Enteral Feeding Formulas Market Analysis, Size, Growth,
Share, Trend, Forecast 2023 - 2030
Enteral Feeding Formulas Market Growth & Trends
The global enteral feeding formulas market size is expected to reach USD 10.5 billion by 2030 and is estimated to expand at a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Increase in the incidence of gastrointestinal (GI) diseases, renal failure, liver failure, hyperglycemia/diabetes, acute & chronic pulmonary disease is projected to drive the adoption of enteral nutrition formulas. In addition, the rise in the number of premature births that increases the need for enteral feeding formulation in the neonatal period is one of the major factors expected to boost market growth over the years.
The standard formulation segment dominated the market by product with a revenue share of 53.7% in 2021. Standard enteral feeding formulation, which is generally composed of different sources of micronutrients, such as carbohydrates, protein, and fats, is most commonly used by the patient population. Therefore, high availability and increase in consumption of standard formulation boost segment growth. On the other hand, diseasespecific formulas are composed of varying micronutrient and macronutrient content according to the particular disease and are recommended to consume only as per specific medical recommendations.
Based on flow type, the intermittent feeding flow type accounted for the highest revenue share of 94.3% in 2021. This high segment share can be
attributed to its better tolerance in patients and improved whole-body protein synthesis. In addition, the increase in adoption of intermittent feeding among hospitals and home care settings due to its benefits, such as increased insulin and peptide, improved mesenteric arterial blood flow, and reduced blood glucose concentration, is further supporting segment growth. Moreover, the continuous feeding flow segment is expected to witness growth at a lucrative rate owing to its increasing preference and recommendation for critically ill patients suffering from cancer, respiratory failure, and severe burns.
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Furthermore, the rapid increase in COVID-19 cases globally, coupled with a large number of people suffering from various chronic disorders and an increase in the geriatric population susceptible to various health conditions, is the major factor boosting the market growth. An increase in inpatient admission to the ICU due to COVID-19 infection and a growing preference to consume enteral nutrition to maintain health conditions also accelerated the market growth during the pandemic. Furthermore, COVID-19 infection has negatively impacted the nutritional status of patients due to multiple reasons, such as dysphagia, excessive coughing, chronic fatigue, dysphagia, and poor appetite, thus driving the adoption of enteral feeding formulas.
Enteral Feeding Formulas Market Report Highlights
The global market size is anticipated to be valued at USD 10.5 billion by 2030, owing to the increasing prevalence of gastrointestinal & chronic diseases and a rise in preterm births
The standard formulas segment dominated the market in 2021 with a revenue share of 53.7%, owing to high availability and increasing adoption
The intermittent feeding flow segment dominated the market in 2021 with a revenue share of 94.3%, owing to better tolerance in patients shown by intermittent flow as compared to bolus feeding
The adults segment accounted for the largest revenue share of 88.6% in the market in 2021, owing to the rising adoption of tube feeds in adults and the availability of a large number of tube feeds or products for adults on a commercial level
North America dominated the global market with a revenue share of 28.9% in 2021, owing to the increasing prevalence of gastrointestinal and chronic diseases, such as cancer, diabetes, and cardiovascular conditions
Enteral Feeding Formulas Market Segmentation
GrandViewResearchhassegmentedtheglobalenteralfeedingformulasmarketbased onproduct,flowtype,stage,indication,end-user,andregion:
Enteral Feeding Formulas Product Outlook (Revenue, USD Million, 2014 - 2030)
Standardformula
Disease-specificformula
Enteral Feeding Formulas Flow Type Outlook (Revenue, USD Million, 2014 - 2030)
Intermittentfeedingflow
Continuousfeedingflow
Enteral Feeding Formulas Stage Outlook (Revenue, USD Million, 2014 - 2030)
Adult
Pediatric
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Enteral Feeding Formulas Indication Outlook (Revenue, USD Million, 2014 - 2030)
Alzheimer’s
NutritionDeficiency
CancerCare
Diabetes
ChronicKidneyDiseases
OrphanDiseases
Dysphagia
PainManagement
Malabsorption/GIDisorder/Diarrhea
Others
Enteral Feeding Formulas End-user Outlook (Revenue, USD Million, 2014 - 2030)
Hospitals
o Cardiology
o Neurology
o CriticalCare(ICU)
o Oncology
o Others
HomeCare
Enteral Feeding Formulas Sales Channel Outlook (Revenue, USD Million, 20142030)
OnlineSales
InstitutionalSales
RetailSales
Enteral Feeding Formulas Regional Outlook (Revenue, USD Million, 2014 - 2030)
NorthAmerica
o U.S.
o Canada
Europe
o U.K.
o Germany
o Italy
o France
o Spain
o Russia
Asia-Pacific
o Australia
o China
o Japan
o SouthKorea
o India
o Singapore
o NewZealand
LatinAmerica
o Mexico
o Brazil
o Argentina
MiddleEastAfrica
o SouthAfrica
o SaudiArabia
List of Key Players in the Enteral Feeding Formulas Market
Abbott
DanoneSA
FreseniusKabi
Nestlé
Victus,Inc.
PrimusPharmaceuticals,Inc.
MeijiHoldings.Co.,Ltd
RickettBenckiserGroupPlc
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