Market Size in 2021 | Market Forecast in 2026 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5,819.5 Million | USD 8,024.1 Million | 5.5% | 2021 |
FrequentlyAsked Questions
Among the key factors anticipated to propel the adoption of enteral feeding formulas and subsequently accelerate market growth over the forecast years are an increase in the incidence of chronic diseases and an increase in the aging population, both of which are at high risk of several life-threatening disorders, such as cardiovascular disease, diabetes, cancer, liver failure, and renal failure.
According to the report, the global enteral feeding formulas market was worth USD 5,819.5 million in 2021 and is estimated to grow to USD 8024.1 million by 2028, along with a compound annual growth rate (CAGR) of roughly 5.5% over the forecast period.
Throughout the projected period, North America dominated the global market for enteral feeding formula. The increased number of preterm births, growing geriatric population, and technological developments are to blame for this dominance.
Some of the main competitors dominating the global enteral feeding formulas market include- Abbott Laboratories, Nestlé S.A., Danone S.A., Mead Johnson Nutrition Company, Fresenius Kabi AG, Hormel Foods, LLC, Global Health Product Inc., B. Braun Melsungen AG, Meiji Holdings Co., Ltd., and Victus Inc.
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