nutrition, and the broadening scope of home healthcare services.

In the coming years, the market size of enteral feeding formula is anticipated to witness swift expansion, raising its value to $10.67 billion in 2029 with a compound annual growth rate (CAGR) of 10.5%. The expected growth in the market within the prediction period can be ascribed to the increasing cases of malnutrition coupled with the surge in the elderly population, advancements in the field of enteral nutrition research, and the rising trend of adopting home enteral nutrition. Additionally, there is increased establishment of hospitals and long-term care facilities. The forecast period will also see predominant trends such as the production of enteral feeding formulas tailored to specific diseases, rising demand for plant-based and organic formulas, emphasis on immunonutrition in enteral feeding, provision of personalized enteral nutrition solutions and acceptance of blenderized tube feeding formulas.

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How Are Emerging Segments Shaping the Enteral Feeding Formula Market Landscape?
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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Which Growth Factors Are Influencing Enteral Feeding Formula Market Expansion?
The enteral feeding formula market is set to expand, driven by the increasing elderly population worldwide. There's been a noted rise in people over the age of 65 globally in recent years, a demographic that is particularly susceptible to chronic diseases and often requires enteral feeding. Hence, as the elderly population increases, so does the demand for enteral feeding formulas. For example, in October 2022, projections from the Switzerland-based World Health Organization indicated that the global number of people above 60 years of age would rise to 1.4 billion by 2022 from 1 billion in 2020. Likewise, it is projected that by 2030, one in every six people globally will be over 60 years of age. As such, the surging elderly population is expected to continue driving the growth in the enteral feeding formula market.

Who Are the Dominant Players Across Different Enteral Feeding Formula Market Segments?
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

What Are the Latest Developing Trends in the Enteral Feeding Formula Market?
One of the significant trends catching on in the enteral feeding formula market is the continuous innovation in products. Prominent players in the market frequently develop and roll out new enteral formulas. Such product launches serve to broaden customer choices while elevating the demand for enteral feeding formulas, thereby boosting the market. Take, for example, Cardinal Health, Inc., a healthcare services firm based in the U.S., which launched the Kangaroo OMNI Enteral Feeding Pump in the U.S. in September 2023. This cutting-edge pump is designed to afford enteral feeding patients various options customized to their particular needs throughout their enteral feeding journey. Kangaroo OMNI has the distinction of being the first and sole attitude-independent enteral feeding system in the U.S capable of administering thick, homogenized, and mixed formulas. It stands out with its small, mobile design, offering the flexibility for feeding, flushing, and hydration, as well as the ability to log a 30-day feeding history. Hence, Kangaroo OMNI is a holistic solution crafted to cater to the enteral feeding needs of patients and caregivers, whether stationed at a hospital or at home.

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Which Geographic Regions Are Expected to Dominate the Enteral Feeding Formula Market in the Coming Years?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Enteral Feeding Formula Market?
2. What is the CAGR expected in the Enteral Feeding Formula Market?
3. What Are the Key Innovations Transforming the Enteral Feeding Formula Industry?
4. Which Region Is Leading the Enteral Feeding Formula Market?

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