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Rising Geriatric Population Fuels Growth Of Enteral Feeding Formula Market: Transformative Forces Shaping the Enteral Feeding Formula Market Landscape in 2025
Enteral Feeding Formula Market
What Will the Enteral Feeding Formula Industry Market Size Be by 2025?
In recent times, there has been robust growth in the size of the enteral feeding formula market. It is projected to escalate from $6.53 billion in 2024 to $7.09 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.6%. Factors contributing to the growth during the historic period include a surging elderly population, greater incidence of chronic diseases, technological progress in the domain of enteral feeding formula, a heightened understanding of clinical nutrition, and the broadening scope of home healthcare services.
What's the Long-Term Growth Forecast for the Enteral Feeding Formula Market Size Through 2029?
Substantial growth is anticipated in the enteral feeding formula market in the forthcoming years, with expectations to reach a worth of $10.44 billion by 2029, growing at a CAGR of 10.1%. This anticipated growth within the forecast period can be linked to escalating instances of malnutrition, the growing elderly population, advancements in enteral nutrition studies, increased utilization of home enteral nutrition, along with the surge in numbers of hospitals and long-term care facilities. Key trends foreseen within the forecast period encompass the creation of disease-specific enteral feeding formulas, rising demand for organically sourced and plant-based formulas, attention on immunonutrition in enteral feeding, bespoke enteral nutrition solutions, and adoption of blenderized tube feeding formulas.
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What Are the Key Growth Drivers Fueling the Enteral Feeding Formula Market Expansion?
An increase in the geriatric population is expected to significantly contribute to the expansion of the enteral feeding formula market. A global rise in the population of people aged 65 and above has been recorded in the recent past. Chronic disorders are common among this age group, frequently necessitating enteral feeding. Consequently, the increase in the elderly population is likely to escalate the demand for enteral nutrition. For instance, according to an October 2022 report by the World Health Organization, an international public health entity based in Switzerland, individuals aged 60 years and above worldwide are expected to rise from 1 billion in 2020 to 1.4 billion in 2022. Moreover, it is predicted that by 2030, every 6th person globally will be more than 60 years old. As such, the escalating geriatric population will undoubtedly spur on the growth of the enteral feeding formula market.
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What Long-Term Trends Will Define the Future of the Enteral Feeding Formula Market?
The enteral feeding formula market is witnessing a surge in popularity due to the current trending focus on product innovations. Major participants in the market are continually introducing advanced enteral formulas, enhancing the range of available products for customers and fueling demand for enteral feeding formulas. This in turn drives growth in the market. To cite a specific example, in September 2023, a notable health care services company from the US, Cardinal Health, Inc., unveiled the Kangaroo OMNI Enteral Feeding Pump in the US market. This innovative pump has been specially engineered to provide patients a set of options that are customized for their unique needs at various stages of their enteral feeding journey. The Kangaroo OMNI holds the distinction of being the first and only attitude-independent enteral feeding system in the U.S that is capable of administering thick, well-mixed, and blended formulas. Its portable, compact design offers a versatile solution for feeding, flushing, and hydration and features the ability to record a feeding history spanning 30 days. Designed as a holistic solution, the Kangaroo OMNI addresses all aspects of enteral feeding needs of patients and their caregivers in both hospital and home environments.
How Is the Enteral Feeding Formula Market Segmented?
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 Companies Are Leading the Charge in Enteral Feeding Formula Market Innovation?
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
Which Regions Are Leading the Global Enteral Feeding Formula Market in Revenue?
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
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