Enteral Feeding Formulas Market Size, Global Industry Share, Growth, Trends and Forecast 2020 - 2027

The global Enteral Feeding Formulas market size is expected to be worth around US$ 8.70 billion by 2027, according to a new report by Vision Research Reports.

The global Enteral Feeding Formulas market size was valued at US$ 5.45 billion in 2019 and is anticipated to grow at a CAGR of 6.0% during forecast period 2020 to 2027.

Rise in premature births is one of the key factors propelling demand for sip feeds to cater to the nutritional requirements of the newborns. According to a study published by the Center for Disease Control and Prevention, preterm births in the U.S. affected approximately 1 in every 10 newborns in 2016. Furthermore, growing nutritional deficiencies such as severe deficiency of protein and other micronutrients, specifically in pregnant women and infants, is anticipated to boost the product demand.

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As per a study published by Cancer Research U.K., approximately 17.0 million new cancer cases were reported in 2018 across the globe. Incidence of cancer is projected to increase by 62% between 2018 and 2040.

In addition, growing deficiency of macro and micro nutrients among the patients in hospitals during pre and post-surgery drives the demand for enteral feeding formulas. Furthermore, increasing product offerings aimed at specific indications are delivering targeted nutritional needs, which is a key driver of this market. These enteral tube feeds usually contain polysaccharides and proteins for patients capable of digesting and absorbing nutrients without any difficulty.

Product Insights

Based on product type, standard formulas dominated the market and accounted for the largest revenue share of 54.0% in 2020. This high share is attributable to the availability of a wide variety of standard formulas coupled with increased demand for low-cost nutrient formulations. In addition, the demand with respect to standard tube feeds is significant among the volume-sensitive patients or the patients on fluid restrictions. Such conditions include renal failure, congestive heart failure, and Syndrome of Inappropriate Antidiuretic Hormone (SIADH).

In addition, the disease specific formulas segment is anticipated to grow at the fastest rate during the forecast period. The high prevalence of chronic diseases, such as cancer, diabetes, and liver failure, is propelling the demand for disease-specific formulas. In addition, recent product developments to cater to specific nutritional requirements of various diseases are expected to boost the demand in the coming years. NOVASOURCE RENAL by Nestlé Health Science and SUPLENA by Abbott are examples of standard tube feeds used in patients with Chronic Kidney Disease (CKD).

Flow Type Insights

In 2020, based on flow type, intermittent feeding flow type accounted for the highest revenue share of 94.5% in the market. This is because intermittent feeding has shown better tolerance in patients as compared to bolus feeding. Moreover, this type of feeding does not require feeding pumps, which is helpful in allowing greater mobility in between the feedings. This is expected to increase its adoption among the hospital as well as homecare settings, thereby affirmatively impacting the segment growth.

In addition, the continuous feeding flow type segment is expected to witness the highest CAGR over the forecast period. The lower feeding rate of continuous feeding flow as compared to intermittent feeding is one of the major factors responsible for the lucrative growth of the segment. Continuous tube feeding is recommended for critically ill patients suffering from conditions such as respiratory failure, severe burns, and cancer. The increasing prevalence of such conditions is anticipated to propel the growth of the continuous feeding flow type segment during the forecast period.

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Stage Insights

In 2020, based on stage, the adults' segment accounted for the highest revenue share of 88.4% in the market. The segment is projected to witness the fastest CAGR over the forecast period. The rising adoption of tube feeds in adults is one of the crucial factors driving the growth. In addition, the availability of large number of tube feeds or products for adults on a commercial level also contributes to the large share held by the segment. Glucerna, Osmolite, TwoCal, Vital, Promote, and Jevity are some of the popular brands by Abbott Nutrition for adults.

Furthermore, increasing demand for tube feeds among pregnant women is also one of the major factors driving the market for the adult segment. In addition, pregnant women frequently suffer from hyperemesis gravidarum, which is categorized by severe vomiting and nausea, which may lead to a deficiency of vital nutrients and dehydration. According to a research study conducted by Mount Mary University, enteral nutrition showed successful pregnancy outcomes in women suffering from hyperemesis gravidarum. Moreover, increasing demand for tube feeds among patients suffering from neurovascular disorders is positively impacting the market growth.

Indication Insights

Based on indications, others' segment dominated the market and accounted for the largest revenue share of 42.7% in 2020. The segment is followed by cancer care, which accounted for a significant share of 24.0% in terms of revenue in 2020. The increasing prevalence of cancer and other health conditions associated with cancer is likely to promote the growth of the segment. For instance, according to GLOBOCON 2020, there were around 19.3 million new cases of cancer worldwide in 2020. Europe accounted for about 23.4% of total cancer cases and Asia had the highest population suffering from cancer, which was about 60%.

Cancer weakens immunity and leads to loss of energy, which results in malnutrition in 40% to 80% of the cases. This affects the response to the treatment as well as increases treatment-related toxicity. Hence, to maintain nutrition and positive nitrogen balance, tube feeding is used, thereby fueling the market growth. Major players, such as Abbott Laboratories, provide liquid formulations that can be tube fed to cancer patients, to help maintain their nutrient balance. For instance, Jevity 1.5 Cal is prescription-based nutrition that is useful for cancer patients.

End-user Insights

In 2020, based on end user, the homecare segment accounted for the highest revenue share of 56.1% in the market. The segment is projected to witness the fastest CAGR over the forecast period. The increasing number of patients that receive home enteral feeding due to growing awareness about complete and balanced nutrition is one of the key factors contributing to the growth of this segment. For instance, according to a recent survey conducted in the U.K., there were 187 patients on home enteral tube feeding out of the total 257 patients. This suggested that approximately 72% of patients were on home enteral tube feeding.

Furthermore, rising awareness regarding enteral feeding formulas among home-based healthcare patients and increasing government intervention for educating the patient population with regards to the utilization of enteral feeding systems or pumps are some of the other factors boosting segment growth.

Regional Insights

North America dominated the enteral feeding formulas market and accounted for the largest revenue share of 29.7% in 2020 owing to the growing burden of chronic diseases such as diabetes, cancer, and other neurological conditions. Furthermore, increasing preference for home-based enteral therapy has decreased the number of patient visits to hospitals and clinics. In addition, increasing malnutrition is expected to further boost the demand for enteral feeding formulas in this region.

Furthermore, in Asia Pacific, the market is expected to exhibit lucrative growth over the forecast period. The increasing incidence of preterm births is one of the major factors that propel the regional demand. According to the World Health Organization (WHO), India, China, Nigeria, Pakistan, and Indonesia are among the top five countries with the largest number of preterm births. Factors such as increasing healthcare expenditure and recent improvements in healthcare infrastructure in many countries including China, Japan, India, and Singapore are anticipated to drive the market in the forthcoming years.

Key Players

• Danone (Nutricia)
• Nestle Health Science
• Abbott Nutrition
• Primus Pharmaceuticals, Inc.
• Mead Johnson & Company, LLC
• Fresenius Kabi AG
• Meiji Holdings Co., Ltd.
• Victus

Market Segmentation

Enteral Feeding Formulas Product Outlook

• Standard Formula
• Disease-specific Formula

Enteral Feeding Formulas Flow Type Outlook

• Intermittent Feeding Flow
• Continuous Feeding Flow

Enteral Feeding Formulas Stage Outlook

• Adults
• Pediatrics

Enteral Feeding Formulas Indication Outlook

• Alzheimer’s
• Nutrition Deficiency
• Cancer Care
• Diabetes
• Chronic Kidney Diseases
• Orphan Diseases
• Dysphagia
• Pain Management
• Malabsorption/GI Disorder/Diarrhea
• Others

Enteral Feeding Formulas End-user Outlook

• Hospitals
  • Cardiology
  • Neurology
  • Critical Care (ICU)
  • Oncology
  • Others
• Home Care

Enteral Feeding Formulas Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • Japan
  • China
  • Australia
  • New Zealand
  • India
  • Singapore
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

The Enteral Feeding Formulas market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Enteral Feeding Formulas market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Enteral Feeding Formulas market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Enteral Feeding Formulas market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Enteral Feeding Formulas market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Enteral Feeding Formulas capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Enteral Feeding Formulas by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Enteral Feeding Formulas market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Enteral Feeding Formulas market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Enteral Feeding Formulas market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Enteral Feeding Formulas industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Enteral Feeding Formulas market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Enteral Feeding Formulas market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Enteral Feeding Formulas market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Enteral Feeding Formulas market. These factors have benefited the growth of the global market for Enteral Feeding Formulas. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Enteral Feeding Formulas. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Enteral Feeding Formulas are as follows:

• History Year: 2016-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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