Asia Pacific Enteral Feeding Formulas Market Size & Outlook
Asia Pacific enteral feeding formulas market, 2018-2030 (US$M)
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Asia Pacific enteral feeding formulas market highlights
- The Asia Pacific enteral feeding formulas market generated a revenue of USD 1,999.0 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, oral was the largest revenue generating product in 2023.
- Oral is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,999.0 million |
| Market revenue in 2030 | USD 3,115.1 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Oral |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral, Enteral |
| Key market players worldwide | Abbott Laboratories, Danone SA, Fresenius SE & Co KGaA, Nestle SA, Meiji Holdings Co Ltd, Reckitt Benckiser Group PLC, Victus, Primus Pharmaceuticals |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.7% of the global enteral feeding formulas market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,115.1 million by 2030.
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Enteral Feeding Formulas Market Scope
Enteral Feeding Formulas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific enteral feeding formulas market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to enteral feeding formulas market will help companies and investors design strategic landscapes.
Oral was the largest segment with a revenue share of 90.63% in 2023. Horizon Databook has segmented the Asia Pacific enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Countries such as Japan, China, India, and Australia are some of the major countries in Asia Pacific. The region has a large patient pool and geriatric population. Lifestyle changes are leading to an increase in the prevalence of various diseases such as cancer, diabetes, gastrointestinal disorders, and autoimmune diseases.
This is ultimately expected to increase the demand for enteral feeding formulas for the dietary management of chronic diseases. Japan and China have a large elderly population, which is at a high risk of chronic conditions.
Nutritional deficiencies are more common in the geriatric population, and it is expected to boost the demand for enteral feeding formulas in Asia Pacific. According to World Hunger Education Service, around 70% of all malnourished children live in Asia.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific enteral feeding formulas market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific enteral feeding formulas market size, by country, 2018-2030 (US$M)
Asia Pacific Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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