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Enteral Feeding Formulas Market – By Product, By Stage, By Application, By End Use – Global Forecast, 2024 – 2032
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Enteral Feeding Formulas Market
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 185
Countries covered: 19
Pages: 150
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Enteral Feeding Formulas Market Size
The global enteral feeding formulas market size was valued at around USD 7 billion in 2023 and is estimated to grow at 7.1% CAGR from 2024 to 2032. Enteral feeding formulas are specifically designed liquid foods that are intended to provide nutrition to those who cannot eat by mouth because of such medical conditions as difficulty swallowing, digestive issues or certain diseases of the nervous system. They are administered through a feeding tube that passes directly to the stomach or small intestine.
Considering the worldwide increase in the prevalence of chronic conditions like cancer, stroke, multiple sclerosis, dementia, chronic liver disease, COPD and even diabetes, it is expected that the demand for solutions for oral intake will further increase. For instance, according to forecasts by the International Diabetes Federation (IDF), there will be a significant increase in the number of diabetes adults from 537 million in 2021 to 643 million in 2030, reaching 783 million by 2045.
Furthermore, dietary management of sarcopenia, a condition in older adults usually characterized by diminished muscle strength, often includes enteral foods. In a study published in BioMed Central in December 2022, it was demonstrated that median prevalence of sarcopenia among older adults is 1-29%, and it is more common among people in long-term care facilities. This study established a significant correlation between malnutrition and sarcopenia, here, it was acknowledged that loss of muscle mass was very high among the malnourished individuals. Considering this, together with the demographic factors of the elderly population and increase in age-related ailments, the market is on the cusp of tremendous growth.
Additionally, according to the World Health Organization (WHO), the worldwide preterm birth rate sits at 5-18% of total births. This means there is a direct rise in sip feeds for newborns. Adding to that problem is the issue of lack of nutrients, especially in infants and pregnant women, along with vital micronutrient proteins and other important nutrients. This scenario highlights the shortage of all these nutritional items targeted towards new mothers and babies.
Enteral Feeding Formulas Market Trends
The growing demand for specialized nutrition in treating conditions like oncology and inflammatory bowel disease, with further development of newborn specialized formula sip feeds will aid in boosting the market growth.
The increased number of patients and old people who constantly need enteral feeding due to chronic incurable diseases, and after surgical procedures or critical nursing is linear with the world market increase rates. For instance, according to the World Health Organization, by 2030 one in every six people is estimated to be 60 years old and above, and the global population in this age group will rise from one billion people in 2020 to 1.4 billion. By 2050, the value is expected to double to 2.1 billion people aged 60 and above. Also, the number of people aged 80 and above is projected to reach 426 million in 2050, which will be triple the value of the same number in 2020. This indicates a strong potential for demand growth in the market of enteral nutrition solutions with the demographic shift.
The advancement of delivery systems such as smart feeding pumps and handy packaging of enteral formulas is increasing patient acceptance and making the work easier for caregivers. These improvements are likely to enhance patient results and increase the use of enteral nutrition therapies.
Enteral Feeding Formulas Market Analysis
The market comprises standard formulas, disease-specific formulas, elemental formulas, semi-elemental formulas, and other variants. In 2023, standard formulas led the market, generating a revenue of USD 3.6 billion, primarily due to their widespread adoption across diverse patient groups and their cost-effectiveness.
Based on stage, the enteral feeding formulas market is divided into adults and pediatric segments. In 2023, adults accounted for a dominant 82.2% share of the market revenue.
The enteral feeding formulas market is segmented into oncology, gastrointestinal diseases, neurological disorders, diabetes, critical care, and other applications based on application. The oncology segment is projected to reach USD 3.9 billion by 2032.
The enteral feeding formulas market is segmented by end use into hospitals, long-term care facilities, home care settings, and nursing homes. In 2023, the hospitals segment was valued at USD 3.2 billion.
In 2023, the U.S. enteral feeding formulas market was valued at USD 2.8 billion, with projections indicating a growth at a CAGR of 7.2% over the forecast period.
From 2024 to 2032, the UK enteral feeding formulas market is poised for notable expansion.
Japan's enteral feeding formulas market is set for considerable growth between 2024 and 2032.
Saudi Arabia's enteral feeding formulas market is on track for significant growth from 2024 to 2032.
Enteral Feeding Formulas Market Share
The market rests with a mixture of large and small to medium sized businesses from around the world that compete for shares, making the market highly competitive. One key part of the market plan includes the constant development of new products based on different types of technologies. It should be noted that many of these market leaders have an important position at the very top of this industry due to the fact that they tend to invest a lot of money into research and development so they can market new products quickly. Furthermore, mergers, acquisitions, and alliances play an important role in strengthening their position in the competitive market and widening the scope of their business due to changing regulations.
USPs for the top market players
Enteral Feeding Formulas Market Companies
Some of the eminent market participants operating in the enteral feeding formulas industry include:
Enteral Feeding Formulas Industry News
The enteral feeding formulas market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Product
Market, By Stage
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: