New York, Nov. 03, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on "Enteral Feeding Formulas Market Size, Share and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, Form, Age Group, Distribution Channel, and Geography," the global enteral feeding formulas market is expected to grow from USD 7.8 billion in 2021 to USD 11.7 billion by 2028; it is estimated to grow at a CAGR of 6.0% from 2022 to 2028.
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Global Enteral Feeding Formulas Market Report Scope, Segmentations, Regional & Country Scope:
| Report Coverage | Details |
| Market Size Value in | USD 7.8 Billion in 2021 |
| Market Size Value by | USD 11.7 Billion by 2028 |
| Growth rate | CAGR of 6.0% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| No. of Pages | 150 |
| Historical data available | Yes |
| Segments covered | Type, Application, Form, Age Group, Distribution Channel, and Geography |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Global Enteral Feeding Formulas Market: Competitive Landscape
Abbott; Nestle Health Science; Magnacal Renal; UNILEVER; Danone; Kate Farms; Nutricia; Smartfish AS; Fresenius Kabi AG; and Hormel Foods Corporation are among the key enteral feeding formulas market players profiled during the study. Several other major companies were studied and analyzed during this research study to get a holistic view of the market and its ecosystem.
Impact of COVID-19 Pandemic on Global Enteral Feeding Formulas Market:
According to a research article published in Critical Care, 2020, the novel coronavirus may invade the gastrointestinal tract, neurological systems, and kidneys, which may adversely affect the nutrition delivery among COVID-19 patients. As per the guidelines by the European Society for Clinical Nutrition and Metabolism (ESPEN) on nutrition in the ICU, gastric/renal enteral formulas are recommended for severe COVID-19 patients admitted in the intensive care units (ICUs). Hence, the demand for enteral feeding formulas increased globally due to the rising number of COVID-19 patients, especially in ICUs.
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The usage of next-generation technology for proper enteral nutrition feeding is projected to offer lucrative opportunities for the growth of the enteral feeding formulas market during the forecast period.
According to “Dieticians On Demand Case Study,” standard enteral formulas provide 10–45% of energy from fat sources, including canola oil, corn oil, soy lecithin, safflower oil, and medium-chained triglycerides. Diabetisource AC manufactured by Nestle Health Sciences is composed of soy protein and gluten-free in nature. It can be used by lactose intolerant consumers. The product contains low amount of carbohydrates and fiber. Also, Fibersource HN manufactured by Nestle Health Sciences consists of milk and soy protein, as well as a low amount of protein and fiber.
According to Medline Plus, more than half a million in North American and Western European people are currently suffering from Crohn’s disease. Patients suffering from gastrointestinal disease are at an increased risk of nutritional deterioration due to fasting for the diagnostic tests, therapeutic dietary restriction, and appetite loss due to anorexia or altered nutritional requirement. Gastrointestinal disease patients cannot consume food orally. Therefore, enteral route is preferred to provide the required nutrients. A few brands that caters to gastroenterology disorders are Ensure, Ensure HN, Ensure Powder, Isocal, Lonalac Powder, Meritene, Meritene Powder, Osmolite, Osmolite HN, Portagen Powder, Sustacal, Sustagen Powder, and Travasorb. Therefore, the growing prevalence of gastrointestinal diseases drives the growth of the enteral feeding formulas market.
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