Enteral feeding formulas market projected to reach $12.9 billion by 2032

From GlobeNewswire: 2024-12-10 04:00:00

The enteral feeding formulas market was valued at USD 7 billion in 2023 and is projected to grow at a CAGR of 7.1% from 2024 to 2032. These specialized liquid nutrition products are designed for individuals who cannot consume food orally due to various medical conditions. The market includes standard formulas, disease-specific formulas, elemental formulas, and more, with the standard formulas segment contributing USD 3.6 billion in 2023. The adult age group led the market in 2023, accounting for 82.2% of total revenue, driven by the increasing number of elderly individuals requiring enteral feeding. By end use, hospitals held the largest market share, valued at USD 3.2 billion in 2023, with enteral nutrition known to speed up healing and shorten recovery times. In the U.S., the market was valued at USD 2.8 billion in 2023, with a projected CAGR of 7.2% during the forecast period, driven by continuous innovations in product formulations and the aging population.



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