Current and Future Trends in the Enteral Feeding Formulas Market
According
to a new report added on MarketsandMarkets™, the Global Enteral
Feeding Formulas Market is projected to reach USD 8.2 billion by 2027
from USD 5.2 billion in 2022, growing at a CAGR of 9.5%. The research report
studies the market landscape and its growth prospects during the forecast
period. Several research tools such as Porter’s five forces analysis, SWOT
analysis, and so on, have been exercised to provide a precise understanding of
the overall market. The market research report provides an in-depth analysis of
the major trends and technologies that are playing an important role in the
growth of the market over the coming years. The study provides a detailed
assessment of Global Enteral Feeding Formulas Market, in terms of revenue,
throughout the aforementioned period.
Browse
233 market data Tables and 46 Figures spread through 233 Pages and in-depth TOC
on "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".
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a PDF Copy: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=74876393
The
research report provides a detailed analysis of the current and historical
market trends, development patterns, and the correlations between the market
dynamics and forecasts, as well as the hard-hitting market facts. The global Enteral
Feeding Formulas Market has been segmented on the basis of technology, product
type, application, distribution channel, end-user, and industry vertical, along
with the geography, delivering valuable insights. The report also takes into
account the market drivers, restraints, challenges, threats, and the potential
growth opportunities influencing the growth pattern of the key market segments.
The section also focuses on the key micro- and macroeconomic factors impacting
the growth of the overall market.
Prominent
Players:
Major
player included are Abbott (US), Nestlé S.A. (Switzerland), Danone S.A.
(France), Fresenius Kabi (Germany), B. Braun Melsungen AG (Germany), Otsuka
Holding Co. Ltd. (Japan), Nutritional Medicinals, LLC (US), Kate Farms (US),
Medtrition Inc. (US), Victus, Inc. (US), Global Health Products, Inc. (US),
Meiji Holdings Co., Ltd. (Japan), Reckitt Benckiser Group PLC. (UK), Hormel
Foods Corporation (US), DermaRite Industries, LLC. (US), Medline Industries,
LP. (US), Real Food Blends (US), and Ajinomoto Cambrooke, Inc. (US).
Abbott
is the leading player in the enteral feeding formulas market. The company
operates in the market through its Nutritional Products segment. With its
strong global presence and wide distribution network, the company possesses a
robust product portfolio comprising adult and pediatric nutritional formulas.
The company focuses on developing innovative formulas and expanding its global
presence.
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.
Danone
observed increased demand for its specialized nutrition formulas in the Asia
Pacific. Infant nutrition posted growth in revenue, driven by China and the
Rest of the World. The company also focuses on adopting collaboration and
geographic expansion to sustain its position in the market. With the recall of
some nutritional formulas by Abbott in May 2022, Danone announced that it would
double the shipments of Neocate formula to the US.
The
company has a strong foothold in the enteral feeding formulas market. This is
due to its strong sales and distribution network. The company offers a wide
range of child and adult feeding formulas in the market through its Specialized
Nutrition business segment. The specialized nutrition business of Danone is
expected to grow through multi-channel sales strategies and the expansion of
its product portfolio.
B.
Braun Melsungen AG focuses on expanding its enteral feeding product portfolio.
For enteral nutrition, the company offers feeding formulas and devices such as
standard diets, specific diets, enteral nutrition pumps, pump administration systems,
gravity administration systems, feeding tubes, and safety systems. A product
portfolio enables the company to maintain its competitive position in the
market. In 2021, the Healthcare business witnessed a 5.1% in revenue, with
growth in North America, Germany, and Latin America markets being the major
drivers, followed by Switzerland and East Europe. Additionally, Japan,
Australia, and Thailand exhibited double-digit growth. The company aims to
establish its market position in these countries, driven by increasing demand
for enteral nutrition.
This
report categorizes the Enteral Feeding Formulas Market to forecast revenue and
analyze trends in each of the following submarkets:
By
Product
·
Standard Formula
·
Disease specific
·
Diabetic Formula
·
Renal Formula
·
Hepatic Formula
·
Pulmonary Formula
·
Other Disease Specific Formula
·
Peptide based formula
·
Other Formula
By
Stage
·
Adults
·
Pediatric
By
End User
·
Hospitals
·
Long Term Care facilities
·
Nursing Homes
·
Assisted Living Facilities
·
Home Care Agencies & Hospices
By
Application
·
Oncology
·
Gastrointestinal Diseases
·
Neurological Disorders
·
Diabetes
·
Other Applications
By
Region
·
North America
o US
o Canada
·
Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe
·
Asia Pacific
o Japan
o China
o India
o Rest of APAC
·
Latin America
·
Middle East & Africa
Enteral
Feeding Formulas Market Key questions answered in the report include:
1. What will be the enteral feeding
formulas market size and the growth rate by the end of the forecast period?
2. What are the key factors
driving the growth of the global enteral feeding formulas Market?
3. What are the key market
trends impacting the growth of the market?
4. What are the challenges to
enteral feeding formulas market growth?
5. Who are the leading
competitors operating in the global enteral feeding formulas market?
6. What are the potential
growth opportunities and threats faced by the leading competitors in the
market?
7. What are the key outcomes
of Porter's five forces analysis and the SWOT analysis of the key players functioning
in the global enteral feeding formulas market?
Recent Developments:
·
In February 2022, Nestlé (Switzerland) agreed to purchase a
majority stake in Orgain, a leader in plant-based nutrition. This acquisition
would complement Nestlé Health Science’s existing portfolio of nutrition
products.
·
In September 2021, Abbott (US) launched plant-based proteins
and organic food ingredient enteral formulas for tube feeding.
Content Source:
https://www.marketsandmarkets.com/PressReleases/enteral-feeding-formulas.asp
https://www.marketsandmarkets.com/ResearchInsight/enteral-feeding-formulas-market.asp
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