Global Enteral Feeding Formulas Market Size (2024 - 2029)

Enteral Feeding Formulas Market Analysis

The Global Enteral Feeding Formulas Market size is estimated at USD 8.77 billion in 2024, and is expected to reach USD 11.30 billion by 2029, growing at a CAGR of 5.18% during the forecast period (2024-2029).

The outbreak of COVID-19 is expected to impact the enteral feeding formulas market, as good supportive care remains the cornerstone in managing critically ill patients with COVID-19 infection, within which nutritional management of the ICU admitted COVID-19 patients is an integral component of the supportive measures. For instance, according to the study published in Nutrients in March 2022, to prevent malnutrition in COVID-19 individuals, prompt enteral nutrition support and the administration of adequate nutrients were crucial. Additionally, it is advised for critically ill patients for enteral feeding assistance. Such instances might have been expected to drive the market during the pandemic. Furthermore, post-pandemic, there has been an increased demand for these formulas due rise in enteral feeding formulas, a rise in the prevalence of diseases, and a rise in the number of hospitals, among others.

The enteral feeding formula market is primarily driven by the increasing prevalence of metabolic and chronic disorders, increased expenditure on patient care, and the growing geriatric population. According to the IDF 2021, approximately 537 million adults are living with diabetes, and the number of people adults living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045. Such a rise in metabolic diseases is expected to drive market growth due to a rise in the adoption of enteral feeds for diabetic patients, as diabetes-specific nutrition formulas (DSNFs) can help control the development, progression, and severity of certain chronic diseases.

Also, aging is the primary factor driving the market growth for the treatment. According to the United Nations Department of Economics and Social 2022 report, there were 771 million people aged 65 years or over globally in 2022, and the older population is projected to reach 994 million by 2030 and 1.6 billion by 2050. Thus, the demand for enteral nutrition will rise with the growing geriatric population due to the increased adoption of enteral feeding formulas in the elderly. Furthermore, the rising healthcare expenditure in developed and developing countries and the increasing demand for home healthcare services will also boost the enteral feeding formula market growth.

Furthermore, the rise in initiatives from the key market players for the launch of their products is expected to drive market growth. For instance, in May 2022, Abbott decided to release EleCare specialty amino acid-based formulas in infants and children who have severe food allergies or gastrointestinal (GI) disorders., Such instances are also expected to drive market growth due to the rise in adoption in pediatrics.

However, complications associated with enteral nutrition and high cost and low adherence rates in developing countries are the factors expected to impede market growth.

Enteral Feeding Formulas Industry Segmentation

As per the scope of the report, enteral feeding refers to the delivery of a nutritionally complete feed containing protein, carbohydrates, fat, water, minerals, and vitamins directly into the stomach, duodenum, or jejunum. The report is segmented by Product (Standard Formulas and Disease-specific Formulas), Application (Oncology, Neurology, Critical Care, Diabetes, Gastroenterology, and Others), End-User (Hospitals, Home Care Agencies, and Hospices, and Other End User), Distribution Channel (Hospitals, Retail Pharmacies, and Online Pharmacies), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.