Enteral Feeding Formulas Market | Rising Need For Operational Efficiency and Agile Production

The report "Enteral Feeding Formulas Market by Product (Polymeric, Elemental, Disease-specific), Stage (Adults, Pediatrics), Application (Oncology, Gastroenterology, Neurology, Hypermetabolism), End User (Hospitals, LTCF, Home care) - Global Forecast to 2027", is projected to reach USD 8.2 billion by 2027 from USD 5.2 billion in 2022, growing at a CAGR of 9.5% during the forecast period.

Factors such as benefits of enteral nutrition over parenteral nutrition, increase in cost for healthcare expensis, rise in the number of preterm births, growing population of gerartric patients, increased prevalence of chronic diseases such as GI disorders, neurological disorders, Diabetses, etc., increased awareness of enteral nutrition in emerging countries are expected to improve market growth. However, rising cases of feeding and medication errors and underfeeding; and the complications associated with lack of skilled proffesionals are restricting the growth of this market to a certain extent. Also, insufficient or lack of reimbursements in some developing and underdeveloped countries and a dearth of trained physicians across the globe pose significant challenges for the growth of this market.

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Objectives of the Study:

• To validate the segmentation defined through the assessment of the product portfolios of the leading players in the market

• To understand key industry trends and issues defining the growth objectives of market players

• To gather both demand- and supply-side validation of the key factors affecting market growth, including market drivers, restraints, opportunities, and challenges

• To validate assumptions for the market sizing and forecasting model used for this market study

• To understand the market positions of the leading players in the enteral feeding formula market and their shares/rankings

• To understand the ongoing pricing trends in the market and future expectations Speak

Companies Insight

Nestlé is a multinational health, nutrition, and wellness company. It manufactures and markets milk-based products, pharmaceuticals, baby foods and cereals, ophthalmic goods, and cooking aids. The company operates in seven major business segments—Powdered and Liquid Beverages, Petcare, Nutrition and Health Science, Prepared Dishes and Cooking Aids, Milk Products and Ice cream, Confectionary, and Water. The company provides a range of enteral feeding formulas through its Nestlé Health Science segment. In 2021, the Nestlé Health Science segment contributed the largest share of 5.5% to the company’s revenue, which was 3.9% in 2020. The continuous growth of this segment is primarily due to its strong product portfolio, brand recognition, and high demand for nutritional formulas. In 2021 and 2022, the company acquired Orgain (US) and The Bountiful Company (US), which enabled the company to expand its presence in the market. The company operates in over 186 countries across Zone EMENA (Europe, Middle East, and North Africa), Zone AMS (The Americas), and Zone AOA (Asia, Oceania, and Africa).

Fresenius Kabi has a strong global footprint and focuses on providing high-quality, innovative clinical nutrition solutions. The company has a wide geographic presence in established markets and a broad product portfolio that includes nutritional supplements and tube feed & pediatric feed products. Along with this, Fresenius Kabi supports external development projects. The company also established the United for Clinical Nutrition (UFCN) initiative to raise awareness of disease-related malnutrition worldwide. This has enabled the company to expand its geographic presence.

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