The Enteral Feeding Formula Global Market Report 2023 by The Business Research Company, provides enteral feeding formula market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Enteral Feeding Formula Global Market Report 2023, the market size is expected to grow from$5.46 billion in 2022 to $5.93 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the enteral feeding formula is expected to grow to $8.37 billion in 2027 at a CAGR of 9.0%.
The growing geriatric population will propel the growth of the enteral feeding formula market. Globally, the number of people aged 65 years or above was increasing in recent years. The geriatric population is most vulnerable to chronic disorders and often requires feeding through the enteral route. Thus, the increasing number of old age people increases the demand for enteral foods.\
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The enteral feeding formula market 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
Technological advancements are a key trend gaining popularity in the enteral feeding formula market. Major companies in the market are constantly innovating and launching newer enteral formulas. The launch of new products provides customers with more options and increases demand for enteral feeding formulas, which drives the enteral feeding formula market. For instance, in August 2020, Kate farms, a manufacturer of plant-based feeding formulas, launched two new organic plant-based formulas, the standard 1.4 formula and pediatric peptide 1.0 formula. The new formulations would provide plant-based options to support patients suffering from chronic diseases or having difficulty maintaining or gaining weight.
The enteral feeding formula market report table of contents includes:
1. Executive Summary
2. Enteral Feeding Formula Market Characteristics
3. Enteral Feeding Formula Market Trends And Strategies
4. Enteral Feeding Formula Market – Macro Economic Scenario
5. COVID-19 Impact On Enteral Feeding Formula Market
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26. Africa Enteral Feeding Formula Market
27. Enteral Feeding Formula Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Enteral Feeding Formula Market
29. Enteral Feeding Formula Market Future Outlook and Potential Analysis
30. Appendix
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