Australia Enteral Feeding Formulas Market Size & Outlook
Australia enteral feeding formulas market, 2018-2030 (US$M)
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Australia enteral feeding formulas market highlights
- The Australia enteral feeding formulas market generated a revenue of USD 70.4 million in 2023 and is expected to reach USD 114.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.2% 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.
Enteral feeding formulas market data book summary
| Market revenue in 2023 | USD 70.4 million |
| Market revenue in 2030 | USD 114.3 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Oral |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 1.0% of the global enteral feeding formulas market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China enteral feeding formulas market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 114.3 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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Australia 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 93.04% in 2023. Horizon Databook has segmented the Australia enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Australia enteral feeding formulations market is expected to grow at a significant rate of 5.8% during the forecast period. Rise in the number of structural initiatives being undertaken to create awareness regarding enteral feeding is expected to boost the market in this country.
For instance, AuSPEN is a leading society in Australia that has been encouraging high standards and practices for enteral nutrition in both inpatients and outpatients since 1973. Moreover, increase in the number of hospitalized patients affected by malnutrition in Australia has fueled the growth of enteral feeding formulations market.
For instance, according to various reports, nearly 40% of the patient population in Australian hospitals was reported to be affected with malnutrition. In addition, according to Dietitians Australia, malnutrition is a major public issue in Australia, specifically in the population aged 65 and above.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia enteral feeding formulas market , including forecasts for subscribers. This country databook contains high-level insights into Australia enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia enteral feeding formulas market size, by stage, 2018-2030 (US$M)
Australia Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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